Angel investor must be accredited by the Angel Tax Incentive Office (ATIO). The investee company eligible for investment must be certified by ATIO. Investment Eligibility Criteria: 1. Investment must be made into a qualified investee companies/start-ups (certified by the Angel Tax Incentive Office); 2. Must not be an immediate family member i.e. spouses, children, parent and grandparent; 3. Shall be for the sole purpose of financing the activities as approved by MoF; 4. Must hold the investment for a period of two (2) years prior to claiming the exemption; 5. Does not disposed of within two (2) years from the date the investment is made; 6. The angel investor must not hold more than thirty (30) percent of the total equity of the investee company; 7. Minimum amount of RM5,000.00 per investment and up to a maximum of RM5000,000.00 investment per annum in total; 8. Shall be a maximum of five (5) investment approvals per annum; 9. Investments made are to be paid in cash and in full and not in-kind; 10. New shares issued and reflected in the Shareholders’ Agreement; 11. The shares issued to the angel investors must be in the form of ordinary shares only. If preference shares are issued, it cannot be converted into a loan or call option but can only be converted into ordinary shares.
Please visit https://www.mban.com.my/membership/angel-investor-membership for further information. Web submission as per link: https://mban.worxflo.com/public_forms/6c87c0xhHrbqjheZ
Tax incentive for angel investors in the form of income tax exemption. The amount of aggregate income exempted is an amount equal to the amount of investment made by the angel investor in the investee (not less than RM5,000 and not more than RM500,000).
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