Some state that the Malaysian Government has preference over many nationalities and we do admit, some preference are given to certain nationalities.
Recently, Singapore is their preferred partner, and now the list includes CHINA, Pakistan, India, Iran, UAE, Saudi Arabia, Turkey, Vatican City and United Kingdom.
It is possible to incorporate a company with 100% foreign ownership, in terms of shares or directorships, but many do not recommend them due to the red tapes in getting paperwork done, such as extremely high deposits, higher rates for Internet Communications and other things. But there are many other perks involved, since when it's a foreign company, getting work permits are easier and the ruling is far lax.
These will be discussed later on after the 6P legalisation program.
