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Today we will discuss how to incorporate a company in Malaysia or start a profitable small business in Malaysia. We do provide company secretary service, accounting, taxation, audit & marketing support in Malaysia but yet entrepreneurs & investors, specially foreign investors should know many things for their own good.
We will share this from our last 10 years experience in this field & working with foreign investors in FDI sector.
1. A clear idea
We can develop a profitable business plan for you, but the business idea must come from your mind, idea & experience. Because you must know & love your idea in your mind first. Later your advisors & consultants can do analysis, ideas can come from market research, your job background, your skills or trends. Specially the product/service gap & fill up system of the running country market.
2. Name your venture
Branding starts from naming your venture, which plays a vital role to introduce your service or product in the market, a unique & meaningful name can change many things.
3. Incorporate a Ltd./Sdn Bhd company
After getting a good name you must register a formal & legal business in Malaysia, it must be Ltd. or Sdn. Bhd. company with not less then 1 million RM of capital. Only after forming a legal company you can start all you business operational works & banking formalities. But
4. Know your market
What ever industries you invest in, you must know about the market of that such industry. As experts we can help you to know or study market in a financial & profit merging view. You should know the root supplies to sales end & competitors to various clients types. Even if your new in business field we are providing short trainings in various business fields.
5. Business strategy
You must have a very good business strategy to ensure profit & good business operation. Just investing with out expert involvement is not a very good idea, also like that even if we make your strategy for you, as owner you must also understand & know it. Before starting any project we provide our clients a very professional strategy with multiple seating's.
As a businessman specially if your a foreign investor, you must know about country business acts & law. In this case Malaysia business law is very defined & updates - Business Act 2016. Our advisors are specialized in Business Act 2016 to guide through the full legal process, taxation law, audit process & other formal laws you must know as a businessman. We do legal process only & also teach our clients how to maintain the law for best profit & good name for business.
7. Finance & Accounts
You must know when to spent money & when not to spent. Also business expenses are like crazy horses, if your accounts are not strong enough they will keep making you loss. Either you can do your own accounts & keep records or appoint our own staff accountants (C.A.) who are not only experienced but also MIA certified.
8. Risk factors
In business loss & profit are very common & 2 side of one coin, but still some risk factors are minimize able with good backup plans & insurance policies in some sectors. Specially investors must keep a emergency security fun for any emergency situation or financial calamities. A regular yearly audit can keep this risk factors explore able. Our audit service department is very good at this.
If you keep this simple but important things in your mind, you can also make a better investment & business in Malaysia for a better future & family. To be more clear or get our professional service in this fields you can always contact us.
LIM & ANI ASSOCIATES SDN BHD
+60108242527 (imo, whatsap & Viber)
+603-84081680 (office land line)
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