According to Malaysia Co. Laws,the122
Article, the
directors must have principal place
of residence in M'sia.
The requirement of paid up capital is flexible in Malaysia, but the paid up capital must reach RM250,000 (approx. USD68,000) then can apply the working permit for foreigners who want to work in Malaysia.
FIZ production or not less than 80% of their products are meant for export.
The products in Malaysia and the goods imports must have sales tax.
5 years of tax exemption incentive only apply for promoted products and activities.
Company tax is reduced to 27% in 2007. Paid up capital less than 2.5million tax is 20% ( 1st 500k of profit).
According to Malaysia Co. Laws,the122 Article, the directors must have principal place of residencein M'sia.The requirement of paid up capital is flexible in Malaysia, but the paid up capital must reach RM250,000 (approx. USD68,000) then can apply the working permit for foreigners who want to work in Malaysia.FIZ production or not less than 80% of their products are meant for export.The products in Malaysia and the goods imports must have sales tax.5 years of tax exemption incentive only apply for promoted products and activities.Company tax is reduced to 27% in 2007. Paid up capital less than 2.5million tax is 20% ( 1st 500k of profit).Your personal tax rate is 1%-28% if you lived over 182 days in Malaysia: 1%(less2,500MYR); 3 (2,501-20,000MYR); 7% (20,001-35,000MYR); 13% (35,001-50,000MYR); 19% (50,001-70,000MYR); 24% (70,001-100,000MYR); 27% (100,001-250,000MYR); 28% (Over 250,000MYR). |