AUTHENTIC MALAYSIA BUSINESS INFORMATION

Malaysia introduced a new & larger recovery budget for the year of 2022, with a 6 percent deficit projected for 2022 set to lift the economy by 6 percent to 6.5 percent. The following are the highlights of Budget 2022 themed "Keluarga Malaysia, Makmur Sejahtera (A Prosperous Malaysian Family)" which was presented by Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz in Parliament & got passed recently. 

The government has allocated a total of RM332.1 billion for Budget 2022, the highest value compared to previous budgets.

Here are some of the key takeaways of Budget 2022;

• RM332.1 billion allocated under Budget 2022, the highest allocation until this date.
• RM233.5 billion allocated for operating expenditure.
• RM75.6 billion allocated for development expenditure.
• Bantuan Keluarga Malaysia worth RM8.2 billion, to benefit 9.6 million recipients.
• RM2 billion for vaccination expenses and RM2 billion for supplies.
• Education Ministry receives the highest allocation in Budget 2022, a sum of RM52.6 billion. Ministry of Higher Education receives RM14.5 billion allocation in Budget 2022, which will attract more international students.
• Special RM2,500 tax relief for the purchase of hand-phones, computers, and tablets.
• JaminKerja initiatives to create 600,000 job opportunities with an RM4.8 billion allocation.
• Govt to introduce excise duty on chocolate or cocoa, malt, coffee, and tea-based premix drinks containing sugar.
• Govt, through the Securities Commission Malaysia, to make it compulsory for public-listed companies to have at least one female director on their boards.
• Income tax exemptions for winners of eligible e-sports championships.
• Tax relief for the cost of medical expenses/consultation involving registered psychiatrists, clinical psychologists, counselors.
• EPF to extend reduced minimum contribution rate of 9% until June 2022.
• Govt to extend 100% sales tax waiver on CKD passenger vehicles and 50% sales tax exemption on CBU passenger vehicles, including MPVs and SUVs, until June 30, 2022.
• Employers to get tax relief and exemptions on the cost of boosters shots.
• Real property gains tax removed for house sales from the sixth year on-wards.
• Govt to continue supporting equity crowdfunding and peer-to-peer financing with RM80 million allocation in matching grants under Malaysia Co-Investment Fund, in addition to Bank Pembangunan Malaysia Bhd's RM100 million investment.
• SMEs allowed postponing income tax installments for six months until June 30, 2022.
• Special tax exemption for building/commercial unit owners who give at least a 30% rental discount.
• RM100 million for smart automation matching grants to benefit 200 manufacturing and services companies.
• Targeted wage subsidies for employers in the tourism industry who have seen their income reduced by at least 30%.
• RM85 million for special assistance to over 20,000 registered tour operators.
• Income tax exemptions for organizers of artistic and cultural activities, as well as sports competitions and international-level recreational activities, are to be extended until 2025.
• RM250 million allocated for Shop Malaysia Online and Go-eCommerce Onboarding.
• Govt to provide full exemption on import, excise duties, and sales tax for electric vehicles.
• RM1.7 billion in subsidies, incentives for farming and fisheries industries, including RM1.5 billion in subsidies for seeds and fertilizer.
• Bank Negara to allocate RM1 billion towards assisting SMEs in adopting sustainable and low-carbon practices.
• RM20 million to be allocated to each state for projects related to food security, tourism, and nature conservation.
• Govt to introduce Cukai Makmur, a special tax on a one-off basis to companies generating high profits. The first RM100 million in taxable earnings will be taxed at 24% while the remainder will be taxed at 33% for the tax assessment year of 2022.
• Sales tax to be imposed on low-value items sourced overseas that are sold by online sellers and sent to Malaysia via air courier.
• Services tax to be imposed on delivery services provided by service providers including e-commerce platforms, except for food and beverage deliveries and logistics services.
• Govt announces RM3 billion push fund into pandemic-hit listed companies, RM2 billion for companies with speed up issues.

This budget is one of the best investment, business, health, education & living friendly budget so far. To develop local Malaysian businesses & foreign investments. We will highly recommend our foreign investors, clients & businessmen to invest in Malaysia for a better covid-19 economical environment & sustainable future. Our expert business advisors, company secretaries, accountants, auditors, tax agents & corporate lawyers are always here to give you a smooth & profitable business experience in Malaysia. 
We encourage you to invest in Malaysia for a better future for your business & 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.

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; 

1. Company registration.
2. Business setup advisory.
3. Accounting & Audit.
4. Taxation & SST.
5. Business licenses advisory.
6. Professional global business advisory.
7. Marketing & planning.
8. Legal business policy & HR management.
9. Business survival & transformation advisory.

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: advisory@mbbusinessjoint.com
www.mbbusinessjoint.com

• COMPANY REGISTRATION
• BUSINESS NEWS MALAYSIA
• BUSINESS IDEAS IN MALAYSIA
• BUSINESS ADVISORY IN MALAYSIA
• RUNNING BUSINESS FOR SALE IN MALAYSIA
• MALAYSIA MY SECOND HOME (mm2h) ADVISORY
  

The genuine Investors & businessmen from all over the world can enter in Malaysia again for business purposes, lets see how its possible or we can help for out FDI - Foreign Direct Investment clients through legal Government & immigration policy.

