Setting Up a Company in Singapore


Setting Up a Company in Singapore

Setting Up a Company in Singapore

Local and foreign companies may open a business and set up a company in Singapore within a very short time. Foreign companies may use Singapore as their representative office when the company wishes to conduct market research or provide after sales service to the customers. For registering Representative office in Singapore the company should have a certification of incorporation in the English language. The processing fees for the registration process of RO is $200 and that is payable to IE.

The company Act of Singapore also allows companies to open a branch office in Singapore and head office is liable for the activities of the branch office. Any branch office must be registered with ACRA. During the registration process, the foreign companies have to provide the original copy of foreign company’s incorporation certificate, the latest audit report for the relevant year, a copy of company’s law and constitution guideline, identity documents of company’s passport holders and the details of the appointed authorized representative who generally resides in Singapore. The documents mentioned above need to be submitted in English and one-time registration fees of Singaporean $300 should be payable to ACRA.

The potential investors may be setting up a company in Singapore as Limited Liability Partnership (LLP) Company and this form of company is beneficial for tax purpose and also for the case when a partner is residing outside Singapore or the company engages in the foreign partnership. The time duration of an LLP company is unlimited and the company may change the partners and this does not make any effect on LLP Company. For registering LLP companies, one has to appoint at least one manager who is a neutral person and generally resides in Singapore and the obligation of the manager is to make sure that the company is running according to LLP guidelines. Any LLP company should be registered with ACRA and initially, a name check should be done by taking the intended names. LLO companies should have a registered office in Singapore and that should generally accessible to the public during normal office hours. The company has to provide the details of their directors and also pay Singaporean $150 to ACRA for the registration process.

For setting up a company in Singapore as the private limited company one should apply through ACRA as well. The potential company first go through the name check process for getting an intended name for the company and then the name should be reserved for the company till next sixty days from the date of application. The company has to provide all the documents that were required for the incorporation process. Additionally, a company has to provide the details of shareholders, directors, the company’s constitution, a company’s structure chart etc. All the documents must be in English language and if not then the documents should be translated. One can open the private limited company in Singapore with as small as one Singaporean dollar.

If the company is not titled as the dormant or small company then all PTE ltd companies should abide by the tax law. According to tax law in Singapore PTE Ltd companies should appoint an accredited auditor for conducting an annual audit of the company. The dormant type companies got no financial transaction in a relevant financial year and they are exempt from doing an audit. The same small applies for the small company and any company may be treated as a small company if they generate total annual revenue smaller than fifty million and their asset is less than fifty million and their number of employees is less than fifty personnel.

The regular tax rate for PTE Ltd Company is 17% of the net income generated by the company from the business activities inside Singapore. The country does not charge tax for the income that generates overseas. However, if the company generated revenue remitted into Singapore then tax implies on it. All companies that run the business in Singapore are exempted from 75% tax for their first 10,000 income and 50% tax for their next 290000 income.

For setting up a company in Singapore and to do work in Singapore foreign personnel requires the work permit and the required document for this purpose is known as employment pass. In order to receive employment pass one should make application to the authority by stating name, detail address and passport number, educational background of the applicant, intended job position in a company, salary etc. the time take to process the application is one to 2 weeks and if any cases the application gets rejected then the time for appealing is generally takes six to eight weeks. Application for employment pass only can be made when a representative office or Limited Liability partnership company or branch office or private limited company is created in Singapore. In general, the employment pass is issued only for one year and it has to renew yearly. If the employee got any spouse or dependants then they have to apply for dependent pass and holders of dependant pass may remain in Singapore.

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Register a new company in Malaysia


As a potential investor, you should know that you have the options of registering basically three types of company in Malaysia. You can register a company limited by shares, or you can choose a company that is limited by guarantee and lastly a company defined as unlimited by law. Whichever type of company you intend to register, it will be authorized by the Companies Act 2016 in Malaysia.

