MALAYSIA BIZBLOG
Office: +60384081680 | Advisory: +60108242527 (whatsapp)
Homestays are one of the most popular and profitable businesses in Malaysia. Many travelers are interested in homestays rather than regular hotels due to the amazing benefits a homestay offers. A homestay business is when you rent out a room or space to others who are around the area and monetize it commercially. Homestay businesses don’t offer luxurious stays like hotels would, but rather a local experience showcasing the culture. The homestay market has been on the rise in recent years after the epidemic and travelers are looking towards a more localized and non-expensive experience rather than what a luxury hotel can provide. Homestay business allows you to earn an income with a budget investment. It doesn’t require much work either as you’ll only be renting a few spaces. When you’re hosting international guests from all over the world, it gives you a chance to get to know a vast amount of people. Being a host is a technical business. It requires a few significant skills such as marketing, finance, communications, and customer service. If you are planning to start a homestay business in Malaysia, you have to keep a few things in mind to follow! First of all, you will need a company in Malaysia to start your own homestay business, for business licenses, banking, and renting issues. We are assisting with a full homestay company registration and setup services, for better papers and legal business setup. We ensure your company is fully homestay business startup-ready. Kindly check this link for our company setup package details and fee: www.mbbusinessjoint.com/company-services.html 1. You need to know the space you’ll rent out to your guests. A condo flat or apartment flat, bungalows, living, drawing, dining, bedrooms, kitchens, and separate washrooms. You can rent out as much space as you can, but the services should be standard to draw more customer attention. 2. For homestay business in Malaysia, you will need to have your landlord’s permission to do so, if it’s not your residential property. You can just follow the hosting rules stated on your listing website such as Airbnb or Booking dot com. Also, need to consider Tourism Malaysia's rules and policies to be more legalized and safe. 3. You will require a few necessary amenities to run a fully equipped homestay. Some of the common basic amenities include toiletries, towels, pillows, bed linens, blankets, a freezer, a TV, and a Wi-Fi connection. Make sure your property is clean, tidy, and hygienic to get good reviews, some times Fewer amenities are covered with a good environment and hygiene. Also, you can add some kitchen items, if your customers feel free to keep them if they are having a long stay. 4. Make sure you have a proper system and in-house rules, because high noises or parties can make trouble for you in rented places from other flat owners or landlords. You can’t allow guests to throw a party or simply cause a huge mess in your homestay. Make sure your guests can check your in-house rules on your website, listing websites, or social network pages, and it's well documented. Make sure that your guests can communicate easily if there are any inquiries or need for assistance. If guests can communicate with you easily, they’ll feel more comfortable knowing they can simply reach you at any time needed. 5. Make sure you have a good marketing policy, without any proper marketing or promotion strategy, no one will know about your business! The best way to promote your homestay would be to make a marketing strategy with a proper market strategy and target customer analysis. You have to try listings such as Airbnb, Agoda, and Booking. Be sure to set up social media pages for your homestay business as well, so your customers can easily know about you, find you, and contact you. Try to give your client a better first impression with good marketing and post-stay experience with follow-ups, greetings, offers, vouchers, or small souvenirs. Be more humble with luggage carriers, and local guidance by showing better places to eat or shop, be available 24/7 for any emergency, etc. Few things you have to keep in line and ready before starting your homestay business: 1. Finding a good location to get rental properties where you can get better bookings and around attractive tourist locations. 2. A proper organizational setup with an SDN BHD company for renting and license issues and to open a business bank account so you can get online and card payments. 3. Need MOTAC registration and local council licenses which we arrange for our clients. We assist in applying and advisory. 4. Accounting is a crucial thing, we are also providing bookkeeping, accounting, audit, and taxation services. 5. Should have a proper marketing budget for online marketing. 6. Staff for cleaning and managing or hire cleaning companies for regular cleanings to make your services more tidy and attractive. 7. Add safety measures such as; medical kits, fire extinguishers, digital locks for extra security, and phone lines for effective connection (most of the internet lines in Malaysia come with a phone line). 8. Also can add up some local guide services, catering services, or transport services to get some extra profits, which papers and setup we can also assist. 7. Also make sure all rentals and utilities are paid on time so customers don't face any trouble, always save some funds for adding another flat to expand your business slowly.
