MALAYSIA BIZBLOG
Office: +60384081680 | Advisory: +60108242527 (whatsapp)
 In the year 2023 starting a business in Malaysia is one of the best decisions you could make, The country has seen tremendous growth in recent years, and has made its name as one of the best places to invest for business and register a company. Malaysia has been awarded as the best investment country in the world for 2019 & 2020 by the CEOworld report and got Standard Chartered Group research recognition as one of the best business-friendly countries in Asia and the world. Today we will check the best profitable businesses in Malaysia 2023. The country is open for small, middle & big ventures with good returns. 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 in this post covid marker. To help you to decide, this business blog is going to describe some of the top best profitable business ideas in Malaysia for the year 2023, we can also help you to find a business for sale in Malaysia or take over a running business. 1. General trading 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. 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 investment in Hardware, Software & CRM sectors. We are providing an A to Z facility for our clients to start IT businesses including Taxation & other facilities. 3. Online shop In addition, an online shop is also a very good business idea, You can easily sell items on online platforms like Shopee, Lazada, and many more in Malaysia. This opens up a million ringgit business market for you without any shop setup and at a low expense. 4. 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 people use their private car that's why car washes & auto service workshops have a good profit scope. Vehicle registrations in Malaysia reach 31.2 million units as of 2019. You can get branded car wash franchise as we provide advisory for franchises & to do smart profitable investments with our proven successful client histories. 5. Super shops/Mini Mart/Departmental store Departmental stores or Kedai Runchit, Pasar Mini, etc are very popular & stable investments in Malaysia among foreign investors. Can start with a Minimum investment of RM 100,000 and with small sizes. For better profit also can do the following Franchise Departmental Store models, 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 a running business for sale in Malaysia to buy & invest in legal papers & security. 6. Small restaurant or cafe & food supply In this present economic situation, we will strongly suggest a small size multi cousin restaurant or an online food supply business. We know that Malaysia is a tourist country. The 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. Tourism Malaysia is a tourism-dominated economical country, this leaves tremendous benefits to make 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 centers with car rentals, etc. 8. Construction or real estate business As a populated country, the real estate business is a very profitable business to invest in. In Malaysia, there is a lot 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 experience in the Malaysian real estate business sector, we are successfully processing construction company setups for our clients including CIDB license process guidelines. 9. Garment/clothing/fashion The people of Malaysia are very fashionable. A retail fashion clothing store in a commercial location can bring good profits. Especially if you have a production line or garments factory you can make more profit. Setting up a clothing brand in Malaysia is quite easy, we are helping with the full business setup process. 10. Cleaning business Because of the present world health situation & health safety, cleaning & disinfection services are very profitable & on-demand. We can assist you to start your own cleaning company where you can do a cleaner supply business also. 11. Online supply & wholesale business Online business is a 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 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 businesses. 13. Mobile & Accessories The Mobile & accessories business has high potential in Malaysia. Usually, Malaysians 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 very popular in Malaysia. Starting a car rental business here can be a profitable investment. We are providing car purchase & full business setup facility. 15. Airbnb and guest house 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 that 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 consultancy, bank account, business licenses advisory, accounts & taxes for you by our experienced partner & associate accountants, tax advisors, SST advisors & business investment advisors. Our company registration consultancy 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 and 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 aid, 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, and is hard to find in many other countries in the world. Invest in Malaysia this 2022, as foreign direct investment for a better future & family. We are offering many business varieties in various investment budgets for foreign investors to make a profitable business investment as per their budget, so everyone gets a fair chance to make genuine investments & business survival in Malaysia, to grow together with Malaysia. Our advisory lines +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: +60172041317 Call: +60108242527 Call: +603-84081680 (office landline) Email: advisory@mbbusinessjoint.com www.mbbusinessjoint.com
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As one of the fastest growing countries, in Malaysia, the residential cleaning demands are increasing, as both spouses are working outside nowadays to increase the household income. Nowadays, many people are depending on part-time cleaners, that's why cleaning agencies or cleaner supply businesses is being very profitable in Malaysia.
