{"id":989066,"date":"2025-11-13T12:08:13","date_gmt":"2025-11-13T12:08:13","guid":{"rendered":"https:\/\/cla.global\/italy-company-registration\/?page_id=989066"},"modified":"2026-01-08T06:42:51","modified_gmt":"2026-01-08T06:42:51","slug":"malaysia-company-registration","status":"publish","type":"page","link":"https:\/\/cla.global\/malaysia-company-registration\/","title":{"rendered":"Malaysia Company Registration"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"989066\" class=\"elementor elementor-989066\" data-elementor-post-type=\"page\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d0b809d e-flex e-con-boxed e-con e-parent\" data-id=\"d0b809d\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-b424f11 e-con-full e-flex e-con e-child\" data-id=\"b424f11\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5d1b668 elementor-widget elementor-widget-html\" data-id=\"5d1b668\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t\t<style>\r\n\/* Sidebar Component Styles - Elementor Compatible *\/\r\n.uk-sidebar-component {\r\nmax-width: 100%;\r\nfont-family: inherit;\r\ncolor: inherit;\r\nline-height: inherit;\r\nposition: relative;\r\nz-index: 1;\r\n}\r\n.uk-sidebar-component * {\r\nbox-sizing: border-box;\r\n}\r\n\/* Sidebar Styles *\/\r\n.uk-sidebar {\r\nwidth: 280px;\r\nbackground: #f1f5f9;\r\nborder-right: 1px solid #e2e8f0;\r\npadding: 20px;\r\nborder-radius: 8px;\r\nheight: fit-content;\r\nflex-shrink: 0;\r\nposition: relative;\r\nz-index: 1;\r\n}\r\n.uk-sidebar h3 {\r\nbackground: linear-gradient(135deg, #1a4b5c 0%, #2c6e7f 100%);\r\ncolor: #fff;\r\npadding: 12px;\r\nborder-radius: 6px;\r\nmargin: 0 0 15px 0;\r\ntext-align: center;\r\nfont-size: 16px;\r\nfont-weight: bold;\r\n}\r\n.uk-sidebar-menu {\r\nlist-style: none;\r\npadding: 0;\r\nmargin: 0;\r\n}\r\n.uk-menu-item {\r\nmargin: 8px 0;\r\nposition: relative;\r\n}\r\n.uk-menu-item > .uk-dropdown-toggle {\r\ntext-decoration: none !important;\r\ncolor: #1a4b5c !important;\r\nfont-size: 15px;\r\nfont-weight: 600;\r\ndisplay: flex !important;\r\nalign-items: center;\r\njustify-content: space-between;\r\npadding: 12px 15px;\r\nborder-radius: 6px;\r\nbackground: #fff;\r\nborder: 1px solid #e2e8f0;\r\ntransition: all 0.3s ease;\r\ncursor: pointer;\r\nposition: relative;\r\nz-index: auto;\r\nwidth: 100%;\r\n}\r\n.uk-menu-item > .uk-dropdown-toggle:hover,\r\n.uk-menu-item > .uk-dropdown-toggle:focus {\r\nbackground: rgba(26, 75, 92, 0.1) !important;\r\nborder-color: #1a4b5c !important;\r\ncolor: #1a4b5c !important;\r\ntext-decoration: none !important;\r\n}\r\n.uk-menu-item > .uk-dropdown-toggle::after {\r\ncontent: \"\u25bc\";\r\nfont-size: 12px;\r\ntransition: transform 0.3s ease;\r\npointer-events: none;\r\nmargin-left: auto;\r\n}\r\n.uk-menu-item.uk-active > .uk-dropdown-toggle::after {\r\ntransform: rotate(180deg);\r\n}\r\n.uk-submenu {\r\nlist-style: none;\r\npadding: 0;\r\nmargin: 0;\r\nmax-height: 0;\r\noverflow: hidden;\r\ntransition: all 0.3s ease;\r\nbackground: #fff;\r\nborder-radius: 0 0 6px 6px;\r\nborder: 1px solid #e2e8f0;\r\nborder-top: none;\r\nopacity: 0;\r\nposition: relative;\r\nz-index: auto;\r\n}\r\n.uk-menu-item.uk-active .uk-submenu {\r\nmax-height: 500px;\r\npadding: 10px 0;\r\nopacity: 1;\r\n}\r\n.uk-submenu li {\r\nmargin: 0;\r\n}\r\n.uk-submenu li a {\r\ntext-decoration: none !important;\r\ncolor: #475569 !important;\r\nfont-size: 14px;\r\ndisplay: block;\r\npadding: 8px 20px;\r\ntransition: all 0.3s ease;\r\ncursor: pointer;\r\nposition: relative;\r\nz-index: auto;\r\n}\r\n.uk-submenu li a:hover,\r\n.uk-submenu li a:focus {\r\nbackground: #f8fafc !important;\r\ncolor: #1a4b5c !important;\r\npadding-left: 25px;\r\ntext-decoration: none !important;\r\n}\r\n\/* Responsive Design *\/\r\n@media (max-width: 768px) {\r\n.uk-sidebar {\r\nwidth: 100%;\r\nmax-width: 350px;\r\n}\r\n}\r\n@media (max-width: 480px) {\r\n.uk-sidebar {\r\nwidth: 100%;\r\npadding: 15px;\r\n}\r\n.uk-sidebar h3 {\r\nfont-size: 14px;\r\npadding: 10px;\r\nmargin-bottom: 12px;\r\n}\r\n.uk-menu-item > .uk-dropdown-toggle {\r\nfont-size: 14px;\r\npadding: 10px 12px;\r\n}\r\n.uk-submenu li a {\r\nfont-size: 13px;\r\npadding: 6px 16px;\r\n}\r\n}\r\n<\/style>\r\n<\/head>\r\n<body>\r\n<div class=\"uk-sidebar-component\">\r\n<!-- Sidebar -->\r\n<aside class=\"uk-sidebar\" id=\"ukSidebar\" role=\"navigation\" aria-label=\"Malaysia Guide Navigation\">\r\n<h3>Malaysia Business Guide<\/h3>\r\n<ul class=\"uk-sidebar-menu\">\r\n<li class=\"uk-menu-item uk-has-dropdown\">\r\n<div class=\"uk-dropdown-toggle\" data-target=\"uk-malaysia-summary\">Malaysia summary<\/div>\r\n<ul class=\"uk-submenu\" id=\"uk-malaysia-summary\">\r\n<li><a href=\"https:\/\/cla.global\/malaysia-company-registration\/\">Why start a business here?