MALAYSIA BIZBLOG
Office: +60384081680 | Advisory: +60108242527 (whatsapp)
The best guide for company registration & business setup in Malaysia with all frequently asked questions & information for 2021. We can tell why & how to register a company in Malaysia or start a business, with our professional business service experiences. At present time & covid-19 economy 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 Govt is providing one of the best business law, business taxation, health facility & 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 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 company 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 result & profit in 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, accountign, taxation & setup supports. How long takes us to register Sdn Bhd? Normally within 2-3 days, company registration is done through SSM. Is it possible to do company registration & setup online? Yes, now you can register a company in Malaysia online with us. In our regular full package price. We are also ensuring legal process security & payment security with PayPal Malaysia. For online company services & fee - CLICK HERE Can I enter Malaysia for business in this COVID-19 situation? Yes, can come to Malaysia through the MyTravelPass system by Malaysian immigration. We are processing invitations, applications, authorizations & all legal documents for investors, clients & eligible business personals to enter Malaysia for important business & investments. 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 agreement act as strength of the company & better for business licenses, banking, etc. We are providing registered office facility for free & virtual office facility in less cost. How much is the cost of Sdn Bhd company registration? The full package including several services (all applications, banking, legal papers, statutory documents, etc) is only RM 7500. For company services & fee - CLICK HERE Our annual company secretary services fee? We are offering a standard market rate of RM 60 per month, so (RM 60x12 month) is only Rm 720 annually. Business advisory fee? Our additional business, accounting, taxation, business planning, marketing, 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? As your company secretary, we can prepare papers for you & assist you to open a bank account in banks, also can arrange foreigners to be the sole signatory. 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 5000 We can also assist in a 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 2020, it is required to have a local director. But if you want to open a full foreign LLC we can still support you, we just suggest for your easy business process. How much cost for the local Malaysian nominee director service? Usual market rate RM 5000 yearly. Any Taxation facility? New registered companies and businesses will get a 20% tax rebate on taxable business income. Is there any business aid available for COVID-19? Yes, Malaysia Government declared a few business aid & grants already, which are already implementing nationwide. Can a foreigner register a company in Malaysia? A foreigner can hold 100 percent shares of the company & can open a company in 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 Visa for their directors & we suggest all foreigners follow immigration rules strictly & to avoid all brokers/visa agents being safe. Is it allowed to register a company without an investor visa or in a visit visa? Yes. Which banks recommended opening a corporate account in Malaysia? MAYBANK, UOB, AmBank, 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 above point. We ensure sole signatory for our foreigner investor clients also.
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.
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. 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 Govrment 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
0 Comments
The genuine Investors & businessmen from all over the world can enter in Malaysia again for business purposes, lets see how its possible or we can help for out FDI - Foreign Direct Investment clients through legal Government & immigration policy.
The Immigration Department of Malaysia has launched the MyTravelPass system, which made it easier for Malaysians and foreigners to apply for entry or exit permits during the Covid-19 period. It reduced the application time to a maximum of five days. WHO CAN APPLY MTP Foreigners who wish to enter Malaysia with purpose of :
FOR PURPOSE OF HOLIDAY AND SOCIAL VISIT IS NOT ALLOWED WHO CAN NOT USE MTP Foreigner who holds Malaysia Long Term Visit Pass (LTVP) as follow are NOT ELIGIBLE TO APPLY through this channel :
AFTER ARRIVAL IN MALAYSIA WITH MTP Upon arrival in Malaysia, applicant needs to comply to the following procedures :-
QUARANTINE PERIOD CUT TO 10 DAYS Tan Sri Dr Noor Hisham Abdullah said the monitoring and observation period for travellers from abroad, as well as close contact tracing management would be shortened to 10 days instead of 14 day. BE CAREFUL FROM FRAUD AGENTS Remember it's only can be done through MTP system from Malaysia, dont get cheated by any visa agents or fake other country agencies. We are helping & advising genuine business investors online to apply who are interested to do investment in Malaysia with proper financial prove. We are helping to process the full legal business & investment papers 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 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 Call: +601121189303 Call: +603-84081680 (office landline) Email: advisory@mbbusinessjoint.com www.mbbusinessjoint.com 
Malaysia is one of the best places to invest in this covid-19 economy, awarded as the best investment country in the world for 2019 & 2020 by CEOworld report. 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 2021, we can also help you to find a business for sale in Malaysia or take over a running business.
