liddis is wan u to b fall guy

dun b dumb/greedy, jus walk off

Yes CCP

Foreigner can register at Labuan, tax lower summore.

Mostly the real owner will make you sign agreement to apply loans but not cheque book or online transactions. The owner can also take all the money while you ate liable to repay back.

Lol

its not goyang kaki, he is lying to you.

although you indeed do nothing, you are assuming all the risks involved in being a director in exchange for money. Smuggle, launder money, unethical business practices etc all can be done behind your back and if shit hits the fan, guess who is going to get splattered? He wont even be in the room.

ask yourself what can contribute?

man, so many fellows here telling you it is RED FLAG di

First of all, it is true - that ppl use other ppl name as director in name only, and it is also being practiced quite commonly here in bolehland - but keep in mind :-

THEY do the business and reap the profits, BUT use YOUR NAME.
If the business turns sour or have any negative repercussions (kena saman, sue etc), YOUR NAME is on the paper, NOT THEM.
Later masuk lokap is YOU, NOT THEM. So eager become kambing korban ka?

If you choose to proceed, my 2 cents? Get a lawyer to draft a document to state clearly your role - capacity/involvement - that you are merely in-name only and will not be held accountable in the direct/indirect operation of the business, just something to protect your own butt (get the document to state you are merely holding the share/directorship on behalf of THEM - get their NRIC/Passport Nr included, photocopies attached to this legal document too) - make sure you don't simply sign documents also, later you unknowingly waive off your own rights to save your own butt when shit starts flying - play the game only if you are ballsy enough, and have the right cables to get you out when things turn south - otherwise, stay away.

Sdn Bhd , should be fine .

usually company director - and share holder differ . Then again , the loan will be under the company . Dont Sign Personal Gurantee.

No such thing as free lunch , more so in the corporate world.

Why dont ask him no offer the role to his siblings and relatives instead?

someone posted in reddit kena upboat by being a director.

Company ends up with millions in unpaid tax. The director is the one kena buttfuck by LHDN. End up in lengthy never ending court battle, meanwhile your asset all freezed up. No bank want to work with u. Can't get job either because u cant clear background check.

thanks for all the replies /k . seems like i really need to study company law first before doing anything.

actually got ccp person ask me help find someone to be his sleeping director , luckily he didnt really ask me , because he knows i am a very careful person and most likely will reject.



for some weird reason i accidentally opened this in serious kopitiam, in hindsight luckily so because im getting some really good replies

btw, how about the other way round? what if the director fk up the ccp guy instead? some ppl here suggested can sign agreement, do such agreements hold water?

This post has been edited by Knnbuccb: Apr 18 2025, 04:47 PM

usually they will make u sign contract u going to resign as director and keep it. Essentially they fully prepared they can railroad u anytime if u pattern with them.

This actually very common in Malaysia. The chinese call this Alibaba company. Type M as a front. give him car, bonus, salary. The chairman is there to pass as "bumi owned" company.

u better run far far

Better involve in the operation to know what shit they are doing

AMLA - This is the most scariest part, he can just leave the country and leave all the money laundering cases to u

Illegal activities - Gambling activities and other illegal business

Tax implication - if u have more than 20% and director of the company, any tax liability on the company, LHDN can go after you. They channel out all the money and didn't pay single cent of tax, u are here to pay for the tax due. Worst case scenario bankruptcy

No matter how good the agreement is, they are at China and u cannot do jack shit on them.

This is the equivalent of surrendering your bank account for mule activities, only a few level more elaborate.

Don't do it.

Nonid explained so much la....ts tak mau dengar.
Mai advise ,sign documents dulu and let us know later on outcome .
Go big or go home .....yes la ccp the best.

Macam perli the recent MOU with CCP only.

sole director somemore lol

TS , dont be dumb la, this is like some scammer come to u and offer to pay u money every month to use your bank account as mule account