MALAYSIA BIZBLOG
Office: +60384081680 | Advisory: +60108242527 (whatsapp)
Malaysia is one of the best places to invest in this covid-19 economy this 2022, awarded as the best investment country in the world for 2019 & 2020 by CEOworld report. The country is open for small, middle & big ventures with a good return. The steady and business-friendly economy of Malaysia has attracted many foreign and local investors. Many people who want to start a business in Malaysia are confused about – what type of business they should start to survive in this COVID-19 global economy? To help them decide, this article is going to describe some of the best profitable business ideas in Malaysia for the year 2022, we can also help you to find a business for sale in Malaysia or take over a running business. Specially for the covid-19 economy, the government is moving towards a more business-friendly economy by setting up a special package to facilitate business called PEMUDAH.
1. Export-Import Most of the FDI is coming in the Export & Import section. From garments to vegetables everything is being exported & imported from all around the world. For medical supplies & food supplies, trading is a very profitable option. With a good office setup, enough capital, storage & licenses you can also start this business for a better investment in Malaysia. We can help you with setup, papers, licenses, ERC & IRC, customs & other all. We also encourage new entrepreneurs to come into this business for a better ROI. 2. Car wash & Automobile Malaysia’s automotive industry is very successful. In addition, the country is the 22nd largest automotive manufacturer in the world. In Malaysia, most of the people use their private car that's why car wash & auto service workshops have a good profit scope. Vehicles registrations in Malaysia reach 31.2 million units as of 2019. You can do branded car wash franchise as we provide advisory for franchises & to do smart profitable invest with our proven successful client histories. As a Malaysian franchise provider, we can help our clients to get franchise car wash stores & do the full setup. 3. IT Business For the last few years, Malaysia Govt. giving a very good chance for IT Engineers, as Prime Minister Tun Dr. Mahathir bin Mohamad started MDEC in 1996 & Cyberjaya facility boosted it most. We are also encouraging for investment in Hardware, Software & CRM sectors. We are providing an A to Z facility for our clients to start IT business including Taxation & other facilities. 4. Departmental store Departmental stores or Kedai Runchit, Pasar Mini, etc are very popular & stable investments in Malaysia. Can start in Minimum investment with small size. But for better profit also can do Franchise Departmental Store, such as 7 eleven, MY 168 MART, etc. But according to DBKL rules 2020, a local director in the company is a must to open a store in Malaysia & get business licenses. We also have running business for sell in Malaysia to buy & invest with legal papers & security. 5. Construction or real estate business As a multi-cultured, populated country, the real estate business is a very profitable business to invest in. In Malaysia, there are lots of land to develop & lots of clients to pay for construction projects. In Malaysia, the construction or real estate business generated RM 16,656 Million of the GDP in the first quarter of 2019. As we have well experiences in the Malaysian real estate business sector, we are successfully processing construction company setup for clients. 6. Small restaurant & food supply In this present economic situation, we will strongly suggest small size multi cousin restaurant or an online food supply business. We know that Malaysia is a tourist country. Restaurant is one of the best businesses in Malaysia if you can start smartly with money. A local Malaysian director is a must for restaurant business licenses. 7. Laundry Now a days in Malaysia auto Laundry business is a successful business. You may setup the business near a residence area with working & student class residences. 8. Tourism United Nations World Tourism Organisation (UNWTO) listed Malaysia as the 10th most visited country in 2012. Malaysia is a tourism dominated economical country, this leaves tremendous benefits to make by investors in the nation’s tourism division. A good budget can open a tourism business, can build, air-ticketing, medical tourism, hotel, guest house, homestay, inbound tour guide center with car rental, etc. 9. Garment/clothing/fashion The people of Malaysia are very fashion sensed. A retail fashion clothing store in a commercial location can bring good profits. Specially if you have a production line or garments factory you can make more profit. Setting a clothing brand in Malaysia is quite easy, we are helping with the full business setup process. 10. Cleaning Because of the present situation & health safety, cleaning & disinfection services are very profitable & on-demand. 