Contact and email us for service price quotation Email: advisory@mbbusinessjoint.com WHY MALAYSIA IS SECURE BUSINESS HEAVEN NOW Malaysia is one of the strong economic powers 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, as a foreign direct investor 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 +601126664168 (whatsapp available) | +60108242527 (whatsapp available) Call, Email, or text us & make an appointment from the website to visit our office in Malaysia. LIM & ANI ASSOCIATES SDN BHD Call: +60108242527 Call: +601126664168 Call: +603-84081680 (office landline) Email: advisory@mbbusinessjoint.com www.mbbusinessjoint.com
0 Comments
One of the best step by step guides on company registration in Malaysia & how to setup a business in Malaysia with all frequently asked questions & information. 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 a 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 & their 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 a 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 companies for foreign investors (for licenses, commencements & immigration issues). Kindly note that for CIDB licenses, WRT licenses, MSC status, or ESD the paid-up capitals should be: - 100% local companies RM 250,000 - Joint Venture companies with local directors of RM 350,000 - Full foreign companies RM 500,000 Are 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. As per the client's budget and requirements, we have 3 different packages for our clients:
How long takes us to register Sdn Bhd? Normally within 3-4 days, company registration is done through SSM. Can I start a business right after the company registration on a visit visa? Yes, you can set up a company with a visit visa, even 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 & online 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 a business. As per the client's budget and requirements, we have 3 different packages for our clients (company registration, all business license application documents, applications, banking, legal papers, authentication, stamping, audit and taxation file opening, ESD applications, business setup advisor, statutory documents, etc)
Usual annual company secretary services fee? We are offering a standard market rate of RM 70 per month, so (RM 70x12 months) is only Rm 840 annually. Business advisory fee? Lim & Ani Associates Sdn Bhd provides comprehensive business advisory services in Malaysia, including investment planning, business setup and strategy advisory, market research, financial planning, accounting and audit advisory, taxation advisory, marketing plan advisory, advertisement advisory, and ESD or director visa application full process advisory. Our Total Malaysia business advisory package is available annually for RM 12,000 only. But we are offering one month free for our company registration clients if they purchase our advisory package. Do other licenses need to start a business? Signboard, premise, CIDB, EPF, Export, Import, Halal, and WRT as per nature of business. Bank account? We prepare papers for you & assist to open a bank account for you which is already included in our package (with a local signatory or full foreign signatory). How I will buy a shelf/readymade 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 as per company value. Do I need a nominee director in Malaysia? Not mandatory technically, but as per the rules & policy, it is required to have a local director for licenses and the immigration process. But if you want to open a full foreign LLC we can still assist you, we just suggest for 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 tax-free company in Malaysia? Yes, there are Labuan companies, or Labuan island companies which are also known as offshore companies. Labuan companies are usually tax-free, but only trading companies will be subject to a 3% tax rate. But these companies are only operatable in the Labuan islands only and will cost a flat rate of USD 5000 for 1st year and USD 1200 for maintenance from 2nd year onwards. 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. They can also register online, we are providing both services. 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, OCBC, 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, as a foreign direct investor 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 +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: +603-84081680 (office landline) Email: advisory@mbbusinessjoint.com www.mbbusinessjoint.com
Starting a business is always an exciting venture, but it can also be daunting and time-consuming for a faster startup requirement. That's why many entrepreneurs in Malaysia are turning to ready companies, and old companies as the fastest way to start a business.
Requirements:
The following services are included with the purchase of a shelf company:
Malaysia is one of the strongest economic powers in Asia & the world - having survived very well during the global recession of 2009 - making it an attractive location for investors worldwide. With its multinational population comes market demand while government aid makes investing more secure than in other countries. Banking aid is available too which makes investing even more secure. Investors from all over the world come to Malaysia with their families because they feel safe due to its respectful nature which is hard to find elsewhere in many other countries worldwide. At Lim & Ani Associates Sdn Bhd, we offer many business varieties in various investment budgets for foreign investors to make profitable business investments as per their budget. Everyone gets a fair chance to make genuine investments & business survival in Malaysia, to grow together with Malaysia. We can assist you to buy ready companies with updated details and background checks. Our advisory lines: +60172041317 (whatsapp available) | +60108242527 (whatsapp available) Investing in Malaysia is an excellent opportunity for foreign direct investment for a better future and family. Contact us today via phone or email or by visiting our website and take advantage of our advisory services. We are here to help guide you through the process of starting your own successful Malaysian business venture. 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: +60172041317 (whatsapp available) Call: +60108242527 (whatsapp available) Call: +603-84081680 (office landline) Email: advisory@mbbusinessjoint.com www.mbbusinessjoint.com
If you're a foreign businessman or company looking to expand your business in Malaysia, it's important to understand the available options for foreign company registration. In this guide, we'll take a look at the different types of company registration options available and their requirements.
