AUTHENTIC MALAYSIA BUSINESS INFORMATION

Selamat Hari Merdaka 2020! 63 years of Malaysian independence!
National independence day greetings to all from - Lim & Ani Associates Sdn Bhd.
Creating business independence in Malaysia!

• COMPANY REGISTRATION
• BUSINESS NEWS MALAYSIA
• BUSINESS IDEAS IN MALAYSIA
• BUSINESS ADVISORY IN MALAYSIA
• DIGITAL CORPORATE SERVICES ONLINE
• MALAYSIA MY SECOND HOME (mm2h) ADVISORY
  

The COVID-19 outbreak has completely changed the way we live, the way we do business, and the way our economy functions as a whole. Many states are still in lockdown. More people are being asked to work from home. Video conferencing and Zoom have replaced face-to-face interactions. 

And with so many people being asked or choosing to spend the majority of their time at home, it’s been an especially difficult time for many small businesses.

But there’s one business model that’s booming in the midst of the coronavirus crisis—and that’s home delivery.

More consumers than ever are turning to delivery services to get the products they need (for example, downloads of the grocery delivery app Instacart increased a whopping 218 percent from February, before the pandemic really hit in the US, to March, when stay at home orders started to roll out across the United States). So, if you want to continue to drive sales, you should definitely consider pivoting your operations and moving towards a delivery model to better serve your customers.

But how, exactly, do you do that? Let’s take a deep dive into how business owners can run a successful delivery company during the COVID-19 crisis (and continue to drive sales and revenue as we navigate  the new normal):

Figure out how to pivot your business model to delivery
If delivery is uncharted territory for you and you’re offering delivery services for the first time, the first step to running a successful delivery company? Figure out how to pivot your current business model to delivery.

How to successfully pivot to delivery is going to depend on your business, your customers, and your bandwidth, but some questions you’ll want to keep in mind when figuring out your delivery strategy include:

• How will we deliver to our customers? Are we planning to partner with a third-party delivery service or are we going to handle deliveries in house?
• Are we going to be delivering our full product offerings or selected products? So, for example, if you’re a restaurant, are you going to be offering your full menu for food delivery or a limited menu of delivery-only items? Or, if you run a chain of grocery stores, are you going to list every item in your store for delivery or are you going to focus your delivery service on surplus inventory?
• What additional support do we need to pivot to delivery services (for example, additional staff, delivery bikes or vehicles, packaging, etc.)
• What kind of opportunity does delivery add to my business? For example, if the majority of your customers are within a five-mile radius of your business, there would be a lot of financial opportunity in delivery services—but if your customers are spread throughout the state, building an e-commerce website and shipping your products might make more sense.

Handle the logistics
Once you’ve figured out how to pivot towards delivery, it’s time to tackle the logistics of adding delivery services to your business.

While every business will have different logistical issues, some of the logistical tasks you’ll definitely want to tackle before launching delivery services include:

• Figure out your costs. Your delivery business isn’t going to be sustainable if you’re spending more money to deliver your products to your customers than you’re making on each sale; you need a positive cash flow to make it work. Look at all the costs associated with making deliveries (including gas and labor) to determine the minimum order amount and maximum delivery area that makes sense for your business. So, for example, you might deliver within a 5-mile radius for orders over $15—and any orders below $15 or outside of your delivery area would only be eligible for pick-up/take-out.
• Adjust your inventory and supply chain management as necessary. When you move your business from an in-person to a delivery model, you might need to adjust your inventory and supply chain management to support your new business needs. So, for example, if you run a clothing boutique, you’re not going to need as many in-store display items (like hangers or racks)—but you are going to need more boxes and bags to package your deliveries—or if you’re a restaurant and you’re shifting towards a limited delivery menu, you’re going to need to adjust your ingredient ordering to support your new dishes.
• Figure out staffing. Just like your supply needs may change when you pivot to delivery, so might your staffing needs. As you’re moving towards a delivery model, look at your current staffing and scheduling and determine how you’ll need to adjust to support your delivery services (for example, hiring delivery drivers or scheduling more staff to fill delivery orders during busy shifts). 
• Look into additional insurance needs. If you’re going to be handling deliveries in-house and transportation wasn’t a part of your prior business model, you may need to get additional insurance coverage to cover yourself and your business in the case of an accident or injury. Talk to your insurance company to see which option is the best fit for your business. 

Develop a system for managing delivery orders
When it comes to deliveries, there are a lot of moving parts; you need to keep track of your orders, collect payment, assign orders to delivery drivers, and make sure that each order is making it to your customer quickly, efficiently, and with each item they ordered and paid for. Without a clear system in place for managing your delivery orders, things can quickly devolve into chaos.