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 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 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. Cleaning Because of th present situation & health safety, cleaning & disinfection services are very profitable & on-demand. 10. 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. 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. Current pandemic business facilities 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 Govrment 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
Selamat Hari Merdaka 2020! 63 years of Malaysian independence!
National independence day greetings to all from - Lim & Ani Associates Sdn Bhd. Creating business independence in Malaysia! 
The COVID-19 outbreak has completely changed the way we live, the way we do business, and the way our economy functions as a whole. Many states are still in lockdown. More people are being asked to work from home. Video conferencing and Zoom have replaced face-to-face interactions.
And with so many people being asked or choosing to spend the majority of their time at home, it’s been an especially difficult time for many small businesses. But there’s one business model that’s booming in the midst of the coronavirus crisis—and that’s home delivery. More consumers than ever are turning to delivery services to get the products they need (for example, downloads of the grocery delivery app Instacart increased a whopping 218 percent from February, before the pandemic really hit in the US, to March, when stay at home orders started to roll out across the United States). So, if you want to continue to drive sales, you should definitely consider pivoting your operations and moving towards a delivery model to better serve your customers. But how, exactly, do you do that? Let’s take a deep dive into how business owners can run a successful delivery company during the COVID-19 crisis (and continue to drive sales and revenue as we navigate the new normal): Figure out how to pivot your business model to delivery If delivery is uncharted territory for you and you’re offering delivery services for the first time, the first step to running a successful delivery company? Figure out how to pivot your current business model to delivery. How to successfully pivot to delivery is going to depend on your business, your customers, and your bandwidth, but some questions you’ll want to keep in mind when figuring out your delivery strategy include:
Handle the logistics Once you’ve figured out how to pivot towards delivery, it’s time to tackle the logistics of adding delivery services to your business. While every business will have different logistical issues, some of the logistical tasks you’ll definitely want to tackle before launching delivery services include:
Develop a system for managing delivery orders When it comes to deliveries, there are a lot of moving parts; you need to keep track of your orders, collect payment, assign orders to delivery drivers, and make sure that each order is making it to your customer quickly, efficiently, and with each item they ordered and paid for. Without a clear system in place for managing your delivery orders, things can quickly devolve into chaos. Which is why you need a system in place from the get-go. Before you launch your delivery services, you need a clear plan in place for:
Spread the word about your delivery services You can’t run a successful delivery company if no one knows you’re offering delivery services. So, one of the most important aspects of launching delivery? Getting the word out. If you want your delivery services to take off, you need to let people know that you’re offering delivery. If you’ve been closed, email your customers to let them know you’re reopening as a delivery service. Share discount codes on your social media profiles to encourage your customers to order delivery. Look for creative ways to generate buzz around your new delivery services, like partnering with other small business owners to deliver local product packages or offering free delivery for frontline healthcare workers. The point is, a clear marketing strategy is a key part of building any successful business—and if you want your delivery service to succeed, you need to spread the word to as many customers as possible. Implement safety measures for your customers and delivery staff The well-being of your customers and delivery personnel needs to be top priority when you’re delivering in the midst of the coronavirus pandemic—and that means taking the necessary safety precautions to protect them. Make sure your team is practicing social distancing and taking proper sanitation measures when fulfilling delivery orders. Provide face masks, hand sanitizer, and gloves to your entire delivery staff. Offer contactless delivery options to minimize exposure between delivery personnel and customers. In the midst of the coronavirus pandemic, you can’t be too safe, so make sure you’re taking any safety precautions recommended from the CDC and World Health Organization and are doing everything necessary to protect yourself, your staff, and your customers. Deliver your way to a more sustainable business There’s no denying that small businesses have been hit hard by COVID-19. But by adding delivery services to your current business model, you can build a more sustainable business to carry you through these uncertain times—and emerge stronger on the other side. This article was contributed by Deanna deBara and originally posted on Hourly.io (Guest blog post) 
For benefits like reduced tax liability, image credibility, and so on, Malaysia is fast becoming a place of interest by many investors to incorporate an offshore company. Labuan in Malaysia has gained its reputation as one of the few off-shore financial centers in Asia that attract many multi-national companies and investors across the world by using Malaysia as their international business heaven or doorway.