<\/a><\/li>\r\n<li><a href=\"https:\/\/cla.global\/malaysia-company-registration\/#disadv\">Problems with doing business here?<\/a><\/li>\r\n\r\n<\/ul>\r\n<\/li>\r\n<li class=\"uk-menu-item uk-has-dropdown\">\r\n<div class=\"uk-dropdown-toggle\" data-target=\"uk-malaysia-structuring\">Malaysia corporate structuring<\/div>\r\n<ul class=\"uk-submenu\" id=\"uk-malaysia-structuring\">\r\n<li><a href=\"https:\/\/cla.global\/company-formation-professional-services\/\">Company set up strategy<\/a><\/li>\r\n<li><a href=\"https:\/\/cla.global\/malaysia-company-registration\/business-entities\/\">Business entity types!<\/a><\/li>\r\n<li><a href=\"https:\/\/cla.global\/malaysia-company-registration\/resident-director-services\/\">Resident director services?<\/a><\/li>\r\n<li><a href=\"https:\/\/cla.global\/malaysia-company-registration\/15-steps-to-register-an-llc\/\">15 steps to register an LLC!<\/a><\/li>\r\n<li><a href=\"https:\/\/cla.global\/llp\/\">Limited Liability Partnerships<\/a><\/li>\r\n\r\n\r\n<\/ul>\r\n<\/li>\r\n\r\n<li class=\"uk-menu-item uk-has-dropdown\">\r\n<div class=\"uk-dropdown-toggle\" data-target=\"uk-fees-timelines\">Fees and timelines<\/div>\r\n<ul class=\"uk-submenu\" id=\"uk-fees-timelines\">\r\n<li><a href=\"https:\/\/cla.global\/malaysia-company-registration\/fees-and-timelines\/\">Engagement fees?<\/a><\/li>\r\n<li><a href=\"https:\/\/cla.global\/malaysia-company-registration\/fees-and-timelines\/#timelines\">Timelines?<\/a><\/li>\r\n<\/ul>\r\n<\/li>\r\n<li class=\"uk-menu-item uk-has-dropdown\">\r\n<div class=\"uk-dropdown-toggle\" data-target=\"uk-cash-flow\">Cash flow considerations<\/div>\r\n<ul class=\"uk-submenu\" id=\"uk-cash-flow\">\r\n<li><a href=\"https:\/\/cla.global\/malaysia-company-registration\/bank-account\/\">Corporate banking solutions?<\/a><\/li>\r\n<li><a href=\"https:\/\/cla.global\/company-formation-professional-services\/online-business-solutions\/\">E-commerce sales!<\/a><\/li>\r\n<li><a href=\"https:\/\/cla.global\/services\/cash-flow-improvement-services\/\">Cash flow improvement services!<\/a><\/li>\r\n<li><a href=\"https:\/\/cla.global\/services\/global-marketing-services\/\">Market penetration strategies?<\/a><\/li>\r\n<\/ul>\r\n<\/li>\r\n<li class=\"uk-menu-item uk-has-dropdown\">\r\n<div class=\"uk-dropdown-toggle\" data-target=\"uk-legal-accounting\">Legal + accounting + tax<\/div>\r\n<ul class=\"uk-submenu\" id=\"uk-legal-accounting\">\r\n<li><a href=\"https:\/\/cla.global\/malaysia-company-registration\/accounting-and-legal\/\">Accounting and tax considerations?<\/a><\/li>\r\n<\/ul>\r\n<\/li>\r\n<li class=\"uk-menu-item uk-has-dropdown\">\r\n<div class=\"uk-dropdown-toggle\" data-target=\"uk-support-services\">Business set up support services<\/div>\r\n<ul class=\"uk-submenu\" id=\"uk-support-services\">\r\n    <li><a href=\"https:\/\/cla.global\/malaysia-company-registration\/employment-act-in-malaysia\/\">Employment Act in Malaysia<\/a><\/li>\r\n<li><a href=\"https:\/\/cla.global\/recruitment\/\">Human resources services<\/a><\/li>\r\n<li><a href=\"https:\/\/cla.global\/services\/staff-recruitment\/\">Employee considerations!<\/a><\/li>\r\n<li><a href=\"https:\/\/cla.global\/virtual-office\/\">Find office premises!<\/a><\/li>\r\n<li><a href=\"https:\/\/cla.global\/trademark\/\">Trademark registration!<\/a><\/li>\r\n<li><a href=\"https:\/\/cla.global\/company-formation-professional-services\/registering-a-holding-company\/support-services\/\">Other support services!<\/a><\/li>\r\n<\/ul>\r\n<\/li>\r\n<\/ul>\r\n<\/aside>\r\n<\/div>\r\n<script>\r\n\/\/ Elementor-compatible sidebar script\r\n(function() {\r\n'use strict';\r\nlet isInitialized = false;\r\nfunction initUKSidebar() {\r\nif (isInitialized) return;\r\nconsole.log('Malaysia Sidebar: Initializing for Elementor');\r\n\/\/ Use event delegation for better compatibility\r\ndocument.addEventListener('click', function(e) {\r\n\/\/ Only handle clicks within our sidebar component\r\nif 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{\r\ne.preventDefault();\r\nconst targetId = e.target.getAttribute('href');\r\nconsole.log('Internal scroll link clicked:', targetId);\r\nif (targetId && targetId.startsWith('#')) {\r\nconst targetElement = document.querySelector(targetId);\r\nif (targetElement) {\r\ntargetElement.scrollIntoView({\r\nbehavior: 