Malaysia is taking a major step toward digital transformation in 2025 with the full implementation of the e-Invoicing system. This system, initiated by the Inland Revenue Board of Malaysia (LHDN), will soon be mandatory for all businesses. It aims to improve tax compliance, reduce fraudulent practices, and simplify financial and administrative operations for companies of all sizes.

What is the e-Invoice System?
An e-Invoice is a digital version of a traditional paper invoice. It records details of a business transaction between a supplier and a buyer, including goods or services provided, pricing, tax, and more. Unlike paper invoices, e-Invoices are created, submitted, validated, and stored electronically via LHDN’s official portal — MyInvois.

Why the e-Invoice System is Being Introduced:

• To improve transparency in financial reporting and reduce underreporting of income
• To provide real-time visibility of transactions to tax authorities
• To help businesses cut down on paperwork and administrative overhead
• To strengthen efforts against tax evasion and increase overall tax compliance

How Does the e-Invoice System Work?
The system follows a few simple but powerful steps:

1. Create Invoice: The seller uses their billing or accounting software to generate the invoice.
2. Submit to LHDN: The invoice is sent to the MyInvois platform where it is reviewed.
3. Validation: LHDN instantly checks and validates the invoice for accuracy and compliance.
4. Delivery to Buyer: Once validated, the invoice is delivered electronically to the buyer.
5. Storage: Both parties retain digital copies of the invoice, simplifying audits and recordkeeping.

This process ensures every invoice is authenticated and securely stored, reducing human error and duplication.

e-Invoice Submission Process
To comply with the e-Invoicing system, businesses will follow a specific submission process:

1. Access MyInvois Portal: Register and access the MyInvois platform provided by LHDN.
2. Invoice Generation: Prepare invoice data in the required format (JSON or through integrated accounting software).
3. Submit for Validation: Send the invoice to LHDN’s portal for real-time validation.
4. Receive Clearance: Once validated, LHDN provides a Unique Identifier and QR code for the invoice.
5. Send to Buyer: Share the validated e-Invoice with the buyer along with the clearance details.
6. Keep Records: Retain the validated invoice for audit and reference purposes.

MyInvois also offers APIs for automated integration, allowing companies to submit and retrieve invoices directly from their existing accounting systems.

Implementation Timeline
To give businesses time to adjust, LHDN is rolling out the e-Invoice system in phases:

• 1 August 2024: Mandatory for businesses with annual turnover exceeding RM 100 million.
• 1 January 2025: Applies to businesses with annual turnover between RM 25 million and RM 100 million.
• 1 July 2025: Becomes mandatory for all businesses, regardless of size or revenue.

By July 2025, every business operating in Malaysia must adopt e-Invoicing practices.

Penalties for Non-Compliance
Failure to comply with e-Invoicing requirements may result in the following penalties:

• Administrative Fines: LHDN may impose monetary fines for not issuing or validating invoices.
• Audit Risks: Non-compliant businesses may be subject to more frequent and detailed audits.
• Business Delays: Invalid or rejected invoices can disrupt payment and delivery processes.
• Tax Filing Issues: Discrepancies between invoicing and tax reports may trigger investigations.

Ensuring timely and accurate submission of e-Invoices is critical to avoid penalties and maintain good standing with LHDN.
​
Key Benefits of e-Invoicing
Adopting e-Invoicing offers multiple long-term advantages:

• Better Compliance: Ensures that tax filings match actual business activity
• Improved Efficiency: Reduces time spent on manual paperwork and repetitive tasks
• Cost Savings: Minimizes costs related to printing, mailing, and storing paper documents
• Faster Processing: Improves payment cycles and reduces disputes with buyers
• Stronger Audit Trails: All transactions are easily traceable and archived in digital form

What Businesses Should Do to Prepare
Here’s how you can start getting ready for e-Invoicing:

1. Learn the Guidelines: Read and understand the e-Invoice requirements from LHDN.
2. Assess Your Systems: Check if your current accounting software can connect with MyInvois.
3. Upgrade or Integrate: Work with vendors or consultants to upgrade your systems if necessary.
4. Staff Training: Make sure your finance and admin teams are trained to handle e-Invoices.
5. Get Professional Help: Consult experts to ensure smooth adoption and full compliance.

