The Mid-Shore Jurisdiction Option with Crypto Built-In: Welcome to Labuan
Labuan, like many regulated financial jurisdictions, is an island. It is technically a Federal Territory of the country of Malaysia and is an independent tax haven which is quite attractive to many multinational financial enterprises including FX/CFD/Crypto brokers. The territory cannot technically be referred to as an “offshore” jurisdiction as business owners cannot take advantage of a 0% corporate tax rate. Labuan is, therefore, regarded as a “mid-shore” jurisdiction where the rate is higher than 0%.