11. Online supply & wholesale business At this present corona situation & market, online business is new normal, trading & shopping are mostly being done in online markets, apps & websites. The supply chain also got online, we are also helping clients & investors to cope up with the new normal. Which is less hectic, budget-friendly & easy to operate. Our experienced advisors are always here to guide & transform. 12. Oil & Gas business Oil and gas are the promising industry of the country. Malaysia is an exporter of petroleum products and natural gas. So it's easy to start a business in this industry. There are several business opportunities for small and medium business. 13. Mobile & accessories Mobile & accessories business has high potential in Malaysia. Usually, Malaysian's are more into new models & trending accessories. The mobile phone accessory industry is growing fast in these parts. 14. Car rental business The car rental business is a very popular business in Malaysia. Starting a car rental business here can be a profitable investment. We are providing car purchase & full business setup facility. 15. Airbnb business Malaysia is a tourist county & tourists nowadays are more and more preferring Airbnb for short & long stay accommodation. If you have a property rental or leased property near a tourist destination, can rent it on Airbnb for an easy & profitable business. Few more small business ideas in Malaysia
Few businesses which foreigners are not allowed to do
To start a business or buy a business in Malaysia you will need business licenses, specially if you are a foreigner, it's a must to have a Pvt. Ltd. or SDN BHD company. We are processing company registration, bank account, business licenses, accounts & taxes for you as experienced accountants, tax advisors, SST advisors & business investment advisors. Our company registration service package includes:
Contact & Email us for services price quotation with discount facility for covid-19 situation! Emali: advisory@mbbusinessjoint.com WHY MALAYSIA IS SECURE BUSINESS HEAVEN NOW Malaysia is one of the strong economic power in Asia & the world, even survived very well in the global resection of 2009. With a multinational population, there is always market demand, most importantly Malaysia is among those countries that have a very powerful online market with an active customer base & because of government aids, banking aid investing is more secure in Malaysia. 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 survival in Malaysia, to grow together with Malaysia. Our advisory lines +60108242527 (whatsapp available) | +601121189303 (whatsapp available) 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;
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
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Malaysia introduced a new & larger recovery budget for the year of 2022, with a 6 percent deficit projected for 2022 set to lift the economy by 6 percent to 6.5 percent. The following are the highlights of Budget 2022 themed "Keluarga Malaysia, Makmur Sejahtera (A Prosperous Malaysian Family)" which was presented by Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz in Parliament & got passed recently.
The government has allocated a total of RM332.1 billion for Budget 2022, the highest value compared to previous budgets. Here are some of the key takeaways of Budget 2022;
This budget is one of the best investment, business, health, education & living friendly budget so far. To develop local Malaysian businesses & foreign investments. We will highly recommend our foreign investors, clients & businessmen to invest in Malaysia for a better covid-19 economical environment & sustainable future. Our expert business advisors, company secretaries, accountants, auditors, tax agents & corporate lawyers are always here to give you a smooth & profitable business experience in Malaysia. We encourage you to invest in Malaysia for a better future for your business & family.
To start a business or buy a business in Malaysia you will need business licenses, specially if you are a foreigner, it's a must to have a Pvt. Ltd. or SDN BHD company. We are processing company registration, bank account, business licenses, accounts & taxes for you as experienced accountants, tax advisors, SST advisors & business investment advisors.
Click to know about company registration in Malaysia Our advisory lines +60108242527 (whatsapp available) | +601121189303 (whatsapp available) 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 below as per business act 2016 & Malaysian Government policy;
Call, Email or text us & take an appointment from the website to visit our office in Malaysia. LIM & ANI ASSOCIATES SDN BHD Call: +60108242527 (whatsap & viber) Call: +601121189303 Call: +603-84081680 (office landline) Email: advisory@mbbusinessjoint.com www.mbbusinessjoint.com 
The restaurant business is never too easy to run but in Malaysia, where eating out is a part of the national culture, is heaven for restaurant business investment for any national & international businessmen.