Lim & Ani Advisory Team: Your Partner in e-Invoicing Success
Adopting a new system like e-Invoicing can be challenging, but with the right guidance, it becomes a smooth journey. At Lim & Ani Associates, we provide complete support to help you understand, implement, and maintain the e-Invoicing system in line with LHDN’s guidelines.
Our advisory services include:

• Business system assessments and readiness evaluations
• Hands-on integration support with the MyInvois portal
• Customized staff training for easy onboarding
• Real-time support and updates on compliance changes

We work with small startups to large enterprises to ensure that you stay on top of regulatory changes while focusing on growing your business.

​Call, Email or text us & take an appointment from the website to visit our office in Malaysia.
LIM & ANI ASSOCIATES SDN BHD
Call: +601126664168
Call: +60102069253
Call: +603-58856648 (office landline)
Email: [email protected]
www.mbbusinessjoint.com

When expanding your business in Malaysia or hiring expatriates for specialized roles, navigating the immigration system can often be overwhelming. Fortunately, Malaysia's Expatriate Services Division - ESD has streamlined the process, offering companies a more efficient and centralized way to manage expatriate work permits and business visas.

Here, we will discuss what the ESD is, why it's essential for foreigners applying for business visas in Malaysia, and how Lim & Ani Associates can assist with the Company Registration in Malaysia and ESD Process for 2025.

What is the Expatriate Services Division (ESD)?
The Expatriate Services Division (ESD) is a specialized department under the Immigration Department of Malaysia, aimed at simplifying the process of obtaining work permits and immigration approvals for expatriates coming to Malaysia for employment.

The ESD’s one-stop portal allows businesses to submit all expatriate-related immigration matters online. This service improves efficiency by reducing paperwork, approval times, and simplifying the process for both expatriates and their employers. By collaborating with multiple government agencies, including TalentCorp, the Ministry of Foreign Affairs, and the Royal Malaysian Police, the ESD ensures that applications are processed swiftly while complying with immigration laws.

Why Do Foreigners Need ESD for Business Visas?
If you are a foreigner or an international company looking to hire expatriates in Malaysia, understanding and utilizing the ESD system is crucial for obtaining the right business visas. The two most common work permits for expatriates in Malaysia are the Employment Pass (EP) and the Professional Visit Pass (PVP).

1. Simplified Application Process
The ESD portal allows businesses to submit all their immigration applications online, reducing the need for multiple visits to various departments. This centralization of services makes the entire process faster and more convenient.

2. Faster Approvals
In December 2023, the ESD announced that projections and applications for expatriate visas would be approved on the same day. This is a significant improvement from the previous four-week processing time, allowing companies to expedite their hiring and workforce planning.

​3. Range of Work Permits
Through ESD, expatriates can apply for a variety of work visas, including:

• Employment Pass (EP): For long-term, skilled workers.
• Professional Visit Pass (PVP): For short-term assignments, training, or business visits.
• Dependent Pass: For family members of expatriates.
• Long-Term Social Visit Pass and Foreign Maid Pass for non-working purposes.

4. Efficient Quota System
The ESD system includes a projection (quota) system where companies can project their expatriate needs for the following year. Projections for 2024 were approved instantly starting in December 2023, helping businesses plan and manage their workforce without delay.

How Lim & Ani Associates Streamlines the ESD Process for Clients
Lim & Ani Associates offers specialized services to guide businesses through the ESD process and help them with company registration in Malaysia. Here’s how we simplify the process for our clients:

1. Expert Company Registration
Before applying for any work visas or ESD services, businesses must be registered in Malaysia. At Lim & Ani Associates, we help foreign and local companies complete their company registration efficiently. Whether you're looking to establish a local business or a foreign-owned entity, we ensure you meet the necessary paid-up capital requirements and provide guidance on the ownership structure (100% local, joint venture, or fully foreign-owned). Depending on the type of business (local, joint venture, or fully foreign-owned), the company must meet specific paid-up capital requirements.
For instance:

• Local companies need a minimum of RM250,000 in paid-up capital.
• Joint ventures with at least 30% foreign equity require RM350,000.
• Fully foreign-owned companies require RM500,000.

​
Our company registration consultancy package includes:

• Full company registration consultancy (with RM 1000 worth share)
• First company secretary appointment (with first year cosec fee)
• Company forms, super forms, and sections
• Certified true copies (CTCs) & company chop arrangements
• Name search and SSM charges
• Foreign directors document certification
• Printing, filing, and documentation services
• Share distribution agreements and nominee director arrangements
• Business licenses application documents preparation
• Premises license and signboard application assistance
• Registered office facilities
• Bank account opening (first bank account)
• Ongoing business counseling, planning, and setup advisory

For a business setup price quotation, email us at [email protected]

2. Seamless Integration with ESD
Once your company is registered, we will assist in creating an account with the ESD portal, where all expatriate-related applications can be managed online. Our team ensures that your business meets the ESD's criteria, including the projection (quota) system for Employment Pass (EP) and Professional Visit Pass (PVP) for expatriates.
We take care of all the documentation, applications, and projections, ensuring that you receive same-day approvals for work permits, allowing you to stay on track with your recruitment goals.

