Labuan reports ‘boon year’ for captives in 2020

Last year was a “boon year” for Labuan captive business, according to the Labuan International Business and Financial Centre (Labuan IBFC), with the domicile registering eight captives in 2020, bringing the total to 55. Labuan IBFC is the only jurisdiction in Asia that provides for the formation of protected cell companies and the centre said “this has been the largest…

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