Digital Nomads: Very Low Tax In This Hidden Gem Of Malaysia

Today's video is for you Digital Nomads who are open to moving overseas for a more tax-friendly region to run your operation (while also having an amazing lifestyle, with a reasonable cost-of-living). There's a little part of Malaysia called Labaun, which has very favorable tax rates. In today's interview I speak to Lewis from ShareC Consulting, to discuss the specifics. Questions asked: 00:39 - Can you tell us about yourself and your company? 01:58 - How can you get a visa and bring your business here? 02:39 - What kind of businesses fit the Digital Nomad Pass? 03:14 - What is the process to get the paperwork done? 03:45 - What is the time frame to get feedback about your application? 04:00 - What are the main options you offer as a service in your company? 04:48 - How long can you live in Malaysia with the Expatriate Pass? 05:57 - What is the process to register a company in Malaysia? 08:32 - Does your service include assisting expats in getting a business license? 08:58 - How much does it cost to process a license through your company? 11:23 - What is the time frame for getting everything set up? 13:59 - What are some of the advantages of setting up in Labuan? 16:10 - What is the corporate tax rate in Labuan? 18:23 - Can you live in other parts of Malaysia with an employment pass obtained from Labuan? 18:39 - With a Labuan Employment Pass, do you have to keep all business operations within Labuan or can you operate in any part of Malaysia? 20:04 - What are some of the biggest mistakes people make when they try to do the application on their own? 22:58 - How much would it cost to get your services to process everything from setting up the business, employment pass, etc. 23:52 - Can you get multi-currency bank accounts? 24:58 - Does Malaysia tax on foreign-sourced income? 25:16 - What is the corporate tax in the rest of Malaysia? 25:35 - What other services does your company offer? 26:25 - How much would your services cost per year? Email me at [email protected] to get connected to Lewis. And, if you want to learn more about your international options for moving to, getting better tax rates, having a higher standard of living with more freedom, you should consider attending my upcoming 7-day event in June, being hosted in Costa Rica. Reach out to me for details.