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A General Overview on Labuan, Malaysia's International Offshore Financial Center

Labuan, Malaysia's International Offshore Financial Center was established in 1990 and many efforts has been placed by the government to develop Labuan into one of the Asia's premier international offshore center. However, not many people are aware of the existence of this offshore cent...

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Main Author: Foong, Kai Ee
Format: Project Paper Report
Language:English
English
Published: 1998
Online Access:http://psasir.upm.edu.my/id/eprint/8112/1/GSM_1998_25_A.pdf
http://psasir.upm.edu.my/id/eprint/8112/
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spelling my.upm.eprints.81122012-10-30T04:53:14Z http://psasir.upm.edu.my/id/eprint/8112/ A General Overview on Labuan, Malaysia's International Offshore Financial Center Foong, Kai Ee Labuan, Malaysia's International Offshore Financial Center was established in 1990 and many efforts has been placed by the government to develop Labuan into one of the Asia's premier international offshore center. However, not many people are aware of the existence of this offshore center including Malaysians. This paper is set with an objectives to introduce Labuan to Malaysians and the world. Firstly, an introduction on the location and history- of Labuan is discussed. This follows by a brief introduction of regulatory bodies governing Labuan. Further discussion will be on the type of services provided and procedure to get on to those business. This paper then continue to elaborate tax regime and legislation in Labuan respectively. Then a comparison between Singapore, Hong Kong and Labuan as Asia's premier offshore financial center is made. Lastly a discussion is then made on government's role in promoting Labuan IOFC The information and materials for this paper were mainly collected from articles from business magazine and Labuan website. Although Labuan is relatively small compared to other offshore financial centers in term of number of companies and value of funds managed, it has the potential to become one of the popular offshore center in Asian one day in the future. 1998 Project Paper Report NonPeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/8112/1/GSM_1998_25_A.pdf Foong, Kai Ee (1998) A General Overview on Labuan, Malaysia's International Offshore Financial Center. [Project Paper Report] English
institution Universiti Putra Malaysia
building UPM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Putra Malaysia
content_source UPM Institutional Repository
url_provider http://psasir.upm.edu.my/
language English
English
description Labuan, Malaysia's International Offshore Financial Center was established in 1990 and many efforts has been placed by the government to develop Labuan into one of the Asia's premier international offshore center. However, not many people are aware of the existence of this offshore center including Malaysians. This paper is set with an objectives to introduce Labuan to Malaysians and the world. Firstly, an introduction on the location and history- of Labuan is discussed. This follows by a brief introduction of regulatory bodies governing Labuan. Further discussion will be on the type of services provided and procedure to get on to those business. This paper then continue to elaborate tax regime and legislation in Labuan respectively. Then a comparison between Singapore, Hong Kong and Labuan as Asia's premier offshore financial center is made. Lastly a discussion is then made on government's role in promoting Labuan IOFC The information and materials for this paper were mainly collected from articles from business magazine and Labuan website. Although Labuan is relatively small compared to other offshore financial centers in term of number of companies and value of funds managed, it has the potential to become one of the popular offshore center in Asian one day in the future.
format Project Paper Report
author Foong, Kai Ee
spellingShingle Foong, Kai Ee
A General Overview on Labuan, Malaysia's International Offshore Financial Center
author_facet Foong, Kai Ee
author_sort Foong, Kai Ee
title A General Overview on Labuan, Malaysia's International Offshore Financial Center
title_short A General Overview on Labuan, Malaysia's International Offshore Financial Center
title_full A General Overview on Labuan, Malaysia's International Offshore Financial Center
title_fullStr A General Overview on Labuan, Malaysia's International Offshore Financial Center
title_full_unstemmed A General Overview on Labuan, Malaysia's International Offshore Financial Center
title_sort general overview on labuan, malaysia's international offshore financial center
publishDate 1998
url http://psasir.upm.edu.my/id/eprint/8112/1/GSM_1998_25_A.pdf
http://psasir.upm.edu.my/id/eprint/8112/
_version_ 1643823922197561344
score 13.222552

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