Dividend Taxation Advisory for Foreign Group Holding Structures
Strategic Structuring Considerations for Multinational Groups

Foreign groups investing in Malaysia should review:

• Shareholder Layering – Whether an intermediate holding company is desirable for tax treaty access, governance, or future fundraising.

• Substance Requirements – Ensuring holding companies meet economic substance expectations in their jurisdictions.

• Dividend Frequency and Volume – High dividend flows favour corporate holding structures over individual ownership.

• Future IPO or Exit Plans – Holding structures offer greater flexibility for listing or divestment.

针对外国集团控股结构的股息税务
跨国集团战略架构考量

投资马来西亚的外国集团应考虑以下几点：

股东层级——设立中间控股公司是否有利于享受税收协定优惠、公司治理或未来融资。

实质性要求——确保控股公司符合其所在司法管辖区的经济实质要求。

分红频率和金额——高股息流有利于公司控股结构而非个人所有权结构。

未来IPO或退出计划——控股结构在上市或剥离方面具有更大的灵活性。