Which is why you need a system in place from the get-go. Before you launch your delivery services, you need a clear plan in place for:

• How customers submit orders (for example, will you be taking phone orders or should customers place delivery orders for your website?)
• How customers submit payment 
• How orders are fulfilled (for example, who is in charge of fulfilling orders as they come in? How long are you estimating it will take to fill orders?)
• How to assign delivery times
• How to check orders are accurate before they’re sent out for delivery
• How to assign orders for delivery drivers
• How to confirm orders are delivered and received by the customer

Once you’ve developed your delivery system, it’s important to make sure you implement any necessary technology (for example, secure payment processing or an order processing system) and train your staff. That way, when you launch your delivery service, everyone knows exactly how to take, fulfill, and deliver orders to your customers.

Spread the word about your delivery services
You can’t run a successful delivery company if no one knows you’re offering delivery services. So, one of the most important aspects of launching delivery? Getting the word out.

If you want your delivery services to take off, you need to let people know that you’re offering delivery. If you’ve been closed, email your customers to let them know you’re reopening as a delivery service. Share discount codes on your social media profiles to encourage your customers to order delivery. Look for creative ways to generate buzz around your new delivery services, like partnering with other small business owners to deliver local product packages or offering free delivery for frontline healthcare workers.

The point is, a clear marketing strategy is a key part of building any successful business—and if you want your delivery service to succeed, you need to spread the word to as many customers as possible.

Implement safety measures for your customers and delivery staff
The well-being of your customers and delivery personnel needs to be top priority when you’re delivering in the midst of the coronavirus pandemic—and that means taking the necessary safety precautions to protect them.

Make sure your team is practicing social distancing and taking proper sanitation measures when fulfilling delivery orders. Provide face masks, hand sanitizer, and gloves to your entire delivery staff. Offer contactless delivery options to minimize exposure between delivery personnel and customers. 

In the midst of the coronavirus pandemic, you can’t be too safe, so make sure you’re taking any safety precautions recommended from the CDC and World Health Organization and are doing everything necessary to protect yourself, your staff, and your customers.

Deliver your way to a more sustainable business
There’s no denying that small businesses have been hit hard by COVID-19. But by adding delivery services to your current business model, you can build a more sustainable business to carry you through these uncertain times—and emerge stronger on the other side.

This article was contributed by Deanna deBara and originally posted on Hourly.io
(Guest blog post)

For benefits like reduced tax liability, image credibility, and so on, Malaysia is fast becoming a place of interest by many investors to incorporate an offshore company. Labuan in Malaysia has gained its reputation as one of the few off-shore financial centers in Asia that attract many multi-national companies and investors across the world by using Malaysia as their international business heaven or doorway.

Like many other low tax jurisdictions, Labuan imposes no-tax or low-tax policy for the majority of companies with foreign or offshore sourced income. If your requirements are tax-free trading, asset protection, privacy, and more, then what you’re looking for is an offshore company, for which Malaysia Labuan state offshore companies are best.

Offshore company benefits in Malaysia

• 100% foreign ownership for foreigners. 
• Labuan is an independent state with its own laws.
• But, Labuan is still protected by Malaysia’s sovereignty.  
• Has no tax policies for any foreign company which draws investment into the region.  
• Corporate tax rates as low as 3%. 
• Faster setup process.
• Can trade with a Malaysian company or resident at a low tax rate of 25%.
• A properly structured company is legitimately tax-exempt from several areas of business. These include insurance, investment holding, trust management, fund management and offshore banking.  
• Investors and their families are eligible for a 2-year business visa. This can be extended to include parents as well.  
• The flexibility of either trading in Ringgit Malaysia or foreign currency bank accounts.  
• Can get MM2H easily in the state of Sarwak, Malaysia.

Offshore company problems in Malaysia

• Little costly registration process in USD.
• Can not do business out of Labuan state or in peninsular Malaysia.
• Directors can not live or get business visa in peninsular Malaysia.

Offshore taxation laws came into effect on 1 January 2019:

1. amendments to the Labuan Business Activity Tax Act 1990 (LBATA Amendments);
2. introduction of the new Labuan Business Activity Tax (Requirements for Labuan Business Activity) Regulations 2018 (Economic Substance Regulations); and
3. introduction of the new Income Tax (Deductions Not Allowed for Payment Made to Labuan Company by Resident) Rules 2018 (Disallowed Deductions Rules).
   

Offshore company registration fee in Malaysia
Labuan company registration fee is usually from USD 1000 to USD 1500, the full package can cost USD 5000 to USD 5500, the annual maintenance fee is USD 2500 to USD 2600. We are offering one of the best experienced Labuan or Offshore company registration or setup services at a very competitive price.

Fill up the form below to get our services quotation for an offshore company in Malaysia with the details of our services.

We are also offering inshore or SDN BHD (Pvt. Ltd.) company registration services also with all the legal business management process.

