5 Types of Working Permit in Malaysia
4 minutesMalaysia is becoming a hotspot for people from around the world looking for job opportunities and investments, thanks to its growing economy and diverse culture. The job market in Malaysia is expanding, with lots of chances for foreigners and international professionals. To make the most of these opportunities, it’s important to know about the different types of working permit in Malaysia that is available for foreign workers. This will help you navigate the job scene in Malaysia more effectively.
A Complete View of the Ins and Outs of Tax Clearance in Malaysia
4 minutesNavigating tax clearance in Malaysia can be complex, especially when it comes to settling liabilities before leaving the country or closing a business.
In this article, we will break down the essential steps and requirements outlined by the Inland Revenue Board of Malaysia (IRBM). Whether you are an expatriate, a business owner, or an individual, this guide aims to provide a concise yet comprehensive overview to help you navigate the complexity of tax clearance in Malaysia seamlessly.
Malaysia Professional Visit Pass VS Employment Pass: Which Visa Is Right For You?
4 minutesExplore our comprehensive guide, meticulously designed to provide you with a detailed roadmap through the intricacies of the application process for the Malaysia Professional Visit Pass (“PVP”). Within its pages, you will find a wealth of information, including essential documentation requirements and insights into procedural nuances. Our guide is your go-to resource, offering insider tips that go beyond the basics, ensuring a hassle-free and informed experience as you navigate the intricacies of securing the Malaysia PVP.
Essential Guide To Understanding Accounting In Malaysia For Business Owners
4 minutesIn today’s corporate landscape, directors play a crucial role in the management and decision-making processes of companies. They are responsible for the overall governance and success of the organization. The Companies Act, 2016, outlines the duties and responsibilities that directors must adhere to fulfill their roles effectively.
A director is an individual appointed or elected by the shareholders of a company to oversee its operations, make strategic decisions, and act in the best interest of the company and its stakeholders. Directors are entrusted with the responsibility of ensuring the long-term sustainability and growth of the organization.
Directors should be aware of their duties and responsibilities as it is important for them to form the foundation of corporate governance and ensure accountability within a company. These duties are designed to protect the interests of various stakeholders, including shareholders, employees, creditors, and the wider community. By fulfilling their duties, directors contribute to the overall stability and success of the company, enhancing the trust level and confidence among investors and stakeholders.
Malaysia Business Investment: Why Overseas Entrepreneurs Choose Malaysia as a Hub in Southeast Asia for Quality Education?
3 minutesMalaysia Business Investment: Why Overseas Entrepreneurs choose Malaysia as a Hub in Southeast Asia for quality education?
In recent years, Malaysia has emerged as a sought-after destination for overseas entrepreneurs looking to invest in their businesses, has become an increasingly popular destination for international students seeking quality education, and emerged as a beacon of academic opportunity, drawing students from diverse corners of the world.
Type of Business License in Malaysia to Apply for After Incorporating Your Company
4 minutesIn Malaysia, the regulatory landscape for businesses is diverse and multifaceted, with various industries subject to different sets of rules, regulations, and licensing requirements. Upon incorporating your company, you may apply for various business licenses. The process of obtaining any type of business license in Malaysia typically comes after the initial company registration.
Beyond foundational licenses and registrations, we will take a deeper look into sector, industry, and activity-specific licenses required to establish your business.
How to Apply Malaysia Digital Status (MD Status) Company for Foreign Investors
4 minutesAs one of the fastest-growing economies in Asia, Malaysia is quickly becoming one of the hottest destinations for foreign investment due to a host of favorable government policies geared at accelerating economic growth.
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.