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Today let us discuss, what should you know before starting your investment in Malaysia. We can tell you why & how to register a company in Malaysia or start a business, but you should also know things to prepare yourself and plan your investment with our professional business service experiences. Malaysia's Govt is providing one of the best business laws, taxation facilities, world-class health care facilities, and international education & living facility.
Plan your investment
First of all, you should have a proper investment plan, in any country you go for investment, you should have a proper plan, knowledge of the market, and steps, which experienced advisors like us - Lim & Ani Associates, can provide you the best solution.
To start your investment in Malaysia you will require a company registered under your name, which service we also provide under our advisory services package, and all companies in Malaysia are registered under SSM or government company commission, following the company act 2016.
All companies should have a bank company bank account, which is essential for business transactions, TT, issuing LC, audits, and tax filing. We are assisting our clients with banking under our package with banks like CIMB, UOB, OCBC, RHB, and HSBC.
Whenever you are starting a business should remember, that every country has its tax law, and your company should have a tax file registration number, in Malaysia LHDN is the authority for taxation, where your business advisors like us, or company lawyers will open up your tax files for you and provide a registration number.
Paid capital authorization
Malaysian citizens can open half a million or RM 500,000 companies but we strongly suggest RM 1 million minimum for foreign investors (for licenses, commencements & immigration issues). Can contact our business advisors for paid-up capital planning and to assist you in choosing the best options available.
In Malaysia, all foreigners must register an SDN BHD or PVT LTD company to proceed for business, get business licenses and apply for ESD licenses to get (a business visa).
To open up a company you will need a local director and a residential address in Malaysia, which we also assist on. You should keep business natures according to your business choice in the company, so you can proceed for business faster as per your plan.
Companies should have their own office for bank account opening or licenses, where you can rent your own office or service offices as per your business need. We are offering registered offices for free (for company opening purposes), and we are also assisting services offices with legal agreements on a low-cost budget.
Usually, you can start a business in Malaysia at any budget but if you are a foreigner you should start your business from at least RM 100,000 for better return and cover up costs, licenses costings are also should be in your budget plan.
RM 100,000 can start almost any small business in Malaysia, which investment you can divide into two portions or RM 50,000. Our financial and business advisors can assist you to plan your investment budget and cash flow with a proper SAWT analysis.
Company secretaries and advisors
A company secretary and a business advisor are your best friends in Malaysia for better company services and investment processes. As one of the best business advisory firms in Malaysia, we are providing a vast network of company secretaries, business advisors, accountants, tax agents, and lawyers in Malaysia.
You should remember your business advisors, company secretaries and lawyers are not your agents to settle your tourist visa, airticket, taxi, hotel or do anything illegal for money. They have their duties and responsibility for your business and company management, so you should keep it professional. Check the agreements before you sign to know their responsibility and your responsibility towards them. Keep a professional agreement documented relationship and get assistance to make your venture successful in Malaysia.
For business investment, a business location is very crucial, if your area of business and customer base is not planned can not expect a good profit. We are providing a thorough market and area research and location finding with a vast network of licensed property agents.
We suggest our clients focus on KL or surrounding Selangor for a better business and investment opportunity.
A bank account is a must for your business setup in Malaysia, we are assisting in the bank account opening, but have to choose the bank very cautiously because the maintenance fee differs from bank to bank, and opening deposit can differ from RM 2000 to RM 50,000 depending on your business need. These deposits and bank dealings should be done by you and learn the policies.
Need all the directors in Malaysia to open the bank account and operate the bank cheque book and other banking instruments.
You should be more focused when you are coming for investment, though Malaysia is a tourist country with lots of entertainment, while you are setting up your business should focus on the business only. Don't waste your time on traveling and entertainment.
Process fee and price
Don't go for a cheap price or low cost, on the other hand, don't go for a high price or cost. Go for the moderate price and cost. The company setup package can cost you up to RM 8500 to RM 14000 differs company by company. Also, try to get full service in a package don't go from service to service, which will cost you more and lose track.
As a cautious investor, you should only process with the providers who will provide agreements, rental agreements, and purchase documents. Also, for business security, you should maintain proper accounting, annual audits, tax submissions, insurance, POS machines, and CCcam,
Local nominee director
To do the business licenses, bank account and licenses like ESD or business visa, a local nominee director is a must, usually, local directors charge annually RM 5000 or higher. For business securities, we maintain the local attachments with agreement and backups.
Offshore or onshore companies
In Malaysia, you can proceed for offshore companies also, but offshore companies have limited access to country facilities, and it's also costly to process (in USD value). So we suggest going for local onshore SDN BHD companies.
What visas can you get as a foreign investor
A Foreigner who is a Director/Shareholder of a Malaysian company can apply Director/Managing Director Visa or EP1/DP11 as “Company Managing Director/Director” including Dependent Pass for immediate family members (husband/wife, children under 18 years, and parents).
The full process is under Malaysian immigration's ESD - Expatriate Services Department and ESD licensing. To do this process you will require proper company set up, banking and paid up capital, proper business setup, taxation, and applications, no such manpower agent or special payments are required.
As business advisors, we assist our clients to do these licenses and applications properly with immigration, without any agent or extra payment issues.
Our company registration consultancy package includes:
Contact & Email us for services price quotation
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.
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LIM & ANI ASSOCIATES SDN BHD
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