Angel Tax Incentive Nationwide Road Show: Northern Series - Penang, 9 July

Warm Greetings! In conjunction with the recently launched Angel Tax Incentive, Cradle Fund Sdn Bhd (Cradle) in collaboration with Small and Medium Enterprises Association (SAMENTA) and KiniBiz will be organising a talk to introduce and promote this incentive to all relevant parties such as angel investors and technology based start-up companies. The Angel Tax Incentive was announced during the 2013 National Budget by the Government and is designed for angel investors to be accorded a tax deduction of up to RM500,000 in the third year of shareholding period. The idea of this incentive is to stimulate and encourage angel investments from the private sector into technology based start-up companies in Malaysia. The participation of an angel investment as an alternative source of funding is crucial to promote the innovative products produced by the start-ups to a much higher level. Our nationwide road show began in April 2013 and will continue to take place in different states every month. For all the road show schedule, please click HERE. Today, we would like to invite you to the Angel Tax Incentive talk at Penang Skills Development Centre on 9 July (Tuesday), 9.00am - 12.15pm. Programme: 9.00 am     Registration & Networking 10.00 am   Welcome remarks by President of SAMENTA,                   Mr. Koay Chiew Guan 10.05 am   Presentation on Angel Tax Incentive 10.50 am   Q&A 11.15 am   15 minutes: "Angel Speaks" (Knowledge Sharing Session) 11.30 am    Q&A 11.45 am    Networking and refreshments 12.15pm     End		In collaboration with:     presents: Angel Tax Incentive Nationwide Road Show: Northern Series on 9 July, Tuesday 9.00am - 12.15pm at Smart Centre PSDC Penang Skills Development Centre 1, Jalan Sultan Azlan Shah Bandar Bayan Baru Bayan Lepas 11900 Penang
Only 50 seats available! RSVP your attendance NOW! Registration closes at 1.00pm, 6 July 2013. IMPORTANT: As only 50 seats are available, reservations will be accepted on a first-come-first-serve basis. Any communication received after the stipulated deadline will not be accepted. Seats will only be reserved upon your confirmation to attend the event. We do not encourage walk-ins or last minute reservations.		REGISTER HERE!
Eligibility Criterias: For Angel Investors: You must be a tax resident in Malaysia; and You are either considered a High Net Worth Individual or High Income Earner High Net Worth Individual – Total wealth or net personal assets of RM3 million and above or its equivalent in foreign currencies; or High Income Earner – A gross total annual income of not less than RM180,000 in the preceding twelve (12) months; or jointly with one's spouse, a gross combined total annual income of RM250,000 in the preceding twelve (12) months. For Investee Companies: It has to be a minimum 51% Malaysian owned; It must be a Sdn Bhd company, incorporated in Malaysia and resident of Malaysia; Your company's core business must be in qualifying activities as approved by the Ministry of Finance (MoF) under the focus areas of investment (please refer to the next section); A cumulative revenue of less than RM5 million and has been in operation for three (3) years or less (based on the latest financial year result upon application); and The company must not be wound-up and/or in liquidation.
Should you have any enquiries or need more information with regards to this event, please feel free to send an email to cip@cradle.com.my or call Diyana at 03-21664730 ext.: 113. Hurry! Seats are limited!   REGISTER NOW! We look forward to hearing from you!   Warm Regards, Events Team