Malaysia is a Southeast Asia nation and founder member of the ASEAN. Its territory is divided into two regions by the South China Sea. Malaysia’s Peninsular is located in the Malay peninsula and is bordered to the north by Thailand and to the south by Singapore. East Malaysia is located in the northern part of Borneo and is bordered to the south by Indonesia and to the north by Brunei. It has a population of 30 million inhabitants. Its capital and most populated city is Kuala Lumpur, with 2 million people and more than 7 million in the whole metropolitan area. Its official language is the Malay, although, as a former British colony, English is widely spoken, and around 30% of its population is from Chinese origin. Besides Tamil and other 7 regional languages. Its official currency is the Malaysian Ringgit (MYR).
Malaysia’s economy is the fourth largest of Southeast Asia, and the third on per capita income, after Singapore and Brunei. Malaysia has large reserves of natural resources as tin, petroleum and to a lesser extent natural gas. While, natural rubber, palm oil, cocoa, pepper, pineapple, timber and tobacco are its most exported agricultural and forestry products. Regarding the industrial sector, Malaysia exports high technology products in areas such as electronics, automotive and construction. Tourism, both domestic and international, plays an important role in the economy, with an average of 25-30 million international visitors per year.
The financial sector in Malaysia is considerably large, and mostly concentrated at Kuala Lumpur, and also at the Labuan International Business and Financial Centre, located in the Federal Territory of Labuan. This special economic zone houses more than three hundred financial institutions and thousands of international companies, which benefits from an advantageous tax regime (3% on profits or a RM20,000 flat fee, in addition of several tax exemptions) and business-friendly policies.
Flag Theory is a strategic internationalization process, aiming at diversifying your personal finances and business, to increase your freedom, privacy and wealth. Below, you can find why and how to set up a company in Malaysia and Labuan, banking options and investment opportunities, and how to get residency and citizenship in this Southeast Asia nation.
Massive legislation changes affecting Offshore Tax Regimes and Economic Substance Requirements Massive change has swept the offshore industry lately, largely as a result of pressure from the EU and the OECD. As a result of
Where to set up an international business - Part 2: Asia Flag Theory Weekly Letter – Friday, November 23rd, 2018 In the previous letter, we discussed how international businesses can take advantage of structuring opportunities
Labuan - The best 'unknown' place to set up a crypto startup [UPDATE - January 2019 - On January 15th 2019, Malaysian's Capital Markets and Services (Prescription of Securities) (Digital Currency and Digital Token) Order 2019
What is the best offshore jurisdiction? Before yesterday we talked about why corporate structures using offshore companies are powerful tools to legally minimize your obligations to governments, protect your assets, enhance your privacy and grow
Top countries to make the most of your retirement (and have a high quality of life) Retirement visa programs, cost of living and taxes Retiring overseas is a growing trend among Westerners. There are several
Labuan Offshore Financial Centre: Southeast Asia's Best-Kept Secret Labuan's Financial Centre, Pulau Labuan, Malaysia Labuan, situated off the coast of the Malaysian state of Sabah on the island of Borneo, is a well-kept offshore secret.
What is Dual Citizenship and Why is valuable? What is Dual Citizenship? Dual Citizenship / Nationality is a citizenship status in which an individual is a citizen of more than one country at a time. Why
Complete list of countries to obtain citizenship by naturalization Most countries around the world allow for persons who have lived in a country for a certain period of time to apply for naturalization. It's only
Visas and Second Passport Updates We live in a world where very little is constant. With the changes in technology, slow-moving governments are struggling to keep up. And the bigger the government, typically the slower