After your cumulative amount of income through Winglio reaches 500 EUR, you will be invited to join the Winglio Shareholder program. By purchasing one preference share in the Winglio Malaysian company, you get the status of a Winglio shareholder. It provides you with the possibility of retaining the whole income received through Winglio as a profit of the Winglio company and have it paid out as your personal dividend.
If you had your own company, you could decide how you want to get the money from your company – as your salary or as a dividend from your company’s profit. Winglio offers you the same possibility – you can get paid as a contractor of the rented company (equivalent to a salary) or as a shareholder (dividend). In many countries, the dividend tax is much lower than the salary income tax, thus ensuring significant tax savings as a Winglio shareholder.
Winglio Company calculates its profit and pays out an interim dividend to shareholders every month, usually between the 5th and the 7th of the month for the previous month. It means that a dividend can be paid out max. 12 times within one calendar year.
The total one-time cost is 179 EUR. It includes 1 preference share in Winglio Company (60 EUR) and related administrative costs, changes in the shares registry, and the issuance of a share certificate (119 EUR).
You should provide a notarized copy of your passport as a personal document and a recent bank statement which contains your address in order to become a shareholder of the Winglio company.
According to Malaysian Law, only a notarized copy of a passport is an acceptable personal document, therefore, if you don’t have a valid passport, you should get it in order to start the activation of the shareholder status.
After you start the activation of the shareholder status, it usually takes 4-5 weeks until you get a share certificate and officially become a shareholder of the Winglio company.