MALAYSIA BIZBLOG
|
Office: +60358856648 | Advisory: +601126664168
|
Malaysian furniture market is vast & Malaysia ranked as one of the top 10 largest exporters of furniture in the world, Malaysia exports around 80% of its production. The demand is still high even in the domestic market, there are about 2,400 furniture firms, yet it's not enough to fulfill the home & global market. The furniture business is one of the best and secured sectors to invest in Malaysia. You should start a profitable furniture business in Malaysia if you are a new investor or looking for secure investment profit.
Even after global COVID affected economic downturns, the furniture industry is still blessed with strong global demand. The government also plays an important role in supporting the industry. Providing PS (Pioneer Status) for tax exemption and Investment Tax Allowance, the pro-business environment makes doing furniture business more reliable. Approved Investments in the Malaysian furniture sector are around RM 719.2 million (Foreign Investment RM353.7 million & Domestic Investment RM365.5 million). To start a furniture firm/factory/showroom/export house you will require a company in Malaysia, with bank accounts & related business licenses. As a corporate business management and consultancy firm, Lim & Ani Associates Sdn Bhd gives you full business and company setup services consultancy, bank account opening advisory with related banks, related licenses application process advisory & online/offline marketing advisory. You can start a furniture business in 3 ways;
As a business management service provider, we can make all these available for you. Even we have enough local Malaysian furniture factory listing who want investment & ready to go into a joint venture with other companies. To learn & understand the business you can do a joint venture with them under your own company. We ensure, finding secure & reliable local furniture factories, joint venture arrangements, joint venture agreement advisory, joint venture compliance consultancy, business management services, financial services resourcing with our vast accountant's network. As industrial level investment requires a lot of investment, we can assist you to start with a small amount of investment budget.
The profit margin for the furniture business is quite good, varies from 35% to 40% depending on the item, quality, demand & business management utilization, where we are offering an A-Z management and consulting service. Email us for more details: [email protected] 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 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. Why Lim & Ani Associates Sdn Bhd We are providing one of the best business & company setup consultancy services in Malaysia, with experienced & licensed company secretaries, professional accountants, auditors, tax & SST experts, business advisors - a one-stop business solution in Malaysia. As one of the best leading corporate advisors, we are offering services below as per business act 2016 & Malaysian Government policy;
Call, Email or text us & take an appointment from the website to visit our office in Malaysia. LIM & ANI ASSOCIATES SDN BHD Call: +60108242527 (whatsap & viber) Call: +601121189303 Call: +603-84081680 (office landline) Email: [email protected] www.mbbusinessjoint.com
0 Comments
Most of the time, new investors & businessmen look for safe or running business options to acquire or buy in Malaysia, as legal corporate business management service providers, we assist clients to set up their own company, bank account, find secure and reliable profit margin holding business, check background, do legal agreement, purchase, settle accounts, after purchase services & workers management.
The meaning of acquiring a business; acquiring a running business means buying a running business under your own company including the capital, assets, staff, stocks, orders, clients & running it with a safe side. Facebook acquired Instagram in 2012, paying $1 billion, now Instagram's worth is more than $110 billion, which is a successful example of a safe & secure deal. Where acquiring sound profitable, to make a successful & profitable it requires;
Acquiring business or asset pros & cons; Asset Purchase Pros
Steps of acquisition & how are we helping you;
We ensure the best services, as we are serving for a long time already, we have a vast network of associates, partners and businesses to ensure the best deals for your investment security. We plan the acquisition for you as per your budget and arrange a local joint venture or investment for you. We are offering you the best services with quality & premium facilities at a convenient price. 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 advisory, business licenses consultancy & business investment advisors. Our company registration consultancy package includes:
Email us for services price quotation with discount facility for the covid-19 situation! Email: [email protected] 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 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 +60108242527 (whatsapp available) | +601121189303 (whatsapp available) "World's finest Business investment in Malaysia with Lim & Ani Associates Sdn. Bhd." 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: [email protected] www.mbbusinessjoint.com 
Malaysia is one of the best places to invest in this global economy this 2022, awarded as the best investment country in the world for 2019 & 2020 by CEOworld report. Today we will check the best profitable businesses in Malaysia 2022. The country is open for small, middle & big ventures with a good return. The steady and business-friendly economy of Malaysia has attracted many foreign and local investors. Many people who want to start a business in Malaysia are confused about – what type of business they should start to survive in this COVID-19 global economy? To help them decide, this article is going to describe some of the best profitable business ideas in Malaysia for the year 2022, we can also help you to find a business for sale in Malaysia or take over a running business. Specially for the covid-19 economy, the government is moving towards a more business-friendly economy by setting up a special package to facilitate business called PEMUDAH.