Why Lim & Ani Associates Sdn Bhd
We are providing one of the best business & company services in Malaysia, with experienced & licensed company secretaries, professional accountants, auditors, tax & SST experts, expert business advisors in Malaysia.  As one of the best leading corporate advisors, we make sure that your company registration, investment, business management in Malaysia runs smoothly & tensions free, while meeting all the existing compliance laws and regulations.

Our advisory line to discuss more about starting business with business management
+60108242527 (whatsapp available)
+601121189303 (whatsapp available)

Call, Email, or text us & take an appointment from the website to visit our office in Malaysia.
LIM & ANI ASSOCIATES SDN BHD
Call: +60108242527 (imo, whatsap & Viber)
Call: +601121189303
Call: +603-84081680 (office landline)
Email: advisory@mbbusinessjoint.com
www.mbbusinessjoint.com

• COMPANY REGISTRATION
• BUSINESS NEWS MALAYSIA
• BUSINESS IDEAS IN MALAYSIA
• BUSINESS ADVISORY IN MALAYSIA
• DIGITAL CORPORATE SERVICES ONLINE
• MALAYSIA MY SECOND HOME (mm2h) ADVISORY
  

Start an export-import business in Malaysia this 2020, to import or export goods in Malaysia all traders first need to do export-import company registration in Malaysia (as per company act 2016) with a legal company secretary service provider, like us Lim & Ani Associates, providing company secretary, accounting, taxation, business advisory service, export-import licenses process, warehouse & office rental, supplier contact, shipping support, banking & LC support, etc. a one-stop business solution in Malaysia. 

Once registered, a business bank account is done with formal office setup, the company should apply for an import license from the Ministry of International Trade and Industry (MITI).

• When bringing goods into or out of Malaysia, need to provide the following documents to customs officials. Customs Export or Import Declaration
• Commercial Invoice
• Bill of Lading
• Packing List
• Certificate of Origin

Permits required for certain exported goods
Certain goods require additional approvals from affected ministries under the Customs (Prohibition of Export Order, 1998) :

• Wastes and toxins (Director General of Environmental Quality)
• Animals – dead or alive (Permit from Wildlife Department & Department of Veterinary Services)
• Coral used in jewelry (Export permit from Director General of Fisheries)
• Wheat or Meslin Flour (Permit issued from Ministry of Domestic Trade and Consumer Affairs)
• Pesticides (Ministry of Agriculture)

Tariff & Tax
 Malaysia follows the Harmonized Tariff System (HTS) for imported and exported goods not originating (ASEAN). For goods arriving from ASEAN member states, Malaysia follows the ASEAN Harmonized Tariff Nomenclature (AHTN).

Free Trade Zone
Port Klang Free Trade Zone is a very popular one, as port Klang is the commercial sea gateway of the Malaysian trade system. This zone includes 1000 acres of land, with many benefits for local & foreign investors.

Malaysia is a partner to seven bilateral free trade agreements (FTAs) and six regional FTAs. Malaysia has signed bilateral FTAs with:

• Australia;
• Chile;
• India;
• Japan;
• New Zealand;
• Pakistan; and
• Turkey.

Conditions & procedures of applying the licenses
Companies need to be registered in Malaysia under SSM. Companies need to submit the Application Form together with:

1. Customs Form JK69 or K2.
2. Memorandum and Article of Association (M & A).
3. Super form: Information of Shareholders.
4. Super form: Information of directors, secretary of the company

PROHIBITION/RESTRICTION OF EXPORTS
 - The following goods are absolutely prohibited from exportation:

• Turtle eggs.
• Rattan from Peninsula of Malaysia.

- The following are some of the goods which require an export license/permit from relevant authorities:

• Any animal or bird, other than a domestic animal or domestic fowl, whether alive or dead or any part thereof.
• Live animals from bovine species.
• Poultry.
• The meat of bovine animals.
• Cockles. 
• Plants including orchids.
• Vegetables, fresh, chilled, or frozen in excess 3kg per consignment.
• Palm kernels and palm seeds.
• Military clothing and equipment.
• Arms and ammunition.
• Antiquities as defined or stated in any written law in Malaysia.
• Sugar and rice
• Coral, alive or dead.
• Live prawns/shrimps/fish.
• Collections of zoological, botanical, mineralogical, anatomical, historical, archaeological, or ethnographical with numismatic interest.

As a main sector of business Malaysia govt & Industry development authority welcoming Traders from home & abroad to invest in Malaysian international trading with a defined business law & flexible policy. The investor-friendly world-class infrastructure giving a boost to investor's business & profit, land & sea communication also a blessing in Malaysia, with a vast source of educated manpower & defined taxation policy.

Why Lim & Ani Associates Sdn Bhd
We are providing one of the best business & company services in Malaysia, with experienced & licensed company secretaries, professional accountants, auditors, tax & SST experts, expert business advisors in Malaysia.  As one of the best leading corporate advisors, we make sure that your company registration, investment, business management in Malaysia runs smoothly & tensions free, while meeting all the existing compliance laws and regulations.

