You may contact us now to receive a free consultation to receive a free consultation on business entities in Malaysia. The basics of setting up a business entity in Malaysia isn’t so difficult to understand: First off, let’s start with Types of Business Entities. There are three (3) different types of business entities to choose from: Sole…
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It is the duty of each and every company carrying a business license to properly & regularly update accounts and statements. Malaysia’s Income Tax Return Form (ITRF) is the document needed for each and every business (in this case, referred to as the “Taxpayer”) to the Inland Revenue Board of Malaysia, or LHDN Malaysia. Income…
Malaysia’s Consumption Indicators, 2009 Malaysia’s Motoring, Bursa, Consumer Price Index 2009 The exhibit above shows the sales and production of new passenger cars, motorcycles, Kuala Lumpur Stock Exchange (KLSE) prices consumption goods imports and the labour market for the whole of 2009 (December not included). Source: EPU Unit, Malaysia.
Malaysia’s Investment Indicators 2009 Malaysia’s Investment Indicators of 2009 – Imports, Base Lending Rates, etc As you can see above, there are data pertaining: Sales of new commercial vehicles (by unit) Imports of capital and intermediate goods (by RM million) Approved new/re-investments for domestic and foreign sources Historical Base lending rates for 2009 (BLR) Money…
Business Entity (Part 2): Company Limited by Shares View other business entities » In Malaysia, the most common type of limited companies is those limited by shares. These companies are incorporated and governed by the Companies Act, 1965. Companies limited by shares will carry “Sdn Bhd”, “Sendirian Berhad” behind their names according to Section 22(4)…
Memorandum and Articles of Association Whenever a limited company applies for loans from banks, credit terms from suppliers or even as simple as opening a bank account, Memorandum and Articles of Association is one of the pre-requisite documents. Most business people know about this requirement but do know what are they for. Why is this…
Companies Commission of Malaysia (alternatively called Suruhanjaya Syarikat Malaysia or “SSM” in brief). This is the government body that manage and govern all companies and businesses in Malaysia. Stage 1: Document Submission Process to SSM For all company incorporation in Malaysia, the first process is to conduct a name search. This is to ensure the…
After the economic crisis in 1997, the need for good corporate governance mushroomed, to an extent whereby Malaysia issued its first Code of Corporate Governance in year 2000. Corporate governance is all about how the company, its employees and everyone involved with the company is managed. There are 4 pillars to corporate governance: transparency, accountability,…
About Malaysia Since its independence in 1957, Malaysia has been nothing short but a spectacular destination for businesses to penetrate the South East Asian market. Ideally located in between Thailand & Singapore, Malaysia is in the center of the Asian region, with its neighbours being fast-emerging economies such as Indonesia, Vietnam, Singapore, Thailand, Brunei and…
During the early years of Islamic banking between the 1960s and 1980s, the main focus of these banks is to establish Islamic working framework within their national boundaries. There is no significant issue then that requires international attention. It is only until the creation of the inter-governmental Islamic Development Bank in 1994 that expanded Islamic…