'smooth',\r\nblock: 'start'\r\n});\r\n}\r\n}\r\nreturn;\r\n}\r\n\/\/ For all other links (external links), let them work normally\r\n\/\/ Don't preventDefault() for regular anchor tags\r\n});\r\nisInitialized = true;\r\n}\r\n\/\/ Multiple initialization methods for Elementor compatibility\r\n\/\/ Method 1: Immediate if DOM is ready\r\nif (document.readyState === 'loading') {\r\ndocument.addEventListener('DOMContentLoaded', initUKSidebar);\r\n} else {\r\ninitUKSidebar();\r\n}\r\n\/\/ Method 2: Window load (for Elementor)\r\nwindow.addEventListener('load', function() {\r\nsetTimeout(initUKSidebar, 100);\r\n});\r\n\/\/ Method 3: Elementor frontend init (if available)\r\nif (window.elementorFrontend) {\r\nwindow.elementorFrontend.hooks.addAction('frontend\/element_ready\/global', initUKSidebar);\r\n}\r\n\/\/ Method 4: jQuery ready (if jQuery is available)\r\nif (typeof jQuery !== 'undefined') {\r\njQuery(document).ready(function() {\r\nsetTimeout(initUKSidebar, 50);\r\n});\r\n}\r\n\/\/ Method 5: MutationObserver for dynamic content\r\nif (typeof MutationObserver !== 'undefined') {\r\nconst observer = new MutationObserver(function(mutations) {\r\nmutations.forEach(function(mutation) {\r\nif (mutation.addedNodes.length > 0) {\r\nfor (let node of mutation.addedNodes) {\r\nif (node.nodeType === 1 && (node.classList.contains('uk-sidebar-component') || node.querySelector('.uk-sidebar-component'))) {\r\nsetTimeout(initUKSidebar, 100);\r\nbreak;\r\n}\r\n}\r\n}\r\n});\r\n});\r\nobserver.observe(document.body, {\r\nchildList: true,\r\nsubtree: true\r\n});\r\n}\r\n})();\r\n<\/script>\r\n<\/body>\r\n<\/html>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-dae0157 e-con-full e-flex e-con e-child\" data-id=\"dae0157\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-52aa3996 e-flex e-con-boxed e-con e-child\" data-id=\"52aa3996\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c245dd4 elementor-widget elementor-widget-heading\" data-id=\"c245dd4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Doing business in Malaysia<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-534015b4 elementor-widget elementor-widget-text-editor\" data-id=\"534015b4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p class=\"mt20 mb20\">CLA Consultants Group assists our multi-national Clients\u2019 with registering their business in Malaysia including <span class=\"yellow-roman\">i)<\/span>\u00a0Malaysia company registration\u00a0<span class=\"yellow-roman\">ii)<\/span>\u00a0securing regulatory licenses\u00a0<span class=\"yellow-roman\">iii)<\/span>\u00a0nominee services for Malaysian resident directors\u00a0<span class=\"yellow-roman\">iv)<\/span>\u00a0multi-currency corporate bank account opening in Malaysia\u00a0<span class=\"yellow-roman\">v)<\/span>\u00a0accounting and tax support and\u00a0<span class=\"yellow-roman\">vi)<\/span>\u00a0office rental solutions.<\/p><p>Choose CLA Consultants for your Malaysia company setup needs and benefit from our <strong>customized services, expertise and exceptional support<\/strong>.<\/p><p>Contact us today to explore how we can support your business in Malaysia<\/p><p>\n<table id=\"tablepress-1\" class=\"tablepress tablepress-id-1\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">Compare different Malaysia entities<\/th><th class=\"column-2\">Tax resident LLC<\/th><th class=\"column-3\">Tax exempt LLC<\/th><th class=\"column-4\">Free zone LLC<\/th><th class=\"column-5\">Bumiputera company<\/th><th class=\"column-6\">Representative office<\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Best use of company?<\/td><td class=\"column-2\">All purposes<\/td><td class=\"column-3\">International trading\/ holding<\/td><td class=\"column-4\">Manuf\/ Logistics<\/td><td class=\"column-5\">Joint venture with Malaysian national<\/td><td class=\"column-6\">Marketing\/<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">research<\/td><td class=\"column-2\">research<\/td><td class=\"column-3\">research<\/td><td class=\"column-4\">research<\/td><td class=\"column-5\">research<\/td><td class=\"column-6\">research<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">How soon to invoice Clients?<\/td><td class=\"column-2\">1 month<\/td><td class=\"column-3\">2 weeks<\/td><td class=\"column-4\">1 month<\/td><td class=\"column-5\">2 weeks<\/td><td class=\"column-6\">5 weeks<\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\">How soon can you hire staff?