How to Get a Work Permit in Malaysia
5 minutesMalaysia has been a top travel destination for tourists and entrepreneurs alike. With its beautiful cities and sceneries such as the Alor star, Kuntan, together with the country’s numerous lush jungles and beaches. Malaysia welcomed more than 4 million visitors in 20221 alone, Malaysia is also one of the most open economies in the world, so it’s not surprising that people relocate there in search of greener pastures; however, to be able to work in Malaysia it is mandatory for you to have a Malaysia Foreign Worker Permit.
PLT vs SDN BHD in Malaysia
4 minutesA business organization is an entity created with the intent of conducting a type of commercial enterprise. Despite some being set up as non-profit charities, most businesses are set up to make profits. When it comes to business structures, all countries have a legalized system which is common but unique to individual country hierarchy. When starting a business in Malaysia, it is important to differentiate one business vehicle from the other. In this article, we will focus on the difference between PLT and SDN BHD in Malaysia.
Tax Relief system in Malaysia
5 minutesThe tax season is seemingly never far away, causing a few nervous glances with each thought. Anyone who is eligible for taxes in Malaysia is sure to be worried about how much tax they are due for the tax assessment year. Thankfully, with tax relief, you are sure to have less to worry about come tax assessment. To ensure you can better prepare for the coming tax year, we bring you everything you need to know about income tax relief Malaysia.
Audit Fee Guideline In Malaysia
5 minutes Auditing is a key part of running a business in Malaysia and one that every potential business owner should be familiar with. Accounting is crucial in running a company, both for the shareholders and tax authorities. Therefore, the value of a proper audit is invaluable; hence, the need for a capable auditor. You don’t need to be an auditor to know about auditing, especially when you simply want to provide oversight to the Auditor. To that end, let’s take a look at audit fee guideline Malaysia.
Five Types of Business Entities in Malaysia Companies and Investors can Choose from
5 minutesMalaysia has always been a great place for ventures for the longest time as it is among the most technologically advanced places in Southeast Asia. What’s more, five types of business entities in Malaysia are offered to all investors and companies to choose from!
How To Register A Sdn Bhd Company In Malaysia
5 minutesMalaysia has always been a favorable business landscape, making it ideal to start a new business. When starting a new business, there is one critical choice to make, which is deciding on whether it will be registered as an sole proprietorship or Sdn Bhd. The most common choice is to start as an sole proprietorship before switching to an Sdn Bhd later on. You can, however, operate as an Sdn Bhd from the start, rather than have to make the switch later on. You will need to know how to register a Sdn Bhd company in Malaysia before you proceed.
Easy Beginner’s Guide to Opening a Bank Account in Malaysia for Foreigners
5 minutesIf you have recently just moved to Malaysia or are in the process of doing so, one of your most immediate goals is to create an open bank account in Malaysia. This article will touch on some of the most frequently asked questions surrounding this topic and other important tidbits to help shed more light on the matter.
Sales and Service Tax In Malaysia – Things You Need To Know
5 minutesThe Malaysian government no longer implements the goods and services tax; rather, the new tax system in place is known as the sales and service tax in Malaysia. Goods and service tax was implemented for a few years between 2015 and 2018, but since 2018, the sales and service tax has replaced it. GST was found to increase the cost of living for the average Malaysian; hence, its abolishment. Sales and service tax in Malaysia, on the other hand, reduce the cost of living.
How to Close down your Company in Malaysia
4 minutesWondering how to strike off company in Malaysia? Sometimes you simply need to close down your business operations in a country and move on. It might become necessary for financial, legal, tax or competitive reasons, but it certainly happens. If you find your business in a situation where this becomes necessary, an important thing to keep in mind is that it cessation of business should be done correctly and legally.
