PWC crystal ball for Malaysia in 2050 [email protected] GAME CHANGER Chinas Belt & Road Initiatives 21 ports under China-Malaysia Port Alliance (Sept 2017) Melaka Gateway-East Coast Rail Link-Kuantan Port
High Speed Rail Digital Free Trade Zone (DFTZ) led by Alibaba Asean Economic Community [email protected] C W LOH & ASSOCIATES: [email protected] High Speed Rail Logistics and Trade
Facilitation Masterplan (Masterplan) [email protected] THE 5 STRATEGIC SHIFTS OF MASTERPLAN Strengthening the institutional and regulatory framework Enhancing trade facilitation mechanisms Developing infrastructure and freight demand
Kemama n Port Bintulu Port Penan g Port Port Klang
Johor Port Ports in Malaysi a Port of Tanjung Pelepas
Kuanta n Port [email protected] ESTABLISHING BUSINESS PRESENCE 1. Sole proprietorship 2. Partnership (conventional or limited liability) 3. Locally incorporated company (limited by shares or guarantee / unlimited) 4. Branch of foreign corporation
5. Representative office 6. Labuan offshore company [email protected] LOCAL EQUITY How does it come into play? How does it
affect you? What is Bumiputera ? [email protected] LOCAL EQUITY PARTICIPATION No legislation restricts foreign equity Local equity participation in foreign investment is imposed via administrative / non-legal control
C W LOH & ASSOCIATES: [email protected] EXPATS IN MALAYSIA Key Post Time Post Minimum Paid Up
Capital Minimum Monthly Salary [email protected] REGULATORY FRAMEWORK FOR LOGISTICS SERVICES 1. Freight Forwarding and Customs Brokerage
Services 2. Warehousing Services 3. Land Transport Operations [email protected] SUMMARY ON LOCAL EQUITY PARTICIPATION Logistics Services Local Equity
Freight Forwarding and Customs Brokerage Services Min 51% of Bumiputra Warehouse Services Public bonded Warehouse Min 30% of Bumiputra
Private bonded Warehouse N/A Land Transport Operations License A: Providing to Third Party
License C: For own use C W LOH & ASSOCIATES: [email protected] Min 51% Local incl 30% Bumiputra 100% foreign equity PIONEER STATUS A logistics provider may apply to the Minister of
International Trade and Industry of Malaysia (MITI) for a pioneer status in relation to the provision of integrated logistics services. 5 YEARS TAX RELIEF! [email protected] SUMMARY OF CONDITIONS Activities
Conditions Integrated Logistics Services Warehousing, freight forwarding and transportation + distribution / value added services / supply chain management
To qualify for tax incentive 60% local equity 20 commercial vehicles 5000 m2 warehouse space International Integrated Logistics Services Seamless door-to-door
services as above on a regional or global basis 100% foreign equity allowed C W LOH & ASSOCIATES: [email protected] C W LOH & ASSOCIATES: [email protected] BASIC INVESTMENT LAWS
Companies Act 2016 Labour Law Foreign Exchange Law Land Law
Central Bank of Malaysia: www.bnm.gov.my Free mobility of inflows and outflows of capital for investments: Conversion of foreign currency to ringgit Foreign currency borrowings Ringgit borrowing from licensed onshore banks for real estate Free to repatriate capital, profits, dividends, interest and rental income in foreign currency [email protected]
TYPES OF TAXES Corporate tax Personal tax Withholdin g tax
GOVERNMENT AGENCIES Malaysia Industry Development Authority www.mida.gov.m y Immigration www.imi.gov.my
Companies Commission of Malaysia www.ssm.gov.m y Inland Revenue Board www.hasil.gov.m y
[email protected] C W LOH & ASSOCIATES Loh Chang Woo President, Malaysia China Legal Cooperation Society Advocate & Solicitor | Arbitrator (CIETAC) | Mediator | Notary Public Mobile: +6016 9000 339 E-mail: [email protected]
Business Friendly C W LOH & ASSOCIATES: [email protected] According to World Bank Ease of Doing Business, Malaysia is ranked No.5 in Asia
Talent Pool WEF Human Capital Index 2016- Capacity of Workforce C W LOH & ASSOCIATES: [email protected] The capacity of workforce in Malaysia ranked top 35 out of 130 countries Competitive Business Cost
PwC Cities of Opportunity 7,2016 (Cost pillar) C W LOH & ASSOCIATES: [email protected] Malaysia ranked 5 in PwC Cities of Opportunity 7, 2016 (in Cost pillar) Competitive Business Cost
C W LOH & ASSOCIATES: [email protected] KL has one of the lowest Grade A office rental rates World Banks Doing Business Report 2017 C W LOH & ASSOCIATES: [email protected]
In World Banks Doing Business Report 2017, Malaysia ranked 3rd in protecting minority investors Liveability C W LOH & ASSOCIATES: [email protected] SAVE THOUSANDS AS A MEDICAL TOURIST IN THESE 5 COUNTRIES
Describe a few general principles that can guide the primary care of older adults. ... The good safety and predictable tolerability profile for donepezil 23 mg/d supports its favorable risk/benefit ratio in patients with moderate to severe AD. ... tamsulosin....
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Introductions, Pat Poli. Upper Peninsula Insight, Art Thayer. Upper Peninsula Insight, Brandy Brown. Review of Comments Received, Pat Poli. Questions and Discussion. Upper Peninsula Considerations. Art Thayer: Energy Efficiency Programs Director.
Coelition. Coelition is an open standards organisation that is developing a standard to help classify everyday living. The Classification of Everyday Living (COEL) is a hierarchical taxonomy with 32 top level clusters - currently coding over 7,000 behavioural events
Intrinsic efficacy of ligand. All three inverse agonists stimulation will be reduced to the same degree. Reduction of Stimulation. SR141716A = AM251 = AM281. Extreme ends of range . Stimulation caused by the less potent inverse agonists will be reduced...
Sessionens syften Inse vikten av relationen mellan distrikten och LCIF, Identifiera ansvarsområden och aktiviteter för LCIF:s distriktskoordinator, Stödja LCIF:s distriktskoordinators insatser. GLOBALT SAMHÄLLE Anslag gör att kan tjäna samhället distrikt Lions Clubs International Foundation (LCIF) Vem är LCIF:s distriktskoordinator?
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