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dbowman
Newbie
Joined: May 28, 2010
Posts: 1
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 Posted: Sat May 29, 2010 5:32 am Post subject: The Labuan IBFC |
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The Labuan International Business and Financial Centre (Labuan IBFC) was created as an offshore financial hub on October 1990 and was operating under the name of Labuan International Offshore Financial Centre (IOFC). At the time it was established to strengthen the contribution of financial services to the Gross National Products (GNP) of Malaysia as well as to develop the island and its surrounding vicinity. The jurisdiction, under the robust but progressive regulatory body called Labuan Offshore Financial Services Authority or LOFSA, offers benefits such as 3% tax on net audited results or a flat rate of Malaysian Ringgit (MYR) 20,000 to trading companies; low operational costs; liberal exchange controls; and a host of other advantages including readily available, experienced and professional service providers.
Source: wikipedia.org : essay papers |
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kent
LOC Senior
Joined: Sep 11, 2003
Posts: 1662
Location: labuan/oman
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| Posted: Sun May 30, 2010 10:37 am Post subject: |
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| And ?????? |
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baham
Just started
Joined: May 08, 2007
Posts: 193
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| Posted: Sat Jun 26, 2010 9:31 pm Post subject: |
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hhahahahha kent nice one, anticipating for a continuation ? lol |
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