LABUAN – New Directive On Labuan Company Trading In Non-Petroleum And Related Commodities

With effect from 1 March 2018, Non-Petroleum and Non-Petroleum-Related commodities shall no longer be classified as qualifying commodities under the GIFT programme.

In this regard, no new licences shall be issued for the trading of Non-Petroleum and Non-Petroleum-Related commodities in Labuan.

For more information, please contact Emily Liew at emily.liew@kensington-trust.com  or Lay Leng Ng at layleng.ng@kensington-trust.com.