You have to understand the requirements of the cleaning business and your capability. You need to make a plan and execute it step by step. If your interest is starting a cleaning services company in Malaysia, then we can assist you perfectly. Let's check on the steps mandatory to plan before starting a cleaning business. You need to understand the requirements of the business and your capability. You need to make a plan and execute it step by step. If your interest is starting a cleaning services company, then you are in the right place. Company, name, and Logo The first thing you will require is an SDN BHD (Pvt. Ltd.) company to start a cleaning or cleaner supply agency, where business advisories like us - Lim & Ani Associates, provides a full company setup service package according to your needs. A better company needs a name and logo. You should choose a few names related to your business to make it a brand. The name should sound like a cleaning business, and it should create a picture in the mind of the reader. Chose the types of cleaning services You can choose from many types of cleaning services such as carpet cleaning, house cleaning, office cleaning, part-time maid service, etc. You can provide all services from the same agency or choose a few particular options to offer. Let's check out some major and profitable sectors;
Licenses and insurance for cleaning services You will require a company license, bank account, nearest city corporation licenses, and insurance to keep your business and customers' properties safe. People only prefer those cleaning companies that have insurance. Hiring trained cleaners A better cleaner agency should have a strong team of qualified cleaners, who are experienced and well trained, we can assist you to find better cleaning staff, training, and resource from manpower agencies. Well equipped A better cleaning agency should have all the modern cleaning types of equipment and handy items to make the services more up to the mark, and customers also get attracted to the cleaning agencies who are providing better types of equipment at standard rates. Website and online marketing People usually search on the internet to find any service. The same is the case with cleaning services. It’s better to make a website and social media pages. This will increase your presence, and people will be able to contact you directly. Make sure to have a business email that sounds the same as your business name also add WhatsApp or mobile numbers for the convenience of your customers. Marketing and promotion Marketing is the most crucial part of flourishing your business. No matter whether you are an expert or you provide excellent service, if people don’t know about your company, then you won’t get any customers. You need to focus on online, offline, and practical marketing. Our expert marketing advisors will assist with your marketing needs and planning. We ensure your best ROI on marketing investment. Transport for cleaners One of the most important parts of a cleaning agency is the transport to cover the fastest delivery of services, a successful cleaning agency must be punctual with their services, a staff microbus or few small cars with drivers and logo are one of the most essential parts. As the owner's directors can drive them too if they have a large personal vehicle. In a word, we can assist you to start a profitable cleaning business in Malaysia within a budget of RM 100,000 to 150,000 and also get contracts, clients/customers, staff resourcing, proper equipment, and marketing planning. Contact & Email us for services price quotation Email: advisory@mbbusinessjoint.com WHY MALAYSIA IS SECURE BUSINESS HEAVEN NOW Malaysia is one of the strong economic power in Asia & the world, even surviving 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 aid, 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 2022, as a foreign direct investment for a better future & family. We are offering many business varieties in various investment budgets 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 +60172041317 (whatsapp available) | +60108242527 (whatsapp available) Our company registration consultancy package includes:
Call, Email, or text us & take an appointment from the website to visit our office in Malaysia. LIM & ANI ASSOCIATES SDN BHD Call: +60108242527 Call: +60172041317 Call: +601121189303 Call: +603-84081680 (office landline) Email: advisory@mbbusinessjoint.com www.mbbusinessjoint.com
Let's salute the Nation on Independence Day! Happy Hari Merdeka Malaysia 2022!
65 years of Malaysian independence! National independence day greetings to all from - Lim & Ani Associates Sdn Bhd. We are creating business independence in Malaysia! 
Today let us discuss, what should you know before starting your investment in Malaysia. We can tell you why & how to register a company in Malaysia or start a business, but you should also know things to prepare yourself and plan your investment with our professional business service experiences. Malaysia's Govt is providing one of the best business laws, taxation facilities, world-class health care facilities, and international education & living facility.
Plan your investment
First of all, you should have a proper investment plan, in any country you go for investment, you should have a proper plan, knowledge of the market, and steps, which experienced advisors like us - Lim & Ani Associates, can provide you the best solution.