Our advisory line to discuss more about starting business with business management
+60108242527 (whatsapp available)

Call, Email, or text us & take an appointment from the website to visit our office in Malaysia.
LIM & ANI ASSOCIATES SDN BHD
Call: +60108242527 (imo, whatsap & Viber)
Call: +601121189303
Call: +603-84081680 (office landline)
Email: advisory@mbbusinessjoint.com
www.mbbusinessjoint.com

• COMPANY REGISTRATION
• BUSINESS NEWS MALAYSIA
• BUSINESS IDEAS IN MALAYSIA
• BUSINESS ADVISORY IN MALAYSIA
• DIGITAL CORPORATE SERVICES ONLINE
• MALAYSIA MY SECOND HOME (mm2h) ADVISORY
  

Photo credit: Bernama

Malaysia ranked in the top 5 best countries in the world for successfully fighting COVID-19. According to Bernama, Senior Minister (Security Cluster), Datuk Seri Ismail Sabri Yaakob said that Malaysia has been recognized as among the five nations in the world to have succeeded in controlling the spread of COVID-19. The recognition comes after a global survey where the government's actions in controlling the spread of the virus were well accepted by the people. 

"People acceptance of the government's actions received recognition in a global survey where Malaysia was ranked among the top five countries in the world, with the highest public approval," he said during the daily press conference on the last 14 June.

We appreciate all people in Malaysia and our national heroes – the front-liners! They made an example for other nations in the world. Together we can fight the spread of COVID-19. 

Malaysia already entered in the recovery period (RMCO). The government announced business packages to revive the local economy after lock-down. The Ministry of Entrepreneur Development and Cooperatives (MEDAC) will allocate RM452.8 million to assist COVID-19 affected entrepreneurs under a business recovery plan to support the stability of the entrepreneurial structure of Malaysia. The allocation expected to benefit more than 21,847 micro-entrepreneurs, small and medium enterprises & social entrepreneurs.

Now it's the best time to think about investing in Malaysian business entrepreneurship sector & start a new business or startup. This smart business aids will boost-up your business & let you grow to-gather with Malaysia & sustainable Malaysian economy. This why investors & businessmen in Malaysia should start business with legal company & business licenses to claim this aids.

Why Lim & Ani Associates Sdn Bhd
We are providing one of the best business & company services in Malaysia, with experienced & licensed company secretaries, professional accountants, auditors, tax & SST experts, expert business advisors and we are offering a one-stop business service in Malaysia.  As one of the best leading corporate advisors, we make sure that your company registration, investment, business management in Malaysia runs smoothly & tensions free, while meeting all the existing compliance laws and regulations.

Our advisory line to discuss more about starting business with business management
+60108242527 (whatsapp available)

Call, Email, or text us & take an appointment from the website to visit our office in Malaysia.
LIM & ANI ASSOCIATES SDN BHD
Call: +60108242527 (imo, whatsap & Viber)
Call: +601121189303
Call: +603-84081680 (office landline)
Email: advisory@mbbusinessjoint.com
www.mbbusinessjoint.com

• COMPANY REGISTRATION
• BUSINESS NEWS MALAYSIA
• BUSINESS IDEAS IN MALAYSIA
• BUSINESS ADVISORY IN MALAYSIA
• DIGITAL CORPORATE SERVICES ONLINE
  
• MALAYSIA MY SECOND HOME (mm2h) ADVISORY

In a statement 1st July 2020, immigration director-general Khairul Dzaimee Daud said all parties with MM2H matters to attend to would need to go to the immigration department headquarters in Putrajaya.

From July 6, the immigration department will handle all matters related to the Malaysia My Second Home (MM2H) program which allows foreigners to stay in the country for a period of 10 years as a retirement program. But, applications (for visa holders) to return to Malaysia will still go through the tourism, arts and culture ministry.

This follows a report that the MM2H center in the tourism ministry had been closed “until further notice”, amid talk that 90% of applications for the program had been rejected.

Newsource: freemalaysiatoday

OUR LEGAL ADVISORY ON MM2H (Malaysia My Second Home) PROGRAM

Who & why should apply for mm2h in Malaysia

• Who have RM 150,000 to RM 300,000.
• Culture of east and the modern life of west.
• Relocate family to a developed country.
• Diversity of multicultural society.
• Best health care policy for family.
• Educate children with a great future.
• Property investment.
• Invest in profitable Asian hub.
• Enjoy tax benefits to secure wealth
• Politically stable country.
• Progressive Muslim friendly environment.

Let's see how to save your self

1. Do mm2h from Malaysia, not from other country agents, who are doing process for money only & make fake promises. Legal advisors in Malaysia will be best to assure your rights, legal policy & better process. 
2. Consult before application with legal advisors like us who know the proper legal process and legal investment business policy or provide lawyer advisory & support.
3. Check proper law before trusting on anybody.
4. Mm2h is a 10 years multiple visa only, it's not a PR or citizenship.
5. Remember there is no CONTRACT or under table system in MM2H.
6. Can consult with someone already have MM2H & actually rustable.

