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Malaysia

Malaysia Flag

Country: Malaysia
Region: Asia-Pacific
Currency: Ringgit (MYR) (RM)
Languages: Malaysian, English
Time Zone: UTC +8

Phone Code: +60

Communications: Good

Formation Cost: 2500 - 5100 USD$
Formation Time: 16 - 26 days
Maintenance cost: 700 - 1300 USD$

Executive Summary: Malaysia is located in South East Asia and occupies the lower third of the Malaysia peninsula, with Thailand to the north, and the northern section of the island of Borneo, bordering Indonesia. The population is just under 30m and the ethnic mix consists Malay (50%), Chinese (24%), indigenous (11%) and Indians (7%). Malaysian is the official language, but English and Chinese are widely spoken. Malaysia is classed as a middle-income country, and its economy relies heavily on low value, high volume manufacturing and natural resources such as rubber, palm oil, and petroleum. The currency is the Malaysian Ringgit (MYR), and in mid-2013 USD1 = MYR3.19. There are no capital controls. It is the Government’s aim to achieve “high income” status by 2020 and recalibrate the economy towards more high-value activities such as high-tech manufacturing and financial services. The current Government has taken steps to liberalize certain economic sectors, and foreign investment is welcome. There are attractive fiscal incentives in place for certain “promoted activities” and headquarter companies.

Suitable for: Wealth Management, Treasury Management, Banking, Insurance, Fund Management, Shipping, Aviation, Yachting, Holding Companies, E-commerce, Property Ownership
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Company Purpose Stats:

Wealth Management:

 

Treasury Management:

 

Banking:

 

Insurance:

 

Fund Management:

 

Shipping:

 

Aviation:

 

Yachting:

 

Trading Companies Goods:

 

Trading Companies Financial:

 

Intellectual Property:

 

Holding Companies:

 

E-Commerce:

 

E-Gaming:

 

Property Ownership:

 
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Vehicle Types: Limited liability companies, branches, trusts, sole proprietorships, joint ventures, general partnerships and limited partnerships

Capital primary business districts: Kuala Lumpur, Putrajaya

Good Relationships: China, India, Indonesia, Japan, Labuan, Singapore, United States

Bad Relationships: Cuba, Iran, Korea (Democratic People's Republic of), Libya, Somalia

Tax Burden - Business: Light

Tax Burden - Individual: Light

Headline tax rates: CIT 20%-25%, PIT 2%-26%, VAT 0%

Treaty Jurisdictions: Albania, Australia, Austria, Bahrain, Bangladesh, Belgium, Brunei, Canada, China, Croatia, Czech Republic, Denmark, Egypt, Fiji, Finland, France, Hungary, India, Iran, Ireland, Italy, Jordan, Kazakhstan, Kuwait, Kyrgyzstan, Laos, Lebanon, Malta, Mauritius, Mongolia, Morocco, Myanmar, Namibia, New Zealand, Norway, Pakistan, Papua New Guinea, Philippines, Poland, Qatar, Romania, Russia, San Marino, Saudi Arabia, Singapore, Sri Lanka, Sudan, Switzerland, Syria, Taiwan, Thailand, Turkey, Turkmenistan, United Arab Emirates, United Kingdom, Uzbekistan, Venezuela, Vietnam, Zimbabwe

TIEA Jurisdictions: Bermuda

Information Links:

 

 

 

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