<\/td><td class=\"column-2\">1 month<\/td><td class=\"column-3\">2 weeks<\/td><td class=\"column-4\">1 month<\/td><td class=\"column-5\">2 weeks<\/td><td class=\"column-6\">5 weeks<\/td>\n<\/tr>\n<tr class=\"row-6\">\n\t<td class=\"column-1\">How soon can you sign a lease agreement?<\/td><td class=\"column-2\">1 month<\/td><td class=\"column-3\">2 weeks<\/td><td class=\"column-4\">1 month<\/td><td class=\"column-5\">2 weeks<\/td><td class=\"column-6\">5 weeks<\/td>\n<\/tr>\n<tr class=\"row-7\">\n\t<td class=\"column-1\">How long to supply corporate bank a\/c?<\/td><td class=\"column-2\">2 months<\/td><td class=\"column-3\">2 months<\/td><td class=\"column-4\">2 months<\/td><td class=\"column-5\">2 months<\/td><td class=\"column-6\">3 months<\/td>\n<\/tr>\n<tr class=\"row-8\">\n\t<td class=\"column-1\">How long to supply co. reg \/ tax numbers?<\/td><td class=\"column-2\">1 month<\/td><td class=\"column-3\">2 weeks<\/td><td class=\"column-4\">1 month<\/td><td class=\"column-5\">2 weeks<\/td><td class=\"column-6\">5 weeks<\/td>\n<\/tr>\n<tr class=\"row-9\">\n\t<td class=\"column-1\">Corporate tax rate on annual net profits?<\/td><td class=\"column-2\">24%<\/td><td class=\"column-3\">3%<\/td><td class=\"column-4\">24%<\/td><td class=\"column-5\">24%<\/td><td class=\"column-6\">0%<\/td>\n<\/tr>\n<tr class=\"row-10\">\n\t<td class=\"column-1\">Limited liability entity?<\/td><td class=\"column-2\">Yes<\/td><td class=\"column-3\">Yes<\/td><td class=\"column-4\">Yes<\/td><td class=\"column-5\">Yes<\/td><td class=\"column-6\">No<\/td>\n<\/tr>\n<tr class=\"row-11\">\n\t<td class=\"column-1\">Government grants available?<\/td><td class=\"column-2\">Yes<\/td><td class=\"column-3\">No<\/td><td class=\"column-4\">No<\/td><td class=\"column-5\">Yes<\/td><td class=\"column-6\">No<\/td>\n<\/tr>\n<tr class=\"row-12\">\n\t<td class=\"column-1\">Govt approval required for foreign owners?<\/td><td class=\"column-2\">No<\/td><td class=\"column-3\">No<\/td><td class=\"column-4\">Yes<\/td><td class=\"column-5\">No<\/td><td class=\"column-6\">No<\/td>\n<\/tr>\n<tr class=\"row-13\">\n\t<td class=\"column-1\">Res. director\/partner\/ manager required?<\/td><td class=\"column-2\">Yes, 1<\/td><td class=\"column-3\">No<\/td><td class=\"column-4\">Yes, 1<\/td><td class=\"column-5\">Yes, 1<\/td><td class=\"column-6\">No<\/td>\n<\/tr>\n<tr class=\"row-14\">\n\t<td class=\"column-1\">Min. paid up share capital?<\/td><td class=\"column-2\">US$2<\/td><td class=\"column-3\">US$1<\/td><td class=\"column-4\">US$125,000<\/td><td class=\"column-5\">US$2<\/td><td class=\"column-6\">None<\/td>\n<\/tr>\n<tr class=\"row-15\">\n\t<td class=\"column-1\">Can bid for Government contracts?<\/td><td class=\"column-2\">Yes<\/td><td class=\"column-3\">No<\/td><td class=\"column-4\">Yes<\/td><td class=\"column-5\">Yes<\/td><td class=\"column-6\">No<\/td>\n<\/tr>\n<tr class=\"row-16\">\n\t<td class=\"column-1\">Corporate bank account location?<\/td><td class=\"column-2\">OCBC KL<\/td><td class=\"column-3\">Public Bank Labuan<\/td><td class=\"column-4\">SCB KL<\/td><td class=\"column-5\">Maybank<\/td><td class=\"column-6\">OCBC KL<\/td>\n<\/tr>\n<tr class=\"row-17\">\n\t<td class=\"column-1\">Can secure trade finance?<\/td><td class=\"column-2\">Yes<\/td><td class=\"column-3\">No<\/td><td class=\"column-4\">Yes<\/td><td class=\"column-5\">Yes<\/td><td class=\"column-6\">No<\/td>\n<\/tr>\n<tr class=\"row-18\">\n\t<td class=\"column-1\">GST payable on sales to local customers?<\/td><td class=\"column-2\">6%<\/td><td class=\"column-3\">0%<\/td><td class=\"column-4\">0%<\/td><td class=\"column-5\">6%<\/td><td class=\"column-6\">0%<\/td>\n<\/tr>\n<tr class=\"row-19\">\n\t<td class=\"column-1\">Average total business set up costs?<\/td><td class=\"column-2\">US$ 16,130<\/td><td class=\"column-3\">US$12,000<\/td><td class=\"column-4\">US$20,050<\/td><td class=\"column-5\">US$12,680<\/td><td class=\"column-6\">US$13,465<\/td>\n<\/tr>\n<tr class=\"row-20\">\n\t<td class=\"column-1\">Average total engagement period?<\/td><td class=\"column-2\">4 months<\/td><td class=\"column-3\">3 months<\/td><td class=\"column-4\">4 months<\/td><td class=\"column-5\">4 months<\/td><td class=\"column-6\">4 months<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-1 from cache --><br \/>\n<table id=\"tablepress-2\" class=\"tablepress tablepress-id-2\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">Accounting and tax considerations<\/th><th class=\"column-2\">Tax resident LLC<\/th><th class=\"column-3\">Tax exempt LLC<\/th><th class=\"column-4\">Free zone LLC<\/th><th class=\"column-5\">Bumiputera company<\/th><th class=\"column-6\">Representative office<\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Statutory corporate tax payable?