Malaysia to Boost Venture Capital With Tax Incentives (1)

Malaysia is dangling new tax incentives to investors to boost its venture capital industry, according to Second Finance Minister Amir Hamzah Azizan.

The government is offering a concessionary tax rate of 5% for up to 10 years for eligible funds investing at least 20% of their money in local startups, Amir said on Tuesday. It is also offering a 10% tax rate for venture capital and private-equity management companies. This incentive now extends to onshore limited-liability partnership structures registered with the Securities Commission, further broadening the investor base to deepen the available pool of capital for local startups, he said. ...