Setting Up a Company in Malaysia: A Foreigner’s Guide
Do you know that Malaysia ranked 12 out of 190 countries in the World Bank’s Ease of Doing Business Rankings 2020? It’s relatively easy to start and operate a local firm in Malaysia. A foreigner can register a Sdn Bhd, or private Limited company in Malaysia with 100% foreign ownership. However, that company must be […]
What if Singapore and Malaysia remove the Double Tax Treaty?
Aside from the occasional fight over who has the best nasi lemak, chicken rice, football team etc, Malaysia and Singapore actually share a common goal to fight the burden of double taxation of income. The governments of the Republic of Singapore and Malaysia signed a Double Tax Treaty in 1968 and subsequently another agreement was […]
Guide to Tax Clearance for Expatriates in Malaysia
Imagine waking up one day and finding yourself in the situations below 😰 💰 Last salary withheld by the Inland Revenue Department (LHDN) 💸 A fine between RM200 and RM20,000 👮🏻 Imprisonment of up to 6 months 🚫 Prevented from leaving the country What a nightmare! If you are an expat in Malaysia, here’s an […]
Duties & Responsibilities of Directors in Malaysia
According to the Companies Act of Malaysia, a company is to have at least one director if it is a private company or at least two directors if it is a public company. For this reason, the director of a company in Malaysia is barred from resigning or vacating the position if doing so would […]
Do You Need an Employment Permit in Malaysia?
Picture this – you have set up your company in Malaysia and now, you are looking to hire the best talents from within the country and around the world 🧑🏻💼🌏 But you are worried and unsure about the country’s employment pass and work permits 😰 Do you still need to apply for a work visa […]
Want to Obtain a Business License in Malaysia? Here’s What You Need To Know
The silver lining of #Covid19 pandemic? New business opportunities! This is for those with extra time to finally pursue their business ideas or those who lost their job and decided to start a business. While some may be experts and know the A-Z of setting up a business, there are others who are literally just […]
Tax Crimes In Malaysia│What Tax Offences Should You Avoid
Are you ready for a question which will test your integrity? 🔥 Here we go – have you ever considered not paying your taxes? Perhaps you considered “forgetting” to file your taxes, or to report a lower income, or to simply overclaim the amount of tax relief you’re eligible for 😏 If you have (even […]
Guide To Limited Liability Partnership [LLP] in Malaysia
Do you know that partnerships actually come in several different types, but all somehow share some common characteristics? 🤨 Today we will be focusing on limited liability partnership [LLP]. Some of you may know it as the sweet spot between a traditional private limited company [Sdn Bhd] and a partnership. LLP basically combines some of […]
PEMULIH 2021 Stimulus Package Highlights
🗓️ 1ST JUNE 2021 The start of Phase 1 FMCO (Full MCO, also known as ‘total lockdown‘) nationwide. Since then, many businesses have permanently shut down, people have lost their job and many Malaysians are struggling to survive and make ends meet 😣🏳️ 🗓️ 28TH JUNE 2021 Pakej Perlindungan Rakyat dan Pemulihan Ekonomi (Pemulih) was […]
Essential Statutory Documents That You Should Take Note Of
It’s challenging, confusing and dreadful 😖 yes, we are talking about navigating through tedious bureaucracy and forms from SSM 🗃️ Let’s test your understanding with two simple questions. ❓Do you know what are the statutory documents required to operate a company? ❓Did you know that if your company has been incorporated after the year 2016, […]