MASTIC

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.