But you might think covid-19 changed the whole scenario in Malaysia, it's true last March 2020 Malaysia went into first partial lockdown with other countries in the world, which made restaurant business a little bit difficult – but aid from the government, rental relief from landlords made it a little bit easier, the actual success player was food ordering apps. They changed the whole industry & still the market is surviving. Today we will explore the new opportunity that showed up in the restaurant business industry after covid-19 lockdowns. We will check on both digital app-based & dine in based restaurants opportunities. Food delivery based digital restaurants & coffeeshops Where many restaurants owners closed down, others saw opportunities into the crisis, new entrepreneurs entering the F&B market made success with their tech understanding & guides from expert business advisors like us, who helped to reshape their strategy & use the market gap created over the last few months.
The statistics say right now in Malaysia;
A budget of US$25000 or approximately RM 100,000 is enough to start an online catering/food delivery business. We are providing a full set of company registration, business setup, investment planning, online marketing, technological arrangement, business licenses, market research, business management & accounting services for you. Also, we are offering business strategies based risk management services such as; Hygienic practices Malaysia is mostly vaccinated right now & government SOP's are so strong. If you maintain a clean kitchen following all vaccination & health SOP's, you can gain more consumer trust. We are offering a full company, licenses, documents, management & risk factors planning services in Malaysia Local "Near Me" Searches Nowadays google & other search engine's "Near Me" option is very effective, mostly users & drivers are using this option. A good optimization can bring you more business. Where we can help you to make a good "Near Me" visibilities. Search Engine Optimization A good SEO can bring you more digital marketing benefits & visibilities where we have certified SEO experts to boost your business much better. Influencer Marketing Nowadays people are more into real-life influencers, a popular face can add more value to your business which we can arrange & manage for you in any city or area base market in Malaysia. Branding Good branding is the backbone of marketing for any business, as experienced marketing experts in Malaysia, we can help you to build a strong & trustworthy brand value. In the restaurant business, a video branding of your food & food reviews is the best option, we have a specialized skill set in this sector. Food Delivery System Delivery is the life source of the online food business industry, if you are not using any third-party app or delivery system, it's a must for you to maintain a good food delivery system. Which can help you to gain more profit & faster delivery can bring more value with trust. You can hire your rides or riders companies to work for you, where our advisors can help you to choose the better option as per your investment, market & needs. Dine -in based restaurants & coffeeshops Now if we go for the dining in restaurant business model, until even last week it was only a take-out system. Even many restaurants lost hope & closed down, which created a huge market opportunity. After mass vaccination & lockdown pause, restaurants can operate again with take-outs & small-scale dine-in restaurants. After the covid-19 pandemic, the environment in the restaurants has changed to masked waiters and waitresses, tables are six feet apart with optional sneeze guards at the counters. Eventually, things are becoming normal, and restaurants have started reopening, restaurants need to focus on keeping things contactless, germ-free, certified & authority checked. As per thestar.com.my report, more than 2000 restaurants & coffee shops have closed down. It's a good time to fill in the blank market & use the investment profitably, as restaurants will always prevail until we are alive to eat. A budget of US$25000 to US$40,000 or RM 100,00 to RM 160,000 is enough to start a restaurant business in Malaysia at this moment.
To start a business or buy a business in Malaysia you will need business licenses, specially if you are a foreigner, it's a must to have a Pvt. Ltd. or SDN BHD company. We are processing company registration, bank account, business licenses, accounts & taxes for you as experienced accountants, tax advisors, SST advisors & business investment advisors.
Click to know about company registration in Malaysia Our advisory lines +60108242527 (whatsapp available) | +601121189303 (whatsapp available) 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 below as per business act 2016 & Malaysian Government policy;
Call, Email or text us & take an appointment from the website to visit our office in Malaysia. LIM & ANI ASSOCIATES SDN BHD Call: +60108242527 (whatsap & viber) Call: +601121189303 Call: +603-84081680 (office landline) Email: advisory@mbbusinessjoint.com www.mbbusinessjoint.com
Selamat Hari Merdaka 2021! 64 years of Malaysian independence!