Like many other low tax jurisdictions, Labuan imposes no-tax or low-tax policy for the majority of companies with foreign or offshore sourced income. If your requirements are tax-free trading, asset protection, privacy, and more, then what you’re looking for is an offshore company, for which Malaysia Labuan state offshore companies are best. Offshore company benefits in Malaysia
Offshore company problems in Malaysia
Offshore taxation laws came into effect on 1 January 2019:
Offshore company registration fee in Malaysia
Labuan company registration fee is usually from USD 1000 to USD 1500, the full package can cost USD 5000 to USD 5500, the annual maintenance fee is USD 2500 to USD 2600. We are offering one of the best experienced Labuan or Offshore company registration or setup services at a very competitive price. Fill up the form below to get our services quotation for an offshore company in Malaysia with the details of our services.
We are also offering inshore or SDN BHD (Pvt. Ltd.) company registration services also with all the legal business management process.
Why Lim & Ani Associates Sdn Bhd We are providing one of the best business & company services in Malaysia, with experienced & licensed company secretaries, professional accountants, auditors, tax & SST experts, expert business advisors in Malaysia. As one of the best leading corporate advisors, we make sure that your company registration, investment, business management in Malaysia runs smoothly & tensions free, while meeting all the existing compliance laws and regulations. Our advisory line to discuss more about starting business with business management +60108242527 (whatsapp available) +601121189303 (whatsapp available) Call, Email, or text us & take an appointment from the website to visit our office in Malaysia. LIM & ANI ASSOCIATES SDN BHD Call: +60108242527 (imo, whatsap & Viber) Call: +601121189303 Call: +603-84081680 (office landline) Email: advisory@mbbusinessjoint.com www.mbbusinessjoint.com Start export import business in Malaysia 2020 - Export import company registration in Malaysia7/18/2020 
Start an export-import business in Malaysia this 2020, to import or export goods in Malaysia all traders first need to do export-import company registration in Malaysia (as per company act 2016) with a legal company secretary service provider, like us Lim & Ani Associates, providing company secretary, accounting, taxation, business advisory service, export-import licenses process, warehouse & office rental, supplier contact, shipping support, banking & LC support, etc. a one-stop business solution in Malaysia.
Once registered, a business bank account is done with formal office setup, the company should apply for an import license from the Ministry of International Trade and Industry (MITI).
Permits required for certain exported goods Certain goods require additional approvals from affected ministries under the Customs (Prohibition of Export Order, 1998) :
Tariff & Tax Malaysia follows the Harmonized Tariff System (HTS) for imported and exported goods not originating (ASEAN). For goods arriving from ASEAN member states, Malaysia follows the ASEAN Harmonized Tariff Nomenclature (AHTN). Free Trade Zone Port Klang Free Trade Zone is a very popular one, as port Klang is the commercial sea gateway of the Malaysian trade system. This zone includes 1000 acres of land, with many benefits for local & foreign investors. Malaysia is a partner to seven bilateral free trade agreements (FTAs) and six regional FTAs. Malaysia has signed bilateral FTAs with:
Conditions & procedures of applying the licenses Companies need to be registered in Malaysia under SSM. Companies need to submit the Application Form together with:
PROHIBITION/RESTRICTION OF EXPORTS - The following goods are absolutely prohibited from exportation:
As a main sector of business Malaysia govt & Industry development authority welcoming Traders from home & abroad to invest in Malaysian international trading with a defined business law & flexible policy. The investor-friendly world-class infrastructure giving a boost to investor's business & profit, land & sea communication also a blessing in Malaysia, with a vast source of educated manpower & defined taxation policy. Why Lim & Ani Associates Sdn Bhd We are providing one of the best business & company services in Malaysia, with experienced & licensed company secretaries, professional accountants, auditors, tax & SST experts, expert business advisors in Malaysia. As one of the best leading corporate advisors, we make sure that your company registration, investment, business management in Malaysia runs smoothly & tensions free, while meeting all the existing compliance laws and regulations. Our advisory line to discuss more about starting business with business management +60108242527 (whatsapp available) Call, Email, or text us & take an appointment from the website to visit our office in Malaysia. LIM & ANI ASSOCIATES SDN BHD Call: +60108242527 (imo, whatsap & Viber) Call: +601121189303 Call: +603-84081680 (office landline) Email: advisory@mbbusinessjoint.com www.mbbusinessjoint.com Malaysia ranked in the top 5 best countries in the world for successfully fighting COVID-197/5/2020 
Photo credit: Bernama
Malaysia ranked in the top 5 best countries in the world for successfully fighting COVID-19. According to Bernama, Senior Minister (Security Cluster), Datuk Seri Ismail Sabri Yaakob said that Malaysia has been recognized as among the five nations in the world to have succeeded in controlling the spread of COVID-19. The recognition comes after a global survey where the government's actions in controlling the spread of the virus were well accepted by the people.
"People acceptance of the government's actions received recognition in a global survey where Malaysia was ranked among the top five countries in the world, with the highest public approval," he said during the daily press conference on the last 14 June. We appreciate all people in Malaysia and our national heroes – the front-liners! They made an example for other nations in the world. Together we can fight the spread of COVID-19. Malaysia already entered in the recovery period (RMCO). The government announced business packages to revive the local economy after lock-down. The Ministry of Entrepreneur Development and Cooperatives (MEDAC) will allocate RM452.8 million to assist COVID-19 affected entrepreneurs under a business recovery plan to support the stability of the entrepreneurial structure of Malaysia. The allocation expected to benefit more than 21,847 micro-entrepreneurs, small and medium enterprises & social entrepreneurs. Now it's the best time to think about investing in Malaysian business entrepreneurship sector & start a new business or startup. This smart business aids will boost-up your business & let you grow to-gather with Malaysia & sustainable Malaysian economy. This why investors & businessmen in Malaysia should start business with legal company & business licenses to claim this aids. Why Lim & Ani Associates Sdn Bhd We are providing one of the best business & company services in Malaysia, with experienced & licensed company secretaries, professional accountants, auditors, tax & SST experts, expert business advisors and we are offering a one-stop business service in Malaysia. As one of the best leading corporate advisors, we make sure that your company registration, investment, business management in Malaysia runs smoothly & tensions free, while meeting all the existing compliance laws and regulations. Our advisory line to discuss more about starting business with business management +60108242527 (whatsapp available) Call, Email, or text us & take an appointment from the website to visit our office in Malaysia. LIM & ANI ASSOCIATES SDN BHD Call: +60108242527 (imo, whatsap & Viber) Call: +601121189303 Call: +603-84081680 (office landline) Email: advisory@mbbusinessjoint.com www.mbbusinessjoint.com 
In a statement 1st July 2020, immigration director-general Khairul Dzaimee Daud said all parties with MM2H matters to attend to would need to go to the immigration department headquarters in Putrajaya.
From July 6, the immigration department will handle all matters related to the Malaysia My Second Home (MM2H) program which allows foreigners to stay in the country for a period of 10 years as a retirement program. But, applications (for visa holders) to return to Malaysia will still go through the tourism, arts and culture ministry. This follows a report that the MM2H center in the tourism ministry had been closed “until further notice”, amid talk that 90% of applications for the program had been rejected. Newsource: freemalaysiatoday
OUR LEGAL ADVISORY ON MM2H (Malaysia My Second Home) PROGRAM
Who & why should apply for mm2h in Malaysia
Let's see how to save your self
According the new rule Above 50 years old applicants liquid bank deposit need to show RM 350,000.
