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

Photo: ringgitplus

Minister, Datuk Seri Wan Junaidi Tuanku Jaafar, in a statement, said MEDAC tabled the Entrepreneur and Cooperative Recovery Plan at a Cabinet meeting on May 6, 2020. He also mentioned, it contains 30 programs that will be implemented in two phases, namely the immediate measure from May to December 2020 and the medium-term from January 2021 to May 2021.

He also added, MEDAC is working with the Ministry of Finance in formulating the Post COVID-19 Short and Medium-Term Economic Recovery and Restart Plan. “MEDAC is a member of the SME Recovery Support Working Group which focuses on short and medium-term strategies and initiatives to revive affected entrepreneurs and accelerate the country’s economic growth,”

“The current and future initiatives are in line with the government’s policy of ensuring that the people, especially entrepreneurs, get the support of MEDAC so that their business operations can continue as normal under the Conditional Movement Control Order (CMCO),” he added.

– Bernama

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

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Malaysia is an awarded business country with one of the best business law (company act 2016), local or foreign businessmen can start their own business in Malaysia with an SDN BHD (Pvt. Ltd.) company. A legal company will help you to get many licenses, banking facility & even Government facilities, as legal SDN BHD companies in Malaysia, this COVID-19 stimulus package got RM 3000 as financial aid.

As Malaysian business management $ advisory firm, we Lim & Ani Associates, providing full company management services in Malaysia.

But foreigners must remember to do legal business in Malaysia they will need a proper company with their name, joint venture local partners with agreement, DBKL licenses, business licenses, bank account, taxation record & business permit. Foreign labor workers can not do business in Malaysia but category or professional visa holders can. Even company & business can be done in a group formation.

The requirements to register a company (according to business act 2016)

• Passport or IC copy of directors.
• A minimum of one (1) subscriber to the share(s) of the company.
• A minimum of one director who is at least 18 years of age and are residing in Malaysia. He/she is not bankrupt and has not been convicted and imprisoned for a period of the past 5 years, also under a full healthy mental condition.
• Lim & Ani Associates can provide you the local Malaysian nominee director or Joint Venture partner if required with a Joint venture agreement.
• Minimum one Company Secretary (Company Secretary must be professional & licensed). Lim & Ani Associates are one of the best professional & legal company secretary service provider in Malaysia.
• Must have a registered office in Malaysia, it is a normal practice in Malaysia to have the secretarial office as the registered office. We also provide this registered address for free & office service in Minimum cost.

Who can be director/shareholder

• Shareholders must be 18 years old at least & mentally fit (hiding vital info from your company secretary or advisor is illegal).
• Dependent pass holder can be company shareholder (not director).
• MM2H holder can be an investor shareholder (not director) of a company.
• Any local without banking blacklist or conviction can be director & shareholder.
• All shareholders must have one local Malaysian address
• Foreigners with a visitor tourist visa can also register a company to invest, but to avoid traveling costs to Malaysia every time either they can add nominee directors or get business visas, for what they must follow immigration & legal business policy.

Banking
Bank account is a must for an SDN BHD company for secure business transactions, accounting & taxation. Full foreign companies can also open a bank account in some special conditions under bank negara rules, some foreign banks do provide services, we can help to do so. To open a bank account a company should have an office setup & address including a landline.

Share capital

• Local Malaysians can always open Sdn. Bhd. company under authorized or share capital of (half-million or RM 500,000)
• According to the actual situation, foreigners must open RM 1 million sdn. bhd. company at least or else business & licenses will be complicated. Some sweet talker money craving people, to take your money can say half million is also ok, but we suggest to be wise & stick to the plan in a legal way for genuine business.

Benefit of local shareholder

• Managing business in foreign investors abscesses.
• Advantage of the opening bank account as a shareholder (s) is a foreigner.
• Easy for WRT, ESD & other licenses if a local person is a shareholder.

COMPANY INCORPORATION SERVICE
Lim & Ani Associates Sdn Bhd could help you to register your company in Malaysia, with a faster legal process & no hidden costs or many time costs. We offer the best company setup consultancy, accounting services consultancy & taxation planning advisory service packages in compact. We provide expert advice to inform you of all the things you need to know, about how to start a company in Malaysia. Based on Lim & Ani Associates long professional experiences on registering a company with SSM consultancy process, the entire incorporation process will take 2-3 days only. But according to our previous records, we are also able to register a company in Malaysia within 2 working days from that day, directors and shareholders sign the incorporation documents at our office. Take an APPOINTMENT to register your company in our office.

• Click here for company registration package fees detail with online payment facility.
  
• Click here for digital company & related services detail with online payment facility.
  

Few fruitful business ideas for 2020 coronavirus economy

1. Export-Import
2. Car wash (most of the people in Malaysia have a car)
3. IT or Online business (everyone is now interested in online shopping)
4. Departmental store or grocery.
5. Furniture shop.
6. Restaurant or F&B business
7. Tourism based business.
8. Electric item & AC servicing.

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, 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 +60108242527 (whatsapp available)

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

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