Register a new company in Malaysia

Register a new company in Malaysia

Your company must contain the basic features as outlined by the Act. First and foremost, the company must have a name. It should be consisted of a single or multiple members. For a company limited by shares, it must have one or multiple number of shares. Lastly, company should feature one or more than one directors to operate lawfully in the country.

In Malaysia, you will find that there are two types of limited liability companies operating effectively. Firstly, you have a company limited by shares and secondly, a company limited by guarantee. The nominal value of the shares a person holds will define his or her personal liability in a company limited by shares. For a company limited by guarantee, the personal liability will not exceed the amount stipulated in the Memorandum and Articles of Association. The provisions of the Companies Act 1965 deal exclusively with the prerequisites for registering a company limited by shares in Malaysia. In a private limited liability company, the general public is not permitted to own the shares of the company.

When you intend to register a company limited by shares in Malaysia, you must remember that the business form must be up to the standards spelled out in the Companies Act 1965. Your company’s trading name must have the words “Sendirian Berhad” since you are applying for a private limited liability company.

The prerequisites of registering a company limited by shares state that: your company is obliged to have a minimum of two shareholders as specified in the Section 14 of the Companies Act. As per Section 122 of the Companies Act, you must appoint a minimum of two directors for your company. It is mandatory on your part to employ a company secretary and that person must be approved by the Companies Commission of Malaysia or SSM. A member of a professional body can also be your company secretary if only the body is approved by the Minister of Domestic Trade Cooperative and Consumerism.

The fundamental requirement for incorporating a private limited liability company under the Companies Act 2016 states that at least a single director and a promoter’s main place of residence must be in Malaysia and should generally live in the country.

The Incorporation process for a Sendirian Berhad (Sdn Bhd) commences with the application for name search. This application will establish whether the proposed name of your company is available or not. When you apply for your Sdn Bhd’s name, remember to refer to the Government Gazette No. 716 published on 30 January 1997. You will also need to go through the Gazette (Amendment) of 11 October 2001 as well as the Guidelines for Naming A Company for your purpose. Lastly, the Guidelines For Application Of A Company name will come in handy when you register your company’s name.

The Form 13A CA must be filled up properly and submitted to the Commission. For every name you choose to apply, you are required to a charge of RM 30 only. Once your proposed company’s name is accepted by the Commission, it will be held in reserve for three months from the date of acceptance.

For the next procedure, you are required to submit the Incorporation Documents at the SSM not later than three months from the date of acceptance of your company’s name by the Commission. In case you fail to do so, you will have to file for a fresh application according to the process mentioned above.

The incorporation information you are required to submit to the SSM must contain the points outlined below:

  1. i) The proposed company name
    ii) The status of a private company
    iii) The proposed type of business
    iv) The address of registered office
    v) The business address
    vi) Complete details of directors(s) and promoter(s)
    vii) Declaration from directors(s) and promoter(s)
    viii) Declaration of compliance from individuals responsible for incorporation
    ix) Additional Documents (if any)

The complete package of Incorporation Documents you have to provide the SSM includes the Memorandum and Article of Association, Form 48A which is a legal proclamation by a director or promoter prior to appointment and Form 6 which is a declaration of compliance signed by the company secretary. There are three additional documents to need to submit, one of which is a original duplicate of Form 13A, a photocopy of the letter given by SSM when your company name was approved and a copy of the identity card of every director of your Sdn Bhd as well as your company secretary’s.

When you apply for the incorporation of your Sdn Bhd, you must pay the registration fees according to the authorized share capital you intend to invest. The complete breakdown of the registration fees is given below:

Authorized share capital (RM) Fees (RM)
Up to 400,000 1,000
400,001 – 500,000 3,000
500,001 – 1 million 5,000
1,000,001 – 5 million 8,000
5,000,001 – 10 million 10,000
10,000,001 – 25 million 20,000
25,000,001 – 50 million 40,000
50,000,001 – 100 million 50,000
100,000,001 and above 70,000

Once you have completed the incorporation process properly and submitted the incorporation documents according to their requirements, the SSM will issue you a Certificate of Incorporation.