1. Export-Import Most of the FDI is coming in the Export & Import section. From garments to vegetables everything is being exported & imported from all around the world. For medical supplies & food supplies, trading is a very profitable option. With a good office setup, enough capital, storage & licenses you can also start this business for a better investment in Malaysia. We can help you with setup, papers, licenses, ERC & IRC, customs & other all. We also encourage new entrepreneurs to come into this business for a better ROI. 2. Car wash & Automobile Malaysia’s automotive industry is very successful. In addition, the country is the 22nd largest automotive manufacturer in the world. In Malaysia, most of the people use their private car that's why car wash & auto service workshops have a good profit scope. Vehicles registrations in Malaysia reach 31.2 million units as of 2019. You can do branded car wash franchise as we provide advisory for franchises & to do smart profitable invest with our proven successful client histories. As a Malaysian franchise provider, we can help our clients to get franchise car wash stores & do the full setup. 3. IT Business For the last few years, Malaysia Govt. giving a very good chance for IT Engineers, as Prime Minister Tun Dr. Mahathir bin Mohamad started MDEC in 1996 & Cyberjaya facility boosted it most. We are also encouraging for investment in Hardware, Software & CRM sectors. We are providing an A to Z facility for our clients to start IT business including Taxation & other facilities. 4. Departmental store Departmental stores or Kedai Runchit, Pasar Mini, etc are very popular & stable investments in Malaysia. Can start in Minimum investment with small size. But for better profit also can do Franchise Departmental Store, such as 7 eleven, MY 168 MART, etc. But according to DBKL rules 2020, a local director in the company is a must to open a store in Malaysia & get business licenses. We also have running business for sell in Malaysia to buy & invest with legal papers & security. 5. Construction or real estate business As a multi-cultured, populated country, the real estate business is a very profitable business to invest in. In Malaysia, there are lots of land to develop & lots of clients to pay for construction projects. In Malaysia, the construction or real estate business generated RM 16,656 Million of the GDP in the first quarter of 2019. As we have well experiences in the Malaysian real estate business sector, we are successfully processing construction company setup for clients. 6. Small restaurant & food supply In this present economic situation, we will strongly suggest small size multi cousin restaurant or an online food supply business. We know that Malaysia is a tourist country. Restaurant is one of the best businesses in Malaysia if you can start smartly with money. A local Malaysian director is a must for restaurant business licenses. 7. Laundry Now a days in Malaysia auto Laundry business is a successful business. You may setup the business near a residence area with working & student class residences. 8. Tourism United Nations World Tourism Organisation (UNWTO) listed Malaysia as the 10th most visited country in 2012. Malaysia is a tourism dominated economical country, this leaves tremendous benefits to make by investors in the nation’s tourism division. A good budget can open a tourism business, can build, air-ticketing, medical tourism, hotel, guest house, homestay, inbound tour guide center with car rental, etc. 9. Garment/clothing/fashion The people of Malaysia are very fashion sensed. A retail fashion clothing store in a commercial location can bring good profits. Specially if you have a production line or garments factory you can make more profit. Setting a clothing brand in Malaysia is quite easy, we are helping with the full business setup process. 10. Cleaning Because of the present situation & health safety, cleaning & disinfection services are very profitable & on-demand. 