7 Alternatives: Types of Companies in Malaysia
6 minutesMalaysia is a country that is rich in culture, history, and economic opportunities. It is a hub of business activity in Southeast Asia, making it an ideal destination for entrepreneurs and investors looking to establish a company or expand their business in the region. In this article, we will explore the different types of companies in Malaysia, the process of incorporating a Malaysia type of company, corporate governance, financing, employment laws and regulations, intellectual property rights protection, taxation, and more.
What are the Three Types of Shareholder Meetings in Malaysia?
4 minutesAs a professional consulting and tax accounting firm, we understand the importance of shareholder meetings in Malaysia.
These meetings provide a platform for shareholders to exercise their rights, participate in decision-making processes, and stay informed about the company’s affairs.
Ultimate Guide on Enterprise vs SDN BHD Malaysia for Business Owners
4 minutesAs a business owner seeking incorporation in Malaysia, you can register your company in various entity categories. The most common categories are Enterprise and Private Limited Liability, each with pros and cons and operating within the limits of separate jurisdictions and legal frameworks.
As an entrepreneur new to doing business in Malaysia, it’s necessary to consider everything that both options entail for long-term purposes. Thus, the bulk of this article will focus on Enterprises and Private Limited Liability (Sdn Bhd) and how you can make the best of either choice.
Quick guide to 5 benefits of SMEs from Malaysia revised budget 2023
4 minutesThe aftermath of the COVID-19 pandemic has been disastrous for the global economy. Inflation rates have never been higher, and large corporations are rapidly downsizing on staffing, while several SMEs are struggling to stay afloat, with many already out of business.
The effects of the global economic crisis have been felt keenly, prompting the government to devise new means and measures to help organizations, individuals, and SMEs to navigate the trying times.
The Malaysia 2023 budget saw significant changes to the nation’s individual and corporate tax regimes, with chargeable income taxes on SMEs also favorably revised.
High earners will see a marked increase in income taxes, while mid-to-low-income earners will enjoy lowered taxes.
What Are The Roles And Duties Of The Company Secretary In Malaysia?
4 minutesDifferent people play different roles within an organization to ensure the smooth running of the organization’s operations. In this piece, we will consider the roles and duties of a Company Secretary in Malaysia.
How and Why set up holding company in Malaysia
5 minutesIt would be important to understand how to set up a holding company in Malaysia before creating one. What a Malaysian Holding Company Is? A holding company is a specific kind of business entity registered in Malaysia with the primary responsibility of overseeing and managing the assets and investment strategies of another business, known as […]
What Are The Roles And Duties Of Company Directors In Malaysia?
4 minutesRunning a company is no simple work. That’s why the role of a Company Director is crucial to the success of the business’s operations. Asides from controlling the business’s operations, directors are also expected to act according to their responsibilities and expected duties. Failure to do this would result in a breach of company law and be considered a criminal offense. Before assuming their role, every company director would learn about their responsibilities and duties. Directors must know they are separate from those of the company’s owners. This piece will reveal essential information about what it takes to be a company director Malaysia.
Here’s Everything You Need To Know About SOSCO Malaysia Rate
5 minutesMalaysia is undoubtedly one of the best places to live worldwide because of its approach to taking care of citizens. The government of Malaysia has adopted several policies to ensure that everyone is well catered for. One of these popular policies is the Social Security Organization (SOSCO). In Malaysia, every employee is expected to be a part of SOSCO. As a result, employers and employees are expected to have a fair amount of knowledge about this scheme. Are you one of those who want to find out SOSCO Malaysia Rate? You’re at the right place. This piece has essential details on everything you may need to know.
What Is The Malaysian Financial Reporting Standard?
4 minutesFinancial Reporting Standards refer to the regulations guiding the preparation of an organization’s financial statement. If you’re starting a company in a foreign jurisdiction, you must learn about the financial reporting standards in that region. Failure to get familiar with the necessary financial framework could be quite costly. Every business owner has to stay aware of the financial framework in Malaysia. That’s where we come in. This piece will reveal all the essential details about Malaysia Financial Reporting Standards.
Difference between Registered Address and Business Address in Malaysia
4 minutesOne important step to take when opening a company or a business is to have the proper set of addresses. There are different addresses that should be taken into account when registering a company in Malaysia. The type of addresses can include a Business address and Registered address. Although there are many similarities between the two company addresses, there is a difference between Registered Address and Business Address in Malaysia.
