MALAYSIA MALAYSIA  SERVICES

Business Set Up in Malaysia

Malaysia has a unique geographical position and functions as a business hub, well known for its ease of doing business, good infrastructure, ample natural resources. Enterslice will impart in-depth knowledge of the policies and procedures and provide end-to-end business support and expansion services.

Benefits of Doing Business in Malaysia

 

The low corporate tax rate

Educated and low-cost labour

Strategic Location

No language barrier

Ease of Doing Business

Free Trade Agreements

New Companies Act

Investment guarantee agreements

Strong Incentives and subsidies

No withholding taxes

Different Types of Business Structures in Malaysia

 

Sole Proprietorship

This form of entity can be easily set up in Malaysia. The sole proprietorship business requires only one owner, and their liability is unlimited. Personal income or assets of the owner can be used to settle the debts and obligations of the proprietorship or in case of bankruptcy.

Private Limited Company

A private limited company is a separate legal entity from its owners, meaning it can buy/sell property, enter into legal contracts and sue or get sued in the courts. The owners shall be liable only for the amount they have contributed to the company; their assets will be untouched in case of insolvency or bankruptcy.

Foreign Company (Branch Office and Representative Office)

Foreign companies wanting to understand the Malaysian business environment can establish a representative office. A representative office does not have any independent legal stature in Malaysia. Therefore, the parent company shall be responsible for its debts and liabilities. A branch office is an extension of the foreign parent company. Here also, the foreign parent company shall be liable and responsible for all the debts of the branch in Malaysia.

Public Limited Company

A public limited company is a company whose shares can be offered to the public. Public limited companies are listed on the stock exchange and are governed by the Securities Commission of Malaysia.

Unlimited Company

An unlimited company provides unlimited liability to the members and shareholders, meaning if there is a loss or the company falls under debt, the members and shareholders shall be personally responsible.

Limited Liability Partnerships

An LLP has the characteristics of a partnership and a company. It is a corporate body with a separate legal entity from its partners. An LLP can be set up under the Limited Liability Partnership Act 2012.

Partnerships

When two or more persons come together to generate profit from their commercial activities, the entity can be registered as a partnership. Not more than 20 partners can form a partnership. The partners must be Malaysian citizens or permanent citizens only. This form of organization is suitable for auditors and lawyers. The partners have unlimited liability against the debts and obligations of the partnership. The partnership is not supposed to pay taxes, but the partners must pay individually.

Different Types of Taxes in Malaysia

 

Corporate Income Tax

Stamp Duty

Sales Tax

Service Tax

Import Duty

Excise Duty

Property Tax

Real Property Gains Tax (RPGT)

Withholding Tax

About our Services

Enterslice is one of the leading management consultancy firms which offers end-to-end business set-up, financial, regulatory, taxation, legal, and advisory services to early-stage businesses, start-ups, entrepreneurs, and large corporate houses across the globe.

Our Malaysia Entry Strategy services involve the following services:

About the Malaysia Entry Strategy

Our Malaysia Entry Strategy is classified into the following:

Business Set-up Services

Business Structures available in Malaysia are Sole proprietorship, Private Limited Company, Public Limited Company, Foreign Company, unlimited company, Limited Liability Partnership, and Partnership. Our business set-up services include advisory related to the type of business structure you should opt for to set up business in Malaysia. Our team will assist you in the business registration process, in opening a bank account for the business, and in post-registration compliance.

Consultancy on Managing the Business

Our consultants formulate a strategic plan for establishing and operating the business depending on your business needs. We formulate a budget and develop cash flows for your business. We also review internal control processes and conduct business reviews. We provide advisory on issues related to the management of the business.

Legal Advisory Services

Our legal experts provide legal advice on business operations, finances, IP protection, etc. We also draft legal necessary papers for your business and review and compile the required Paper works. We also ensure that all legal and regulatory compliance are duly complied with.

Accounting and Audit Advisory Services

Our experts provide bookkeeping services, assuring the proper maintenance of different accounting records. This involves keeping thorough and organized financial records, such as cash books, general ledgers, fixed asset registers and accounts receivable and payable sub-ledgers. In addition to this, we also provide financial reporting, accounting guidance, and bookkeeping services. They aid in the production of accurate financial accounts, ensure conformity to accounting standards, and offer qualified advice on complex accounting matters. The accounts and financial statements are prepared to reflect the accurate and fair view of the company’s operations. On behalf of our clients, we ensure that the accounting and audit requirements are fulfilled.

Tax Advisory Services

Our tax experts will assist you in effectively managing your tax obligations and identifying opportunities to lower tax expenses. We ensure that the tax return is timely filed. We provide advisory on direct as well as indirect taxes. As the globe becomes increasingly linked, businesses regularly engage in cross-border transactions with intricate tax ramifications. We provide thorough advice on international tax compliance, double taxation agreements, transfer pricing, and international tax planning by using our worldwide tax consultancy services. Our knowledge aids companies in overcoming the difficulties associated with international taxes and strengthening their worldwide tax position.

Intellectual Property Advisory Services

Our IP Experts assist in IP Compliance. We assist in getting IP registration by filling out applications for registration and compiling relevant necessary papers. Our team of IP experts also advises on IP compliance and IP Protection. We also assist in enforcing IP rights against any infringement.

Frequently Asked Questions

The currency of Malaysia is Malaysian Ringgits. It is denoted as “MYR”.

The best suitable business structure for doing business in Malaysia depends upon the financial goals and business objectives. If you want primary control over the business and can bear unlimited liability the sole proprietorship is suitable. If you can negotiate on the control then you can opt for a partnership. In a corporation, however, it is the board of directors which have the control and all the decision-making power.

Doing business in Malaysia gives you access to the Asian market. Further, there is no restriction on foreign shareholding and the entire company can be entirely controlled by foreigners.

Yes, Enterslice helps in choosing the type of corporate structure in Malaysia depending upon your business wants and the financial resources available.

Enterslice is a leading consultancy firm that provides legal, accounting, tax, and business management solutions to enterprises across the globe.

The benefits of opting for Enterslice for your business set-up in Malaysia are as follows:

i. Professional Support

ii. 24*7 Customer Support

iii. Highly Integrated IT Team

iv. Tailor-made solution for our clients

v. Competent Team of Lawyers, CAs, Cost Accountants, CSs, and CPAs.

vi. All-inclusive solution for our clients

Our Offerings

Why choose Us

15+ years of Industry Experience.
Global Network of CA’s , CPA’s, and Attorneys’
Million Satisfied Clients.
Globally recognized consultancy with a presence over 22+countries.

Why Enterslice

24x7 Client relationship support desk.

Tech-enabled service delivery platform.

Dedicated foreign Investment desk.

50,000+ Network of Lawyers/Attorney’s/CPA/CA/CFA.

Strong team of Inhouse Lawyers/Attorney’s/CPA/CA/CFA

 

Individual and Dedicated professionals on every assignment.

We register 100+ Companies every Month.

Connect with Enterslice today to connect with our team of Skilled Professionals, to avail any of our Premium Services.

If you have any queries related to the Process, feel free to contact us. We will provide
you with immediate help.

We partner with more than 100+ companies

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