11. Online supply & wholesale business At this present corona situation & market, online business is new normal, trading & shopping are mostly being done in online markets, apps & websites. The supply chain also got online, we are also helping clients & investors to cope up with the new normal. Which is less hectic, budget-friendly & easy to operate. Our experienced advisors are always here to guide & transform. 12. Oil & Gas business Oil and gas are the promising industry of the country. Malaysia is an exporter of petroleum products and natural gas. So it's easy to start a business in this industry. There are several business opportunities for small and medium business. 13. Mobile & accessories Mobile & accessories business has high potential in Malaysia. Usually, Malaysian's are more into new models & trending accessories. The mobile phone accessory industry is growing fast in these parts. 14. Car rental business The car rental business is a very popular business in Malaysia. Starting a car rental business here can be a profitable investment. We are providing car purchase & full business setup facility. 15. Airbnb business Malaysia is a tourist county & tourists nowadays are more and more preferring Airbnb for short & long stay accommodation. If you have a property rental or leased property near a tourist destination, can rent it on Airbnb for an easy & profitable business. Few more small business ideas in Malaysia
Few businesses which foreigners are not allowed to do
To start a business or buy a business in Malaysia you will need business licenses, specially if you are a foreigner, it's a must to have a Pvt. Ltd. or SDN BHD company. We are processing company registration 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: [email protected] WHY MALAYSIA IS SECURE BUSINESS HEAVEN NOW Malaysia is one of the strong economic power in Asia & the world, even survived very well in the global resection of 2009. With a multinational population, there is always market demand, most importantly Malaysia is among those countries that have a very powerful online market with an active customer base & because of government aids, banking aid investing is more secure in Malaysia. This is why, investors from all over the world come to Malaysia with family & kids because of security, respect & loving nature which are the best gift of daily Malaysian life, which is hard to find in many other countries in the world. Invest in Malaysia this 2020, as a foreign direct investment for a better future & family. We are offering many business varieties in various investment budget for foreign investors to make a profitable business investment as per their budget, so everyone gets a fair chance to make genuine investment & business survival in Malaysia, to grow together with Malaysia. Our advisory lines +60108242527 (whatsapp available) | +601121189303 (whatsapp available) 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: [email protected] www.mbbusinessjoint.com 
The restaurant business is never too easy to run but in Malaysia, where eating out is a part of the national culture, is heaven for restaurant business investment for any national & international businessmen.
But you might think covid-19 changed the whole scenario in Malaysia, it's true last March 2020 Malaysia went into first partial lockdown with other countries in the world, which made restaurant business a little bit difficult – but aid from the government, rental relief from landlords made it a little bit easier, the actual success player was food ordering apps. They changed the whole industry & still the market is surviving. Today we will explore the new opportunity that showed up in the restaurant business industry after covid-19 lockdowns. We will check on both digital app-based & dine in based restaurants opportunities. Food delivery based digital restaurants & coffeeshops Where many restaurants owners closed down, others saw opportunities into the crisis, new entrepreneurs entering the F&B market made success with their tech understanding & guides from expert business advisors like us, who helped to reshape their strategy & use the market gap created over the last few months.
