With Labuan IBFC’s strategic location in the heart of Asia, it is only natural for many Asian firms to opt Labuan as their domicile. Being close to their home markets as well as located in the same time zone with other major cities in the region, businesses in the Centre can be transacted more conveniently and at competitive costs compared to other markets. Labuan companies also have the added advantage of being able to establish offices anywhere outside of Labuan, provided it meets the substantial activity requirements. Incorporation of Labuan companies in Labuan IBFC is required to be undertaken through a Labuan trust company, which will conduct due diligence on the prospective client. On-line company registration will be done via COR@L System that provides convenience and security to its users with real-time access.