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Do a quick search on FB just for Hawala, and see which groups, posts etc. pull up. Low-income immigrants routinely use this system to send money back home. if this discussion is off-limits for this forum, please delete and close this thread.

You're right. I have contacts in the Middle East, but Malaysia has been a bit harder to find. Thanks anyway.

Does anyone have any contact for a Hawala Service, between India and Malaysia? Is this something I could learn more about if I had the gold membership? Thanks.

I am in KL right now and I am surprised by your statement. Which part of Malaysia is unsafe? I have compared Dubai, Bangkok and KL after spending a month in each. So far, KL checks off the most boxes for me.

Everything about FZCO is becoming a nightmare (getting a bank account, queries from the bank, audits etc). What if one wants to just live in Dubai and operate a US LLC, are audits and accounting needed then? I already have good banking in place and need a US LLC for my client-facing work in the...

Read up more about CRS - What is the CRS? The Common Reporting Standard (CRS) is a new information-gathering and reporting requirement for financial institutions in participating countries/jurisdictions, to help fight against tax evasion and protect the integrity of tax systems.

I came across this article, and thought it might be helpful to others. https://smartasset.com/taxes/llc-pass-through-tax This is the case no matter how you distribute the LLC's money at the end of each year. This means that even if you leave the company's money in its own bank accounts, the...

As a non-resident of Canada, you pay tax on income you receive from sources in Canada. The type of tax you pay and the requirement to file an income tax return depend on the type of income you receive. Generally, Canadian income received by a non-resident is subject to Part XIII tax or Part I...

People throw around the term "foreign income" casually. Generally, only passive foreign income like pensions or dividends would be tax free. Any active enterprise or employment, where the work is performed in a given country, is locally sourced income for that country, and taxable in the country...

24% tax in Malaysia, if you do everything legally, correct? It looks like they don't come after foreign income/expats yet, but things might change in 2026. Not sure about how serious the enforcement of the new laws on foreign income would be. I am going to KL next month, and spending a month there.

Use "friends" in places like Dubai/Bahrain where there is no personal income tax as employees. They invest this money on your behalf, or "loan" it back to you for you to invest. Technically, you need to repay this loan at some point but that's way down the road and might not be needed depending...

New mm2h details for Malaysia are out. So far, there is no mention of income requirements, which was the sticky part for me. Could be a good option. https://www.nst.com.my/news/nation/...latinum-gold-and-silver-categories-introduced KUALA LUMPUR: Tourism, Arts, and Culture (Motac) Minister...

Thanks for the input guys. I will let you know what the lawyer says.

I am a newbie for a scenario where a company owns another company, and that was my original question. Maybe I didn't explain it properly. Let me try to rephrase my question: My requirements are 1) Have a US LLC, either owned by me or by an offshore entity owned by me. 2) I should be able to...

I heard you. I think you are missing my point. I need to create substance in Labuan if I were to own a Labuan company. That Labuan company would own the US LLC. The Labuan company will have real employees, office space etc. in Labuan. Without substance, any offshore entity becomes taxable where...

The US company has no effectively connected activities to the US. I have owned such entities for the past 15 years, and have paid 0 taxes in the US, as long as my personal tax residency is in order (0 tax country or territorial country with no enforcement).

Thanks for answering. I am told that I have to create the right substance (which is a requirement in Labuan), to make the entity Labuan entity tax free. I am talking to a lawyer early next week and will update this thread with what I have learned.

The prime minister said the new regulations will be out in 2 months. That was at the end of June. That's Malaysia for you. Has anyone used a Labuan Holding company? Would it be tax-free, even if the UBO lives in Malaysia?

Hey guys, I am a holding company newbie, so let me try to explain what I am trying to do. I am interested in living in Malaysia (Kuala Lumpur specifically), and I am awaiting the new MM2H regulations to apply. I own a Single Member LLC which is sufficient for my business. I am looking at ways...

I am unable to send a PM. Please post here, thanks. I was seeing some conflicting information on what seemed like government websites. Is the $500k minimum and $750 for speedy consideration the latest criteria? Thanks. I was interested in Nassau, mainly for the better connectivity.