Generally, to promote and protect the mutual interest of members and to do all such other lawful acts as are incidental and conducive to the attainment of the above objectives or any of them.
The membership of LIBG shall include all Labuan Investment Banks registered under the Labuan Companies Act, 1990 for the sole and exclusive purpose of carrying investment banking business in Labuan, under the Labuan Offshore Banking Act, 1990 which was subsequently replaced by the Labuan Financial Services and Securities Act 2010.
Labuan Investment Banks (LIB) primarily serve corporations and government bodies and high net worth individuals as part of their wealth management and investment objectives. LIB is permitted to conduct all business activities of investment banks except for taking deposits. Labuan’s strong regulatory banking framework, flexible and favourable tax regime including its low operational and set-up cost have attracted many international players to base their investment banking business in Labuan.