Paid up capital requirements for new companies increasing to RM 250,000
Apr 23rd 2015, 5:08 pm
#1
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Joined: Dec 2014
Posts: 83
Paid up capital requirements for new companies increasing to RM 250,000
Someone who works with new entity formations in Labuan/Malaysia told me that the paid up capital requirements are rising to RM 250,000 for new Labuan Companies as well as work permit renewals for foreigners who are directors of their company. My source is hush-hush about this because apparently it has not been made official yet – has anyone else heard the same?
May 27th 2015, 2:36 am
#2
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Thread Starter
Joined: Dec 2014
Posts: 83
Re: Paid up capital requirements for new companies increasing to RM 250,000
Doesn't seem like there's too much interest in this but I thought I'd update anyways: my contact said the rules were planned on being implemented next year for 2017. But to cut down on fraud companies, they decided to do an immediate rollout. Bad news for me since I don't quite meet the threshold. On the other hand, all the more incentive to save up!
May 27th 2015, 3:29 am
#3
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Joined: Oct 2003
Posts: 38,612
Re: Paid up capital requirements for new companies increasing to RM 250,000
It may not be lack of interest. It may be posters being prudent. Also , I believe from what is written that there are some subject best left unturned. However, that might not be the case for this topic.
May 27th 2015, 3:35 am
#4
¿uo buıob s,ʇɐɥʍ
Joined: Jul 2013
Posts: 1,762
Re: Paid up capital requirements for new companies increasing to RM 250,000
Someone who works with new entity formations in Labuan/Malaysia told me that the paid up capital requirements are rising to RM 250,000 for new Labuan Companies as well as work permit renewals for foreigners who are directors of their company. My source is hush-hush about this because apparently it has not been made official yet – has anyone else heard the same?
Law & Commerce Trust Limited (SimplyOffshore)
About Us
Their website looks more professional than most Labuan Company Set-Up Services.
Maybe you could just give them a call and ask.
Good luck
JC3
