Today is the last day of Multiple Streams of Millions workshop. Very happy to meetup with Robert Allen and the inner circle members but sad that 3 days workshop has come to an end. Well, every ending is a new beginning. I always love to attend courses as I always learned new knowledge and made new friends.
This round I learned a bit more on physical Gold investment from a Singapore friend. It is a hot investment alternative in Singapore and also Malaysia now. I am surprised to learn that the yield is different in these two countries even though it is sold by the same country. In addition, I learned that the gain or yield will be treated as capital gain in Singapore and hence no tax but may not be the same for Malaysia. I think this will definitely affect the sales in Malaysia if it has more benefits to invest the same thing in Singapore. Similar to many other forms of investment which include shares and derivatives. Investors will choose the one with the lowest fees or tax rate between Singapore and Malaysia as there is no distance barrier to invest in any countries now due to online trading etc as investors can even buy property in overseas though internet.
Therefore, it is a critical issue to look into the tax rate, tax treatment, fees and so on in order to attract foreign investors to invest in Malaysia. Otherwise, whatever marketing and business development efforts will be a waste of time or only achieve minimum results.
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