PlaTCOM Angels Group

 


PlaTCOM Angels Group is a group of high net-worth individuals, who actively invest in early-stage technology ventures and start-ups/small companies looking to grow via angel investment opportunities in Malaysia and beyond. It also serves as a vehicle to introduce technology-based investment opportunities, a platform to learn about angel investment and to develop relationships with our collaborative partners who share similar interests in commercialisation.


Accredited angels by the Malaysian Business Angel Network (MBAN) are entitled to receive angel tax deduction (please refer below for the eligibility criteria for investment). In relation to the investments made, tax deduction will be applicable in the third year of the shareholding period. In the event the value of investment exceeds the aggregate income of the angel investors for that year of assessment, any excess amount will not be refunded nor carried forward to be set-off against the angel investor’s future income in other year of assessment.

Eligibility Criteria to join PlaTCOM Angels Group and Documents Required

High Net-worth Individual
Criteria

Total wealth / net personal assets of ≥ RM3 million or
Equivalent amount in foreign currencies

Requirement

Bank’s credit report or any other relevant documents / (the date of the report should be within 3 months prior to the application submission)

MBAN will issue certification of accreditation to the qualified angel investor as proof of the accreditation. The accreditation period for angel investors is for two years and is renewable for another two years provided they still meet the eligibility criteria.

High Income Earner
Criteria

For individual angel investors, a gross total annual income of > RM180,000 in the preceding 12 months or
Jointly with one’s spouse, a gross combined total annual income of RM250,000 in the preceding 12 months

Requirement

The latest EA form or BE form

MBAN will issue certification of accreditation to the qualified angel investor as proof of the accreditation. The accreditation period for angel investors is for two years and is renewable for another two years provided they still meet the eligibility criteria.

Angel Investee Company
Criteria
  • Company must be owned by a minimum of 51% Malaysians
  • Company must be a private company limited by shares (Sdn Bhd) and a resident of Malaysia
  • Company’s core business must be in the qualifying activities approved by MoF under the focus areas of investment
  • A cumulative revenue of less than RM5million and has been in operations for 3 years or less
  • Company must not be wound-up and/or liquidated
Requirement
  • Executive summary
  • Memorandum and Article of Association
  • Form 9 (Certificate of Incorporation of Private Company)
  • Form 24 (Return of Allotment of Shares)
  • Form 13 (Certification of Incorporation of Change of Name of Company, Managers and Secretaries and changes of particulars
  • Form 49 (Return giving in particulars in register of Directors)
  • Contract / Agreement
  • Financial statements
  • Angel Tax Incentives Office (ATIO) will issue a certification letter to the qualified investee company as proof of the start-up’s eligibility.

PlaTCOM Angels Group membership is currently FREE and open to the first 10 registered members. The membership entitles you to receive:

  • Business proposals circulated by PlaTCOM and on behalf of prospective companies looking for funding
  • Invitations to our regular investment meetings, at which both early-stage and established spin-out companies present their funding opportunities

Selected angel investee companies will be:

  • Invited to pitch their business proposal in PlaTCOM’s regular investment meetings
  • Have the opportunity to network with angel investors, high-net worth individuals, venture capitalists and corporate investors

To join, simply complete and return the angel investors application form to us, available for download at the bottom of this page.

Should you have any queries about PlaTCOM Angels Group, please contact us at info@platcomventures.com 

Download Download Angel Investor Application Form Download View Angel Tax Incentive Brochure