3. Projection and Quota Management
With the introduction of the projection system for 2024, Lim & Ani Associates helps businesses plan their expatriate workforce efficiently. We assist in applying for projections for EP and PVP, ensuring that your business doesn’t miss out on critical approvals. Unused projections for the year will not carry over to the following year, so we ensure that quotas are maximized.

4. Visa Applications
We assist in applying for the Employment Pass (EP) and Professional Visit Pass (PVP) once your expatriates are projected. Whether it's for new hires or renewals, Lim & Ani Associates ensures that every application is submitted accurately and on time through the ESD portal.

Why You Should Contact Lim & Ani Associates for Company Registration and ESD Process in 2025
If you’re considering expanding your business to Malaysia or hiring expatriates for critical roles, Lim & Ani Associates is your trusted partner for handling the ESD process and company registration in 2025. Here’s why you should choose us:

1. In-Depth Knowledge of Malaysia's Immigration System
With our extensive experience in Malaysian immigration laws and the ESD process, we guide businesses through the complex procedures, ensuring that every step is followed correctly. We help you avoid costly mistakes that could delay the approval of your expatriates’ work permits.

2. Speed and Efficiency
We help expedite the process, from company registration to ESD applications, ensuring that you get same-day approvals for expatriate work permits, saving you time and reducing your workload.

3. Tailored Services for Foreign and Local Businesses
Whether you're a 100% local company, a joint venture, or a foreign-owned entity, Lim & Ani Associates provides tailored solutions based on your business structure and needs.

4. Comprehensive Support for Expatriate Hiring
From submitting projections and applying for visas to managing renewals, we provide end-to-end support for all your expatriate hiring needs, allowing you to focus on growing your business.

5. Proven Track Record of Success
With years of experience and a strong track record of satisfied clients, we are well-positioned to help you navigate the complexities of company registration and the ESD process in Malaysia.

As businesses increasingly look to Malaysia for expansion and talent acquisition, Lim & Ani Associates stands as a reliable partner for company registration expert in Malaysia and navigating the ESD process. Whether you're starting a new business or hiring expatriates, we make the legal immigration process smoother, faster, and more efficient, helping you focus on what truly matters — growing your business.

For more information or to get started with the ESD process or company registration in 2025, contact Lim & Ani Associates today. Let us handle the paperwork so you can focus on your business success in Malaysia!

Have questions about the ESD process or company registration in Malaysia?
​Contact Lim & Ani Associates now at +601126664168, and we’ll ensure your business is set up for success in 2025!

Call, Email or text us & take an appointment from the website to visit our office in Malaysia.
LIM & ANI ASSOCIATES SDN BHD
Call: +601126664168
Call: +60102069253
Call: +603-58856648 (office landline)
Email: [email protected]
www.mbbusinessjoint.com

Are you looking to start a business in Malaysia in 2025? With its growing economy, strategic location, and business-friendly environment, Malaysia remains one of Southeast Asia’s most attractive markets for entrepreneurs. Whether you're a local or foreign investor, understanding the steps involved in company registration in Malaysia, securing a business visa in Malaysia, and navigating the legal business licenses process in Malaysia is crucial. At Lim & Ani Associates, we specialize in guiding businesses through these essential steps, ensuring your success in the Malaysian market.

Why Malaysia is the Ideal Business Destination for 2025
Before we dive into the most profitable business ideas for 2025, here’s a quick look at why Malaysia continues to be an ideal destination for new business ventures:

1. Strategic Location: Malaysia’s position in the heart of Southeast Asia gives businesses easy access to key markets in ASEAN, China, and India. Malaysia is one of the largest trading nations in the region, with a total trade volume of approximately $493 billion in 2023, according to Malaysia’s Ministry of International Trade and Industry (MITI).
2. Business-Friendly Policies: Malaysia ranks 12th globally in the World Bank's Ease of Doing Business index, which is a testament to its commitment to providing a conducive environment for entrepreneurs. The country offers a variety of incentives for foreign businesses, including tax exemptions and investment grants.
3. Digital Transformation: The Malaysian government’s emphasis on becoming a digital hub is supported by initiatives like Malaysia Digital Economy Blueprint (MyDIGITAL), which is expected to generate over $60 billion in investments by 2025. Entrepreneurs in the tech sector can leverage government grants, funding programs, and digital infrastructure.
4. Diverse and Growing Consumer Market: Malaysia's population of over 33 million is growing steadily, with a GDP growth rate of 4.3% in 2023, according to the World Bank. A young, tech-savvy middle class and an increasing preference for consumer goods create excellent opportunities for businesses across multiple industries.