Foreign Company Registration Options in Malaysia As a foreign investor, you can obtain ownership of a company by setting up one of the following registration options: 1. Branch Office A branch office is an extension of the foreign parent company and is not considered a separate legal entity. The parent company is liable and responsible for all debts and operations of the branch in Malaysia. A branch office is suitable for short-term expansion plans and must have at least one Malaysian resident nominee director or agent.
2. Representative Office A representative office doesn't have independent legal standing in Malaysia, making its parent company responsible for all debts and liabilities.
3. Private Limited Company (SDN BHD) This type of entity is common among foreign investors as foreigners can own up to 100% of their companies. However, some industries require 50% to 60% Malaysian ownership, including agriculture, banking, education, oil, and gas. A private limited company or SDN BHD is a separate legal entity from its owners.
Post-registration Requirements and Compliance Once you've successfully registered your company in Malaysia, you must fulfill post-registration requirements such as opening a corporate bank account, obtaining business licenses & permits (export-import licenses, CIDB, DBKL, Food licenses), registering as a taxpayer with the provident fund, appointing auditors and applying for WRT and ESD. Why Choose Lim & Ani Associates Sdn Bhd At Lim & Ani Associates Sdn Bhd we provide one of the best business & company setup consultancy services in Malaysia. Our team includes experienced & licensed company secretaries, professional accountants, auditors, tax & SST experts, and business advisors – offering a one-stop business solution in Malaysia. In conclusion, understanding foreign company registration options is crucial when expanding your business in Malaysia. Choosing the right registration option can help you avoid unnecessary complications while ensuring compliance with legal obligations. With our comprehensive guide to foreign company registration in Malaysia and our consultancy services at Lim & Ani Associates Sdn Bhd – you're sure to have all the support needed to make your expansion plans successful. 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: +603-84081680 (office landline) Email: advisory@mbbusinessjoint.com www.mbbusinessjoint.com
The restaurant business is never too easy to run but in Malaysia, where eating out is a part of the national culture, is heaven for restaurant business investment for any national & international businessman.
More than 2000 restaurants got closed in the Malaysian lockdown period within 2 years. Where now total vacant place in the restaurant business industry is more than 5000 shops. This is the best time to use this opportunity to start your franchise restaurant to ensure profit and steadiness. Malaysia's food service market size was USD 15.2 billion in 2021, so you can be a part of this industry too. We have a Malaysian traditional coffee shop (Halal Chinese coffee shops) franchise option for our clients, which is an easy-maintaining breakfast, lunch, and dinner hit with few traditional items without any hassle or issues, the main hassle for a restaurant business is finding the best chefs, design, and branding, which we clear you for best profit assurance. Today we will explore the new opportunity that showed up in the restaurant business industry after covid-19 lockdowns. We will check on both digital app-based & dine in based restaurant opportunities. Planing The best thing to do before opening a restaurant is to have a clear plan that maps out all of the essential components of your business. The F&B industry is not only profitable but is also extremely competitive, and entering the scene without a concrete plan is a mistake. You need to be prepared by having a clear plan and includes the most important areas, such as:
Financing No business can open, let alone operate, without money. Having funding planning is a must to get your restaurant started. When opening a restaurant in Malaysia, this is what you need to know from a financial point: 1. The cost of opening and operating your food business. 2. What the costs include—this requires breaking down exactly what you need money for, including rent, staff, equipment, etc. 3. Fund rolling. Company and licenses Registering a business in Malaysia requires many steps before you can open a restaurant. To make it easier, we’ve summarised the main ones here:
Location Location is one of the most important role players in restaurant business profit. That’s because having the ideal location is key when opening a restaurant in Malaysia. Whether you have a dine-in eatery or offer delivery-only. These are the factors to consider when deciding where you’re going to set up shop: 1. Which area offers the most business potential? 2. Who is your target audience? 3. How many competitors already do business in that area? Hire staff & chef A company is only as good as its employees. That’s why choosing the right team is so important. Not to mention, that staffing accounts for a major part of your operational costs. Here are some of the main points to ask yourself when tackling this vital step: 1. How many employees do you need to run your restaurant? 2. What positions are the most critical to the restaurant’s success? 3. How will you train the staff and what does the training process entail? Where provide full support to our clients to find a chef and other workers in Malaysia locally or to recruit from other places. Marketing Competition in the restaurant business is as high as in any other business. This makes marketing all the more important if you want to gain more profit and branding! To establish your presence and stay ahead, make sure you’re leveraging the following marketing techniques:
Our restaurant franchise is the best option in that case of branding and marketing value, with our expert marketing team. Food delivery-based restaurants & coffeeshops The food industry business financials increased between 16 and 70 percent and consumers expressed their interest to continue shopping online in this new post covid-19 times. The statistics say right now in Malaysia;
