Modern Legislation
Labuan IBFC’s comprehensive regulatory framework provides for a broad range of legal entities including companies limited by shares or by guarantee, foundations, special purpose trusts, protected cell companies, captives, limited liability partnerships and private trust companies. Businesses in Labuan IBFC are generally governed by the following eight modern Acts:
The introduction of the - the world’s first omnibus legislation governing all Shariah-compliant businesses in an international business and financial centre - provides a greater degree of comfort and certainty to businesses and investors as it covers every aspect of Shariah-compliant financial services, with the establishment of its own Shariah Supervisory Council.
- Labuan Business Activity Tax Act 1990
- Labuan Companies Act 1990
- Labuan Trusts Act 1996
- Labuan Financial Services Authority Act 1996
- Labuan Financial Services and Securities Act 2010
- Labuan Islamic Financial Services and Securities Act 2010
- Labuan Foundations Act 2010
- Labuan Limited Partnerships and Limited Liability Partnerships Act 2010
The introduction of the - the world’s first omnibus legislation governing all Shariah-compliant businesses in an international business and financial centre - provides a greater degree of comfort and certainty to businesses and investors as it covers every aspect of Shariah-compliant financial services, with the establishment of its own Shariah Supervisory Council.