Startup To start your investment in Malaysia you will require a company registered under your name, which service we also provide under our advisory services package, and all companies in Malaysia are registered under SSM or government company commission, following the company act 2016. All companies should have a bank company bank account, which is essential for business transactions, TT, issuing LC, audits, and tax filing. We are assisting our clients with banking under our package with banks like CIMB, UOB, OCBC, RHB, and HSBC. Whenever you are starting a business should remember, that every country has its tax law, and your company should have a tax file registration number, in Malaysia LHDN is the authority for taxation, where your business advisors like us, or company lawyers will open up your tax files for you and provide a registration number. Paid capital authorization Malaysian citizens can open half a million or RM 500,000 companies but we strongly suggest RM 1 million minimum for foreign investors (for licenses, commencements & immigration issues). Can contact our business advisors for paid-up capital planning and to assist you in choosing the best options available. Company registration In Malaysia, all foreigners must register an SDN BHD or PVT LTD company to proceed for business, get business licenses and apply for ESD licenses to get (a business visa). To open up a company you will need a local director and a residential address in Malaysia, which we also assist on. You should keep business natures according to your business choice in the company, so you can proceed for business faster as per your plan. Companies should have their own office for bank account opening or licenses, where you can rent your own office or service offices as per your business need. We are offering registered offices for free (for company opening purposes), and we are also assisting services offices with legal agreements on a low-cost budget. Investment budget Usually, you can start a business in Malaysia at any budget but if you are a foreigner you should start your business from at least RM 100,000 for better return and cover up costs, licenses costings are also should be in your budget plan. RM 100,000 can start almost any small business in Malaysia, which investment you can divide into two portions or RM 50,000. Our financial and business advisors can assist you to plan your investment budget and cash flow with a proper SAWT analysis. Company secretaries and advisors A company secretary and a business advisor are your best friends in Malaysia for better company services and investment processes. As one of the best business advisory firms in Malaysia, we are providing a vast network of company secretaries, business advisors, accountants, tax agents, and lawyers in Malaysia. You should remember your business advisors, company secretaries and lawyers are not your agents to settle your tourist visa, airticket, taxi, hotel or do anything illegal for money. They have their duties and responsibility for your business and company management, so you should keep it professional. Check the agreements before you sign to know their responsibility and your responsibility towards them. Keep a professional agreement documented relationship and get assistance to make your venture successful in Malaysia. Business place For business investment, a business location is very crucial, if your area of business and customer base is not planned can not expect a good profit. We are providing a thorough market and area research and location finding with a vast network of licensed property agents. We suggest our clients focus on KL or surrounding Selangor for a better business and investment opportunity. Bank account A bank account is a must for your business setup in Malaysia, we are assisting in the bank account opening, but have to choose the bank very cautiously because the maintenance fee differs from bank to bank, and opening deposit can differ from RM 2000 to RM 50,000 depending on your business need. These deposits and bank dealings should be done by you and learn the policies. Need all the directors in Malaysia to open the bank account and operate the bank cheque book and other banking instruments. Focusing You should be more focused when you are coming for investment, though Malaysia is a tourist country with lots of entertainment, while you are setting up your business should focus on the business only. Don't waste your time on traveling and entertainment. Process fee and price Don't go for a cheap price or low cost, on the other hand, don't go for a high price or cost. Go for the moderate price and cost. The company setup package can cost you up to RM 8500 to RM 14000 differs company by company. Also, try to get full service in a package don't go from service to service, which will cost you more and lose track. Business Security As a cautious investor, you should only process with the providers who will provide agreements, rental agreements, and purchase documents. Also, for business security, you should maintain proper accounting, annual audits, tax submissions, insurance, POS machines, and CCcam, Local nominee director To do the business licenses, bank account and licenses like ESD or business visa, a local nominee director is a must, usually, local directors charge annually RM 5000 or higher. For business securities, we maintain the local attachments with agreement and backups. Offshore or onshore companies In Malaysia, you can proceed for offshore companies also, but offshore companies have limited access to country facilities, and it's also costly to process (in USD value). So we suggest going for local onshore SDN BHD companies. What visas can you get as a foreign investor A Foreigner who is a Director/Shareholder of a Malaysian company can apply Director/Managing Director Visa or EP1/DP11 as “Company Managing Director/Director” including Dependent Pass for immediate family members (husband/wife, children under 18 years, and parents). The full process is under Malaysian immigration's ESD - Expatriate Services Department and ESD licensing. To do this process you will require proper company set up, banking and paid up capital, proper business setup, taxation, and applications, no such manpower agent or special payments are required. As business advisors, we assist our clients to do these licenses and applications properly with immigration, without any agent or extra payment issues.
Our company registration consultancy package includes:
Contact & Email us for services price quotation Email: advisory@mbbusinessjoint.com WHY MALAYSIA IS SECURE BUSINESS HEAVEN NOW Malaysia is one of the strong economic power in Asia & the world, even surviving 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 aid, 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 2022, as a foreign direct investment for a better future & family. We are offering many business varieties in various investment budgets 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 +60172041317 (whatsapp available) | +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 Call: +60172041317 Call: +601121189303 Call: +603-84081680 (office landline) Email: advisory@mbbusinessjoint.com www.mbbusinessjoint.com BEST GUIDE FOR COMPANY REGISTRATION AND BUSINESS SETUP IN MALAYSIA WITH BUSINESS MIGRATION8/11/2022 
One of the best guides for company registration & business setup in Malaysia with all frequently asked questions & information for 2022. We can tell you why & how to register a company in Malaysia or start a business, with our professional business service experiences. Malaysia has become one of the best business countries in the world for investment, one of the best business heaven & hub for doing secure business investment for better future & family. Malaysia's Govt is providing one of the best business laws, taxation facilities, world-class health care facilities, and international education & living facility. Nowadays most of the biggest & medium brands have their industry & business in Malaysia. Today let's know about some very important & frequently asked questions & the answers.
