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THIRD SCHEDULE [section 44] A foreign limited liability partnership shall not be regarded as carrying on a business in Malaysia for the reason only that within Malaysia it- (a) is or becomes a party to any action or suit or any administrative or arbitration proceeding or effects settlement of an action, suit or proceeding or of any claim or dispute; (b) holds meetings or carries on other activities concerning its internal affairs; (c) maintains any bank account; (d) effects any sale through an independent contractor; (e) solicits or procures any order which becomes a binding contract only if the order is accepted outside Malaysia; (f) creates evidence of any debt or creates a charge on movable or immovable property; (g) secures or collects any of its debts or enforces its rights in regard to any securities relating to those debts; (h) conducts an isolated transaction that is completed within thirty one days, but not being one of a number of similar transactions from time to time; (i) invests any of its funds or holds property; or (j) import goods only temporarily pursuant to the customs Act 1967[Act 235] for the purpose of display, exhibition, demonstration or as trade samples with a view to subsequent re-exportation within a period of three months or within such further period as the Director General of customs and Excise may in his discretion allow |
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We offer comprehensive Tax Consulting systems maintained by trained accounting professionals. This local service coul...
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Investors, bankers and acquirers rely on Due Diligence as a standard of care during Mergers and ...
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We offer comprehensive Taxation Services systems maintained by trained accounting professionals. This local service could be...