National independence day greetings to all from - Lim & Ani Associates Sdn Bhd. Creating business independence in Malaysia! Stay safe & keep safe in Covid-19. 
Today we will check the new 2021 updates on MM2H (Malaysia My Second Home) by the Malaysian immigration department. MM2H program has been started with new conditions to attract applicants who can contribute to the country’s economy. MM2H program is now directly under the ministry of immigration & the new policy will be effective for both new & renewal applicants.
Presently there are 57,478 MM2H pass holders, as well as their dependents. More than 1,000 applications are pending from applicants from countries such as China, Japan, the United Kingdom, Bangladesh, South Korea, Singapore, the United States, Australia, Taiwan, and Indonesia. We are providing clear & legal advisory on the MM2H process, we would love to inform you in the first place that MM2H is a retirement policy (not any kind of PR (permanent residency or citizenship). It's 10 years multiple visas (social visit pass). Be aware of fraud agents of your country & online, only do the legal process for your future & family.
The government has introduced few new conditions for new applicants & renewal applicants of the MM2H program;
Though the new policies increased the costing & difficulty to do business as MM2H holders can not even open a business bank account in Malaysian banks, as its a tax-free program, for general applicants we will suggest business investment programs such as Business visas through investment & physical business which can cost from RM 100,000 to RM 300,000 depending on business sector & market requirements. Click here for details!
Our advisory lines +60108242527 (whatsapp available) | +601121189303 (whatsapp available)
MM2H REQUIREMENTS LIST
Save your money, life & family future from frauds by legal process. Because Malaysia doesn't support any cheating or cheaters. If you need advice or discussion on investing in Malaysia or to start a business in Malaysia, contact us to consult our expert & legal advisors, legal company process, legal business licenses & papers process, business setup, taxation, audit, etc.
We are providing one of the best business & company services in Malaysia, with experienced & licensed company secretaries, professional accountants, auditors & tax experts, expert business advisors and we are offering a one-stop business solution in Malaysia. As a leading corporate service provider, we also do advisory for Malaysia my 2nd home in a professional way legally with standard fee & advisory charges, through our legal & listed mm2h lawyers. Call, Email or text us & take an appointment from the website to visit our office in Malaysia. LIM & ANI ASSOCIATES SDN BHD Call: +60108242527 (whatsap & viber) Call: +601121189303 Call: +603-84081680 (office landline) Email: advisory@mbbusinessjoint.com www.mbbusinessjoint.com 
Lim & Ani Associates are thrilled to be included in Trusted Malaysia's "Top 5 Firms For Accountants in Malaysia" list. We appreciate the recognition & supports from our clients.
Click on the button below for the detailed list!
According to Standard Chartered Group study, Malaysia is ranked the most favorable country for foreign investment in south-east Asia, by European & US companies.
We are providing one of the best business setups & company registration in Malaysia, with experienced & licensed company secretaries, professional accountants, auditors, tax, SST papers process & business advisors. LIM & ANI ASSOCIATES SDN BHD Call: +60108242527 (whatsap & viber) Call: +601121189303 Call: +603-84081680 (office landline) Email: advisory@mbbusinessjoint.com www.mbbusinessjoint.com 
The Malaysian government unveiled more strategic details to the National Recovery Plan to supplement previously announced goalposts of "exiting" the Covid-19 pandemic in four phases.