The statistics say right now in Malaysia;
A budget of US$25000 or approximately RM 100,000 is enough to start an online catering/food delivery business. We are providing a full set of company registration, business setup, investment planning, online marketing, technological arrangement, business licenses, market research, business management & accounting services for you. Also, we are offering business strategies based risk management services such as; Hygienic practices Malaysia is mostly vaccinated right now & government SOP's are so strong. If you maintain a clean kitchen following all vaccination & health SOP's, you can gain more consumer trust. We are offering a full company, licenses, documents, management & risk factors planning services in Malaysia Local "Near Me" Searches Nowadays google & other search engine's "Near Me" option is very effective, mostly users & drivers are using this option. A good optimization can bring you more business. Where we can help you to make a good "Near Me" visibilities. Search Engine Optimization A good SEO can bring you more digital marketing benefits & visibilities where we have certified SEO experts to boost your business much better. Influencer Marketing Nowadays people are more into real-life influencers, a popular face can add more value to your business which we can arrange & manage for you in any city or area base market in Malaysia. Branding Good branding is the backbone of marketing for any business, as experienced marketing experts in Malaysia, we can help you to build a strong & trustworthy brand value. In the restaurant business, a video branding of your food & food reviews is the best option, we have a specialized skill set in this sector. Food Delivery System Delivery is the life source of the online food business industry, if you are not using any third-party app or delivery system, it's a must for you to maintain a good food delivery system. Which can help you to gain more profit & faster delivery can bring more value with trust. You can hire your rides or riders companies to work for you, where our advisors can help you to choose the better option as per your investment, market & needs. Dine -in based restaurants & coffeeshops Now if we go for the dining in restaurant business model, until even last week it was only a take-out system. Even many restaurants lost hope & closed down, which created a huge market opportunity. After mass vaccination & lockdown pause, restaurants can operate again with take-outs & small-scale dine-in restaurants. After the covid-19 pandemic, the environment in the restaurants has changed to masked waiters and waitresses, tables are six feet apart with optional sneeze guards at the counters. Eventually, things are becoming normal, and restaurants have started reopening, restaurants need to focus on keeping things contactless, germ-free, certified & authority checked. As per thestar.com.my report, more than 2000 restaurants & coffee shops have closed down. It's a good time to fill in the blank market & use the investment profitably, as restaurants will always prevail until we are alive to eat. A budget of US$25000 to US$40,000 or RM 100,00 to RM 160,000 is enough to start a restaurant business in Malaysia at this moment.
To start a business or buy a business in Malaysia you will need business licenses, specially if you are a foreigner, it's a must to have a Pvt. Ltd. or SDN BHD company. We are processing company registration, bank account, business licenses, accounts & taxes for you as experienced accountants, tax advisors, SST advisors & business investment advisors.
Click to know about company registration in Malaysia Our advisory lines +60108242527 (whatsapp available) | +601121189303 (whatsapp available) Why Lim & Ani Associates Sdn Bhd We are providing one of the best business setup & company registration services in Malaysia, with experienced & licensed company secretaries, professional accountants, auditors, tax & SST experts, business advisors - a one-stop business solution in Malaysia. As one of the best leading corporate advisors, we are offering services below as per business act 2016 & Malaysian Government policy;
Call, Email or text us & take an appointment from the website to visit our office in Malaysia. LIM & ANI ASSOCIATES SDN BHD Call: +60108242527 (whatsap & viber) Call: +601121189303 Call: +603-84081680 (office landline) Email: [email protected] www.mbbusinessjoint.com 
According to a Standard Chartered Group study, MALAYSIA is ranked the “second most favorable country” for foreign investment in South-East Asia by European and US companies to establish or expand their sourcing, selling or operations over the next six to twelve months. Malaysia continues to be the famous investment destination for the manufacturing and global service sectors in Asia. Malaysia remains an attractive investment destination with favorable government business aids & an economical environment including the availability of excellent infrastructure, telecommunication services, financial and banking services, as well market opportunities offered through the 16 Free Trade Agreements (FTA).
