Tapping Into ASEAN Via Labuan IBFC


How two professional services firms, housed in a Labuan domiciled company, scaled up its ASEAN presence via Labuan IBFC

Strategically located in the heart of Asia Pacific, Labuan IBFC is well positioned to tap into one of the fastest growing regions in the world, presenting the perfect opportunity for businesses seeking to connect with Asia and ASEAN economies.

As a leading midshore jurisdiction, Labuan IBFC offers a comprehensive midshore solution that strikes a perfect balance between client confidentiality and stringent compliance with international best standards and practices among legal and fiscal frameworks.

Labuan IBFC provides a unique and special proposition for fast-expanding companies, whether into, or out of, Asia and ASEAN. It offers an attractive tax system that is well-supported by a dynamic, modern and internationally recognised legal framework, competently enforced by its regulator, the Labuan Financial Services Authority (Labuan FSA).

In fact, all these elements combined provide for an ideal ecosystem for regional companies or multi-jurisdictional families to house their corporate entities and dealings as well as wealth management transactions.

An Initial Public Offering via Labuan IBFC

Labuan IBFC provides a platform for companies to list in countries such as Singapore, Australia and Hong Kong. This platform offers a flexible, borderless and currency neutral base for these debutants protected by a strong regulatory and anti-money laundering mechanism.

The fact that Labuan IBFC is not subject to Malaysian exchange controls, foreign ownership limitations and has a clear as well as flexible tax system, just provides for hassle free asset and investment holdings in other countries.

Labuan IBFC's regulatory environment meets regulatory co-operation requirements of most developed countries, as it is a member of the International Organization of Securities Commission's (IOSCO), as well as a signatory to the Multilateral Memorandum of Understanding (MMoU) Concerning Consultation and Cooperation and the Exchange of Information.

Presently, Labuan companies have been used as listing vehicles on the Singapore Stock Exchange (SGX), the Hong Kong Stock Exchange and the National Stock Exchange of Australia.

Below are two examples of how two professional services firms, housed in a Labuan IBFC domiciled company, scaled up its ASEAN presence via Labuan IBFC.

ZICO Holdings

ZICO's story began in 1987, with the establishment of the law...

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