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 StashAway MY, New instrument for Malaysian?

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vrek
post Nov 23 2018, 03:49 PM

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https://www.stashaway.my/faq/115001417233-h...folio-get-taxed

All the US bonds get taxed 30%? And any profit taken is also taxed in Malaysia?
vrek
post Nov 28 2018, 09:26 PM

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Too bad, if you own more than ONE house or ONE car, you're not eligible to register with Stashaway.
vrek
post Nov 30 2018, 12:34 AM

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I've spoke to the customer care earlier. These are excerpts of the explanation:

"As StashAway invests your money in foreign currency assets, we will have to comply with Notice 3 of the Foreign Exchange Administration Rules and we are unable to proceed with your account opening on StashAway’s Malaysia platform at this moment."

"At this moment, we can only proceed with client who owned not more than ONE House loan and not more than ONE Vehicle loan."

The Foreign Exchange Administration (FEA) Rules are found on Bank Negara website:
http://www.bnm.gov.my/files/notices/Notice_3.pdf

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