"Despite the pandemic and a shifting political landscape, Bank Negara Malaysia (BNM) data showed direct investment of RM689.1 billion in the third quarter of 2020." According to MIDA it has identified 240 high-profile foreign investment projects including Fortune 500 companies in the manufacturing and services sectors, with a combined potential investment value of RM81.9bil. “Presently, Mida has also received RM47.7bil worth of potential investments into the country. These projects, once approved, are expected to be implemented within 2021 to 2022, ”. MIDA has also received RM47.7bil worth of potential investments into the country. These projects are expected to be implemented within 2022. Despite the pandemic and a shifting political landscape, Bank Negara Malaysia (BNM) data showed direct investment of RM689.1 billion in the third quarter of 2020. After the Covid-19 effect Malaysian government is preparing now for the recovery of the economy, with a range of incentives and long-term recovery initiatives in place to build on effective pandemic relief measures. The Malaysian government has also allocated RM1 billion as a special incentive package for high value-added technology, supporting R&D investment in aerospace and electronics clusters in industrial parks. This article is going to describe some of the best profitable business ideas in Malaysia for the year 2021, we can also help you to find a business for sale in Malaysia or take over a running business. 1. Export-Import 2. Car wash & Automobile 3. IT Business 4. Departmental store 5. Construction or real estate business 6. Small restaurant & food supply 7. Laundry 8. Tourism 9. Cleaning 10. Online supply & wholesale business We have both running business overtake & new business setup services for our investors as per their customized needs, as per budgets & need. To start a business or buy a business in Malaysia you will need business licenses, specially if you are a foreigner, it's a must to have a Pvt. Ltd. or SDN BHD company. We are providing company registration consultancy package, bank account opening advisory, business licenses consultancy, accounts & taxes consultancy for you with our experienced partner/associates accountants, tax advisors, SST advisors & business investment advisors. Click to know about company registration in Malaysia Our advisory lines +60108242527 (whatsapp available) | +601121189303 (whatsapp available) Why Lim & Ani Associates Sdn Bhd We are providing one of the best business setup & company registration consultancy services in Malaysia, with experienced & licensed company secretaries, professional accountants network, auditors, tax & SST experts, business advisors - a one-stop business solution in Malaysia. As one of the best leading corporate advisors, we are offering services below as per business act 2016 & Malaysian Government policy;
Call, Email or text us & take an appointment from the website to visit our office in Malaysia. LIM & ANI ASSOCIATES SDN BHD Call: +60108242527 (whatsap & viber) Call: +601121189303 Call: +603-84081680 (office landline) Email: [email protected] www.mbbusinessjoint.com 
In this covid-19 economy catering business is a very good option to invest. Businessmen who want to open a company in Malaysia in the food-service sector as a catering business should also know that the highest development is going on the catering and food business industry. There was observed a high demand for catering businesses that had as a primary business activity home deliveries, specially with the development of online food apps like Food-panda. Grab-food, etc.
The catering sector is expected to boom more in the following years because the Malaysian citizens have limited access to the restaurants as before, also have less free time to dine out. You should know that profitable business prospects are available for both chained food-service, but also for independent companies; our specialist advisors in Malaysia can provide fruitful information on how to start a business in this sector and can also help to manage the food regulations and licenses that must be maintained by all food businesses in Malaysia. "The Food Processing sector accounted for about 10% of Malaysia’s manufacturing output, growing at a rate of 3% annually. The food & beverages segment is projected to reach US$103m in 2021. An industry, with unlimited opportunity!" To open a catering business in Malaysia you should know & follow the regulations concerning food safety. All food business operator is required to respect the applicable legislation; the most important regulations are presented below:
To start a catering business in Malaysia, the company has to make sure that the premises in which the food products are stored, handled, processed, and sold should respect the applicable legislation. The definition of a food premise is defined under the (Food Hygiene Regulations 2009). The company will have to make sure that the food premises respects a set of criteria. As stated by the applicable legislation, the important requirements are:
If the catering business registered in Malaysia wants to import food products in this country, it is necessary to know that imports have to be approved by the country’s Health Ministry, the Veterinary Department, and the Fishery Department, which are in charge of providing the necessary certificates on the matter. You are invited to contact us for company registration in Malaysia for further information on the business licenses that are necessary for any food business, we are offering a perfect investment and business package for a better future & family. To start a business or buy a business in Malaysia you will need business licenses, specially if you are a foreigner, it's a must to have a Pvt. Ltd. or SDN BHD company. We are processing company registration, bank account, business licenses, accounts & taxes for you as experienced accountants, tax advisors, SST advisors & business investment advisors. Our advisory lines +60108242527 (whatsapp available) | +601121189303 (whatsapp available) Why Lim & Ani Associates Sdn Bhd We are providing one of the best business setup & company registration services in Malaysia, with experienced & licensed company secretaries, professional accountants, auditors, tax & SST experts, business advisors - a one-stop business solution in Malaysia. As one of the best leading corporate advisors, we are offering services below as per business act 2016 & Malaysian Government policy;