At Lim & Ani Associates, we’re here to help you navigate the complexities of business setup, company registration in Malaysia, obtaining a business visa in Malaysia, and ensuring compliance with the legal business licenses process in Malaysia.

Top 15 Profitable Business Ideas in Malaysia for 2025
Here’s a breakdown of the top profitable business ideas in Malaysia for 2025:

1. General Trading Business
The general trading business remains a cornerstone of Malaysia's economy, driven by its robust export and import sector. According to MITI, Malaysia’s export sector is valued at over $255 billion, with major exports including electronics, palm oil, and petroleum. A general trading business that capitalizes on these exports can be extremely profitable.

• Key Stats: Malaysia is the world's second-largest producer of palm oil and the third-largest producer of rubber.

2. IT and Technology Business
Malaysia’s focus on becoming a digital economy presents ample opportunities in IT. The government’s MyDIGITAL initiative is expected to generate RM 70 billion ($15 billion) in investment by 2025. Startups in software development, mobile apps, and cybersecurity are expected to thrive.

• Key Stats: The Malaysian tech industry has seen rapid growth, with the digital economy accounting for 18.5% of the GDP in 2022.

3. E-Commerce and Online Retail
E-commerce continues to surge in Malaysia. The e-commerce market in Malaysia is projected to reach $11 billion by 2025. Platforms like Lazada and Shopee dominate the online retail space, with increasing numbers of consumers opting for online shopping.

• Key Stats: The number of online shoppers in Malaysia has grown to over 20 million, with e-commerce penetration expected to increase in 2025.

4. Car Wash and Automobile Services
With a growing middle class and increasing car ownership, the demand for car wash services and automobile repairs remains strong. The total number of vehicles in Malaysia has surpassed 30 million, fueling demand for automotive services.

• Key Stats: Car ownership is expected to increase by 5% annually, presenting a great opportunity for car wash businesses.

5. Mini Mart or Departmental Store
Retail businesses, particularly mini marts, are always in demand, especially in Malaysia’s urban areas. The retail sector continues to grow, with the Malaysian retail market size expected to reach RM 128.1 billion ($28 billion) by 2025.

• Key Stats: Malaysia's retail sector has grown by 6.4% in 2023, with strong demand for convenience stores and groceries.

6. Food & Beverage: Small Restaurant or Café
Malaysia’s rich food culture offers huge potential for restaurants and cafes. In 2025, Malaysia’s food service sector is expected to be valued at over $3 billion. Starting a restaurant or café catering to local or international cuisines can be a lucrative business.

• Key Stats: The food and beverage sector contributes around 2.6% to Malaysia’s GDP, with over 16,000 restaurants in the country.

7. Tourism-Related Businesses
Tourism in Malaysia is a key economic driver, contributing to around 15% of the GDP in 2022. With Malaysia’s rich cultural heritage, natural beauty, and bustling cities, tourism-related businesses such as tour guiding, ticketing, and hospitality services continue to thrive.

• Key Stats: Malaysia welcomed over 26 million international visitors in 2023, and this number is expected to increase post-pandemic.

8. Real Estate and Construction
Malaysia’s growing population and urbanization present significant opportunities in the real estate and construction sectors. Residential, commercial, and mixed-use properties continue to be in demand.

• Key Stats: Malaysia’s real estate sector saw a 10% increase in new housing launches in 2023, reflecting strong demand.

9. Fashion and Garment Retail
Fashion is a rapidly growing industry in Malaysia, with local designers and global brands making their mark. The country’s growing middle class and preference for trendy clothing present a lucrative opportunity for fashion businesses.

• Key Stats: The Malaysian fashion industry is expected to grow by 7% annually, driven by increasing disposable incomes and fashion-conscious consumers.

10. Cleaning and Disinfection Services
Post-pandemic, the demand for professional cleaning and disinfection services remains high. Residential, commercial, and industrial spaces require regular sanitation, making this business model highly sustainable.