Upon the completion of the incorporation process, it is essential for you to open a business bank account and register with the appropriate authorities in Malaysia. It is obligatory for you to file for registration of your employee’s retirement fund, human resource developing and training as well as social security. You will need to set up your company’s Annual General Meeting (AGM) according to the type of company you have incorporated with the SSM. The annual return must be submitted not later than 30 days from the anniversary of the registration date of your company. For the purpose of filing tax returns, you will need to register your company with the Inland Revenue Board when your business is up and running.

In case you have to update your company’s information like a change of address or shares, you will need to follow the procedure stipulated by the SSM. For this purpose, you will be greatly aided by the range of services provided by MyCoID 2016. The updating of information can be carried out at the SSM headquarters in Kuala Lumpur, its state or branch offices around the country.

By definition, the main liability of the members of a company limited by guarantee (CLBG) is restricted by the constitution to the amount members agree to provide for the assets in case the company faces termination. As a public company, a CLBG needs a license from the Ministry of Domestic Trade, Cooperatives and Consumerism to own land or property in Malaysia. You can register a company limited by guarantee with or without the word “Berhad” or “Bhd” according to the Companies Act 2016 (CA 2016).

In order to register a new company in Malaysia that’s limited by guarantee, you need to file an application with a constitution to the office of the Registrar under section 45 of the Companies Act 2016. The purpose of establishing a CLBG is clearly defined by the Act. As a result, the objective of your CLBG will be to promote science, or art, or religion, charity, commerce or industry, pension programs or any activity beneficial for the country in the context of health, education, environment, research, sports or society as a whole. The CLBG can also offer amusement or recreation and for clarification, the objectives mentioned above cannot be accomplished by any other type of company.

You can become a director or founder of a CLBG if you are deemed fit and appropriate by the Registrar and must be considered eligible under the Companies Act 2016. The Registrar holds the exclusive authority to judge whether your experience and aptitude are appropriate for the role you intend to fulfill. The Registrar would take in account your reputation in the society as well as your character. Finally, you will need to pass the security test conducted by the Register as well as the safety filter carried out by the Royal Malaysian Police or other organizations to be a founder or director of a CLBG. The Registrar will approve your application as a director only after it is satisfied that you are fit and suitable for the post and possess the necessary credentials.

The constitution of a company limited by guarantee must contain the points outlined below:

(a) The name of the company

(b) The purpose of the company

(c) The amount members agree to provide for the assets in case the company faces termination

(d) The full names, addresses and professions of the subscribers

(e) A statement that confirms that the subscribers are willing to establish a company to uphold the constitution

The constitution must be presented at the office of the Registrar to complete the process of registration. A CLBG also has the option to accept a model constitution arranged by the Registrar. The Registrar must give its approval before you can change any clause of the constitution.

You may be asked by the Registrar to provide segmental reporting in addition to the financial statements of your CLBG. Under the law, none of the directors or members of a CLBG are allowed to utilize the company’s finances for any illegal or political activities in Malaysia. The basic requirements state that you cannot set up new directors or pay remuneration or fixed allowances to the directors without securing prior approval of the Registrar. You are obliged to make use of the profits for the objectives in setting up the company. You are not permitted to ask for any type of donation from the public and collect money from them. You must act in accordance with the provision stated in the constitution constantly under all circumstances.

If a CLBG intends to remove the word “Berhad” or “Bhd” from its business name, an application must be sent to the Minister to attain a license for this purpose. The word “Berhad” or “Bhd” must be removed if the CLBG wants to have the words “Yayasan” or “Foundation” in its name. It is the Minister’s discretion to enforce any terms and conditions necessary while the application is approved. The license will be cancelled if the CLBG violates the terms and conditions imposed by the Minister.

Business times Malaysia


In today’s date “Malaysia Business” has been considered as a vital topic to look into for many business owners around the world. Due to the variety of business opportunities and their immense positive outcomes, Malaysia Business has eventually dragged in interest of many business investors to invest in Malaysia both large and small scale within the country. The country and its government are trying their best to make their business sectors more lucrative, profitable, reliable and easy to begin for these foreign investors who come up with a vision of doing business in Malaysia.