The Immigration Department of Malaysia has launched the MyTravelPass system, which made it easier for Malaysians and foreigners to apply for entry or exit permits during the Covid-19 period. It reduced the application time to a maximum of five days.

WHO CAN APPLY MTP
Foreigners who wish to enter Malaysia with purpose of :

• Permanent Resident (PR) (for those who had movement in/out of the country during MCO period).
• Official and Business (meeting, conference and others).
• Social visit purpose : compassionate ground (medical / emergency and death).

FOR PURPOSE OF HOLIDAY AND SOCIAL VISIT IS NOT ALLOWED

WHO CAN NOT USE MTP
Foreigner who holds Malaysia Long Term Visit Pass (LTVP) as follow are NOT ELIGIBLE TO APPLY through this channel :

• Malaysia My Second Home Program (MM2H),
• Expatriate (including all category Employment Pass ),
• Resident Pass Talent (RPT),
• Professional Visit Pass (PVP),
• Dependent Pass,
• Husband/Wife and Children of citizen / permanent resident;
• Student Pass; and
• Temporary Work Visit Pass (VPTE)

AFTER ARRIVAL IN MALAYSIA WITH MTP
Upon arrival in Malaysia, applicant needs to comply to the following procedures :-

• Travelers must present passport and MTP Approval during immigration clearance at Point of Entry;
• Travelers will be subjected to health screening at the Point of Entry
• Travelers will be subjected to 14 days quarantine at stipulated Quarantine Center by NADMA and cost will be fully borne by applicant.
• All travelers are subjected to effective immigration procedures, rules and regulation during immigration clearance at point of entry. Applicant who fails to comply will be denied entry.

QUARANTINE PERIOD CUT TO 10 DAYS
Tan Sri Dr Noor Hisham Abdullah said the monitoring and observation period for travellers from abroad, as well as close contact tracing management would be shortened to 10 days instead of 14 day.

BE CAREFUL FROM FRAUD AGENTS
Remember it's only can be done through MTP system from Malaysia, dont get cheated by any visa agents or fake other country agencies. We are helping & advising genuine business investors online to apply who are interested to do investment in Malaysia with proper financial prove. We are helping to process the full legal business & investment papers in Malaysia.

HOW CAN WE HELP?
We are helping our company & business setup services package clients to apply MTP (My Travel Pass). Doing company registration online legally, Malaysian registered address, set up business in Malaysia, finding Malaysian business to invest, apply MIDA for industrial licenses & business banking. A full assisting in Malaysia as a legal business advisor.
CLICK HERE for company registration package, fee and costing details

Our advisory lines
+60108242527 (whatsapp available) | +601121189303 (whatsapp available)

Why Lim & Ani Associates Sdn Bhd
We are providing one of the best business setup & company registration services in Malaysia, with experienced & licensed company secretaries, professional accountants, auditors, tax & SST experts, business advisors - a one-stop business solution in Malaysia.
As one of the best leading corporate advisors, we are offering services bellow as per business act 2016 & Malaysian Government policy;

1. Company registration.
2. Business setup advisory.
3. Accounting & Audit.
4. Taxation & SST.
5. Business licenses advisory.
6. Professional global business advisory.
7. Marketing & planning.
8. Legal business policy & HR management.
9. Business survival & transformation advisory.

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

• COMPANY REGISTRATION
• BUSINESS NEWS MALAYSIA
• BUSINESS IDEAS IN MALAYSIA
  
• BUSINESS ADVISORY IN MALAYSIA
• RUNNING BUSINESS FOR SALE IN MALAYSIA
• MALAYSIA MY SECOND HOME (mm2h) ADVISORY

Photo credit: Bernama

Malaysia ranked in the top 5 best countries in the world for successfully fighting COVID-19. According to Bernama, Senior Minister (Security Cluster), Datuk Seri Ismail Sabri Yaakob said that Malaysia has been recognized as among the five nations in the world to have succeeded in controlling the spread of COVID-19. The recognition comes after a global survey where the government's actions in controlling the spread of the virus were well accepted by the people. 

"People acceptance of the government's actions received recognition in a global survey where Malaysia was ranked among the top five countries in the world, with the highest public approval," he said during the daily press conference on the last 14 June.

We appreciate all people in Malaysia and our national heroes – the front-liners! They made an example for other nations in the world. Together we can fight the spread of COVID-19. 

Malaysia already entered in the recovery period (RMCO). The government announced business packages to revive the local economy after lock-down. The Ministry of Entrepreneur Development and Cooperatives (MEDAC) will allocate RM452.8 million to assist COVID-19 affected entrepreneurs under a business recovery plan to support the stability of the entrepreneurial structure of Malaysia. The allocation expected to benefit more than 21,847 micro-entrepreneurs, small and medium enterprises & social entrepreneurs.

