Labuan has everything one would expect of a tropical island. Surrounding coral reefs provide a glimpse into the fascinating and delicate marine eco-system. Secluded beaches on nearby islands offer quiet solitude. Shipwrecks promise the thrill of danger for expert divers. Lovers of sea sports can enjoy an increasingly wide range of water sports and recreations. As a duty-free port, Labuan is a haven for branded imports. Local customs and traditions, monuments and memorial parks, reflect the rich history of this island. From world-class resorts and five star hotels to broadband telecommunications, Labuan is well equipped to serve as a venue for corporate meetings, incentives, conventions and exhibitions. Its success as a progressive International Offshore Financial Center in Asia further boosted the island’s appeal among the world’s rich and famous. As a duty free island, Labuan enjoys many special privileges and facilities. Besides great bargain shopping, the island offers plenty of business and investment opportunities. It has similar status with other free trade zones in Malaysia. They allow raw materials and components used in manufacturing to be brought in and exported free of duty and taxes. Such easing of custom control allows many profitable entrepot activities to be conducted freely in Labuan. Shipbuilding, ship repair, oil and gas are among the main industrial activities. Other fast growing sectors include banking and finance, tourism and education. | 
