Labuan is quickly becoming a hub for international companies setting up backoffice operations. Key advantages include: experienced backoffice staff at around USD 1,200/month; a multilingual workforce (Malay, English, Chinese); affordable office rents; access to major banks including MayBank and SBM Bank; and a tax rate of 3% on trading activities (0% for non-trading).
Notable companies with Labuan operations: Deriv (FX) Ltd, TMF Group, Nexus Group, Challenge Group, Tricor Group, and KJ Group.
For international groups seeking cost-effective, compliant backoffice structures in Southeast Asia, Labuan is an increasingly attractive choice.