Labuan officially the Federal Territory of Labuan is a federal territory of Malaysia. It is made up of the eponymous Labuan Island and six smaller islands, and is located off the coast of the state of Sabah in East Malaysia. Labuan's capital is Victoria and is best known as a financial center offering international financial and business services via Labuan IBFC since 1990 as well as being an offshore support hub for deepwater oil and gas activities in the region. It is also a tourist destination for people travelling through Sabah, nearby Bruneians and scuba divers. The name Labuan derives from the Malay word labuhan which means harbour. Labuan is often referred to as the pearl of Borneo.
Labuan boasts a robust and internationally recognised regulatory framework, with a strong focus on insurance and risk management. The domicile also has a broad range of entities and business and investment structures to cater to crossborder transactions, business dealings and wealth management needs. In the risk management sector, the Labuan landscape is dotted with various licensed entities, from insurers, reinsurers and underwriters to managers numbering more than 200 licensed entities alone.
Labuan offers global investors and financial services providers a competitive tax structure and various tax exemptions, as well as access to the majority of Malaysia’s extensive network of more than 80 double-taxation treaties. In addition, Labuan is a cost-efficient, substance-enabling jurisdiction with an English speaking and well-educated work force.
EMG RE is one of many Reinsurance Companies registered in Labuan International Business and Financial Centre. The company was established in 2013 and has a license from Labuan FSA.