Does Malaysia have a company Act/Law to follow? Yes! company act 2016 which is being updated regularly. How many shareholders need to form SDN BHD/LLC? One person can open Sdn Bhd company legally but we recommend a combination of 2 persons. How much paid-up capital need? Malaysian citizens can open half a million or RM 500,000 companies but we strongly suggest RM 1 million minimum for foreign investors (for licenses, commencements & immigration issues). Is low-cost registrations are ok or why need a full package? We don't trap clients with low price lies but we provide quality legal services for actual results & profit at an appropriate rate. Only registering a company is not enough for proper business & success, end of the day need a full & complete services package as we provide. Including business licenses, banking, accounting, taxation, business license & setup supports. How long takes us to register Sdn Bhd? Normally within 2-3 days, company registration is done through SSM. Can I start a business right after the company registration on a visit visa? Yes, you can start a business, rent a shop or office, or open a bank account just after the company registration. Is it possible to do company registration & setup online? Yes, now you can register a company in Malaysia online with our digital company setup consultancy services package. In our regular full package price. We are also ensuring legal process security, agreement & payment security with PayPal Malaysia. For online company services & fees - CLICK HERE Do I need to have an office in Malaysia? Yes! The virtual address allows for company registration in Malaysia for foreigners. But physical office rental agreements act as a strength of the company & essential for business licenses, banking, etc. We are providing a registered office facility for free & virtual office facility at less cost. How much is the cost of Sdn Bhd company registration? Usual company registration only will cost you RM 2500, but for foreigners, it is not enough to set up business. Our complete and customized company registration and related services package (company registration, all business licenses application documents, applications, banking, legal papers, authentication, stamping, audit and taxation file opening, ESD applications, business setup advisor, statutory documents, etc) is only RM 7500. For company services & fees - CLICK HERE Usual annual company secretary services fee? We are offering a standard market rate of RM 65 per month, so (RM 65x12 months) is only Rm 780 annually. Business advisory fee? Our additional business advisory, accounting services advisory, taxation services planning consultancy, business planning, marketing advisory, etc advisory fee is RM 500 per session (1-hour session). But we are giving 1st two-time advisory sessions free for our clients, so you are getting sessions worth RM 1000 FREE! Do other licenses need to start a business? Signboard, premise, EPF, Export, Import, Halal, and WRT as per nature of business. Bank account? We prepare papers for you & open a bank account for you which is already included in our package. How I will buy a shelf company? The shelf company is a ready dormant company but the business is not run yet. We provide the same if you want to buy from us @ RM 4500 We are also providing name change, business nature change, directors agreement & other services post-purchase. Do I need a nominee director in Malaysia? No need technically, but as per rules & policy of the year 2022, it is required to have a local director. But if you want to open a full foreign LLC we can still assist you, we just suggest your easy business process. How much cost the local Malaysian nominee director service? The usual market rate is RM 5000 yearly. We provide local nominee directors for a minimum of 6 months at RM 2500. Is there any business aid available? Yes, Malaysia Government declared a few business aid & grants already, which are already implemented nationwide. New companies, can get RM 20,000 tax-free facility for 3 years. Can a foreigner register a company in Malaysia? A foreigner can hold 100 percent shares of the company & can open a company on a visit visa also which is counted as legal. What business foreigners are not allowed to do in Malaysia?