• Key Stats: The cleaning services industry in Malaysia has expanded by 15% annually, driven by heightened hygiene awareness.

11. Wholesale Supply Chain Business
Wholesale businesses that distribute goods in bulk have strong potential, especially in sectors like food, electronics, and consumer goods. Malaysia’s access to international markets enhances this business model.

• Key Stats: Malaysia’s wholesale and retail trade grew by 5.7% in 2023, with strong prospects for the coming years.

12. Oil and Gas Services
The oil and gas industry remains a cornerstone of Malaysia’s economy, with over $14 billion in revenue in 2023. Businesses that offer services to the sector, such as logistics, machinery maintenance, and consultancy, are positioned for success.

• Key Stats: Malaysia is the second-largest exporter of LNG in the world, and the sector is projected to grow by 3% annually.

13. Mobile Phones and Accessories
With over 23 million smartphone users in Malaysia, the mobile accessory market offers a steady stream of revenue. Entrepreneurs can sell accessories like cases, chargers, and screen protectors in physical or online stores.

• Key Stats: The mobile accessories market is projected to reach RM 2 billion ($430 million) by 2025.

14. Car Rental Services
Tourism and business travel drive the demand for car rental services in Malaysia. Offering a variety of vehicles, including electric cars, can provide a competitive edge in this growing market.

• Key Stats: The car rental industry in Malaysia is projected to grow at 6.8% annually.

15. Airbnb and Guest Houses
Short-term rentals are increasingly popular in Malaysia, especially in high-demand tourist destinations like Kuala Lumpur and Penang. The Airbnb market is expected to continue growing, presenting opportunities for investors in the hospitality sector.

• Key Stats: The number of short-term rental properties in Malaysia has increased by 30% in the last two years.

How Lim & Ani Associates Can Assist You
Starting a business in Malaysia, especially as a foreign investor, requires careful attention to details such as company registration in Malaysia, obtaining the business visa in Malaysia, and understanding the legal business licenses process in Malaysia. At Lim & Ani Associates, we offer expert services to guide you through every step of the process, ensuring compliance with all local laws and regulations.

Complete Business Setup and Company Registration Consultancy in Malaysia
We offer comprehensive services to assist you in setting up your business in Malaysia. Our consultancy package covers all aspects of company registration in Malaysia, including business licenses, bank account opening, accounting, auditing, taxation, and more. We also provide expert advisory for business visa applications and Expatriate Service Division (ESD) license processes.


Our company registration consultancy package includes:

• Full company registration consultancy
• First company secretary appointment
• Company forms, super forms, and sections
• Certified true copies (CTCs) & company chop arrangements
• Name search and SSM charges
• Foreign directors document certification
• Printing, filing, and documentation services
• Share distribution agreements and nominee director arrangements
• Business licenses application documents preparation
• Premises license and signboard application assistance
• Registered office and virtual office facilities
• Bank account opening charges (first bank account)
• Ongoing business counseling, planning, and setup advisory

For a business setup price quotation, email us at [email protected]

Ready to start your business in Malaysia? Contact Lim & Ani Associates for guidance on company registration in Malaysia, securing a business visa in Malaysia, and understanding the legal business licenses process in Malaysia. We’re here to help make your business dreams a reality!
​
​Call, Email or text us & take an appointment from the website to visit our office in Malaysia.
LIM & ANI ASSOCIATES SDN BHD
Call: +601126664168
Call: +60102069253
Call: +603-58856648 (office landline)
Email: [email protected]
www.mbbusinessjoint.com

Understanding Labuan
​
Fact: Labuan is a federal territory of Malaysia located off the coast of Borneo. It comprises 13 islands and is governed directly by the central government of Malaysia but has its own regulatory framework and state government.

Do not fall for liars and fake agents who are using Labuan state policy, Labuan company, and facilities to do visa business only, which can cost you serious damage, Labuan is a tax haven and business hub for genuine businessmen only not for visa-seeking people to reside in Malaysia. Many businessmen are complaining online and via email about Labuan company scams from India, Bangladesh, Pakistan, and other Asian countries so we will discuss some common issues regarding Labuan company and visa today.  