<\/td><td class=\"column-2\">24%<\/td><td class=\"column-3\">3%<\/td><td class=\"column-4\">24%<\/td><td class=\"column-5\">24%<\/td><td class=\"column-6\">0%<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">Legally tax exempt if properly structured?<\/td><td class=\"column-2\">No<\/td><td class=\"column-3\">Yes<\/td><td class=\"column-4\">No<\/td><td class=\"column-5\">No<\/td><td class=\"column-6\">Yes<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">Group HQ tax incentives?<\/td><td class=\"column-2\">Yes<\/td><td class=\"column-3\">No<\/td><td class=\"column-4\">Yes<\/td><td class=\"column-5\">Yes<\/td><td class=\"column-6\">No<\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\">Must file an annual tax return?<\/td><td class=\"column-2\">Yes<\/td><td class=\"column-3\">Yes<\/td><td class=\"column-4\">Yes<\/td><td class=\"column-5\">Yes<\/td><td class=\"column-6\">No<\/td>\n<\/tr>\n<tr class=\"row-6\">\n\t<td class=\"column-1\">Must file annual financial statements?<\/td><td class=\"column-2\">Yes<\/td><td class=\"column-3\">Yes<\/td><td class=\"column-4\">Yes<\/td><td class=\"column-5\">Yes<\/td><td class=\"column-6\">No<\/td>\n<\/tr>\n<tr class=\"row-7\">\n\t<td class=\"column-1\">Must appoint an auditor?<\/td><td class=\"column-2\">Yes<\/td><td class=\"column-3\">Yes<\/td><td class=\"column-4\">Yes<\/td><td class=\"column-5\">Yes<\/td><td class=\"column-6\">No<\/td>\n<\/tr>\n<tr class=\"row-8\">\n\t<td class=\"column-1\">Access to double taxation treaties?<\/td><td class=\"column-2\">Yes<\/td><td class=\"column-3\">No<\/td><td class=\"column-4\">Yes<\/td><td class=\"column-5\">Yes<\/td><td class=\"column-6\">No<\/td>\n<\/tr>\n<tr class=\"row-9\">\n\t<td class=\"column-1\">WH tax on payments to foreign s\/holders?<\/td><td class=\"column-2\">0%<\/td><td class=\"column-3\">0%<\/td><td class=\"column-4\">0%<\/td><td class=\"column-5\">0%<\/td><td class=\"column-6\">0%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-2 from cache --><br \/>\n<table id=\"tablepress-3\" class=\"tablepress tablepress-id-3\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">Company Registration<\/th><th class=\"column-2\">Tax resident LLC<\/th><th class=\"column-3\">Tax exempt LLC<\/th><th class=\"column-4\">Free zone LLC<\/th><th class=\"column-5\">Bumiputera company<\/th><th class=\"column-6\">Representative office<\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Res. director\/partner\/manager required?<\/td><td class=\"column-2\">Yes, 1<\/td><td class=\"column-3\">No<\/td><td class=\"column-4\">Yes, 1<\/td><td class=\"column-5\">Yes, 1<\/td><td class=\"column-6\">No<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">Min. number of shareholders\/partners?<\/td><td class=\"column-2\">2<\/td><td class=\"column-3\">1<\/td><td class=\"column-4\">5<\/td><td class=\"column-5\">2<\/td><td class=\"column-6\">Parent company<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">Maximum shareholding for foreigners?<\/td><td class=\"column-2\">100%<\/td><td class=\"column-3\">100%<\/td><td class=\"column-4\">100%<\/td><td class=\"column-5\">63%<\/td><td class=\"column-6\">100%<\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\">Min. statutory paid up share capital?<\/td><td class=\"column-2\">US$2<\/td><td class=\"column-3\">US$1<\/td><td class=\"column-4\">US$2<\/td><td class=\"column-5\">US$2<\/td><td class=\"column-6\">None<\/td>\n<\/tr>\n<tr class=\"row-6\">\n\t<td class=\"column-1\">Security deposit kept with government?<\/td><td class=\"column-2\">No<\/td><td class=\"column-3\">No<\/td><td class=\"column-4\">No<\/td><td class=\"column-5\">No<\/td><td class=\"column-6\">No<\/td>\n<\/tr>\n<tr class=\"row-7\">\n\t<td class=\"column-1\">Shelf companies available?<\/td><td class=\"column-2\">Yes<\/td><td class=\"column-3\">Yes<\/td><td class=\"column-4\">Yes<\/td><td class=\"column-5\">Yes<\/td><td class=\"column-6\">No<\/td>\n<\/tr>\n<tr class=\"row-8\">\n\t<td class=\"column-1\">Time to incorporate a new entity?<\/td><td class=\"column-2\">1 week<\/td><td class=\"column-3\">1 week<\/td><td class=\"column-4\">1 week<\/td><td class=\"column-5\">1 week<\/td><td class=\"column-6\">1 week<\/td>\n<\/tr>\n<tr class=\"row-9\">\n\t<td class=\"column-1\">Can easily convert to a PLC?