How can I get a business visa in Malaysia? Only companies with ESD registration can apply for business visas for their directors, we suggest all foreigners follow immigration rules strictly & avoid all brokers/visa agents being safe. Is it allowed to register a company without an investor visa or on a visit visa? Yes, they can. Which banks recommended opening a corporate account in Malaysia? MAYBANK, UOB, AmBank, CIMB, RHB, STANDARD CHARTERED, ETC How can I open a bank account for a foreign shareholding company? We are arranging the full bank account opening process for our clients, our partner banks are best to open a business account as the list mentioned in the above point. 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 consultancy, bank account, business licenses advisory, accounts & taxes for you by our experienced partner & associate accountants, tax advisors, SST advisors & business investment advisors. Our company registration consultancy package includes:
Contact & Email us for services price quotation Email: advisory@mbbusinessjoint.com WHY MALAYSIA IS SECURE BUSINESS HEAVEN NOW Malaysia is one of the strong economic power in Asia & the world, even surviving 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 aid, 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 2022, as a foreign direct investment for a better future & family. We are offering many business varieties in various investment budgets 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 +60172041317 (whatsapp available) | +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 Call: +60172041317 Call: +601121189303 Call: +603-84081680 (office landline) Email: advisory@mbbusinessjoint.com www.mbbusinessjoint.com 
Nowadays car rental business is one of the best profitable investment options in Malaysia. specially in an international business country like Malaysia, with vast market demand for rentals as its cheaper to rent anything & temporary for easy disposal. Today let's check out car rental business investment and procedure, we help you to start & set up in Malaysia profitably.
The car rental business is one of the best rental investment options. Many people & business requires rental car services, which have a good market demand if can be managed properly. With a fleet of 5 to 10 cars, anyone can start a profitable car rental business, where we provide company, legal business licenses, car purchase, car registration, and driver & business setup advisory services. Malaysia is a big country multi states with multi national population and as a leading tourist county, the necessity for car rental is high. Often locals travel from state to state and hire cars in their destination places, tourist and students also rent cars as temporary solutions. COST OF CAR RENTAL IN MALAYSIA 1. Small cars - Cars like Proton Saga and Perodua Bezza can cost around MYR 130 per day. Nissan Almera should cost you about MYR 155 per day. Toyota Vios and Honda City cost a bit higher - somewhere around MYR 190 per day. Toyota Innova falls in the higher segment and is likely to cost you MYR 340 per day. 2. Automatic and premium cars - Automatic cars will cost you around MYR 127 to MYR 323 per day. Small and medium cars are more or less of the same range. Sedan and premium cars cost somewhere around MYR 325 to MYR 340. 3. Luxury cars - High-end cars like Audi are likely to cost MYR 2000 per day. Car rental for the BMW series starts from MYR 1300 per day. Ferrari rental is somewhere around MYR 5000 per day. Mercedes rental is around MYR 2000 per day. Porsche rental will cost you around MYR 1800 per day. Per-day rental for Rolls Royce ghost will be around a ghastly amount of MYR 7500. Service providers include basic damage protection, basic theft protection, and taxes. However, the base rates neither include security deposits nor the cost of fuel. The terms and deposit amount may differ from one service provider to another. POLICIES TO KNOW 1. Driver's License & Age - The drivers and hirer must be between 23 and 65 years of age and must possess a valid driving license in Malaysia or a valid international driving license with at least two years of driving experience. Malaysian "P" license is not accepted. 2. Rates - Rates are quoted in Ringgit Malaysia. Daily Car Rental Malaysia rates cover a full 24 hours with unlimited mileage. The excess hour is calculated at 1/5 of the daily rental rates. Rental rates are subject to 5% government tax. 3. Minimum Rental Period - A minimum Car Rental Malaysia period of 3 days is applicable. 4. Insurance - Rates include unlimited liability insurance coverage of third-party bodily injuries and passenger risk and third-party property damage up to RM 100,000. 5. CDW - Vehicle insurance carries an excess of RM 2500 for group A, RM 3500 for group B, and RM 4500 for Group C for every accident causing damage to the rented vehicle, loss of car by fire, and theft will be the hirer's full responsibility and liability. 6. Car-rental Licenses - The car rental business requires a registered company (SDN BHD) in Malaysia for foreign investors, locals can operate with enterprise or sole proprietorship licenses also. An SDN BHD company is a private limited company where we can assist you with company incorporation, licenses, business planning, management, accounting, and audits. There are 2 types of car rental business licenses in Malaysia;
CAR PRICE IN MALAYSIA Car prices in Malaysia are quite cheaper than in other Asian countries, one can get a second-hand mint condition car from RM 30,000 to RM 100,000 depending on size, company, and model. Brand new cars can get from RM 60,000 to RM 200,000 or more. Even a small fleet at least for car rental business should be with 2 to 4 cars. In that case, the budget should be from RM 150,000 to 400,000. Depending on your earning expectations and capital capacity, usually, a car rental business profit margin in Malaysia is 5% to 10%. We are assisting our investment clients with car rental company setup, car rental business licenses, car purchase, hire drivers, car insurance, car rental business apps and IT support, marketing and corporate rental attachment, business management, accounting, and audit. 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 consultancy, bank account, business licenses advisory, accounts & taxes for you by our experienced partner & associate accountants, tax advisors, SST advisors & business investment advisors. Our company registration consultancy package includes:
Contact & Email us for services price quotation Email: advisory@mbbusinessjoint.com WHY MALAYSIA IS SECURE BUSINESS HEAVEN NOW Malaysia is one of the strong economic power in Asia & the world, even surviving 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 aid, 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 foreign direct investment for a better future & family. We are offering many business varieties in various investment budgets 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 +60172041317 (whatsapp available) | +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 Call: +60172041317 Call: +601121189303 Call: +603-84081680 (office landline) Email: advisory@mbbusinessjoint.com www.mbbusinessjoint.com 
Most investors ask for the best investment sector or global business sector in Malaysia with the best facilities, where we mostly suggest the ICT sector. We will discuss the existing information and policies regarding the ICT sector, authorities, and other sides. Also, how can we assist you in this whole process of invest in Malaysia ICT business for easy visa and free tax facility 2022.
