Malaysia legislation

Section 92

of LANGKAWI INTERNATIONAL YACHTING COMPANIES ACT 2005

Section 92

(2)

In this Part, the expression “carrying on business in Langkawi”

means carrying on business in respect of yacht-related activities in, from or through Langkawi.

(3)

Notwithstanding subsection (1), a foreign Langkawi company shall not be regarded as carrying on business in Langkawi by reason only of the fact that in Langkawi it—

(a)

is or becomes a party to any action or suit or any administrative or arbitration proceedings or any claim or dispute; or

(b)

conducts unsolicited isolated transactions that are completed within a period of thirty-one days, not being one of a number of similar transactions repeated more than twice.

Registration of foreign Langkawi companies