Being a Federal Territory of Malaysia, Labuan has its own regulations for numerous financial activities supported on within the Labuan International Business and Financial Centre, which is pretty different from the domestic Malaysian laws and regulations. Labuan is one of the few offshore jurisdictions that interests foreign companies and investors, especially Asian business, who are looking for the right entity to set up their business’ operational center offshore.
Labuan Foundation is a corporate body that has a different legal entity, established basically to hold numerous assets in its own name. The purpose is to set out in its charter or constitutive documents, so as to manage the assets for the benefit of a class of persons on a contractual basis.
Labuan Foundation is basically used for the management of private wealth, other charitable purposes, collective purposes, and also for family patrimony. Get content with the process and benefits of Labuan Foundation with one of the most reputed and reliable independent trust companies, Law & Commerce Trust Limited (SimplyOffshore.com), which is licensed by the Labuan Financial Services Authority.