Labuan offshore financial services authority

Talk To The Best Team In The Business For Free and Friendly Advice. Labuan International Business and Financial Centre ( Labuan IBFC ) presents a comprehensive midshore solution striking the ideal balance between client confidentiality and compliance with international best standards. This is an online delivery system that promotes convenience and security to the users with real-time access. The legal framework that supports the business-friendly climate in Labuan is overseen by Labuan Offshore Financial Services Authority ( LOFSA ) also known as Labuan FSA. This institution supervises the cross-border financial transactions with respect to the globally-recognized set of laws.

Labuan FSA is governed by a board known as the Authority , whose members are appointed by the Minister of Finance for a term not exceeding three years, after which they are eligible for reappointment.

The current members comprise business leaders from the private sector as well as representatives from the government and statutory bodies. Liaison with Labuan Financial Services Authority ( Labuan FSA) on latest updates, reporting, rulings or approval requirements including licensing fees. Record-keeping of the books of accounts and correspondences relating to the business of the Company.

KUALA LUMPUR: Labuan Offshore Financial Services Authority (LOFSA) will be known as Labuan Financial Services Authority ( Labuan FSA) with the enactment of four new Acts that came into force on Feb 11. Labuan IBFC was established by Labuan FSA to enhance the development of offshore and financial services in Labuan. Labuan (officially referred to as the Federal Territory of Labuan ) is a region of Malaysia, where foreign investors are welcomed to register their businesses set up as offshore companies. This particular location is one of the most important offshore locations available in Malaysia.

Lawnus Trust Limited is an independent trust company licensed by the Labuan Financial Services Authority.

Lawnus is owned and managed by qualified lawyers and professionals. We now operate from Labuan and Kuala Lumpur. Blog for Offshore Labuan - Business Consulting Company in Malaysia - Detailed articles on advantages of setting up an offshore company in Labuan , Malaysia.

Financial Planning – Offshore Banking Services Labuan Offshore Banking can offer various new money related opportunities and advantages. The statutory body responsible for the development of Labuan IBFC is the Labuan Offshore Financial Services Authority (LOFSA). It is now recognized by the international financial community as a world centre for Islamic banking and finance. This has contributed greatly to the growth in the number of offshore companies over the past ten years. To apply for an offshore banking licence, an application needs to be made to the Labuan Offshore Financial Services Authority (LOFSA) providing a guarantee and minimum capital funds of RMmillion.

An annual fee of RM80(at the time of writing) is payable to the Central Bank no later than January. If a trust chooses to register with the Labuan Offshore Financial Services Authority (FSA), the application forms are very simple which includes: an application form to register as a trust and a declaration by the trustee which must be a Labuan Trust Company. The Labuan Trust Company submits the registration forms as its trustee. Labuan IOFC is one of the few integrated offshore financial centres well established in the vicinity of developing economies in Asia.

Under the guidance of LOFSA (the Labuan Offshore Financial Services Authority ) the Malaysian authorities have poured hundreds of millions of dollars into improvement of Labuan’s physical infrastructure, which is now fully up to modern standards. Wholesale banking and International offshore banking services including foreign currency deposits and loans, trade financing, treasury services and Islamic banking solutions carried out in, from or through Labuan International Business Financial Centre in foreign currency with a Resident, Non-resident or with another Labuan entity. LABUAN TRADING COMPANY Setting up a trading company in Labuan jurisdiction is an ideal choice as it offers a wide range of business activities permissible under the regulation of Labuan Financial Services Authority.

Opening a Labuan offshore company is attractive for many investors who wish to benefit from the simple incorporation, the low capital requirements and the tax advantages for certain types of business activities. Below, we answer some of the most common questions about company management, with emphasis on corporate secretarial services and the.

All legislation relevant to the IOFC is enacted by the Malaysian Parliament in Kuala Lumpur, and all substantial policy initiatives are determined by the national government and its institutions. The latest license revocations concern AbaUnion Limite Better Place Strategic Investment Ltd. FinFX Global Markets Limite Advisers Worldwide (Malaysia) Limite Opal Automart Pte Ltd. Asian Trade Investment Bank. Labuan is a federal territory of Malaysia and a financial center that offers many tax and regulatory advantages for offshore company creation.

Although English is widely spoken in Labuan , the designated official language of Labuan is Bahasa Malaysia. Therefore, this is an ideal territory for a Labuan Funds License.