According the new rule
Above 50 years old applicants liquid bank deposit need to show RM 350,000.

•  Deposit in Malaysian bank account Rm 150,000 (after approval)

Bellow 50 years old applicants liquid bank deposit need to show RM 500,000.

• Deposit in Malaysian bank account Rm 300,000 (after approval)

1. You must have own earning, can not do any BUSINESS OR JOB in Malaysia (we can only help you to invest legally as an investor only, under a company board or trustee).
2. Mm2h holders can not open business/current bank account.

Keep in mind

1. Children older than 21 years or married, can not get dependents visa under you.
2. Your dependents can not do work also, only can study.
3. Malaysian process should be done from Malaysia, to check the actual outcome.
4. Don't do any Malaysian investment, business or mm2h process from Bangladesh, India or Pakistan & from those agents who are cheating you only. You must do it from legally registered firms in Malaysia or advisors who are experts in these sectors or have genuine clients.

Free counseling & legal advisory: +60108242527 (whatsapp available)

We ensure INVESTMENT process legally in MM2H for our clients, with our legal nominee board services, investment & business management services, business lawyer, chartered accounting, taxation & banking support. Don't get fraud, know the truth to plan & process for better future, before you apply for second home.

• CLICK HERE FOR MM2H APPLICATION REQUIREMENT, PROCESS & COSTING

Why Lim & Ani Associates Sdn Bhd
We are providing one of the best business & company services in Malaysia, with experienced & licensed company secretaries, professional accountants, auditors, tax & SST experts, expert business advisors and we are offering a one-stop business service in Malaysia.  As one of the best leading corporate advisors, we make sure that your company registration, investment, business management in Malaysia runs smoothly & tensions free, while meeting all the existing compliance laws and regulations.

Call, Email, or text us & take an appointment from the website to visit our office in Malaysia.
LIM & ANI ASSOCIATES SDN BHD
Call: +60108242527 (imo, whatsap & Viber)
Call: +601121189303
Call: +603-84081680 (office landline)
Email: advisory@mbbusinessjoint.com
www.mbbusinessjoint.com

• COMPANY REGISTRATION
• BUSINESS NEWS MALAYSIA
• BUSINESS IDEAS IN MALAYSIA
• BUSINESS ADVISORY IN MALAYSIA
• MALAYSIA MY SECOND HOME (mm2h) ADVISORY
  

The construction or real estate development sector in Malaysia is playing a very important role in the economic growth in terms of generating vast revenue. Mega infrastructure development projects in Malaysia, growing this industry more profitable. The construction sector includes residential construction, non-residential construction, civil engineering and mega govt allowed projects. Malaysia govt welcoming legal investments with a positive Foreign Direct investment, business & tax policy. Construction in Malaysia averaged 12208.37 MYR Million from 2010 until 2020.

Same as other businesses, you will need a construction company to do construction business in Malaysia. Company registration, banking, basic papers all might be the same but to do construction business there are some specific licenses you will need. As usual under company act 2016 you will need to SDN BHD company registration, After getting company registration, you have to bank account & get CIDB (Construction Industry Development Board) license.

• CLICK HERE FOR COMPANY REGISTRATION IN MALAYSIA PACKAGE SERVICES & FEE

Construction Industry Development Board (CIDB) 
CIDBis a compulsory requirement for all types of companies operating in the Malaysian construction sector. Effective from 20 July 1995, all local or foreign contractors must register with the Construction Industry Development Board under Section 25 of Act 520 (Amendment 2011) before undertaking and completing any construction work in Malaysia unless they granted an exemption under Section 40 (1) of the Construction Industry Development Board of Malaysia Act 1994 (Act 520). This license is renewable and available for a period of a minimum of one year to three years. Applicant companies will need to pay a certain tax when applying for the construction license according to the grades of CIDB variation. Depending on CIDB grade construction companies can do the full project, development, or sub-construction contracts. With CIDB license what construction services a construction company can provide:

• civil engineering construction;
• building construction;
• mechanical construction;
• electrical construction.

There are specific 7 grades for CIDB registration, from G1 to G7. But mostly used are G5 & G7. Contractors or companies need to inform CIDB about any projects worth more than RM 500,000 and pay levy according to policy. If failed to inform the CIDB authority it can cause a fine & other legal actions.

CIDB APPLICATION 
To obtain CIDB license companies must have paid capital (as per category requirement), 1 civil & 1 mechanical engineer (diploma engineer also work) from Malaysia, share distributions if have foreign shareholders in the company, an office address, a registered company secretary office address, etc. 

