Labuan IBFC

Labuan IBFC

The island of Labuan located off the Borneo coast is home to Malaysia’s International Business and Financial Centre (IBFC). Since declared an international business and financial centre in 1990, Labuan IBFC has steadily grown in reputation and financial standing over the years.

Labuan IBFC’s position – located between China and India – as well as proximity to several other regional financial centres, has been marketed as having a unique position to tap investment opportunities in Asia and beyond. Sharing a common time zone with many large Asian cities makes Labuan convenient for business dealings.

A re-branding and re-positioning exercise of the IBFC was conducted in January 2008 to reflect the jurisdiction’s burgeoning international status, followed by an aggressive marketing exercise. This included the setting up of Labuan IBFC Incorporated Sdn. Bhd. in May of the same year with a mandate by the Malaysian government to market and promote Labuan as the premier International Business and Financial Centre in Asia Pacific.