<img src="image/business-times-malaysia.png" alt="Business times Malaysia"/>

Business times Malaysia

Malaysia, a country with opportunities and promises for those who can dream. The country is considered to be one of the prime developing countries among all other Asian countries in the globe. The country has developed itself in every possible sector it can. The economic growth of the country in past few decades is considered to be highly appreciated and is kept constant for a longer period of time. The variety of business opportunities plus the high growth of foreign man power along with their investments in both small and large scale is eventually enhancing the economic scale of the country.
Gas, It, Oil, Construction and few others are said to be the prime sectors for investments in Malaysia Business. Although there are many other business sectors related to garments, education centers, restaurants, hotels, jewelries, shopping malls, personal business, hardware sectors etc where the foreign investors can invest in to make good profit. Restaurants, Food Courts and Hotel business are given high priority when it comes up to Malaysia Business due to the large number of tourists visit the country every year from all over the world.

Well it is not always easy to start of up a new business for any one in any foreign location. One should have a clear vision about their business plan, the country in which they intend to do business in and the investment scales must be taken in high consideration. For business investors all over the world Malaysia or Malaysia Business is said to be the most perfect choice of all because of three major facts. They are DEVELOPED INFRASTRUCTURE, REASONABLE COSTING & HUGE MARKET POTENTIALS. The business investors are always suggested to gain as much as knowledge they can over the country and its different business sectors in which they plan to do business in. Valid and vivid knowledge about Malaysia and Malaysia Business will surly lead these foreign investors to success, as they come investing a good sum of fortune within the country to live up to their desired dream. Often wrong steps regarding company registration, business plans, licensing issues, less investigation of the market and customers lead these foreign investors and their family future to a dreadful situation.
This article will outlet few steps and conditions that must be taken in account by the foreign investors with a dream of starting a business in Malaysia.

What is Certificate of Incorporation?


What is Certificate of Incorporation

What is Certificate of Incorporation

An investor might arise questions or have queries to know what a certificate of incorporation really is. Well an incorporation certificate is a document or authorized paperwork that is issued to a registered company or business and other entities associated with The Companies Office. To begin with any business at any destination around the globe it is a must that the investors first achieve a legal permit through the certificate of incorporation to run their business with all smoothness and comfort. This certificate of incorporation (incorporation certificate) assure that the business has been incorporated as a separate legal entity with its own identity under the Companies Act 2006. See here how to register a company or business in foreign place.

# Key facts and issues related to a Certificate of Incorporation:

1. When and from where do investors get their certificate of incorporation?
When the authorized application provided by the business entities or companies get approved by authorized figures, the Companies House will issue a certificate of incorporation for that respected business company. If an investor or company head register his or her company through online by the means of company formation agent, it is stated that he or she will receive their certificate of incorporation electronically in digital (PDF) format by the means of an email. Well they can only get the certificate as soon as their registration is approved. This entire process mainly gets completed within 3 working hours of submission. If the registration process is done by a postal application, then the certificate will arrive by the post within a few days or more after Companies House gives approval for the submitted application. Well in case of Postal applications it takes around 8 – 10 days, so it can be stated that it is more beneficial to register online.

2. Information that a certificate of incorporation reveals?

Well the certificate of incorporation will show these following details:

  • Registered company name.
  • Company registration number or (CRN).
  • Where or at which state the company is registered.
  • Date of incorporation.
  • Company Structure (share limits or limited by guarantee).
  • Issuing Registrar (Cardiff, Edinburgh or Belfast).
  • The Companies Act under which the company is registered (Companies Act 2006).
  • Official and authorized seal of the Registrar of Companies (Companies House).
  • Royal Coat of Arms.