Let's get some background first on our terms of discussion:
What is the eligibility to get MSC status?
Companies must have activities from the list below
Benefits of MSC Status Company for Foreign Investors in Malaysia With technology and tech-based investments as a new profitable investments, it is clear that FDI (foreign direct investment) into Malaysia will increase. MSC is an important investment attraction strategy that is contributing to Malaysia's economic growth, foreign investment inflow, job creation, and infrastructure development. Foreign investment in ICT sector increased to RM30.2bil in the first nine months of 2021 from RM14.6bil in 2020. MSC Status Companies are getting many benefits, rights, and privileges. Below benefits are granted by the Malaysian Government under the 10 Bills of Guarantee ("BOG") as follows:
Living and visa status Also, it's very easy to get expatriate status through companies registered with MDEC or has MSC status. Foreign investors can get living or residential visas with their families to live in Malaysia and persuade their business and also recruit foreign technocrats as per their business requirements, which is much easier than in other sectors. With MSC Status, companies can enjoy a pioneer status ("PS"). This refers to filling tax-free on taxable statutory income or corporate tax. Such incentives are for ten years and MSC Malaysia Status approved activities only. Another benefit that attracts foreign investors is the investment tax allowance that was given to MSC Status companies. These facilities are for 100% deduction on capital qualifying expenditure that includes hardware & software, purchase or renovation of office or building, and greenery or landscape expense in Cyberjaya. From the very beginning of MSC in 1996, Malaysia has gained a total investment of more than RM384 billion and revenue of RM588 billion and has created 184,030 high-skilled jobs through this program. Malaysia has also grown into a global digital economic power and rank in the Top 3 in the Global Service Locations Index by Kearney since 2004. Malaysian government making MSC more powerful and foreign investment-friendly day by day, that's why the ICT sector has become a powerful and profitable sector to invest in for foreign investors. Market status Malaysia's small businesses are getting more successful because of the relatively strong use of digital technologies. Selling online is becoming increasingly important for Malaysia's small businesses. 63.9 percent earned more than ten percent of their revenue from online sales in 2020, up from 47.5 percent in 2019. So there is a vast opportunity for tech or ICT companies in Malaysia. We welcome companies, ICT experts, businessmen, and investors in Malaysia for better investment security and profit. Our assistance We are assisting our clients and investors to incorporate companies, application process to get MSC registration, getting the status and process required documents, set up offices, getting additional licenses, reach the market for listed sectors approved my MDeC and MSC status, resourcing technical hands, audit, accounting and taxation planning, expatriate visa application assistance with MDEC, An a to z legal and professional business consultancy. With an investment budget of RM 100,000 to RM 150,000 we can assist you in setup your ICT business in Malaysia. Our company registration consultancy package includes:
Our advisory lines: +60172041317 (whatsapp available) | +60108242527 (whatsapp available) Email us for any queries: advisory@mbbusinessjoint.com Call, Email or text us & take an appointment from the website to visit our office in Malaysia. LIM & ANI ASSOCIATES SDN BHD Call: +60108242527 Call: +60172041317 Call: +601121189303 Call: +603-84081680 (office landline) Email: advisory@mbbusinessjoint.com www.mbbusinessjoint.com 
Today we will discuss some good news for investors and businessmen in Malaysia or interested to invest in Malaysia, as Malaysia is still safe and will survive the world recession in 2022 starting slowly and might hit the world economy fully by 2024. For the covid-19 pandemic situation, china lockdown and Russia-Ukrain conflict the world economy facing a downward market, specially starting in the oil market.
