More companies to register with Labuan

Zeti: ‘Greater awareness of the value proposition of Labuan IBFC is reflected in the double-digit growth in registration of Labuan companies.’

KUALA LUMPUR: Steady Asia-Pacific economic growth, together with regional connectivity, will see more companies registering with the Labuan International Business and Financial Centre (Labuan IBFC).

The offshore financial centre expects an 8%-9% increase in companies registering for the financial year ending Dec 31, 2015. Last year, Labuan IBFC recorded a 12.3% growth in company registrations with 70% originating from Asia.