How Do You Set Up A Labuan Trust?
Since it was established in the early 1990s, the Labuan Offshore Financial Services Authority (LOFSA) has become one of the world’s premier investing centers. It was not until 2002 that Labuan became a large world center for Islamic banking and finance. In 2006, the Labuan International Offshore Financial Center (IOFC) became home to hundreds of financial institutions that provide a large range of conventional and Islamic financial items, including trusts. Establish a relationship with an estate-planning attorney who deals with the setup of Labuan trusts on a regular basis. These specialty attorneys have a better understanding and knowledge of offshore trusts than the average general practitioner attorney. Complete the proper documents for the setup of your trust (provided by your investment manager and reviewed by your attorney), including a private placement memorandum or public prospectus. While waiting on approval or consent from LOFSA, different funds require different paperwork b