Call, Email or text us & take an appointment from the website to visit our office in Malaysia. LIM & ANI ASSOCIATES SDN BHD Call: +60108242527 (whatsap & viber) Call: +601121189303 Call: +603-84081680 (office landline) Email: [email protected] www.mbbusinessjoint.com Start export import business in Malaysia 2020 - Export import company registration in Malaysia7/18/2020 
To start an export-import business in Malaysia, to import or export goods in Malaysia all traders first need to do export-import company registration in Malaysia (as per the Company Act 2016) with a legal company secretary service provider, Lim & Ani Associates, providing company setup advisory, accounting services consultancy, taxation planning advisory, business advisory service, export-import licenses process consultancy, 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 a formal office setup, and 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 that have not originated (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 in seven bilateral free trade agreements (FTAs) and six regional FTAs. Malaysia has signed bilateral FTAs with:
Conditions & procedures for 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 prohibited from exportation:
As a main sector of business Malaysia govt's industry development authority welcomes Traders from home & abroad to invest in Malaysian international trading with a defined business law & flexible policy. The investor-friendly world-class infrastructure gives a boost to investor's business & profit, and land & sea communication is 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 setup consultancy services in Malaysia, with experienced & licensed company secretaries, professional accountants, auditors, tax & SST experts, and expert business advisors in Malaysia. As one of the best leading corporate advisors, we make sure that your company registration, investment, and 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 with business management +601126664168 (advisory number) Call, Email, or text us & make an appointment from the website to visit our office in Malaysia. LIM & ANI ASSOCIATES SDN BHD Call: +601126664168 Call: +60108242527 Call: +603-58856648 (office landline) Email: [email protected] 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: [email protected] www.mbbusinessjoint.com 
The construction and real estate development sector in Malaysia plays a crucial role in driving economic growth by generating significant revenue. With numerous mega infrastructure projects and ongoing development, the construction industry is becoming increasingly profitable. This sector includes residential construction, non-residential construction, civil engineering, and large-scale government-approved projects. Malaysia’s government actively encourages legal investments through favorable Foreign Direct Investment (FDI) policies, as well as business-friendly tax policies.
To start a construction business in Malaysia, you must establish a construction company. The process involves several important steps, including company registration, opening a business bank account, and obtaining specific construction licenses. Key Steps to Start a Construction Business in Malaysia:
The Construction Industry Development Board (CIDB) is a mandatory requirement for all companies operating in Malaysia's construction sector. Since 20 July 1995, all local and foreign contractors must register with CIDB under Section 25 of Act 520 (Amendment 2011) before beginning any construction work in the country. Contractors who fail to comply may face fines and other legal consequences unless they are granted an exemption under Section 40(1) of the Construction Industry Development Board of Malaysia Act 1994 (Act 520). The CIDB license is renewable, with options ranging from one to three years. The application process includes paying a fee based on the CIDB grade, which defines the scale of construction work a company can undertake—whether full project management, development, or subcontracting work. Types of Construction Services Permitted with a CIDB License:
CIDB GradesThere are seven CIDB grades (G1 to G7), with G5 and G7 being the most commonly used. Contractors must report any project exceeding RM 500,000 to CIDB and pay levies accordingly. Failure to report can lead to fines and legal action. CIDB License Application RequirementsTo obtain a CIDB license, companies need to meet the following requirements:
Our CIDB Application Services: We assist clients with the CIDB application process by preparing necessary documents, including CTC and paid-up capital documentation. We also help recruit local engineers and provide legal business advisory based on the latest regulatory requirements. Additional Licenses and Compliance In addition to the CIDB license, companies may require additional licenses like the Bumiputera Status Certificate to bid on government projects. As the construction industry is labor-intensive, we also guide investors on compliance with the Malaysian Employment Act 1955, ensuring smooth operations in hiring and managing workers. 