Myth: Labuan is the same as mainland Malaysia.
Truth: Labuan operates under a different regulatory regime compared to mainland Malaysia, specifically tailored for offshore business activities. Despite being part of Malaysia, Labuan's policies, particularly regarding business and taxation, are unique and designed to attract international businesses.
Business and Taxation in Labuan

Myth: Labuan companies offer the same benefits as Malaysian SDN BHD companies.
Truth: Labuan companies operate under the Labuan Financial Services Authority (LFSA) and not under the Malaysian Companies Commission (SSM). They benefit from low tax rates (0-3%) but do not enjoy the full range of benefits that mainland Malaysian companies (SDN BHD) do, such as local market access without restrictions.

Myth: Labuan is only for shell companies and tax evasion.
Truth: While Labuan is known as a tax haven, it is a legitimate business hub designed to facilitate international business. Genuine businessmen can benefit from its tax-efficient environment, provided they comply with all regulatory requirements.

Labuan Visa and Employment Pass (EP)

Myth: Obtaining a Labuan visa is a quick and easy process.
Truth: Setting up a Labuan company and obtaining a visa involves a complex process that can take 4 to 5 months. Claims of completing this process within a month are typically misleading.

Myth: Labuan EP is a path to Malaysian permanent residency (PR).
Truth: Labuan EP allows you to reside in Labuan and mainland Malaysia for two years but is not a route to PR. Obtaining PR requires different criteria and is more straightforward in mainland Malaysia.

Practical Considerations for Labuan Companies

Myth: Labuan companies have unrestricted access to all Malaysian facilities and licenses.
Truth: Labuan companies must operate under Labuan's jurisdiction and policies. They are considered foreign companies when operating in mainland Malaysia and thus face certain restrictions and additional requirements.

Myth: Labuan company setup and maintenance are inexpensive.
Truth: While Labuan offers tax advantages, the costs associated with setting up and maintaining a Labuan company are significant, often ranging from USD 4,000 to USD 6,000 for setup and USD 1,200 to USD 1,800 annually for maintenance.

Misleading Claims by Agents

Myth: Agents can provide quick, guaranteed results for Labuan company formation and visa acquisition.
Truth: Many agents exaggerate or falsify claims about the ease and benefits of setting up a Labuan company. Always verify the information and preferably deal directly with Malaysian authorities or reputable advisors.

Myth: You can bring maids and drivers on a Labuan company visa.
Truth: Unlike the Malaysia My Second Home (MM2H) program, Labuan company visas do not allow you to bring domestic helpers from abroad.

Recommendations for Business Setup

Fact: Mainland Malaysia offers more comprehensive business opportunities and facilities compared to Labuan. Foreign investors can set up fully foreign-owned SDN BHD companies in mainland Malaysia, benefiting from local market access, banking facilities, and business incentives.

Fact: For those whose business needs align with the tax benefits of Labuan, establishing a company there can be advantageous. However, it's essential to understand the limitations and compliance requirements.
In summary, while Labuan offers significant tax advantages for international businesses, it's crucial to be aware of the complexities and limitations involved. Misinformation and fraudulent claims by agents can lead to costly mistakes. Thorough research and consulting with knowledgeable advisors are essential steps in making informed decisions regarding business setup in Malaysia.

​We are providing full company setup, business license process, business setup, business bank account opening, accounting, audit, taxation, ESD (expatriate service division) license process, and business visa application advisory. ​
Our company registration consultancy package includes:

• Company registration consultancy
• First company secretary appointment
• Company forms/super form & sections
• CTC's & chop arrangements
• Name search
• SSM charges
• Foreign directors document certification
• Printing & Filing
• Share distribution agreement
• Finding nominee director & agreement
• Prepare signboard & Premises licenses application documents
• Prepare business licenses application documents
• Registered office facility & virtual office facility
• Bank account opening charges (first bank account)
• Service charge & related services
• Business counseling, planning & setup advisory

Contact & Email us for services price quotation at [email protected]

WHY MALAYSIA IS SECURE BUSINESS HEAVEN NOW
Malaysia has emerged as a secure business haven for numerous reasons. Firstly, its robust and resilient economy has withstood the test of time, even during the global recession of 2009. This economic stability provides a solid foundation for businesses to thrive. Another advantage of Malaysia is its multicultural and multinational population, which creates a diverse market with constant demand. Moreover, Malaysia boasts a thriving online market with an active customer base, making it an ideal environment for businesses operating in the digital realm.

​Additionally, the Malaysian government's unwavering support and assistance contribute to the security of investing in the country. The government offers incentives and aid to businesses, while the banking sector provides reliable financial support for investment endeavors, ensuring a secure environment for investors. Malaysia is also renowned for its emphasis on security, respect, and the warm nature evident in daily life. This welcoming and safe atmosphere attracts investors and their families, making Malaysia an appealing location for both business and personal reasons.

