“Individuals often look to the world’s big cities when aspiring to start a business,” said Cabana Worldwide representative Amin Najafizadeh. “But, with the higher expenses those cities bring, these businesses are often playing catch-up from the start. Cabana Worldwide can help these same companies establish their business with lower property costs and tax breaks. And, every day we are witnessing a shift to a greater global market, so there is really nothing to lose by working from somewhere like Malaysia.”

There are two paths to choose from when starting a business in Malaysia. These options determine what type of business the company can conduct in Malaysia; how to apply; and the bonuses available.

Representative (Regional) Office

The regional office option allows a company to have legal entities (employees) in Malaysia who receive work permits without paying penalties or corporate tax from the Malaysian government. However, the company must keep its original clientele and can not conduct business or invoice for products or services to Malaysian citizens.

Applying for regional status requires approval by the Malaysian Industrial Development Authority (MIDA), and can take three to six weeks. Approval is granted for two years, and permits can be renewed for eight year extensions. Often, the Malaysian government will renew applications when a company shows the potential to establish private-limited status, which allows companies to offer services in Malaysia notes Najafizadeh.

“The process of applying for a regional permit is not complicated,” said Najafizadeh, “but communications can often be difficult. Some of the biggest problems I have seen from companies trying to establish a regional status without aid is that they often miss a simple step because of miscommunication. This is where a company like Cabana Worldwide can be a crucial third-party member and get companies off on the right track.”

Private Limited (Sdn. Bhd.)

This is the second option, where companies establish full-services status in Malaysia. With a private limited permit, companies can offer services from Malaysia and to Malaysian customers.

Approval commonly takes up to one week by the Company Commission of Malaysia (CCM). After approval, the prospective company will need at least two directors. Also, companies must meet certain criteria as deemed by the Malaysian government. These requirements vary depending on the type of company applying. Also, in certain circumstances companies may be asked to bring in local Bumiputera partners. Then, once a capital investment is paid, usually ranging from 500,000 to 1,000,000 Ringgits ($142,500 to $283,000 US), the company is free to operate.

“It is imperative for companies to know exactly what types of services they are applying to provide, and even more importantly, the company has to file its application accordingly,” said Najafizadeh. “We save companies hundreds-of-thousands of dollars just by guiding them through the process of properly applying for their permits.”

Offshore

Offshore accounts can benefit companies and individuals looking for offshore banking and investing, insurance, captives, trust business, fund management, investment holding, company management, or Islamic financing.

The benefit to holding an offshore account is that when a company holds its funds under non-trading status, the capital is not qualified to be taxed. Non-trading accounts can be monies held in securities, stock, shares, loans, deposits, and immovable properties.

MM2H

In addition to company formation and offshore accounts, Cabana Worldwide assists its clients in obtaining long-term visas. Through the government’s Malaysia My Second Home (MM2H) program, individuals can obtain a 10-year visa that also grants family members passage into Malaysia and provides tax benefits.

“My second home Malaysia program is a wonderful government initiative that opens the doors to this beautiful country to foreigners,” said Najafizadeh. “Malaysia has so much to offer all walks of life. From entrepreneurs to retirees, Cabana Worldwide provides services to help anyone and everyone enter Malaysia with a readiness to succeed and enjoy the country.”

Learn More

If you would like to learn more about Cabana Worldwide and its program and services, visit: http://www.cabanaco.com/, email: info@cabanaco.com, or call: +603 23002485

Cabana Worldwide

Cabana Worldwide is a company established by property and business consultant professionals with a clear vision of how to provide world-class services. The group, having its substantial presence in Malaysia (Kuala Lumpur) and Dubai has an excellent understanding of local economies, laws, and procedures. This enables Cabana Worldwide to provide full assistance throughout every step of our service programs.

Cabana Worldwide specializes in property and business consultation, and aims to establish itself as the market leader in international business and property consultation. Due to the vast experience and resources at the disposal of our staff, the company is able to offer clients assistance in all aspects of property consultation, property management, offshore and (Sendirian Berhad) company formation, financing consultation, and the MM2H Program in Malaysia.

Cabana Worldwide strives to help its clients excel and our people respond successfully to an ever-changing business environment. We also look to remain competitive and deliver premium services to our clients. Cabana Worldwide draws on the unparalleled expertise of its staff and aims to over-deliver on results.

© 2009 Sinai Marketing Authorization to post is granted, with the stipulation that Sinai Marketing and Master Free SEO Google are credited as sole source. Linking to other sites from this press release is strictly prohibited, with the exception of herein imbedded links.

