Terminate or Dissolve a Labuan company
Terminating or Dissolving a Labuan Company In general, there are two ways for a Labuan company to be terminated or dissolved. 1. Voluntary Initiated Wind Up Process A Labuan company can initiate a wind up process by applying to the Labuan FSA under...
Disadvantages of a Labuan Offshore Company
Disadvantages of a Labuan offshore company Difficult for Valuation, Appraisal, and Financing While it is one of the main advantages of a Labuan offshore company is the confidentiality, privacy, and anonymity that is offered as a form of protection to the...
Protection for family owned business with a Labuan Trust and Foundation
Protection for family-owned business with a Labuan Trust and Foundation Business operators especially businesses with long legacies that are family owned, should consider the idea of establishing foundations and trusts to accumulate, manage and...
Difference between trust and foundation
Difference between trust and foundation Firstly, what is a trust? A trust is essentially an agreement between two parties, the settlor and the trustee, and it does not need to registered to be effective. Pursuant to a trust deed, the settlor will transfer...
Labuan IBFC Inc announces new CEO
On 27th December 2017, Labuan International Business and Financial Centre Inc Sdn Bhd (Labuan IBFC Inc), which is the promotion and marketing arm for the Labuan International Business and Financial Centre Malaysia (Labuan IBFC), has appointed Farah Jaafar-Crossby as...
Labuan Role in China One Belt One Road (OBOR) Initiative
Labuan Fund The Role of Labuan in China's One Belt One Road (OBOR) Initiative Catherine Tan, Business Advisor of Indah Trust Limited 26 September 2017 The China OBOR was initated by the China’s President Xi JinPing in 2013 aiming to boost the trade connectivity...
Labuan Foundation as a vehicle for asset protection
Labuan Foundation, a vehicle for asset protection Did you know that Labuan Foundation can be used as an estate planning vehicle while keeping your assets protected from future creditors? It is a vehicle that can be used as protection for your assets from the risks and...
Labuan as a hub for Wealth Management
Labuan as a hub for Wealth Management For individuals who are looking for a variety of wealth management products or solutions, Labuan is a good place to start. Governed by the Labuan International Business and Financial Centre (IBFC), one can opt for the various...
Private Foundation vs Public Charity
Private Foundation vs Public Charity Private foundation Private foundations are non-governmental and nonprofit organizations, whereby it delegates the management of its principal fund to its own trustees or directors. The aim of private foundations is usually...
How to start a private foundation in Labuan
How to start a private foundation in Labuan Before you can establish a Labuan Foundation, you (the founder) need to define the purpose of your private foundation and set out the guidelines (for the grants) The purpose of the foundation is key to determine its...