OUR CIDB APPLICATION SERVICES
In this process we help our clients to complete the application process with company documents preparation, CTC, paid up capital documentation, recruit local engineers, legal business advisory according updated authority law.

After CIDB there are few more licenses or papers companies must have to operate construction business in Malaysia, such as; Bumiputera Status Certificate to participate in government projects, etc. Construction companies are always labour related so we also advise interested investors to be aware of & follow MALAYSIAN EMPLOYMENT ACT 1955.

Why Lim & Ani Associates Sdn Bhd
We are providing one of the best business & company services in Malaysia, with experienced & licensed company secretaries, professional accountants, auditors, tax & SST experts, expert business advisors and we are offering a one-stop business service in Malaysia.  As one of the best leading corporate advisors, we make sure that your company registration, investment, business management in Malaysia runs smoothly & tensions free, while meeting all the existing compliance laws and regulations.

Our advisory line to discuss more about starting a business & company in Malaysia
Call: +60108242527 (whatsapp available also)

Call, Email, or text us & take an appointment from the website to visit our office in Malaysia.
LIM & ANI ASSOCIATES SDN BHD
Call: +60108242527 (imo, whatsap & Viber)
Call: +601121189303
Call: +603-84081680 (office landline)
Email: advisory@mbbusinessjoint.com
www.mbbusinessjoint.com

• COMPANY REGISTRATION
• BUSINESS NEWS MALAYSIA
• BUSINESS IDEAS IN MALAYSIA
• BUSINESS ADVISORY IN MALAYSIA
• MALAYSIA MY SECOND HOME (mm2h) INVESTMENT ADVISORY
  

AGRICULTURE AND FISHERIES BUSINESS SETUP IN MALAYSIA WITH COMPANY

The agriculture and fisheries industry alone contributed 8.2 per cent of Malaysia’s GDP in the year 2017. The food base agriculture industry includes commodities such as rice, fruits, vegetables, fisheries and livestock. the main institution which handles the development of the field is the Ministry of Agriculture and Agro-Based Industry (MOA).

In order to start a business in Malaysia, investors need to open a company in Malaysia, In most of the cases which should be a SDN. BHD. comapny. Foreigners are allowed to set up a company with 100% foreign capital, which is usually registered as a limited company (SDN. BHD.). However, it is important to know that all the companies registered here require at least two directors, at least one of them must be residents of Malaysia. At the same time, it is compulsory to have a business address registered in Malaysia, as well as a corporate bank account.
Our team of associate business specialists, company secretaries & legal business advisors in Malaysia can assist investors with company registration & business setup including agriculture or fisheries land lease & licenses. 

Malaysia has a network of farmers’ organizations that come under the administrative jurisdiction of the Farmers’ Organization Authority, a statutory body under the supervision of the Department of Agriculture. Under the Farmers’ Organization Act 1973, any person engaged in agricultural or livestock production is eligible to be a member of, and to form, a farmers’ organization registered under the Act.

Land acquisition
Identify and summarize the legislation addressing agricultural property transactions in your jurisdiction. Outline how farmland is typically held.
Pursuant to the Federal Constitution of Malaysia (the Constitution), land matters generally lie within the jurisdiction of the various state governments:

1. The National Land Code 1965 (NLC), which contains provisions relating to land and land tenure, the registration of title to land and of dealings therewith, within Peninsular Malaysia and Labuan.
2. The Sarawak Land Code (Chapter 81), which governs all matters relating to land in the state of Sarawak, including:

• land tenure.
• registration of titles relating to land.
• transfer of land.
• leases and charges in respect of land.
• easements and other rights and interests in land in the state.

Labor & worker policy for agriculture sector
There are no specific rules or laws governing the rights of workers for agricultural operations. As is the case with workers from other industries, the rights of workers for agricultural operations are primarily covered under the:

• Employment Act 1955;
• Industrial Relations Act 1967;
• Minimum Retirement Age Act 2012;
• Minimum Wages Order 2016;
• Employees Provident Fund 1991; and
• Employees Social Security Act 1969.

Foreign workers for agriculture sector in Malaysia
Non-citizens working in Malaysia must obtain the applicable work permits, depending on the types of work carried out. Under Malaysian immigration laws, foreign workers are only permitted to work in the following sectors:

• manufacturing;
• construction;
• plantation;
• agriculture; and
• services.

Workers in the agriculture sector may be sourced from countries such as Thailand, Cambodia, Myanmar, Laos, Kazakhstan, Nepal, Pakistan, Sri Lanka, Turkmenistan, Uzbekistan, Bangladesh, India, Indonesia, the Philippines and Vietnam.

Law regarding export-import agriculture goods
The Customs (Prohibition of Imports) Order 2017 and the Customs (Prohibition of Exports) Order 2017 issued pursuant to the Customs Act 1967 list goods that are either absolutely prohibited, or which may be imported or exported subject to the importer or exporter obtaining the relevant import or export license from the specified authority.