The government initiatives aimed at compensating for income shortfalls and reducing monthly liabilities now include new categories of individuals such as non-Socso contributors (especially fresh graduates, school leavers, and informal sector workers), disabled people who have lost their jobs, or new categories of economic sectors such as nurseries, school canteen operators, sport industry operators, and travel agencies. This shows nicely that the Malaysian government is doing its research and fully aware of the people's needs. For example, tax cuts from the current 24% to 18% with the per-existing schedule for the “marginal rate” (i.e. the next amount taxable out of the total amount) remain intact (which is 17% for the first RM600,000 payable) for the two fiscal years of 2021 and 2022 or even a bolder measure in the form of a total tax exemption for the same two fiscal years. Lets check some highlights from the announcements highly helpful for local & foreigner both businessmen in Malaysia;
According to a Standard Chartered Group study, MALAYSIA is ranked the “second most favorable country” for foreign investment in South-East Asia by European and US companies to establish or expand their sourcing,selling or operations over the next six to twelve months. Malaysia continues to be the famous investment destination for the manufacturing and global service sectors in Asia. Malaysia remains an attractive investment destination with favorable government business aids & an economical environment including the availability of excellent infrastructure, telecommunication services, financial and banking services, as well market opportunities offered through the 16 Free Trade Agreements (FTA). According to MIDA it has identified 240 high-profile foreign investment projects including Fortune 500 companies in the manufacturing and services sectors, with a combined potential investment value of RM81.9bil. “Presently, Mida has also received RM47.7bil worth of potential investments into the country. These projects, once approved, are expected to be implemented within 2021 to 2022, ”. MIDA has also received RM47.7bil worth of potential investments into the country. These projects are expected to be implemented within 2022. To start a business or buy a business in Malaysia you will need business licenses, specially if you are a foreigner, it's a must to have a Pvt. Ltd. or SDN BHD company. We are processing company registration, bank account, business licenses, accounts & taxes for you as experienced accountants, tax advisors, SST advisors & business investment advisors. Click to know about company registration in Malaysia Our advisory lines +60108242527 (whatsapp available) | +601121189303 (whatsapp available) 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 below as per business act 2016 & Malaysian Government policy;
Call, Email or text us & take an appointment from the website to visit our office in Malaysia. LIM & ANI ASSOCIATES SDN BHD Call: +60108242527 (whatsap & viber) Call: +601121189303 Call: +603-84081680 (office landline) Email: advisory@mbbusinessjoint.com www.mbbusinessjoint.com 
According to a Standard Chartered Group study, MALAYSIA is ranked the “second most favorable country” for foreign investment in South-East Asia by European and US companies to establish or expand their sourcing, selling or operations over the next six to twelve months. Malaysia continues to be the famous investment destination for the manufacturing and global service sectors in Asia. Malaysia remains an attractive investment destination with favorable government business aids & an economical environment including the availability of excellent infrastructure, telecommunication services, financial and banking services, as well market opportunities offered through the 16 Free Trade Agreements (FTA).
"Despite the pandemic and a shifting political landscape, Bank Negara Malaysia (BNM) data showed direct investment of RM689.1 billion in the third quarter of 2020." According to MIDA it has identified 240 high-profile foreign investment projects including Fortune 500 companies in the manufacturing and services sectors, with a combined potential investment value of RM81.9bil. “Presently, Mida has also received RM47.7bil worth of potential investments into the country. These projects, once approved, are expected to be implemented within 2021 to 2022, ”. MIDA has also received RM47.7bil worth of potential investments into the country. These projects are expected to be implemented within 2022. Despite the pandemic and a shifting political landscape, Bank Negara Malaysia (BNM) data showed direct investment of RM689.1 billion in the third quarter of 2020. After the Covid-19 effect Malaysian government is preparing now for the recovery of the economy, with a range of incentives and long-term recovery initiatives in place to build on effective pandemic relief measures. The Malaysian government has also allocated RM1 billion as a special incentive package for high value-added technology, supporting R&D investment in aerospace and electronics clusters in industrial parks. This article is going to describe some of the best profitable business ideas in Malaysia for the year 2021, we can also help you to find a business for sale in Malaysia or take over a running business. 1. Export-Import 2. Car wash & Automobile 3. IT Business 4. Departmental store 5. Construction or real estate business 6. Small restaurant & food supply 7. Laundry 8. Tourism 9. Cleaning 10. Online supply & wholesale business We have both running business overtake & new business setup services for our investors as per their customized needs, as per budgets & need. To start a business or buy a business in Malaysia you will need business licenses, specially if you are a foreigner, it's a must to have a Pvt. Ltd. or SDN BHD company. We are processing company registration, bank account, business licenses, accounts & taxes for you as experienced accountants, tax advisors, SST advisors & business investment advisors. Click to know about company registration in Malaysia Our advisory lines +60108242527 (whatsapp available) | +601121189303 (whatsapp available) 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 below as per business act 2016 & Malaysian Government policy;
Call, Email or text us & take an appointment from the website to visit our office in Malaysia. LIM & ANI ASSOCIATES SDN BHD Call: +60108242527 (whatsap & viber) Call: +601121189303 Call: +603-84081680 (office landline) Email: advisory@mbbusinessjoint.com www.mbbusinessjoint.com 
In this COVID-19 economy, Malaysia is one of the safest countries to invest in for better business survival, investment, medical, family & living security. Today we will make a small review that why it will be the best decision to invest in Malaysia at this moment. We make your investment & company setup successful in Malaysia as per your budget.