We are providing full company setup, business license process, business setup, business bank account opening, accounting, audit, taxation, ESD (expatriate service division) license process, and business visa application advisory. Our company registration consultancy package includes:
Contact & Email us for services price quotation at [email protected] WHY MALAYSIA IS SECURE BUSINESS HEAVEN NOW Malaysia has emerged as a secure business haven for numerous reasons. Firstly, its robust and resilient economy has withstood the test of time, even during the global recession of 2009. This economic stability provides a solid foundation for businesses to thrive. Another advantage of Malaysia is its multicultural and multinational population, which creates a diverse market with constant demand. Moreover, Malaysia boasts a thriving online market with an active customer base, making it an ideal environment for businesses operating in the digital realm. Additionally, the Malaysian government's unwavering support and assistance contribute to the security of investing in the country. The government offers incentives and aid to businesses, while the banking sector provides reliable financial support for investment endeavors, ensuring a secure environment for investors. Malaysia is also renowned for its emphasis on security, respect, and the warm nature evident in daily life. This welcoming and safe atmosphere attracts investors and their families, making Malaysia an appealing location for both business and personal reasons. Furthermore, Malaysia offers a wide range of business opportunities across various investment budgets, ensuring that foreign investors can find genuine and profitable investments that align with their financial capabilities. The goal is to foster mutual growth and success between investors and Malaysia as a nation. In conclusion, Malaysia's strong economy, government support, cultural diversity, secure environment, and inclusive investment opportunities make it an attractive destination for foreign investors seeking profitable business ventures and a brighter future for themselves and their families. Call, Email or text us & take an appointment from the website to visit our office in Malaysia. LIM & ANI ASSOCIATES SDN BHD Call: +601126664168 Call: +60108242527 Call: +603-58856648 (office landline) Email: [email protected] www.mbbusinessjoint.com 
AGRICULTURE AND FISHERIES BUSINESS SETUP IN MALAYSIA WITH COMPANY
The agriculture and fisheries industry alone contributed 8.2 per cent of Malaysia’s GDP in the year 2017. The food base agriculture industry includes commodities such as rice, fruits, vegetables, fisheries and livestock. the main institution which handles the development of the field is the Ministry of Agriculture and Agro-Based Industry (MOA).
In order to start a business in Malaysia, investors need to open a company in Malaysia, In most of the cases which should be a SDN. BHD. comapny. Foreigners are allowed to set up a company with 100% foreign capital, which is usually registered as a limited company (SDN. BHD.). However, it is important to know that all the companies registered here require at least two directors, at least one of them must be residents of Malaysia. At the same time, it is compulsory to have a business address registered in Malaysia, as well as a corporate bank account. Our team of associate business specialists, company secretaries & legal business advisors in Malaysia can assist investors with company registration & business setup including agriculture or fisheries land lease & licenses. Malaysia has a network of farmers’ organizations that come under the administrative jurisdiction of the Farmers’ Organization Authority, a statutory body under the supervision of the Department of Agriculture. Under the Farmers’ Organization Act 1973, any person engaged in agricultural or livestock production is eligible to be a member of, and to form, a farmers’ organization registered under the Act. Land acquisition Identify and summarize the legislation addressing agricultural property transactions in your jurisdiction. Outline how farmland is typically held. Pursuant to the Federal Constitution of Malaysia (the Constitution), land matters generally lie within the jurisdiction of the various state governments:
Labor & worker policy for agriculture sector There are no specific rules or laws governing the rights of workers for agricultural operations. As is the case with workers from other industries, the rights of workers for agricultural operations are primarily covered under the:
Foreign workers for agriculture sector in Malaysia Non-citizens working in Malaysia must obtain the applicable work permits, depending on the types of work carried out. Under Malaysian immigration laws, foreign workers are only permitted to work in the following sectors:
Law regarding export-import agriculture goods The Customs (Prohibition of Imports) Order 2017 and the Customs (Prohibition of Exports) Order 2017 issued pursuant to the Customs Act 1967 list goods that are either absolutely prohibited, or which may be imported or exported subject to the importer or exporter obtaining the relevant import or export license from the specified authority. 
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 about starting a business & company in Malaysia Call: +60172041317 (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: +60172041317 Call: +60108242527 Call: +603-84081680 (office landline) Email: [email protected] www.mbbusinessjoint.com |
Author
© Lim & Ani Associates Archives
October 2024
Categories
All
|
RSS Feed