But the gopod news is, the economic growth projection of Malaysia between 5.3% and 6.3% this year is still good and on track, said Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz. Malaysia would see further growth momentum in the second quarter after recording a strong first-quarter gross domestic product growth of 5%. Top economists added to the recession talk, with former New York Fed President Bill Dudley saying it was “inevitable within the next 12 to 18 months”. Elon Musk, JP Morgan boss Jamie Dimon and Nouriel Roubini are among several others to have made similar forecasts. The prospect of a retreat in the global economy continued to drag oil prices down as traders fret over demand, with both main contracts down more than three percent, having tumbled on Wednesday. Brent and WTI have dropped around 15% over the past week, even with sanctions on Russian crude exports and China’s gradual reopening from lockdowns. Malaysia's economic growth picked up pace in the first quarter and was likely to accelerate further this year amid sustained demand and the reopening of international borders, the central bank said on Friday. Gross domestic product rose 5% in the January-March period, faster than the 4% expansion forecast by a Reuters poll and up from 3.6% growth in the previous quarter.
Although the downside risks have risen on the global front, we are confident of our growth trajectory and we do not see a risk of any recession in Malaysia. Expansion was mainly driven by the services and manufacturing sectors, particularly continuing demand for semiconductors and consumer products such as motor vehicles, Bank Negara Malaysia said. MARC Ratings Bhd mentioned that Malaysia’s pace of recovery is already relatively slow despite a significantly larger fiscal size seen in the post-2008 Global Financial Crisis, but the good news is it will survive with planned recovery packages and large domestic market growth. Investments in Malaysian domestic market is still stable and predicted to be stable for another 5-10 years for the survival of your investment. The Malaysian Investment Development Authority(MIDA), Formed: 1967; 55 years ago, is trying their best to keep the economy and investment market stable through global investments which is fruitful enough, proven already. We can ensure investment security and survival in Malaysia on the global economic projection. 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. 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. 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. 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. 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. 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 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. 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 consultancy, bank account, business licenses advisory, accounts & taxes for you by our experienced partner & associate accountants, tax advisors, SST advisors & business investment advisors. Our company registration consultancy 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 +60172041317 (whatsapp available) | +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 Call: +60172041317 Call: +601121189303 Call: +603-84081680 (office landline) Email: advisory@mbbusinessjoint.com www.mbbusinessjoint.com 
Foreign businessmen and companies who want to start a company in Malaysia should know details about foreign company registration in Malaysia this 2022 and business entities that permit foreign ownership. Here we will look at the available company registration options for foreign businessmen and companies in Malaysia, and will also talk about the process and requirements.
Get a RM20,000 tax rebate per year for the next 3 years when you register your company this 2022 in Malaysia. FOREIGN COMPANY REGISTRATION OPTIONS IN MALAYSIA Foreign investors can obtain ownership of a company by setting up one of the following foreign company registration options in Malaysia:
Branch office A branch office is not a separate legal entity and is an extension of the foreign parent company. The foreign parent company is liable and responsible for all the debts and operations of the branch in Malaysia. The activities of a branch office must be the same as the foreign parent company, and a branch is suitable for foreign companies that want to expand their business to Malaysia for a short-term basis. There must be at least one Malaysian resident nominee director or agent to set up the branch in Malaysia.
Representative office Foreign companies that want to increase their market and understanding of the Malaysian business environment can set up a representative office. A representative office does not have an independent legal standing in Malaysia. Therefore, the parent company is responsible for the debts and liabilities.
Private limited company The private limited company or SDN BHD is the most common type of entity for foreign investors. Foreigners are permitted to own 100% of the company. However, for some industries, they will need 50% to 60% Malaysian ownership. These industries include agriculture, banking, education, oil and gas. A private limited company or SDN BHD is a separate legal entity from its owners, meaning that it can buy or sell property, enter legal contracts and sue or get sued in courts.
But for taxation intensive, staff recruitment, business visa for directors, family dependent facilities, business licenses, and many other purposes mostly foreigners chose private limited companies and we also suggest for Private limited or SDH BHD company. Post-registration requirements and compliance Once you have successfully registered the company in Malaysia, you must fulfil post-registration requirements and obligations. These requirements are:
Email us for more details: advisory@mbbusinessjoint.com Why Lim & Ani Associates Sdn Bhd We are providing one of the best business & company setup consultancy 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. LIM & ANI ASSOCIATES SDN BHD Call: +60108242527 (whatsap & viber) Call: +60172041317 (whatsapp) Call: +601121189303 Call: +603-84081680 (office landline) Email: advisory@mbbusinessjoint.com www.mbbusinessjoint.com 
According to the 2022 Milken Institute Global Opportunity Index, Malaysia ranks No. 1 in emerging Southeast Asia as the country with the most potential to attract foreign investors. From manufacturing and distribution to technical expertise in the service sector, doing business in Malaysia offers opportunities to everyone. Investors will find business heaven of investment opportunities upon their arrival. The World Bank has ranked Malaysia as the 6th friendliest country in the world to do business in, beating developed countries such as the United Kingdom, Australia, and South Korea.
