Labuan FSA – Labuan Financial Services Authority

Labuan Financial Services Authority

6 things you have to know about Labuan Offshore Financial Services Authority ( Labuan FSA )


Labuan Financial Services Authority (Labuan FSA) was established in 1996 as a statutory body, accountable for the development and administration of the Labuan International Business and Financial Centre (Labuan IBFC). Labuan IBFC complements the Malaysian financial services sector through its offer of diversified product or services in addition to robust governing and supervisory regime that is established in line with international standards and finest practices.

Labuan IBFC boasts a wide variety of business and investment structures helping with cross-border transactions, company negotiations and wealth management requirements. These unique qualities offer sound alternatives for regional companies going international or worldwide companies taking a look at penetrating Asia’s growing markets.

Strategically located in the heart of Asia Pacific, Labuan IBFC is well positioned to use one of the fastest growing areas on the planet, presenting the perfect chance for companies looking for to get in touch with Asia’s economies and beyond.


Labuan Financial Services Authority Function.

The functions of Labuan FSA currently include licensing, managing and monitoring along with establishing policies for the organized conduct of financial services and company in the IBFC. While the marketing and promotion functions of the IBFC are managed by its completely owned subsidiary, Labuan IBFC Incorporated Sdn Bhd.


Value Proposition of Labuan Offshore Financial Services

The product or services offered by Labuan IBFC are offered in both conventional and Shariah-based principles in the location of international company, insurance coverage, reinsurance and banking, wealth management and capital raising. The Labuan Foundation, Labuan Limited (Liability) Partnership, Labuan Special Trust, Labuan Pre-incorporated Company, Labuan Protected Cell Companies and Labuan International Trading Company, introduced in 2011 under the Global Incentive For Trading Program, are among the current items available in Labuan IBFC.


Labuan Financial Services Authority (Labuan FSA)

Labuan FSA Well-Regulated Jurisdiction.

Labuan IBFC, controlled by Labuan FSA, has a detailed, contemporary and globally-recognized regulatory structure.

The jurisdiction’s adherence to worldwide standards and finest practices in financial services and prudential supervision, including methods on anti-money laundering and exchange of information and governing requirements set by the Organisation of Economic Co-operation and Development (OECD), enhances Labuan IBFC’s commitment to guaranteeing a safe and safe business environment.


Labuan Offshore Easy Tax Structure.

Labuan IBFC’s basic and uncomplicated tax system uses to Labuan entities carrying on a Labuan business activity under the Labuan Business Activity Tax Act 1990. It has an unambiguous financial structure that provides an ideal environment for international business to house their global transactions and deals.

As Asia Pacific’s premier midshore international business and financial center, Labuan IBFC provides a large spectrum of financial services and products for corporations and individuals, both in the Islamic and conventional area. The jurisdiction has actually moved beyond banking, capital markets, renting and insurance coverage to also include safeguarded cell companies, collaborations, trusts, foundations and an international shipping computer registry, to name a few.


Modern Legislation Regulated by Labuan Offshore Financial Services Authority LOFSA.

Labuan IBFC’s extensive governing framework provides for a broad range of legal entities consisting of companies restricted by shares or by guarantee, foundations, special function trusts, protected cell business, captives, restricted liability partnerships and personal trust business. Companies in Labuan IBFC are normally governed by the following 8 modern Acts:.

– 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 Labuan Islamic Financial Services and Securities Act 2010– the world’s first omnibus legislation governing all Shariah-compliant businesses in a global company and financial center– offers a higher degree of comfort and certainty to companies and investors as it covers every element of Shariah-compliant financial services, with the establishment of its own Shariah Supervisory Council.


Labuan Financial Services Broking License.

The money brooking permit offered by Labuan FSA Malaysia is fairly special in numerous ways as it is the only license in Asia which authorizes an STP-only business design. The brokers are only allowed to do a matched-order company and are not allowed to be the ‘counter party’ to any trades.

Among the major advantages of Labuan FSA’s Money Broking permit is that the TAT (turn-around-Time) to process an application is around 2 months, which is among the fastest TAT across the globe. The managed brokers have a choice to open banking relationships with a large selection of regional and worldwide banks. Malaysia also provides an abundance of readily available worldwide sales and support personnel. Strategically situated in the heart of Asia Pacific, Labuan FSA is well placed to tap in to among the fastest growing areas worldwide, presenting an ideal opportunity for brokers seeking to connect with Asia’s trading neighborhood.