• Continued growth across the board in 2018, entrenching Labuan IBFC’s role as Asia’s preferred midshore business and financial centre.
    Continued growth across the board in 2018, entrenching Labuan IBFC’s role as Asia’s preferred midshore business and financial centre.
    • 12.5% growth in company incorporation
    • 11.5% growth in trust and corporate service providers
    • 19.1% growth in insurance premiums; 64.7% of which was foreign business
    Find out more in Labuan IBFC’s inaugural market report.
Latest HighlightS
Circular on Payment of Fees and Other Chargeable in United States Dollar (USD) Denomination
06 November 2019
Kindly be informed that Labuan FSA has issued a Circular on Payment of Fees and Other Chargeable in United States Dollar (USD) Denomination on 1 November 2019. In this regard, all industry players are required to make payment of licence, registration, approval and processing fee in USD denomination with effect from 1 January 2020. In addition, all Labuan licensed entities are statutorily required to pay their annual licence fees in USD denomination, on or before 15 January 2020. We also wish to inform that all fees charged are based on the Regulations and shall be paid directly to the bank account of Labuan FSA. Industry players are advised to refer to the Circular on the fee charged by Labuan FSA to avoid unnecessary payment to irresponsible party(s). Please contact us should you require further clarification.
Labuan International Finance Lecture Series 2019 :
18 October 2019
Labuan International Finance Lecture Series 2019 : "Labuan IBFC : Reinforcing The China Connection"
NOTIFICATION: Business Restriction on Labuan Licensed Entities
17 October 2019
Labuan Financial Services Authority (Labuan FSA) has imposed business restriction on the following Labuan Licensed Entities pursuant to section 193 of the Labuan Financial Services and Securities Act 2010 for non-compliance to minimum capital and/or other regulatory requirements.
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