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Labuan IBFC Delivers Record Growth and Continues to Play
a Key Role in Connecting Asia’s Economies
The
Labuan Financial Services Authority (Labuan FSA) on 26 May 2015
announced the release of its Annual Report for 2014. The report covers
the Labuan International Business and Financial Centre (Labuan IBFC)
industry’s performance for 2014, the financial performance of the
Authority and strategies being undertaken to further develop the
jurisdiction.
Highlights of the Annual Report for 2014 include the following:
- 12.3% growth in new Labuan companies registration,
with 70% of the companies originating from Asia
- 70% increase in the number of Labuan oil trading
companies participating in the Global Incentives for Trading
(GIFT) programme
- an almost 40% increase in the number of Labuan
foundations, with 73% of the total 130 Labuan foundations
originating from Asia.
The
Labuan FSA Annual Report for 2014 and the accompanying press release
can be viewed in full here.
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