The Qatar Financial Centre Authority (QFC Authority) has signed a Memorandum of Understanding (MoU) with Labuan IBFC Inc, to develop long term cooperation and boost economic and financial sector ties between the two financial centres.
The MoU, which Mr Yousuf Mohamed Al-Jaida, QFC CEO, and Ms Farah Jaafar-Crossby, Labuan IBFC Inc CEO, signed on 15 April 2021, entails a commitment to collaborate on certain objectives including, but not limited to, marketing, awareness activities and identification of mutually beneficial initiatives.
Under the structure of the agreement, QFC and Labuan International Business and Financial Centre (Labuan IBFC) commit to exploring a mutually beneficial framework to allow relevant financial institutions in Qatar to operate in Labuan IBFC and allow relevant financial institutions in Labuan IBFC to operate in the QFC, subject to the approval of all competent authorities. Both financial centres also agree to collaborate on financial sector domains, such as
Labuan International Business and Financial Centre (Labuan IBFC) has signed a Memorandum of Understanding (MoU) with the Qatar Financial Centre Authority (QFC) in an agreement designed to strengthen financial ties between the two centres.
Alpadis Group is a Swiss-based business that delivers multi-jurisdictional corporate and bespoke private client services. It is headquartered in central Zurich and has a strong and growing presence in Asia through offices in Singapore, Hong Kong, Malaysia (Kuala Lumpur and Labuan) and Thailand. The Swiss firm was founded in 2005 by a small team of seasoned experts in wealth planning and remains independent and privately-owned to this day. Alpadis Group works closely with corporate clients, entrepreneurs, business owners, HNWIs, UHNWIs, and family offices. The specialists in the firm consist of seasoned and experienced experts, many of whom are members of national and international professional bodies, providing the full range of corporate services that ensure full compliance of the structures set up under their clients’ mandate and managed by Alpadis Group across different jurisdictions, as well as services to private clients to protect and consolidate their wealth and meet their g
Published on: Wednesday, April 07, 2021
By: Bernama
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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.
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Growth in Digital Family, testament to the
jurisdiction s progressive approach in embracing the digital
revolution
Kuala Lumpur, 10 December 2020 –
Labuan International Business and Financial Centre (Labuan IBFC)
continues to attract new business innovations and opportunities as
evidenced by the influx of digital financial service providers
revolutionising its financial offerings. This segment has grown significantly in the last four
years in tandem with our aspirations to have the market embrace
digitalisation as the future of conducting business, said
Labuan Financial Services Authority (Labuan FSA) Director-General,
Datuk Danial Mah Abdullah at the second Connecting Digital