• CLICK HERE FOR COMPANY REGISTRATION IN MALAYSIA PACKAGE SERVICES & FEE
  

Why Lim & Ani Associates Sdn Bhd
We are providing one of the best business & company services in Malaysia, with experienced & licensed company secretaries, professional accountants, auditors, tax & SST experts, expert business advisors and we are offering a one-stop business service in Malaysia.  As one of the best leading corporate advisors, we make sure that your company registration, investment, business management in Malaysia runs smoothly & tensions free, while meeting all the existing compliance laws and regulations.

Our advisory line to discuss more about starting a business & company in Malaysia
Call: +60108242527 (whatsapp available also)

Call, Email, or text us & take an appointment from the website to visit our office in Malaysia.
LIM & ANI ASSOCIATES SDN BHD
Call: +60108242527 (imo, whatsap & Viber)
Call: +601121189303
Call: +603-84081680 (office landline)
Email: advisory@mbbusinessjoint.com
www.mbbusinessjoint.com

• COMPANY REGISTRATION
• BUSINESS NEWS MALAYSIA
• BUSINESS IDEAS IN MALAYSIA
• BUSINESS ADVISORY IN MALAYSIA
• MALAYSIA MY SECOND HOME (mm2h) ADVISORY
  

A joint venture is a strategic business arrangement or collaboration between two or more parties, where these parties agree to share their expertise, experience, and resources to accomplish a common business activity, goal, or project. In Malaysia, the company to enter a Joint Venture should be SDN. BHD. (Pvt. Ltd) & should have a paid-up capital of at least RM 350,000 to RM 500,000. But if foreign parties involved for licenses and other processes we suggest our clients to do company with a minimum authorized capital of RM 1 million. Joint ventures in Malaysia can also be set up as partnerships between locals & foreigners, in which the purpose will also be a common business goal. 

In a simple word we can tell, if you don't have enough capital or money to start a medium or big scale business, don't have jurisdiction to run a business alone in a foreign land, don't have enough management support or time for management, you can join with other businessmen, investor, companies or local partners to gather enough money, capital, management aid, legal business aid, legal policy support to start the business. Famous electric device brand SONY ERICSSON is one of the best example for the Joint Venture business.

Types of Joint Ventures
1. Incorporated Joint Venture
2. Unincorporated Joint Venture

The Joint Venture Agreement
A joint venture agreement is a definitive agreement that establishes the joint venture between the parties to the intended joint venture. A joint venture agreement should outline the contributions, expectations, obligations, rights, and duties and responsibilities of all relevant parties to the intended joint venture.

Factors to Consider Before Entering a Joint Venture
There are many factors for parties to consider before entering a joint venture. Usually business advisors like - Lim & Ani Associates do ensure this sort of issues & risk factors as legal business advisors in Malaysia:

1. Identity of the parties
2. Financial statements & credibility
3. Corporate structure
4. Company incorproation
5. Accounting & taxation records 
6. Nature and scope of business
7. Objectives of the parties for the joint venture
8. Share distribution & security between parties

Parties should consider appointing a legal professional to conduct preliminary due diligence on parties to an intended joint venture to avoid the possibility of future setbacks. This essentially minimizes future risks and promotes transparency between all parties to the joint venture, which services are also a specialty for us - Lim & Ani Associates Sdn Bhd Malaysia.

Our advisory line to discuss more +60108242527 (whatsapp available also)

Joint Venture in Malaysian Markets
A common use of JV is to partner up with an individual or group of local or foreign businessmen to enter a foreign market. Businessmen who want to invest & start a business in new countries can usefully enter into a JV agreement to make secure, stable investment & get local management facilities, business security with local businessmen or companies. If you don't have enough experience in business, then having experienced partners can boost up your business & profit more. Where in a business ranked country like Malaysia it has a better opportunity if done by legal & experienced experts.

In the last few years we have successfully launched, consulted & did the setup for many Joint Venture businesses for our clients, which are very profitable such as; stores, automobile (car wash/car rental), factories, agro firming, restaurants & export-import trading. We are experienced enough practically to register & se-tup a better Joint Venture business for you in Malaysia with local businessmen & entrepreneurs to make it safe, secure, bigger & better. 

We are solving all issues of Joint Venture in Malaysia, such as finding trustworthy partners, incorporate companies to make JV, finding suitable business, legal JV agreement, fund management, lawyer services, risk management, insurance services, share distribution, banking, audit & taxation, etc.  We are providing premium services by implementing FDI (Foreign Direct Investment) process & facilities in Joint Venture to make business & investment in Malaysia more easy & profitable.

Usually it's possible to start Joint Venture in small business also, you can start JV by normal or equity shares of minimum RM 50,000 to RM 100,000 to above. Where ROI & profit can be shared 50/50 or as per share portion. We are also giving JV partnership supports to the foreign clients, being their working local management partners to ensure secure business in Malaysia for our clients.