For the COVID-19 pandemic, the Malaysian government updated the implemented measures continuously, such as; Movement Control Order (MCO), based on the COVID-19 situation from time to time. Until 31st March 2021, Malaysia recorded 345,500 total COVID-19 cases, of which 14,604 hospitalized, 329,624 recovered, and had 1,272 deaths. All the important economic sectors have reopened, with a very strict SOP (Standard Operating Procedure) to follow. The country border remains closed and only travelers with approval from relevant agencies are allowed to enter. Measures are taken to prevent COVID-19:
Effective Penalties As per the Emergency (Prevention and Control of Infectious Diseases) (Amendment) Ordinance 2021, from 11th March 2021, any individuals who violate SOPs stipulated for the prevention and control of the COVID-19 pandemic can be fined not more than RM10,000. Companies that violate the SOPs can be fined not more than RM50,000. International travel International travel is still not permissible as Malaysian borders remain closed. Malaysia and Singapore’s borders going to reopened for the selected travelers under the Reciprocal Green Lane (RGL) and the Periodic Commuting Arrangement (PCA) travel schemes very soon. The Malaysian government is very open to business investment and welcomes the entry of business travelers amid the COVID-19 pandemic. The government started the One Stop Centre, in October 2020, which aims to help business travelers’ business entry to Malaysia easier. The government has also started a Safe Travel Portal with information and advisory services to help business travelers entry into Malaysia, effective from 3rd March 2021. Before entering Malaysia, the applicant is requested to undergo the rT-PCR COVID-19 Test abroad within 3 days and must be medically confirmed to be tested negative for COVID-19. All entries into Malaysia must take another health screening at the Point of Entry (POE) - the travelers must bear rT-PCR COVID-19 test and quarantine costs. On 18th September 2020, the National Disaster Management Agency has decided that all foreign nationals are subjected to bear the full quarantine cost of RM4,700, effective from last 24th September 2020. All Malaysians and foreigners who are coming back to Malaysia, must download and use the MySejahtera application. Economic growth According to the Malaysian Ministry of Finance, Malaysia’s GDP is expected to regain its growth in 2021 of 6.5% to 7.5%. The online sales of consumer goods growing rapidly by 40% due to the pandemic. Malaysian consumer behavior has changed due to the COVID-19 pandemic and making the new normal for good, now Malaysian are more comfortable buying online and contact less payment transactions. Courier services are recognized as one of the sectors less affected by the COVID-19 pandemic. Budget 2021 theme this year is “Stand United, We Shall Prevail”, with the allocation of MYR322.5 billion expenditure to revive the economy more. The 2021 Budget has three key areas of focus: ensuring the well being of the people, business continuity, and resilience of the economy. 73.30% of the total budget is allocated for Operating Expenditure, 21.40% for Development Expenditure, and a special allocation of 5.30% for the COVID-19 fund. Budget 2021 extends the support provided in the earlier announced economic stimulus packages. Key highlights of Budget 2021:
The Malaysian government plans to revive the economic activities by medium, and Long-term Economic Recovery plans, which will introduce economic stimulus packages. On 5th June 2020, the Malaysian Prime Minister announced the Short-term National Economic Recovery Plan – PENJANA. Malaysia is currently in the 4th Phase: Recovery, under the 6-Phase Plan (6Rs): Resolve, Resilience, Restart, Recovery, Revitalise, and Reform. PENJANA has 40 initiatives worth MYR35 billion, focusing on 3 key thrusts - Empower People, Propel Businesses, and Stimulate the Economy. PENJANA has stimulated Malaysia’s economy through the Wage Subsidy Program 1.0, benefitting over 322,177 employers and 2.64 million employees. Malaysia has the 2nd highest E-Commerce penetration rate in the ASEAN