Over the years, Labuan IBFC's leasing industry has grown in tandem with the region's economic growth, as demand for capital equipment showed no sign of abating especially in the shipping, aviation as well as oil and gas industries.
Regulated and licensed by Labuan Financial Services Authority, all leasing companies enjoy an ideal balance of fiscal neutrality and certainty, allowing for effective management of their operational cost.
The ease through which leasing transactions can be structured along with a highly efficient tax framework has no doubt worked in Labuan IBFC's favour as it is now home to almost 300 leasing companies which are all reaping the benefits of structuring leasing arrangements via Labuan IBFC.
WHY LABUAN IBFC?
It has one of the most competitive fiscal regimes in Asia It boasts a modern suite of robust legislative provisions, refreshed in 2010 It has been declared as a white-listed jurisdiction by the Organisation of Economic and Co-operation and Development (OECD) and complies to the international provisions on exchange of tax information It has access to the Malaysian Double Taxation Network spanning more than 70 countries It is strategically located in the heart of Asia Pacific, sharing its time zone with many major Asian cities As part of Malaysia, Labuan is a member of the ASEAN trade bloc It is well regulated with Labuan Financial Services Authority as the supervisory and regulatory authority It offers an international ship registry for foreign-owned ships...