​Furthermore, Malaysia offers a wide range of business opportunities across various investment budgets, ensuring that foreign investors can find genuine and profitable investments that align with their financial capabilities. The goal is to foster mutual growth and success between investors and Malaysia as a nation. In conclusion, Malaysia's strong economy, government support, cultural diversity, secure environment, and inclusive investment opportunities make it an attractive destination for foreign investors seeking profitable business ventures and a brighter future for themselves and their families.
​
​Call, Email or text us & take an appointment from the website to visit our office in Malaysia.
LIM & ANI ASSOCIATES SDN BHD
Call: +601126664168
Call: +60102069253 
Call: +603-58856648 (office landline)
Email: [email protected]
www.mbbusinessjoint.com

Every business entity conducting operations in Malaysia, whether local or foreign, must comply with the obligation of paying corporate tax on any income generated within or received from Malaysia.

You should keep in mind
Indeed, small and medium enterprises (SMEs) can benefit from a lower tax rate of 17% on the initial RM 600,000 of chargeable income. The regular business tax rate stands at 24% for the year 2023.

Major business tax exemptions (tax reduction facilities) in Malaysia

• Pioneer Status is provided as a tax exemption on 70% of the statutory income for a duration of five years, with the remaining 30% subjeContactct to the current CIT rate. ITA is offered on 60% of qualifying capital expenditure for a period of five years, offsetting 70% of the statutory income, while the remaining 30% is taxed at the prevailing CIT rate.

 

• A resident company that has been in operation for a minimum of 36 months and incurs capital expenditure to expand, modernize, automate, or diversify its existing manufacturing business or approved agricultural project is eligible for a reinvestment allowance. This allowance will be provided for a duration of 15 years starting from the first year of claim. The allowance is calculated at 60% of QCE incurred and can be offset against 70% of statutory income. However, the 70% restriction does not apply to projects that have achieved the productivity level set by the Minister of Finance. It is important to note that the allowance will be revoked if the asset, for which the allowance was granted, is disposed of within five years. Additionally, a special reinvestment allowance of 60% of QCE will be granted for the years of assessment 2020 to 2024 for companies that have utilized their initial 15-year reinvestment allowance period and special reinvestment allowance provided for the years of assessment 2016 to 2018.

 

• International trading companies are eligible for a special tax exemption on income that is equal to 20% of the increased export value. This exemption can be used to offset up to 70% of the company's statutory income for a period of five years. However, in order to qualify for this incentive, the company must meet three specific conditions. Firstly, it must be incorporated in Malaysia and have at least 60% Malaysian ownership. Secondly, the company must achieve a minimum annual sales of MYR 10 million, with no more than 20% of its annual sales derived from the trading of commodities. Lastly, the company must utilize local services such as banking, finance, and insurance, as well as local infrastructure including ports and airports, in its day-to-day operations.

 

• The incentives provided for petroleum operations include the following:

1. Accelerated capital allowance: Petroleum operations in marginal fields can benefit from an accelerated capital allowance on qualifying capital expenditure (QCE) incurred from the year of assessment 2010 to 2024.
2. Investment allowance: A 60% investment allowance is available for qualifying capital expenditure. This allowance can be utilized against 70% of statutory income for a period of ten years.
3. Exemption for chargeable income: Petroleum operations in marginal fields can enjoy an exemption for a portion of their chargeable income. This results in a reduction of the effective tax rate from 38% to 25%.
4. Investments in late-life asset upstream projects: Until 31 December 2029, investments in late-life asset upstream projects benefit from a petroleum income tax rate of 25%.
5. Accelerated capital allowance: Investments in late-life asset upstream projects also qualify for an accelerated capital allowance within two years.
6. Carryback of losses: Losses from decommissioning activities can be carried back to the two consecutive preceding years of assessment.
7. Export duty exemption: Petroleum products are exempt from export duty.

 

• The Northern Corridor Economic Region encompasses several priority sectors, including manufacturing, agribusiness, services, petrochemical, green economy, and sustainable mining. In order to promote investment and economic growth in these sectors, various incentives are available. These incentives include income tax exemption of up to 100% for a maximum of 15 years, investment tax allowance of up to 100% of Qualified Capital Expenditure (QCE) for a maximum of ten years, import duty exemption on raw materials, components, machinery, and equipment, and a 50% stamp duty exemption on instruments of transfer or lease of land.

