LOFSA
Offshore Banking
LOFSA Offshore Banking
Labuan
Offshore Financial Services Authority
LOFSA,
a one-stop agency was established in 1996 to:
- Focus
on business development and promotion
- Process
application and supervise offshore activities
- Develop
national objectives, policies and set priorities
- Administer
and enforce legislation
- Incorporate/register
offshore companies
Labuan
is an island strategically 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 also attributes its success to
the Malaysian government's commitment to develop Labuan to
its fullest potential.
Labuan
is an integrated IOFC, offering a wide range of offshore 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.
LOFSA
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 offshore financial center.
For
further information on LOFSA Offshore Banking visit the LOFSA
Website.
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