A budget of approximately RM 150,000 is enough to start an online supply-based catering/food delivery business. We are providing a full set of company registration, business setup, investment planning, online marketing, technological arrangement, business licenses, market research, business management & accounting services for you. Also, we are offering business strategies-based risk management services such as; Hygienic practices Malaysia is mostly vaccinated right now & government SOPs are so strong. If you maintain a clean kitchen following all vaccination & health SOPs, you can gain more consumer trust. We are offering a full company, licenses, documents, management & risk factors planning services in Malaysia Local "Near Me" Searches Nowadays google & other search engines "Near Me" option that is very effective, most users & drivers are using this option. A good optimization can bring you more business. Where we can help you to make a good "Near Me" visibilities. Food Delivery System Delivery is the life source of the online food business industry, if you are not using any third-party app or delivery system, it's a must for you to maintain a good food delivery system. Which can help you to gain more profit & faster delivery can bring more value with trust. You can hire your rides or rider companies to work for you, and our advisors can help you to choose the better option as per your investment, market & needs. Dine -in based restaurants & coffeeshops As per thestar.com.my report, more than 2000 restaurants & coffee shops have closed down. It's a good time to fill in the blank market & use the investment profitably, as restaurants will always prevail until we are alive to eat. A budget of RM 150,00 to RM 200,000 is enough to start a restaurant business in Malaysia at this moment. We are offering a full restaurant franchise setup including above all RM 200,000 only. To start a business or buy a business in Malaysia you will need business licenses, specially if you are a foreigner, it's a must to have a Pvt. Ltd. or SDN BHD company. We are processing company registration, bank account, business licenses, accounts & taxes for you as experienced accountants, tax advisors, SST advisors & business investment advisors.
Our advisory lines
+60172041317 (whatsapp available) | +60108242527 (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, and business advisors - a one-stop business solution in Malaysia. As one of the best leading corporate advisors, we are offering the services below as per the 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: +60172041317 Call: +60108242527 Call: +603-84081680 (office landline) Email: advisory@mbbusinessjoint.com www.mbbusinessjoint.com
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
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: +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! 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. 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 a 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 & their 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 a 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 companies for foreign investors (for licenses, commencements & immigration issues). Kindly note that for CIDB licenses, WRT licenses, MSC status, or ESD the paid-up capitals should be: - 100% local companies RM 250,000 - Joint Venture companies with local directors of RM 350,000 - Full foreign companies RM 500,000 Are 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. As per the client's budget and requirements, we have 3 different packages for our clients:
How long takes us to register Sdn Bhd? Normally within 3-4 days, company registration is done through SSM. Can I start a business right after the company registration on a visit visa? Yes, you can set up a company with a visit visa, even 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 Malaysiaonline with our digital company setup consultancy services package. In our regular full package price. We are also ensuring legal process security, agreement & online 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 a business. As per the client's budget and requirements, we have 3 different packages for our clients (company registration, all business license application documents, applications, banking, legal papers, authentication, stamping, audit and taxation file opening, ESD applications, business setup advisor, statutory documents, etc)
Usual annual company secretary services fee? We are offering a standard market rate of RM 70 per month, so (RM 70x12 months) is only Rm 840 annually. Business advisory fee? Lim & Ani Associates Sdn Bhd provides comprehensive business advisory services in Malaysia, including investment planning, business setup and strategy advisory, market research, financial planning, accounting and audit advisory, taxation advisory, marketing plan advisory, advertisement advisory, and ESD or director visa application full process advisory. Our Total Malaysia business advisory package is available annually for RM 12,000 only. But we are offering one month free for our company registration clients if they purchase our advisory package. Do other licenses need to start a business? Signboard, premise, CIDB, EPF, Export, Import, Halal, and WRT as per nature of business. Bank account? We prepare papers for you & assist to open a bank account for you which is already included in our package (with a local signatory or full foreign signatory). How I will buy a shelf/readymade 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 as per company value. Do I need a nominee director in Malaysia? Not mandatory technically, but as per the rules & policy, it is required to have a local director for licenses and the immigration process. But if you want to open a full foreign LLC we can still assist you, we just suggest for 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 tax-free company in Malaysia? Yes, there are Labuan companies, or Labuan island companies which are also known as offshore companies. Labuan companies are usually tax-free, but only trading companies will be subject to a 3% tax rate. But these companies are only operatable in the Labuan islands only and will cost a flat rate of USD 5000 for 1st year and USD 1200 for maintenance from 2nd year onwards. 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. They can also register online, we are providing both services. 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, OCBC, 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, as a foreign direct investor 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 +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: +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 |
Author
© Lim & Ani Associates Archives
September 2023
Categories
All
|