Labuan is Asia’s premier International Offshore Financial Centre (IOFC). It is one of the few integrated offshore financial centres established in the vicinity of developing economies in Asia. The Island offers a full range of offshore financial services including offshore banking, Islamic banking, offshore insurance, trust business, investment holding, mutual funds, investment banking and management services.

Its success as a progressive International Offshore Financial Center in Asia further boosts 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. Raw materials and components used in manufacturing can be brought in and exported free of duty and taxes. The easing of custom control allows many profitable entreport activities to be conducted freely in Labuan. Shipbuilding, ship repair, oil and gas are among the main economic activities on the island. Other fast growing sectors include banking and finance, tourism and education.

“Malaysia - My Second Home” program allows people from all over the world, who fulfill certain criteria, to stay in Malaysia as long as possible on a social visit pass with multiple entry visa. The social visit pass is issued initialy for a period of 5 years and is renewable.

Applicant may make their application or forward their enquiries to any of the following places:

Malaysia My Second Home Centre

Ministry of Tourism Malaysia c/o Tourism Division

Level 23B, Menara Dato Onn, Putra World Trade Centre

45 Jalan Tun Ismail, 50695 Kuala Lumpur, Malaysia.

Tel: +603-2693 7111       Fax: +603-2693 2399

Shoppers around the region will enjoy the duty-free shopping here. Textiles and ready-to-wear fashions are much sought after, as well as leather bags and shoes, wallets and belts. There is a wide range of perfumes, cosmetics and skin-care items and electrical and electronic goods. Liquors and beers, wine and tobacco are also popular shopping list items. And not forgetting the chocolates and candy.

It is happy hours all day long on this island. Visitors will appreciate the duty free price of drinks at the many pubs and lounges around the town. Check out the Pantai Lounge and the Pool Deck and Bar at the Manikar, Someplace Else fun pub at Sheraton, Anchorage Karaoke Lounge and the Sunset Bar at the Waterfront Hotel and Cheers Pul at Tiara. Not forgetting the Yacht club, Golf club, coffee shops and pubs.

Labuan is famous for its fresh sea food cuisine, compliments of the South China Sea. Succulent prawns, crabs, squid, fish and shells are harvested daily for the kitchens of the many hotels and restaurants that serve delicious fresh sea food dishes. One may order grilled prawns and steamed fish, spicy squid and chilly crabs and mouth-watering shellfish. There are also restaurants that specialize in Malaysian, Chinese and Western cuisine.