LABUAN FACTSHEET
Fast Facts
| Labuan | Federal Territory of Malaysia consisting of seven (7) islands |
| Location | Off the North-West of Borneo and approximately 10 km from the Malaysian State of Sabah |
| Land Area | Approximately 95 sq km |
| Highest Point Above Sea Level | 85 meters above sea level |
| Vegetation | 70% of the island is covered with vegetation |
| Time Zone | 8 hours ahead of Greenwich Mean Time (+0800 GMT) and 16 hours ahead of US Pacific Standard Time |
| Climate | Tropical with an average temperature of 30 degrees Celcius free from hurricanes and typhoons |
| Population | 100,000 (2017) |
| Language | The National language is Bahasa Malaysia while English and Chinese are widely spoken. English is commonly used as business language |
| Travel by Air | Direct flights are available from Kuala Lumpur and Kota Kinabalu, the state capital of Sabah via Malaysia Airlines, Air Asia and Malindo Air |
| By Sea | Fast ferry services from Kota Kinabalu and Brunei |
| Getting Around | Excellent road network in Labuan Island and a round-island drive takes approximately 90 minutes. Easy with metered taxis, e-hailing services and self-driven or chauffered cars are also available for hire |
| Currency | Malaysian Ringgit (MYR) |
Labuan, a mid-shore jurisdiction off the coast of Sabah (North Borneo), is an emerging white horse that everyone has begun seeking into political stability and also business environmental friendly in the Southeast Asia region.
The island of Labuan was designated to be a free trade zone and financial centre in 1990. Its low taxes, double taxation agreements, robust legal system, Shariah-compliant financial products and services, and adherence to international best practices and standards, makes the Labuan International Business and Financial Centre (Labuan IBFC) an attractive investment destination.
The favourable tax regime means ZERO Tax is payable on non-trading activities and Labuan trading activities are taxed at 3% of net audited profit.
Being one of the federal territories of Malaysia, Labuan offers excellent and internationally accepted laws and structures for investment holding, funds, leasing, shipping, insurance, banking, trading and wealth management activities.