<\/td><td class=\"column-2\">Yes<\/td><td class=\"column-3\">No<\/td><td class=\"column-4\">Yes<\/td><td class=\"column-5\">Yes<\/td><td class=\"column-6\">No<\/td>\n<\/tr>\n<tr class=\"row-10\">\n\t<td class=\"column-1\">Public register of s\/holders and directors?<\/td><td class=\"column-2\">Yes<\/td><td class=\"column-3\">No<\/td><td class=\"column-4\">Yes<\/td><td class=\"column-5\">Yes<\/td><td class=\"column-6\">Yes<\/td>\n<\/tr>\n<tr class=\"row-11\">\n\t<td class=\"column-1\">Can have preference shareholders?<\/td><td class=\"column-2\">Yes<\/td><td class=\"column-3\">Yes<\/td><td class=\"column-4\">Yes<\/td><td class=\"column-5\">Yes<\/td><td class=\"column-6\">No<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-3 from cache --><br \/>\n<table id=\"tablepress-4\" class=\"tablepress tablepress-id-4\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">Business Considerations<\/th><th class=\"column-2\">Tax resident LLC<\/th><th class=\"column-3\">Tax exempt LLC<\/th><th class=\"column-4\">Free zone LLC<\/th><th class=\"column-5\">Bumiputera company<\/th><th class=\"column-6\">Representative office<\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Good entity for trademark registration?<\/td><td class=\"column-2\">Yes<\/td><td class=\"column-3\">Yes<\/td><td class=\"column-4\">Yes<\/td><td class=\"column-5\">Yes<\/td><td class=\"column-6\">No<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">Can secure an import and export license?<\/td><td class=\"column-2\">Yes<\/td><td class=\"column-3\">No<\/td><td class=\"column-4\">Yes<\/td><td class=\"column-5\">Yes<\/td><td class=\"column-6\">No<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">Can be wholly foreign owned?<\/td><td class=\"column-2\">Yes<\/td><td class=\"column-3\">Yes<\/td><td class=\"column-4\">Yes<\/td><td class=\"column-5\">No<\/td><td class=\"column-6\">Yes<\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\">The entity will likely be regulated by?<\/td><td class=\"column-2\">SSM<\/td><td class=\"column-3\">Labuan IBFC<\/td><td class=\"column-4\">SSM<\/td><td class=\"column-5\">SSM<\/td><td class=\"column-6\">MIDA<\/td>\n<\/tr>\n<tr class=\"row-6\">\n\t<td class=\"column-1\">Monthly GST reporting to the Government?<\/td><td class=\"column-2\">Yes<\/td><td class=\"column-3\">No<\/td><td class=\"column-4\">No<\/td><td class=\"column-5\">Yes<\/td><td class=\"column-6\">No<\/td>\n<\/tr>\n<tr class=\"row-7\">\n\t<td class=\"column-1\">Maximum number of staff allowed?<\/td><td class=\"column-2\">No limit<\/td><td class=\"column-3\">No limit<\/td><td class=\"column-4\">No limit<\/td><td class=\"column-5\">No limit<\/td><td class=\"column-6\">1 expatriate<\/td>\n<\/tr>\n<tr class=\"row-8\">\n\t<td class=\"column-1\">Expatriate to local staff ratio?<\/td><td class=\"column-2\">None<\/td><td class=\"column-3\">None<\/td><td class=\"column-4\">3 to 1<\/td><td class=\"column-5\">None<\/td><td class=\"column-6\">1 to 1<\/td>\n<\/tr>\n<tr class=\"row-9\">\n\t<td class=\"column-1\">Residence visa for business owner?<\/td><td class=\"column-2\">Yes<\/td><td class=\"column-3\">Yes<\/td><td class=\"column-4\">Yes<\/td><td class=\"column-5\">Yes<\/td><td class=\"column-6\">Yes<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-4 from cache --><br \/>\n<table id=\"tablepress-5\" class=\"tablepress tablepress-id-5\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">Sponsorship by a local citizen required?<\/th><th class=\"column-2\">No<\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Our Client must travel to Malaysia?<\/td><td class=\"column-2\">No<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">Our Client must travel to Malaysia or Singapore branch for corporate bank account opening?<\/td><td class=\"column-2\">Yes<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">Temp. physical office solutions available?<\/td><td class=\"column-2\">Yes<\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\">You need local resident as bank signatory?<\/td><td class=\"column-2\">No<\/td>\n<\/tr>\n<tr class=\"row-6\">\n\t<td class=\"column-1\">Min. number of directors\/managers?<\/td><td class=\"column-2\">1<\/td>\n<\/tr>\n<tr class=\"row-7\">\n\t<td class=\"column-1\">Must sign an office lease agreement?<\/td><td class=\"column-2\">No<\/td>\n<\/tr>\n<tr class=\"row-8\">\n\t<td class=\"column-1\">S\/holder\/director docs attested\/translated?<\/td><td class=\"column-2\">No<\/td>\n<\/tr>\n<tr class=\"row-9\">\n\t<td class=\"column-1\">Foreign director needs personal tax no.?<\/td><td class=\"column-2\">No<\/td>\n<\/tr>\n<tr class=\"row-10\">\n\t<td class=\"column-1\">Foreign director needs a residence visa?