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The Malaysia second home program is sanctioned by the Malaysian government and provides several benefits to the applicant. According to www.mm2h.gov/my, in addition to filling out the MM2H application, new applicants are required to provide a resume, a copy of his or her passport, letter of conduct from his or her government, marriage certificate (if applicable), birth certificate, bank statements, certified income statements, and more. Also, applicants have to provide proof of asset levels. These asset level requirements vary upon age and other criteria established by the Malaysian government.

Many individuals looking to establish themselves in Malaysia find it difficult to handle the application process, especially when it comes to property laws for non-citizens and taxation says Amin Najafizadeh of Cabana Worldwide.

“Things can get pretty complicated when moving from one country to another,” said Najafizadeh. “Keeping up with the application process,

collecting the proper materials for the application, and filing the application correctly can become a daunting task. Fortunately, Cabana Worldwide can help businesses and individuals looking to enter Malaysia get established with minimal hassle and without worry. We make sure our clients are 100% ready to enter Malaysia, and we know how to get them a few bonuses along the way.”

Through the MM2H Malaysia program, Cabana Worldwide can help clients to a 10-year long-term social visit pass, which also allows a visa holder’s family into Malaysia automatically if they are below 21. Also, the applicant’s spouse is admitted without question and parents are admitted as dependants as long as they are over the age of 60.

“One of the great things about MM2H is that the visa holder can bring his or her family to Malaysia with very little trouble,” said Najafizadeh. “It is a great feeling to not only help our clients enter beautiful Malaysia, but to help them bring their entire family along for the incredible journey.”

When starting out in Malaysia, MM2H visa holders will also benefit from considerable advantages when applying for a housing loan. Applicants can be approved for a loan up to 85% of the property’s value, whereas non MM2H foreigners receive 60%. This means that non MM2H foreigners have to pay 40% of the property value up front, whereas MM2H visa holders pay 15%.

“The housing loan reductions alone are reason enough to apply for a MM2H visa,” said Najafizadeh. In addition to the loan breaks, MM2H holders will not need the Foreign Investment Committee’s (FIC) approval, and all property deeds are wholly registered under the foreigner’s name.

MM2H visa holders are also allowed to import a vehicle within the first six months of being awarded the visa. Importing an automobile under MM2H provides exemptions from import duty, excise duty, and sales tax payments upon receiving an approved permit (AP). Applicants can also purchase a vehicle in Malaysia within the first year of receiving the MM2H visa and benefit from sales tax and excise duty exemptions.

Perhaps the biggest benefit of the MM2H program is the lack of taxation on income, notes Najafizadeh. Under this program, visa holders will not be liable to pay income tax to the Malaysian government for income received overseas.

“Many people think that countries of South East Asia such as Malaysia are inaccessible or backwards,” says Najafizadeh. “Cabana Worldwide is showing the world that Malaysia is a diverse, verdant country with so much to offer its citizens and foreigners, one client at a time.”

Regulations of the MM2H program, including loan rates and tax exemptions may vary per applicant. For more information on the MM2H program, visit the Cabana Worldwide Web site at http://www.cabanaco.com/.

In addition to MM2H consultation, Cabana Worldwide offers help to those looking to rent, buy, or sell property in Malaysia. The company also provides assistance for people looking to establish a company in Malaysia or offshore formation. On the company Web site, Cabana Worldwide also provides information on Malaysia’s tourism attractions and other information about the country.

Learn More

If you would like to learn more about the MM2H Malaysia program or the other programs available through Cabana Worldwide, visit: http://www.cabanaco.com/ , email: info@cabanaco.com, or call: +603 23002485

Cabana Worldwide

Cabana Worldwide is a company established by property and business consultant professionals with a clear vision of how to provide world-class services. The group, having its substantial presence in Malaysia (Kuala Lumpur) and Dubai has an excellent understanding of local economies,laws, and procedures. This enables Cabana Worldwide to provide full assistance throughout every step of our service programs.

Cabana Worldwide specializes in property and business consultation, and aims to establish itself as the market leader in international business and property consultation. Due to the vast experience and resources at the disposal of our staff, the company is able to offer clients assistance in all aspects of property consultation, property management, offshore and (Sendirian Berhad) company formation, financing consultation, and the MM2H Program in Malaysia.

Cabana Worldwide strives to help its clients excel and our people respond successfully to an ever-changing business environment. We also look  to remain competitive and deliver premium services to our clients. Cabana Worldwide draws on the unparalleled expertise of its staff and aims toover-deliver on results.

© 2009 Master Google Marketing and Cabana Worldwide. Authorization to post is granted, with the stipulation that Sinai Marketing and Master Google are credited as sole source. Linking to other sites from this article is strictly prohibited, with the exception of herein imbedded links.

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