3. What can be done when the certificate of incorporation goes lost or missing – How to get a replacement?

If the company is said to be incorporated through online by Companies House Web Incorporation Service, well one should receive a digital copy of the certificate of incorporation attached to the email received when their registration was approved – this authorized copy of the certificate can be downloaded and printed at any time.
One can recoup the digital copy of the certificate of incorporation by simply logging into at Web Filing and selecting the option “My Recent Filings”. But it said it will only remain there for 10 days. After this time of 10 days is over, one can easily access their certificate of incorporation online through Companies House free Beta Service, or can also order an authorized certificate (FEES APPLICABLE) by contacting Companies House
Now for those who have registered their company by the postal application service and do not have their authorized original paper certificate, they can just login in and download a digital copy through Companies House free Beta Service.

  1. When will the investors need to use this certificate of incorporation?

Well an investor or the company head will be asked or required to provide this certificate of incorporation when they will go to open a business bank account at any relevant bank, apply for any kind of business loan, selling company shares and at certain circumstances when they decide to sell the company.

  1. Does a new certificate of incorporation needs to be issued if the company name is changed?

When the company name is changed, a new Certificate of Incorporation by the new name is provided by the Companies House. Except the new company name assigned, all details provided on the new certificate will be exactly the same as the original, which includes the company registration number and the company date of incorporation.

Registration methods for a foreign firm in Malaysia


Any foreign firm or companies can progress with their business acts in Malaysia by two different steps, they are:

  1. Incorporating to a local firm or business entity with the Companies Commission of Malaysia (SSM).
  2. Registering the foreign firm in Malaysia (SDN BHD malaysia company) with SSM.

As per Companies Act 1965 (CA 65) a foreign firm can be defined as a corporation, association or a company that is incorporated outside Malaysia. They can also be defined as an unincorporated firm or business entity which has the capability to sue or get sued, acquire property of its own in the name by the secretary, directors or other officials who are duly appointed by the company itself and most important the business firm is said to have its principal or head office outside of Malaysia.

Registration methods for a foreign firm in Malaysia

Registration methods for a foreign firm in Malaysia

SOME IMPORTANT FACTS TO BE TAKEN IN CONCERN

A. REGISTRATION PROCEDURES
1. Application of Name Search
The need of regulation of name search is mainly performed to see if the proposed name given by the firm is available to be accepted by certain body of authority in Malaysia. The steps to be taken are given below:
(i) Form 13A of the CA must fully completed with accurate details and submitted (Request for Availability of Name) to SSM.
(ii) A payment of RM30.00 has to be made for each proposed name applied.
* Once SSM approves the name proposed by the foreign firm for registration, it is kept restrained for at least 3 months from the date of approval.
2. Registration Documents and its Lodgment:
Once the proposed name is approved by SSM it is important that all registration documents and legal papers must be handed over to SSM within 3 months from the data of approval. A entire fresh application for a name search should be performed again for failing to provide the asked documents within restricted time.
B. REGISTRATION DOCUMENTS AND OTHER LEGAL PAPERS.
Documents or legal contents that must be submitted to SSM for registration are given below:
(i) Certified or authorized document of the certificate of incorporation or registration of the foreign firm.
(ii) Certified or authorized do of the foreign company’s sanction, law or memorandum and other related issues that defines the association in separate.
(iii) Form 79 (Fully completed and provided with all valid information)
(iv) An authorized appointed memorandum or power of attorney in the name of the person (s) residing in Malaysia, who will be able to accept on behalf of the foreign firm itself any notices, warnings or announcement is issued to the firm itself.
(iv) Form 80 (Statutory Declaration by Agent of Foreign Company).
(v) Other additional documents i.e. the original copy of Form 13A, copy of the letter issued by SSM on the approval of the proposed name by the foreign firm etc.
C. REGISTRATION FEES
Registration fees shall be as per the payment schedule below:

NOMINAL SHARE CAPITAL (RM EQUIVALENT) FEES (RM)
Up to 100,000 1,000
100,001 – 500,000 3,000
500,001 -1 million 5,000
1,000,001 – 5 million 8,000
5,000,001 – 10 million 10,000
10,000,001 – 25 million 20,000
25,000,001 – 50 million 40,000
50,000,001 – 100 million 50,000
100,000,001 and above 70,000

Some important facts to be taken in consideration:

  1. The amount of registration fees (for consoling), the official capital and shares of the foreign firm must be converted to the Malaysian currency (Ringgit Malaysia).
  2. Conditions In certain cases and the foreign business organization does not allocate any share capital, a flat rate of RM 1,000.00 must be paid to SSM.