<\/td><td class=\"column-2\">Yes<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-5 from cache --><br \/>\n<table id=\"tablepress-6\" class=\"tablepress tablepress-id-6\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">Banking considerations<\/th><td class=\"column-2\"><\/td>\n<\/tr>\n<\/thead>\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Multi-currency bank accounts available?<\/td><td class=\"column-2\">Yes<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">Corporate visa debit cards available?<\/td><td class=\"column-2\">Yes<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">Quality of e-banking platform?<\/td><td class=\"column-2\">Excellent<\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\">Crowd funding available in this country?<\/td><td class=\"column-2\">Yes<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-6 from cache --><br \/>\n<table id=\"tablepress-9\" class=\"tablepress tablepress-id-9\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">Other useful information<\/th><td class=\"column-2\"><\/td>\n<\/tr>\n<\/thead>\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-2\">\n\t<td class=\"column-1\">What will be included in my customer sales invoice?<\/td><td class=\"column-2\"><a href=\"https:\/\/www.ctim.org.my\/download.asp?cat=517&amp;file=DGIIE_Tfg%20f2rpvsvp%20T7vqr%20-%20gnA%20V081vpr%20n0q%20erp14q5%20Xrr2v0t%20(4r8v5rq%20n5%20n6%20GD%20Qrprzor4%20FDEI)(DJDEEJ).2qs\">(click link)<\/a><\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">Malaysia has signed free trade agreements?<\/td><td class=\"column-2\">Yes<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">Malaysia is a member of WIPO\/TRIPS?<\/td><td class=\"column-2\">Yes<\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\">Malaysia is a member of the ICSID?<\/td><td class=\"column-2\">Yes<\/td>\n<\/tr>\n<tr class=\"row-6\">\n\t<td class=\"column-1\">Average customs duties suffered?<\/td><td class=\"column-2\">8%<\/td>\n<\/tr>\n<tr class=\"row-7\">\n\t<td class=\"column-1\">Govt foreign investment approval required?<\/td><td class=\"column-2\">No<\/td>\n<\/tr>\n<tr class=\"row-8\">\n\t<td class=\"column-1\">Average monthly office rent? (US$\/sq m)<\/td><td class=\"column-2\">30<\/td>\n<\/tr>\n<tr class=\"row-9\">\n\t<td class=\"column-1\">Minimum statutory monthly salary?<\/td><td class=\"column-2\">MYR1,200 (~USD297)<\/td>\n<\/tr>\n<tr class=\"row-10\">\n\t<td class=\"column-1\">Average US$ salary for local skilled staff?<\/td><td class=\"column-2\">US$700<\/td>\n<\/tr>\n<tr class=\"row-11\">\n\t<td class=\"column-1\">US$ deposit interest rate (year average)?<\/td><td class=\"column-2\">3.43%<\/td>\n<\/tr>\n<tr class=\"row-12\">\n\t<td class=\"column-1\">Overseas remittance currency controls?<\/td><td class=\"column-2\">Yes<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-9 from cache --><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-043f27b elementor-widget elementor-widget-heading\" data-id=\"043f27b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Benefits and problems with doing business in Malaysia<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-48093407 #benefits-and-problems elementor-widget elementor-widget-n-accordion\" data-id=\"48093407\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;default_state&quot;:&quot;all_collapsed&quot;,&quot;max_items_expended&quot;:&quot;one&quot;,&quot;n_accordion_animation_duration&quot;:{&quot;unit&quot;:&quot;ms&quot;,&quot;size&quot;:400,&quot;sizes&quot;:[]}}\" data-widget_type=\"nested-accordion.default\">\n\t\t\t\t\t\t\t<div class=\"e-n-accordion\" aria-label=\"Accordion. Open links with Enter or Space, close with Escape, and navigate with Arrow Keys\">\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-1200\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"1\" tabindex=\"0\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-1200\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> Advantages with Malaysia company registration <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><i aria-hidden=\"true\" class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t<span class='e-closed'><i aria-hidden=\"true\" class=\"fas fa-plus\"><\/i><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-1200\" class=\"elementor-element elementor-element-2c0ddc7b e-con-full e-flex e-con e-child\" data-id=\"2c0ddc7b\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2efca819 elementor-widget elementor-widget-text-editor\" data-id=\"2efca819\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ul class=\"tick\"><li>Our multi-national Clients\u2019 are attracted to Malaysia for manufacturing because of:<ul><li>The country is a cost-competitive location within Southeast Asia, with an abundance of natural resources, including oil and rubber, timber and minerals and palm oil.