Labuan IBFC License
About that Country :
Labuan is an island and a Federal territory of Malaysia. It is located in the South China Sea at the northwest coast of Borneo, north of Brunei and south of Kota Kinabalu, the capital of the state of Sabah.
For various financial services Labuan Malaysia offers one of the strongest regulatory frameworks and taxes in Labuan are comparatively low (3%).
For starting money broking business in Labuan, it is required to obtain a license from Labuan Financial Service Authority (FSA).
3% of audited profits or fixed price per year MYR 20 000 (based on company’s preference can be chosen on or the other)