Labuan FSA (Formerly Known as LOFSA), a one-stop agency was established in 1996 to:
- Focus on business development and promotion
- Process application and supervise business and financial activities
- Develop national objectives, policies and set priorities
- Administer and enforce legislation
- Incorporate/register Labuan companies
Labuan is an island strategi
cally located in the Asia-Pacific region, off the coast of East Malaysia. It is administered by the Federal Government of Malaysia, easily accessible, has a developed infrastructure, satellite telecommunication, political stability, low cost of operation and shares the same time zone with other major Asian cities. Labuan is an integrated International Business & Financial Centre (IBFC), offering a wide range of financial products and services to customers worldwide, including banking and investment banking, insurance, captives, trust business, fund management, investment holding, company management and Islamic financing. Labuan FSA has implemented policies that facilitate the creation of a competitive and attractive business environment in Labuan. Labuan’s legislative framework is not only business-friendly but also prudent to safeguard Labuan’s international image as a clean and reputable international business and financial centre.
