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Forwarding Enquiry: Foreign Entrepreneurs

enquiries 6 years ago updated by MaGIC 6 years ago 2
Dear Sirs
In the 2015 budget speech the PM states that Foreign Entrepreneurs would be able to register start-up enterprises with a minimal RM75,000 paid up capital requirement, in return for an initial 1 year work pass. Could you kindly offer some guidance on the likely effective date of this policy?
This will be part of the MaGIC Accelerator Program with a targeted launch date in Q1/Q2 2015. Only accepted participants for the MAP will be entitled to this 1 year work pass, as things stand.