Here are the reasons why any investor and businessman can invest in Malaysia for a better business experience and profit; 1. Strategic Location Malaysia is in the heart of ASEAN and has vast market access of over 600 million people. The country has a GDP of more than US dollar 1.5 trillion. Major international business centers in Asia such as Tokyo, Beijing, Hong Kong, Shanghai, and Seoul are very easily reachable from Kuala Lumpur. 2. Easy Business Starting a company in Malaysia is easier than in other many countries in the world, with only 3 working days and an affordable fee to incorporate a company, it's very easy and systematic to set up a company and business, specially with the assistance of business setup consultancy firms like us; Lim & Ani Associates. 3. Political Stability Malaysia continues to enjoy a politically stable environment even after 64 years of independence, led by a democratic government. Malaysia is a country of states, federal policies, patriotic Malaysian nature kept the benefits of the country's economy above all political differences. All the Governments are very friendly with foreign investors and businessmen. 4. Incentives Malaysian authority offers incentives to the industries to set up their business to encourage foreign investors to participate in the Malaysian economy. Tax incentives and expatriate employment incentives are noticeable among them. 5. Infrastructure Infrastructure in Malaysia is excellent and constantly improving. It is one of the most well-developed countries in Asia, making it a great choice for both secure living and for business or investment. World-class airport and the world’s 12th busiest seaport provide great connectivity with the world. Industries in Malaysia are predominantly located in over 500 industrial parks or estates and 18 Free Industrial Zones. 6. Workforce In terms of employment by skill level, Malaysia's share of skilled employment is at 28.2%. At the same time, the share of semi-skill workers is at 59.9% and the share of low-skilled employment is at 11.9%. Free education policies have contributed greatly toward the development of a productive workforce in the country. International investors and businessmen don't have to worry about setting up a business in Malaysia because most of the population is trained in various ways and very fluent in English to access the easy workforce. 7. Business-Friendly According to a Standard Chartered Group study, MALAYSIA is ranked the “second most favorable country” for foreign investment in Asia by European and US companies. Malaysia ranked as the number 1 country in the world for easy business process and friendliest in doing investment by the CEOWorld report 2019 & 2020. Strategic location, stability, affordable living with full of business investment opportunities in Malaysia increased the demand for setting up companies on Malaysian soil. 8. Living facilities Not only a vast market and an easy company or business setup, but the country also has a multi-culture environment, which makes Malaysia a compelling destination to live in. The low crime rate, anti-corruption law, and stands made Malaysia a more attractive living place for all peace-loving people around the globe. Well-developed medical network, low-cost living, easy to access transport, world-class education system made Malaysia one of the best living and migrating destinations for investors and businessmen. Malaysia is also providing a business visa facility for investors to live here with family and do a fruitful business in peace. 9. Big e-commerce market Malaysia's E-commerce industry is expected to grow at an annual growth rate of 11.4 percent (CAGR 2019 -2019) and the total revenue for the entire industry is $1.31 billion. The growth is expected to grow to $2.53 billion by 2022. One of the biggest online markets with active buyers who are purchasing daily. From home decor to food, electronics to kitchen items all are purchasable in Malaysia's online market with easy online payment terms. 10. Banking Malaysia has a very strong banking system with lots of banks and strong business banking facilities, low rate of interest, and SME business loans making Malaysia's banking sector more business-friendly. In short, with the best business policies, updated business law, and vast business market access, it's the best time for investors to invest in Malaysia and grow with profit and business security even in this COVID-19 economy. It's a very attractive and fruitful destination for secure business investment, future growth, and family living. Email us for more details: advisory@mbbusinessjoint.com Why Lim & Ani Associates Sdn Bhd We are providing one of the best business & company setup consultancy 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. LIM & ANI ASSOCIATES SDN BHD Call: +60108242527 (whatsap & viber) Call: +60172041317 (whatsapp) Call: +601121189303 Call: +603-84081680 (office landline) Email: advisory@mbbusinessjoint.com www.mbbusinessjoint.com |
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