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.