NameSilo

Five Figure Domain Sales right after relocating to Malaysia!

Labeled as showcase in Domain Selling and Domain Sales started by AbdulBasit.com, Sep 17, 2019.

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  1. AbdulBasit.com

    AbdulBasit.com DomainsWeb.com AbdulBasit.com PRO VIP ★★★★★★★★★★

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    If you use Escrow.com via Uniregistry, you don't pay any commission to Uni.

    The link you shared is of using Uniregistry brokerage so then you pay 15% commission for using their brokerage service. As said in my earlier post, if you handle the lead/inquiry by yourself by either using Escrow.com or Uniregistry checkout itself, you don't pay any commission except a very nominal service fee. Also in recent time, Uni have given the option to put credit card/PayPal fee on buyer or you pay yourself depending on your choice.
     
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  2. BabayS

    BabayS Thanks.Best Blue Account

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    Congrats. It is the great sale...
     
  3. KTC

    KTC Established Member

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    Congrats on the sales! Especially after moving to a new country, it always helps to have some extra cash to get settled!

    I do have a question for you, since I noticed this and had been kind of fighting with myself about this. Do you personally set BINs at Uniregistry along with Sedo and Afternic as well as other marketplaces? Or is it just set at Uniregistry and everything else is at Make Offer?
     
  4. AbdulBasit.com

    AbdulBasit.com DomainsWeb.com AbdulBasit.com PRO VIP ★★★★★★★★★★

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    Thanks!

    Couple or so domains are set to BIN at Uni because of nonsensical inquiries come in too much.
    All domains I want to sell for up to 50K are set to BIN at Sedo and Afternic.
     
  5. eternaldomains

    eternaldomains Established Member

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    Should've known that I'll end up triggering things the moment I mention a certain something.

    Haven't been in NP for a while since I was dealing with several [email protected] issues (including a cursed auction)

    1st things 1st, before anyone else gets any ideas of moving to M.Y. for the tex.....

    Not all written laws are 100% black and white and that's why there are courts making things like "landmark decisions" that will cause laws to be "interpreted differently". So do NOT take written laws at face value!

    I don't know who told you this, whether that person has elaborated enough or may have assumed certain things when saying that to you, how you structure your payouts, etc... so the most I can do is to make comments based on assumptions.

    TL;DR version: If the person who told you this isn't a lawyer who's well versed in M.Y. laws, and especially if you have already banked in the recent payouts to a bank here, you better get a real lawyer soon and find out thoroughly from them.

    Everything that I'm going to tell you next is based on pure memory of what I've researched a few years ago, and disclaimer: I'm NO lawyer.

    1) the problem with that law is this part, "income earned/received from outside M.Y.", because there are no precise info on what's really considered "income earned/received from outside M.Y."

    2) there was at least an article (URL lost, didn't keep it) about a gov. underling claiming that, if you're inside the country while earning money online from a foreign company, you're still considered to be earning income INSIDE M.Y. There are people warning against assuming this tax free status.

    3) that very law was made long ago when many local citizens were physically working in other countries and bringing that income back home to their families and that's why it's tex free, because back then it was so damn easy to identify that the income really came from foreign sources. Now, things are getting more ambiguous & complicated, & the gov. wants more $$$ if they can get their hands on them.

    4) it might be different if you have an entity in L/A/B/U/A/N (Sabah), but that's something I didn't research much on.

    BUT, if you're still receiving income only to your Pakistani bank and then simply transferring that here, then you're probably good to go (the Pakistan gov. doesn't tex you on domain sales all these while right?) and you can probably ignore everything I've said above.
     
  6. namekahuna

    namekahuna Let's make $$$ Gold Account

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  7. The Durfer

    The Durfer Upgraded Member Blue Account VIP

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  8. Pay.My.id

    Pay.My.id Established Member

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    Congratulations for amazing sale ... biidznillah
     
  9. Riacontents

    Riacontents Established Member

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    Nice
     
  10. dande

    dande UNNATURE.COM VIP

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    Congratulations on your sales @AbdulBasit.com and congratulations too on moving oversea! Why didn't you move to Dubai where many Pakistanis are?
     
  11. AbdulBasit.com

    AbdulBasit.com DomainsWeb.com AbdulBasit.com PRO VIP ★★★★★★★★★★

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    Thank you!
    I've lived in UAE for 10 years in past. However, the current situation of that country isn't good and I don't see any good future there for anyone. It's going down the hill in every aspect.
     
  12. elevator

    elevator DnCombo.com VIP

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    Congratulations for your sales and happy new environment
     
    Last edited: Oct 4, 2019
  13. marijuanadomain

    marijuanadomain Established Member

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    Make America Great Again.
    In Malaysia you can be charged under the ISA just for no reason.
     
  14. AbdulBasit.com

    AbdulBasit.com DomainsWeb.com AbdulBasit.com PRO VIP ★★★★★★★★★★

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    ISA? And for no reason... can you give any past example?
     
  15. Falconfj

    Falconfj Upgraded Member Gold Account

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    WISH U MORE & MORE HAPPINESS.

    DO BETTER AND HAVE BETTER
     
  16. MrUmang

    MrUmang Established Member

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  17. Esiri Toneh

    Esiri Toneh Established Member

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  18. asset.domains

    asset.domains Established Member

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  19. Abdulrazzaq

    Abdulrazzaq New Member

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    Aslamualeikum can we meet at fb @ eaglepk86
     

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