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Published on: Wednesday, April 07, 2021 By: Bernama Text Size: Labuan IBFC is the only jurisdiction in Asia which provides for the formation of protected cell companies and this has been the largest growth vertical within the self-insurance industry in 2020. (Image: Labuan IBFC) LABUAN: A leading global trade publication, Captive Review has recently highlighted Labuan International Business and Financial Centre’s (Labuan IBFC) achievement in charting a strong captive growth in 2020, with its total number of captives increasing by 15.4 per cent. The World Domicile Update 2020 report, which canvassed all global jurisdictions offering this form of self-insurance vehicle, confirmed that Labuan IBFC licensed a quarter of all captives in Asia, and Middle East and North Africa (MENA), thereby reinforcing its position as the fastest growing captive centre in Asia.

Roy sharmaFarah jaafar crossbyFinancial centre labuanLabuan international insurance associationLabuan international businessCaptive reviewFinancial centreWorld domicile updateMiddle eastNorth africaInternational insurance associationராய் ஷர்மாநிதி மையம் ளாபுன்ளாபுன் சர்வதேச காப்பீடு சங்கம்ளாபுன் சர்வதேச வணிகசிறைப்பிடிக்கப்பட்டவர் விமர்சனம்