Foreigners cannot start unlimited companies, enterprises, sole proprietorship companies or limited liability companies, these entities are meant for Malaysian only. A foreign investor can only start a partnership or sole proprietorship business entity if they have a permanent residence status…
In the past year, we noticed an increasing inquiry about the process of opening a corporate bank account in Malaysia. Many of these inquiries come up from first-time business owners, but there are also some who have been running their…
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,…
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…
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…
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…
Picture this – you have set up yo…
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…
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…
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…