 | New Tax Break For Startup Investors Attracts Financiers in Malaysia |
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Malaysia’s efforts to encourage initial funding into startups may take years to win wider appeal, although a tax break announced recently could help attract some investors. In September, Malaysia’s government announced tax breaks for individuals that take at least a 30% stake in startup companies for two years. It also recently launched a trade body to accredit and educate potential angel investors, who unlike venture capitalists, invest their own funds. While the government-run Cradle Fund Sdn. Bhd., which has 150 million ringgit ($49.6 million) under management, invests in startups in the country, Malaysian entrepreneurs seeking early-stage capital usually flock to neighboring Singapore. http://blogs.wsj.com/deals/2013/01/09/new-tax-break-for-start-up-investors-attracts-financiers-in-malaysia/ SOURCE: WSJ.com |