D. COMPLETETION AND CERTIFICATE OF REGISTRATION
Once all the documents and paper works with valid information is provided to SSM by the foreign company, they will issue an authorized certificate of registration in the proposed name of the foreign firm or the business entity.

Type of business license in Malaysia


Before a business will wrongfully begin in operation, businesses square measure needed to adjust to some type of licensing, that might be a general license, Associate in Nursing industry/sector specific license or activity specific license. Business licenses square measure needed by the legislation and administered by numerous government agencies, statutory bodies and native authorities. Business licenses includes registrations, approvals, licenses and permits. The compliance necessities vary by trade, enterprise and site.

Types of business license in Malaysia

Types of business license in Malaysia

Business licenses may be categorized into three completely different logical teams, namely:

  • General licenses
  • Sector trade Specific licenses
  • Activity Specific licenses

General Licenses

General licenses square measure licenses that square measure needed and shall be applicable once the capitalist has set to start out a business in Malaysia.

List of General licenses, which can be applicable to any business, include:

  • Company Registration
  • Company and staff revenue enhancement Registration
  • Employees Provident Fund
  • Social Security Organization
  • Human Resources Development Fund
  • Business Premise Licenses and construction Licenses
  • Businesses in Malaysia square measure needed to use for business premise licenses and construction licenses from the various State Authorities. the wants for the appliance might vary in line with every government agency.

Sector / Industry-Specific Licenses

Sector/Industry Specific licenses square measure licenses distinctive to a selected trade or sector that square measure such that by the govt. This involves major policies that controlled the event of bound industries or sectors in line with the event policy of the country.

Examples of Sector/Industry Specific licenses are:

  • Licenses associated with the producing Sector
  • A company with a paid capital/shareholder’s fund not surpassing RM2.5 million or work force but seventy-five folks might apply for a confirmation letter that the corporate is exempted from producing license approval. The individual ought to submit a replica of kind ICA ten at the side of a replica of the subsequent documents: – note and Articles of Association

– Certificate of Incorporation (Form 9)

– Registered Address (Form 44) For any data, please visit at MIDA’s website

  • Licenses associated with the Wholesale, Retail Trade
  • The most typical license needed for a distant in hand company is Wholesale, Retail Trade (WRT) License. This WRT license is applicable to any Foreign Participation (foreign equity at 51 and above) within the Malaysia Distributive Trade Services embrace wholesalers, retailers, suppliers, direct sellers, franchise practitioners, WHO channel their merchandise within the domestic market, and commission agents or alternative representatives together with those of international commerce corporations. The WRT license is needed by all the same business sectors before they will apply for an expert working papers. For WRT, the minimum paid up capital demand is RM 1 million, with company fully setup i.e. with business premises supported with valid agreement, abidance, connecter and etc. Can you see official gateway of Ministry of Domestic Trade, Co-operatives and Consumerism (MDTCC) for any details on WRT License
  • Licenses connected with the Telecommunication Sector
  • Licenses connected with the Broadcasting Sector
  • Licenses connected with the Oil Exploration Sector

When someone open a company in Malaysia, Chamber of Commerce want to explore that and develop upstream oil and gas reserves in Malaysia square measure needed to sign a production sharing agreement with Malaysian state company Petronas. For any data, please visit at Petronas web site

  • Licenses associated with the development

All corporations concerned in Building and Construction should acquire a license from the development trade Development Board (CIDB) before incorporating in Malaysia and before enterprise any construction and connected activities within the country. For any data, please visit at CIDB’s website

  • Licenses associated with the Banking Sector

Under the Banking and money establishments Act, 1989, the Malaysian financial organization licenses and regulates businesses like banking, cash broking, discount homes, provision of credit and finance, bourgeois banking, deposit taking and bound alternative money businesses. For any data, please visit at Bank Negara’s website

  • Activity specific licensing

Activity specific licensing square measure licenses that regulate explicit activity and will be applicable to 1 or additional Industries or Sectors. This class of license needs capitalist to adjust to sets of specific tips designed to guard the interest of the subject, employment, safety of staff, surroundings and general public.

