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The Hongkong and Shanghai Banking Corporation Limited
Offshore Banking Unit Labuan
(Licensed Labuan bank, Licence No. 910004C)


Offshore Banking

About Labuan IBFC

In 1984, to develop Labuan as an international offshore financial centre, the island was declared a Federal Territory under direct administration of the Malaysian Federal Government (Since 2008 has been repositioned and rebranded as Labuan International and Financial Centre (IBFC))


Labuan Banking Tax Incentives

Liberal tax rules apply to Labuan entities, including:

  • For placements of deposits with Labuan entities, there is no withholding tax on interest paid by Labuan entities to residents and non-residents.
  • For foreign currency loans, there is no withholding tax on interest payments made by Malaysian tax residents to Labuan entities.


Account Confidentiality

In line with the secrecy provisions under the Labuan Financial Services and Securities Act 2010, strict confidentiality is maintained on all accounts.

Strategically Located

Ofsshore Banking in Labuan


The information and materials contained in or connected to this web page are for your general information only and are not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any products, services or investments offered by The Hongkong and Shanghai Banking Corporation Limited, Offshore Banking Unit Labuan (the "HSBC Offshore Banking Unit Labuan"). In particular, please be advised the Exchange Control Notices of Malaysia may restrict or prohibit (i) your ability to purchase or subscribe for any or all of the products, services and investments offered by HSBC Offshore Banking Unit Labuan, and/or the (ii) latter's ability to provide to you any or all of its products, services and investments. Further, no consideration has been given to your particular investment objectives, financial situation or particular needs. You are, therefore, advised to obtain appropriate professional advice.