Now it's the best time to think about investing in Malaysian business entrepreneurship sector & start a new business or startup. This smart business aids will boost-up your business & let you grow to-gather with Malaysia & sustainable Malaysian economy. This why investors & businessmen in Malaysia should start business with legal company & business licenses to claim this aids.

Why Lim & Ani Associates Sdn Bhd
We are providing one of the best business & company services in Malaysia, with experienced & licensed company secretaries, professional accountants, auditors, tax & SST experts, expert business advisors and we are offering a one-stop business service in Malaysia.  As one of the best leading corporate advisors, we make sure that your company registration, investment, business management in Malaysia runs smoothly & tensions free, while meeting all the existing compliance laws and regulations.

Our advisory line to discuss more about starting business with business management
+60108242527 (whatsapp available)

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

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

Now a days Malaysia is being recognized as one of the best country for investment & business in world, CEOworld magazine awarded Malaysia as the best country to invest in the world (2018). Open market & business friendly policy of Malaysia Govt. made it easy to invest & to grow a good business in Malaysia, today we will discuss - why USA, Europe, Asia & Middle-East investors choosing Malaysia to be their first choice to invest.
As one of the best ranked business advisory, company registration & accounting firm in Malaysia, we are offering the best one stop legal business solution in Malaysia.

Geographic Location
Communication is one of the major key point of investment, because if the location is not perfect, no business can develop. Malaysia is a best choice as a business hub for its geo location. Easy air & sea communication with most of the running business country such as; China, India, Singapore, Thailand, Vietnam, Dubai, Australia, Bangladesh made a prime geo location for investing & growing variety business. Also Malaysia is one of the biggest tourist destination in Asia for all the world tourists.

Strong Economy
Malaysia is one of the stable & powerful economic country. The economic growth ratio of Malaysia is over 5% which is, lot more then many other countries in the world. As a result of better & established economy, most of the best brands & business groups have their registered company settlement in Malaysia. For better business, entrepreneurship, investment & growth a stable economy is a must.

Business friendly Tax policy
If you register a LLC in Malaysia, you will receive a lot of tax benefits. LLC (Limited Liability Company) is only get taxed on their profits. Usually for LLC tax rate varies from 18% to 26% depending on the share ratio.

Stable Government
The stable & business friendly Govt & their policy made Malaysia a business & investment heaven. Malaysia Govt always working on the business & investment (FDI) welfare & enhanced the latest business & company act 2016. Compared to other South Asian countries, the business possibility rate in Malaysia is much higher because of political & Govt stability.

Work-force
The educated & experienced workforce is one of the best key asset for Malaysia. Experienced multi national work force & manpower in Malaysia made it best for new & major investor for any industry base investment.

Culture & Living with family
Malaysia is one of the oldest Muslim nation in the world with harmony & tolerance where other 3 to 4 major races & religions are coexisting very peacefully as a big market & work force. All the race & religion are appreciated here with a very strong peace oriented law & enforcement management. Security, respect & loving nature are the best gift of daily Malaysian life, which is hard to find in many other countries in the world. Low cost living with high value life facility always attracts the investors & expats from other countries in Malaysia with family & kids. 

Capital Funding
Joint Venture SDN BHD companies with local Malaysian share holders/directors can get business loan for development funding if companies have good banking record & business development possibilities.

With the strategic GEO position, better infrastructure, skilled work force, political stability, and low-cost business & living to a competitive investment climate, Malaysia is the future key assets of world business strategy. Malaysia now providing lots of investment & business opportunities and facilities to uphold the FDI (Foreign Direct Investment). Malaysia is one of the most attractive place for foreign entrepreneurs & investors to start investing, develop a good business plan, company registration in Malaysia with us & our legal one stop business services in Malaysia.

Our company registration service package includes:

• Company registration
• Company forms/super form & sections
• CTC's & chop
• Name search
• SSM charges
• Foreign directors document certification
• Printing & Filing
• Share distribution agreement
• Finding nominee director & agreement
• Prepare sign board & Premises licenses application documents
• Prepare business licenses application documents
• Registered office facility & virtual office facility
• Bank accountopening charges (first bank account)
• Service charge & related services
• Business counseling, planing & setup advisory
• - Full package including all this services & charges RM 7650 (one time payment)
  - Local director fee RM 2500
  - No hidden cost & no illegal request acceptable for extra payment.

Our advisory line to discuss more +60108242527 (whatsapp available)
Offering special fee for business advisory clients of "Invest Malaysia (IM2020)" campaign

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 solution in Malaysia. As one of the best leading corporate advisors, we make sure that your company registration & investment in Malaysia runs smoothly & tensions free, while meeting all the existing compliance laws and regulations.

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

• COMPANY REGISTRATION
• BUSINESS NEWS MALAYSIA
• BUSINESS IDEAS IN MALAYSIA
• BUSINESS ADVISORY IN MALAYSIA
• MALAYSIA MY SECOND HOME (mm2h) ADVISORY