Discover why our natural beauty will leave you awe-struckand why our friendly people and freedom struggle will touch your heart! Your journey starts here...
Welcome to Journey Labuan blogpage - the most comprehensive online source of information on travel to and around Labuan- now with great new features to make planning your trip that much easier!
Labuan offers a range of financial services including offshore banking, insurance, trust business, fund management, investment holding and investment banking. Fund management activities have been given a boost with the recent introduction of offshore securities legislation.
LOFSA, the Labuan Offshore Financial Services Authority, was established in 1996 as a single regulatory agency or a one-stop agency for the offshore centre. There are 63 offshore banks, nearly 50 insurance and insurance related companies and 20 trust companies, as well as numerous legal and accounting firms.
An offshore company in Labuan can take two forms. Potential offshore investors can either set up an offshore company or a foreign offshore company, either by incorporating or registering their companies to participate in the offshore activities and to enjoy the attractive tax treatment provided under the Labuan Offshore Business Activity Tax Act 1990. The company must also employ the services of a trust company which is incorporated under the Companies Act 1965 and registered under the Labuan Trust Companies Act 1990 to discharge its statutory obligations.
0 comments:
Post a Comment