Keep in mind
We ensure INVESTMENT process legally in MM2H for our clients, with our legal nominee board services, investment & business management services, business lawyer, chartered accounting, taxation & banking support. Don't get fraud, know the truth to plan & process for better future, before you apply for second home. Why Lim & Ani Associates Sdn Bhd We are providing one of the best business & company services in Malaysia, with experienced & licensed company secretaries, professional accountants, auditors, tax & SST experts, expert business advisors and we are offering a one-stop business service in Malaysia. As one of the best leading corporate advisors, we make sure that your company registration, investment, business management in Malaysia runs smoothly & tensions free, while meeting all the existing compliance laws and regulations. Call, Email, or text us & take an appointment from the website to visit our office in Malaysia. LIM & ANI ASSOCIATES SDN BHD Call: +60108242527 (imo, whatsap & Viber) Call: +601121189303 Call: +603-84081680 (office landline) Email: advisory@mbbusinessjoint.com www.mbbusinessjoint.com 
The construction or real estate development sector in Malaysia is playing a very important role in the economic growth in terms of generating vast revenue. Mega infrastructure development projects in Malaysia, growing this industry more profitable. The construction sector includes residential construction, non-residential construction, civil engineering and mega govt allowed projects. Malaysia govt welcoming legal investments with a positive Foreign Direct investment, business & tax policy. Construction in Malaysia averaged 12208.37 MYR Million from 2010 until 2020.
Same as other businesses, you will need a construction company to do construction business in Malaysia. Company registration, banking, basic papers all might be the same but to do construction business there are some specific licenses you will need. As usual under company act 2016 you will need to SDN BHD company registration, After getting company registration, you have to bank account & get CIDB (Construction Industry Development Board) license. Construction Industry Development Board (CIDB) CIDBis a compulsory requirement for all types of companies operating in the Malaysian construction sector. Effective from 20 July 1995, all local or foreign contractors must register with the Construction Industry Development Board under Section 25 of Act 520 (Amendment 2011) before undertaking and completing any construction work in Malaysia unless they granted an exemption under Section 40 (1) of the Construction Industry Development Board of Malaysia Act 1994 (Act 520). This license is renewable and available for a period of a minimum of one year to three years. Applicant companies will need to pay a certain tax when applying for the construction license according to the grades of CIDB variation. Depending on CIDB grade construction companies can do the full project, development, or sub-construction contracts. With CIDB license what construction services a construction company can provide:
CIDB APPLICATION To obtain CIDB license companies must have paid capital (as per category requirement), 1 civil & 1 mechanical engineer (diploma engineer also work) from Malaysia, share distributions if have foreign shareholders in the company, an office address, a registered company secretary office address, etc. OUR CIDB APPLICATION SERVICES In this process we help our clients to complete the application process with company documents preparation, CTC, paid up capital documentation, recruit local engineers, legal business advisory according updated authority law. After CIDB there are few more licenses or papers companies must have to operate construction business in Malaysia, such as; Bumiputera Status Certificate to participate in government projects, etc. Construction companies are always labour related so we also advise interested investors to be aware of & follow MALAYSIAN EMPLOYMENT ACT 1955. 
Why Lim & Ani Associates Sdn Bhd
We are providing one of the best business & company services in Malaysia, with experienced & licensed company secretaries, professional accountants, auditors, tax & SST experts, expert business advisors and we are offering a one-stop business service in Malaysia. As one of the best leading corporate advisors, we make sure that your company registration, investment, business management in Malaysia runs smoothly & tensions free, while meeting all the existing compliance laws and regulations. Our advisory line to discuss more about starting a business & company in Malaysia Call: +60108242527 (whatsapp available also) Call, Email, or text us & take an appointment from the website to visit our office in Malaysia. LIM & ANI ASSOCIATES SDN BHD Call: +60108242527 (imo, whatsap & Viber) Call: +601121189303 Call: +603-84081680 (office landline) Email: advisory@mbbusinessjoint.com www.mbbusinessjoint.com |
Author
© Lim & Ani Associates Archives
December 2020
Categories
All
|
RSS Feed
