!dev

I am so sick of the Bumiputera 51% equity rules in the startup company. In order for the company to be public listed, 51% (or higher) of the ownership without ANY CONTRIBUTION is compulsorily involve a random assigned entity .

The person who set this regulation clearly don't understand how economic works. This will cause a ripple effect of more companies leaving this country due to unfair treatments if the founders & co-founders happens to be a non "bumi".

Regulation like this put my citizenship into a consideration and doubts.

Every action and decision made, there's always an opposite reaction. In this case, I believe in 5 years, we will witness a massive exodus.

Thats why I stop thinling of launching a branch in Malaysia.