Labuan International Business and Financial Centre (Labuan IBFC) is seeing its comprehensive midshore solution reap results as new businesses soared 12.5% last year. Pedro Gonçalves explains the background to this success. With 1059 new companies mostly from Japan, China and South Korea, Labuan IBFC is also making the most of its location, strategically located in the heart of Asia. Anchored by a simple and attractive tax system, it offers a wide variety of business and investment structures to boast and promote cross border transactions and wealth management. In a press release st...
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