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31.10.15

25th anniversary of Labuan International Business and Financial Center

25th anniversary of Labuan International Business and Financial Center
Labuan International Business and Financial Center (IBFC) offers its investor a great deal of midshore jurisdiction benefits, including regulatory and tax structure advantages.
25th anniversary of Labuan International Business and Financial Center 25th anniversary of Labuan International Business and Financial Center

For years Challenge Group has been growing its presence in the jurisdiction, offering comprehensive company management and captive services. On 30th October Labuan IBFC celebrated its 25th anniversary as a financial center that connects Asian economies.

George Lavrishchev, Tatyana Solomatova and Erich Nicholas from Challenge Group were delighted to congratulate our partners in person and attend the conference. The focus of the event was on how key developments in Asia will shape global economy as well as the future of international financial centers. The report concluded that all business sectors show strong performance, including the insurance sector. Labuan IBFC continues to develop and grow as a comprehensive platform which links trade and investments in the region. The event was concluded with a marvelous gala dinner, joining together over 500 industry practitioners.