region. During the COVID-19 pandemic, Malaysia’s E-Commerce Industry has expanded at a fast pace. The accelerated E-Commerce industry’s growth is mainly due to the increase in the number of online shoppers. To start a business or buy a business in Malaysia you will need business licenses, specially if you are a foreigner, it's a must to have a Pvt. Ltd. or SDN BHD company. We are processing company registration, bank account, business licenses, accounts & taxes for you as experienced accountants, tax advisors, SST advisors & business investment advisors. Our advisory lines +60108242527 (whatsapp available) | +601121189303 (whatsapp available) 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 below as per business act 2016 & Malaysian Government policy;
Call, Email or text us & take an appointment from the website to visit our office in Malaysia. LIM & ANI ASSOCIATES SDN BHD Call: +60108242527 (whatsap & viber) Call: +601121189303 Call: +603-84081680 (office landline) Email: advisory@mbbusinessjoint.com www.mbbusinessjoint.com 
In this covid-19 economy catering business is a very good option to invest. Businessmen who want to open a company in Malaysia in the food-service sector as a catering business should also know that the highest development is going on the catering and food business industry. There was observed a high demand for catering businesses that had as a primary business activity home deliveries, specially with the development of online food apps.
The catering sector is expected to boom more in the following years because the Malaysian citizens have limited access to the restaurants as before, also have less free time to dine out. You should know that profitable business prospects are available for both chained food-service, but also for independent companies; our specialist advisors in Malaysia can provide fruitful information on how to start a business in this sector and can also help to manage the food regulations and licenses that must be maintained by all food businesses in Malaysia. To open a catering business in Malaysia you should know & follow the regulations concerning food safety. All food business operator is required to respect the applicable legislation; the most important regulations are presented below:
To start a catering business in Malaysia, the company has to make sure that the premises in which the food products are stored, handled, processed, and sold should respect the applicable legislation. The definition of a food premise is defined under the (Food Hygiene Regulations 2009). The company will have to make sure that the food premises respects a set of criteria. As stated by the applicable legislation, the important requirements are:
If the catering business registered in Malaysia wants to import food products in this country, it is necessary to know that imports have to be approved by the country’s Health Ministry, the Veterinary Department, and the Fishery Department, which are in charge of providing the necessary certificates on the matter. You are invited to contact us for company registration in Malaysia for further information on the business licenses that are necessary for any food business, we are offering a perfect investment and business package for a better future & family. To start a business or buy a business in Malaysia you will need business licenses, specially if you are a foreigner, it's a must to have a Pvt. Ltd. or SDN BHD company. We are processing company registration, bank account, business licenses, accounts & taxes for you as experienced accountants, tax advisors, SST advisors & business investment advisors. Our advisory lines +60108242527 (whatsapp available) | +601121189303 (whatsapp available) 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 below as per business act 2016 & Malaysian Government policy;
Call, Email or text us & take an appointment from the website to visit our office in Malaysia. LIM & ANI ASSOCIATES SDN BHD Call: +60108242527 (whatsap & viber) Call: +601121189303 Call: +603-84081680 (office landline) Email: advisory@mbbusinessjoint.com www.mbbusinessjoint.com |
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