- Round The World Travel Video Adventure. br br I speak with Peter Searle from about why Labuan Island, Malaysia is one of the best places in the world to set up an international company. br Labuan Island is an International Business and Financial Centre. It has numerous double tax agreements with countries such as Australia and provides benefits to international business including '3 tax on net audited results or a flat rate of Malaysian Ringgit (MYR) 20,000 to trading companies; low operational costs; liberal exchange controls; and a host of other advantages including readily available, experienced and professional service providers.