Labuan Offshore Financial Services Authority (LOFSA)

Labuan was declared an International Offshore Financial Centre (IOFC) on October 1, 1990. In an effort to develop Labuan into a successful IOFC, Malaysian Government established LOFSA on February 15, 1996 as a one-stop agency to focus on business development and promotion; process application and supervise offshore activities; develop national objectives, policies and set priorities; administer and enforce legislation; and incorporate or register offshore companies. The official site features incorporation procedure; offshore companies act; offshore banking; insurance guidelines and application forms; trust company registration procedure; fund management; leasing, money brokering, factoring and Islamic financial services guidelines; and getting to Labuan.

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Guide ID: 1163