Examples of Activity Specific Licenses are:

  • Certificate of Fitness for Certified Machinery
  • Approval for Expatriate Post
  • Approval to install/recite/alter pollution management instrumentation (bag filter and chimney)
  • Building arrange Approval
  • Sales Tax License

The higher than data could be a general guide towards creating the initial steps, call and designing for the meant business by potential investors and business homeowners.

Want to grasp your licenses? Go to our official website for any types of Business Guideline

Foreign companies in Malaysia


foreign companies in Malaysia

foreign companies in Malaysia

“foreign company” underneath the businesses Act 2016 (“CA 2016”) suggests that –

  • a company, corporation, society, association or alternative body incorporated outside Malaysia;
  • an unorganized society, association or alternative body that underneath the law of its place of origin could sue or be sued or hold property within the name of the secretary or alternative workplace of the body or association punctually appointed for that purpose and that doesn’t have its head office or principal place of business in Malaysia.

Every foreign company assuming to continue business in Malaysia shall register itself as a distant company underneath the CA 2016 with the businesses Commission of Malaysia (“SSM” or “the Registrar”). a distant company registered underneath the CA 2016 is usually said as a “branch office”.

See here:  how to open a company in Malaysia

Kensington company Services (Malaysia) Sdn. Bhd. could be a management services company in Malaysia and is in a position to help you with registration and administration of your branch workplace.

RESTRICTED ACTIVITIES

No foreign company is allowed to register to hold out wholesale and retail trade business in Malaysia. All wholesale and retail trade businesses with foreign interests should operate through a regionally incorporated company in Malaysia.

AGENT IN MALAYSIA

A foreign company should associate respect} times appoint an agent in Malaysia UN agency could be a person UN agency one could be a resident in Malaysia who shall –

  • be in command of all such acts, matters and things that area unit needed to be done by the foreign company underneath the CA 2016; and
  • be in person prone to all penalties obligatory on the foreign company for any dispute of the CA 2016 unless the agent satisfies the court hearing the matter that the agent mustn’t be

REGISTERED WORKPLACE

The foreign company should in the least times have a registered workplace among Malaysia. The registered workplace is wherever all communication and notices to the foreign company could also be addressed  and that shall be open and accessible to the general public throughout normal business hours.

CORPORATE revenue enhancement IN Malaysia ON BRANCH workplace

  • A Branch workplace is taken into account and taxed as non-resident company. it’s not eligible for any native tax advantages / incentives.
  • Tax rate of pure gold on profits due to the branch.

ANNUAL OBLIGATIONS OF BRANCH WORKPLACE

  • Annual come

Filed with the Registrar every year not later than thirty (30) days from the day of its registration date.

Audited money statements

Within 2 (2) months of its AGM, lodge with the Registrar a replica of the money statements to it company at the place of its incorporation or origin and a punctually audited statement showing the foreign company assets utilized in and liabilities arising out of its operations in Malaysia.

Accounting records

All accounting and alternative records which is able to sufficiently make a case for the transactions and money position of the foreign company arising out of its operations in Malaysia ought to be unbroken in Malaysia

Annual official document

It is mandatory for the foreign company to file official document with the Malaysian administrative body Board.

Contact with us for registering your Malaysia Business

S & F CONSULTING FIRM LIMITED__________
Email: malaysia@sfconsultingbd.com
Address: A-15-03 Tropicana Avenue, No 12 Persiaran Tropicana, Tropicana Golf & Country Resort PJU3, 47410 Petaling Jaya, Selangor, Malaysia.

CALL US FOR MORE DETAILS
(Land-Line-Call: +60378860995), +601136901890, +6591333515