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))
Liberal tax rules apply to Labuan entities, including:
In line with the secrecy provisions under the Labuan Financial Services and Securities Act 2010, strict confidentiality is maintained on all accounts.
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.