Am I eligible for the ECF tax exemption if my ECF investment is held in a nominee company?
Yes, you are eligible for the tax exemption (subject to conditions stipulated in the Tax Exemption Order), provided the nominee company is:
- Incorporated under the Companies Act 2016;
- Resident in Malaysia; and
- Established by an ECF operator in Malaysia to receive investments from a qualifying individual for investment purposes through an equity crowdfunding platform into an investee company.
For more information, please refer to the Guidelines on Recognized Markets here.
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