To ensure a harmonious company and business management experience, feel free to reach out to us at Lim & Ani Associates. We offer comprehensive advisory services and have an extensive network of accountants, auditors, and tax submission agents to assist you.

We are providing full company setup, business license process, business setup, business bank account opening, accounting, audit, taxation, ESD (expatriate service division) license process, and business visa application advisory. ​
Our company registration consultancy package includes:

• Company registration consultancy
• First company secretary appointment
• Company forms/super form & sections
• CTC's & chop arrangements
• Name search
• SSM charges
• Foreign directors document certification
• Printing & Filing
• Share distribution agreement
• Finding nominee director & agreement
• Prepare signboard & Premises licenses application documents
• Prepare business licenses application documents
• Registered office facility & virtual office facility
• Bank account opening charges (first bank account)
• Service charge & related services
• Business counseling, planning & setup advisory

Contact & Email us for services price quotation at [email protected]

WHY MALAYSIA IS SECURE BUSINESS HEAVEN NOW
Malaysia has emerged as a secure business haven for numerous reasons. Firstly, its robust and resilient economy has withstood the test of time, even during the global recession of 2009. This economic stability provides a solid foundation for businesses to thrive. Another advantage of Malaysia is its multicultural and multinational population, which creates a diverse market with constant demand. Moreover, Malaysia boasts a thriving online market with an active customer base, making it an ideal environment for businesses operating in the digital realm.

​Additionally, the Malaysian government's unwavering support and assistance contribute to the security of investing in the country. The government offers incentives and aid to businesses, while the banking sector provides reliable financial support for investment endeavors, ensuring a secure environment for investors. Malaysia is also renowned for its emphasis on security, respect, and the warm nature evident in daily life. This welcoming and safe atmosphere attracts investors and their families, making Malaysia an appealing location for both business and personal reasons.

​Furthermore, Malaysia offers a wide range of business opportunities across various investment budgets, ensuring that foreign investors can find genuine and profitable investments that align with their financial capabilities. The goal is to foster mutual growth and success between investors and Malaysia as a nation. In conclusion, Malaysia's strong economy, government support, cultural diversity, secure environment, and inclusive investment opportunities make it an attractive destination for foreign investors seeking profitable business ventures and a brighter future for themselves and their families.

Our advisory line
+601126664168 (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: +601126664168
Call: +60108242527 
Call: +603-58856648 (office landline)
Email: [email protected]
www.mbbusinessjoint.com

​Our company registration consultancy package includes:

• Company registration consultancy
• First company secretary appointment
• Company forms/super form & sections
• CTC's & chop arrangements
• Name search
• SSM charges
• Foreign directors document certification
• Printing & Filing
• Share distribution agreement
• Finding nominee director & agreement
• Prepare signboard & Premises licenses application documents
• Prepare business licenses application documents
• Registered office facility & virtual office facility
• Bank account opening charges (first bank account)
• Service charge & related services
• Business counseling, planning & setup advisory

Contact & Email us for services price quotation at [email protected]

WHY MALAYSIA IS SECURE BUSINESS HEAVEN NOW
Malaysia is currently considered a secure business haven for several reasons. Firstly, Malaysia has had a strong and resilient economy in Asia and the world, evident in its ability to survive and thrive during the global recession of 2009. This stability provides a solid foundation for businesses to flourish. One key advantage of Malaysia is its multicultural and multinational population, which creates a diverse market with constant demand. Additionally, Malaysia has a robust online market with an active customer base, making it an ideal environment for businesses operating in the digital space.

Furthermore, the Malaysian government's support and aid contribute to the security of investing in the country. The government provides assistance and incentives to businesses, and the banking sector offers reliable financial support for investment endeavors, ensuring a secure environment for investors. Malaysia is also known for its emphasis on security, respect, and the loving nature evident in daily Malaysian life. This welcoming and safe atmosphere attracts investors and their families, making Malaysia a desirable location for both business and personal reasons.

In addition, Malaysia offers a wide range of business opportunities across various investment budgets. This inclusivity ensures that foreign investors have the opportunity to make genuine and profitable investments that align with their financial capabilities. The goal is to foster mutual growth and success between investors and Malaysia as a nation.
Overall, Malaysia's strong economy, government support, cultural diversity, secure environment, and inclusive investment opportunities make it an attractive destination for foreign investors who seek profitable business ventures and a better future for themselves and their families.

Our advisory line
+601126664168 (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: +601126664168
Call: +60108242527 
Call: +603-58856648 (office landline)
Email: [email protected]
www.mbbusinessjoint.com