As No. 1 business & investment friendly country in the world 2019 (CEOworld magazine) Malaysia is the best option to start your Joint Venture in planned & secure investment. Our advisors are always here in Malaysia to support, consult & plan for you.
Free consulting line: +60108242527 (whatsapp avaialble also)

CLICK HERE TO KNOW ABOUT PROFITABLE BUSINESS IDEAS IN MALAYSIA

To know more, counseling & planing with advisors, agreement discussion, etc, contact us any time & visit our office in Malaysia.
LIM & ANI ASSOCIATES SDN BHD
Call: +60108242527 (imo, whatsap & viber)
Call: +601121189303
Call: +603-84081680 (office landline)
Email: advisory@mbbusinessjoint.com
www.mbbusinessjoint.com

• COMPANY REGISTRATION
• BUSINESS NEWS MALAYSIA
• BUSINESS IDEAS IN MALAYSIA
• BUSINESS ADVISORY IN MALAYSIA
• MALAYSIA MY SECOND HOME (mm2h) INVESTMENT ADVISORY
  

In a statement today, the airline said it will adjust its network capacity from time to time to ensure passenger demands are met prior to normalizing the schedule in October for both domestic and international destinations.

For international connectivity, which will begin only in July, flights between KL and Dhaka, Kathmandu, London, Osaka, Narita, Incheon, Hong Kong, Perth, Denpasar, Phuket and Cambodia will be twice a week.

However, the twice per week connectivity with Melbourne will only be from July 1 to July 18, and for Sydney, it will only be for five days from July 1 to July 5. Following that, flights from KL to Melbourne and Sydney will be once per week.

Flights between KL and Chennai, Hyderabad, Mumbai, Bangalore, Cochin, Sri Lanka, Taipei, Guangzhou, Adelaide, Brisbane as well as Surabaya will be once a week.
KL-Manila flights will be three times weekly, while Kuala Lumpur-Jakarta/Bangkok will be four times weekly and Kuala Lumpur-Singapore will be five times per week.

“We are pleased to announce the resumption of our services by increasing the capacity of domestic and international routes and we look forward to welcoming our passengers back on board,” said its group chief executive officer (CEO) Captain Izham Ismail.

News Source: theedgemarkets

Malaysian lock-down CMCO is annouced cancel alredy & Malaysia is now entering the recovery movement control order (RMCO). Except bars, clubs & educational institution all other business are open already for operation. 

The Ministry of Entrepreneur Development and Cooperatives (MEDAC) will allocate RM452.8 million to assist COVID-19 affected entrepreneurs under a business recovery plan to support the stability of the entrepreneurial structure of Malaysia. The allocation is expected to benefit more than 21,847 micro entrepreneurs, small and medium enterprises & social entrepreneurs.

Now it's the best time to think about investing in Malaysian business entrepreneurship sector & start a new business or startup. This smart business aids will boost-up your business & let you grow to-gather with Malaysia & sustainable Malaysian economy. This why investors & businessmen in Malaysia should start business with legal company & business licenses to claim this aids.

This is why, investors from all over the world come to Malaysia with family & kids because of security, respect & loving nature which are the best gift of daily Malaysian life, which is hard to find in many other countries in the world. Invest in Malaysia this 2020, as a foreign direct investment for a better future & family. We are offering many business varieties in various investment budget for foreign investors to make a profitable business investment as per their budget, so everyone gets a fair chance to make genuine investment & business in Malaysia to grow together with Malaysia.

Why Lim & Ani Associates Sdn Bhd
 We are providing one of the best business setup & company registration services in Malaysia, with experienced & licensed company secretaries, professional accountants, auditors, tax & SST experts, business advisors - a one-stop business solution in Malaysia.
As one of the best leading corporate advisors, we are offering services bellow as per business act 2016 & Malaysian Government policy;

1. Company registration.
2. Business setup advisory.
3. Accounting & Audit.
4. Taxation & SST.
5. Business licenses advisory.
6. Professional global business advisory.
7. Marketing & planning.
8. Legal business policy & HR management.
9. Business survival & transformation advisory.

Our advisory line to consult more +60108242527 (whatsapp available also)

Call, Email or text us & take an appointment from the website to visit our office in Malaysia.
LIM & ANI ASSOCIATES SDN BHD
Call: +60108242527 (imo, whatsap & viber)
Call: +601121189303
Call: +603-84081680 (office landline)
Email: advisory@mbbusinessjoint.com
www.mbbusinessjoint.com

• COMPANY REGISTRATION
• BUSINESS NEWS MALAYSIA
• BUSINESS IDEAS IN MALAYSIA
• BUSINESS ADVISORY IN MALAYSIA
• MALAYSIA MY SECOND HOME (mm2h) ADVISORY