LOFSA, the Labuan Offshore Financial Services Authority, was established in 1996 as Malaysia's single regulatory agency or a one-stop agency for the offshore industry. There are 127 offshore banks, nearly 53 insurance and insurance related companies and 21 trust companies as well as numerous legal and accounting firms registered in Labuan by LOFSA.
LOFSA handle applications for licenses from investment companies and financial institutions wishing to make use of the benefits associated with Labuan.
So what does LOFSA mean to expatriates investing with Montpelier? Quite simply LOFSA have deemed Montpelier fit and proper to conduct offshore investment services from Malaysia.
LOFSA are the compliance and complaint regulator hence the importance of only dealing with companies who are licensed. For a full list of who is and is not licensed, please refer to the LOFSA website
Montpelier (Labuan) Ltd is licensed by the Labuan Offshore Financial Services Authority to conduct offshore investment services. Company registration no. LL01844 and Offshore Insurance Broker License no. B.S. 990016.