<\/li><li>Through free ports Malaysian businesses can trade duty-free. Malaysia has over 500 industrial parks and 18 Free Industrial Zones (FIZs), offering exemption from customs to foreign enterprises.<\/li><li>The Approved Major Exporter Scheme allows traders and manufacturers full sales tax exemption on their import or purchase of goods. To qualify, annual sales must exceed RM10 million and at least 80% of their output must be exported.<\/li><li>Malaysia is a member of the World Intellectual Property Organisation (WIPO) and a signatory to the Paris and Berne Convention which govern intellectual property rights.<\/li><li>Pioneer Status incentive is an exemption from income tax on 70% of statutory income for a period of 5 years. Smaller manufacturing companies with paid-up capital below RM500,000 manufacturing high-tech products and other promoted goods, are eligible for\u00a0<a href=\"https:\/\/www.mida.gov.my\/setting-up-content\/incentives\/\" target=\"_blank\" rel=\"noopener nofollow\">Pioneer Status and Investment Tax Allowance<\/a>\u00a0incentives.<\/li><li>The Domestic Investment Strategic Fund is a matching grant designed to offer incentives to established companies within the manufacturing and services sectors, boasting a minimum of 60% Malaysian equity ownership. This fund supports and encourages reinvestments, encompassing activities such as expansion, modernisation, and diversification including initiatives like training, R&amp;D, outsourcing, international standards, and technology licensing or acquisition. The fund is accessible to businesses in priority sectors such as aerospace, food security, machinery and equipment, and services. For example, if you are investing in smart-manufacturing, RM245 million is available under the Domestic Investment Strategic Fund (DISF) to upscale facilities.<\/li><li>A company awarded the Malaysian Investment Tax Allowance (ITA) receives a 60% allowance on qualifying capital expenditure, including approved factory, plant, and machinery expenses incurred within five years from the initial qualifying expenditure date. This allowance can be offset against 70% of the company\u2019s statutory income for each assessment year. Any unused allowance can be carried forward to subsequent years until fully utilized. The remaining 30% of the statutory income is subject to taxation at 24. This incentive aims to encourage investment in capital assets and boost economic growth by providing tax relief on qualifying expenditure for eligible companies.<\/li><\/ul><\/li><li>Because of its strategic, central location and multilingual mix of Malay, Chinese populace, Malaysia is also emerging as a springboard for regional expansion within the Association of Southeast Asian Nations (ASEAN) because:<ul><li>Labour productivity in Malaysia is significantly higher than in neighbouring Thailand, Indonesia, the Philippines or Vietnam<\/li><li>The country has a network of trade deals with India, China, Asia-Pacific and East Asia to help you further expand your market. Malaysia has already established multiple bilateral and Free Trade Agreements (FTAs) with countries such as Australia, Chile, Japan and New Zealand.<\/li><li>The geographical position of Malaysia allows businesses quick access to Asian markets including Singapore, Thailand, Indonesia and Brunei. There are five international airports in Malaysia, with air cargo facilities and well-maintained highways. Next to one of the world\u2019s busiest shipping lanes (Straits of Malacca), providing access to the global supply chain via two key Malaysian ports, Klang and Tanjung Pelepas.<\/li><li>Malaysia is successful in becoming a major and cheaper alternative to its neighbour, Singapore. Office rental costs are also significantly higher in Singapore at US$71.43\/sq m per month. In Kuala Lumpur, the average rental cost is only around US$19.50\/sq m per month.<\/li><li>As a former British colony, English is widely spoken, especially in business. With nearly 70% of the population speaking English, all business and taxation related documents are available in English. The country\u2019s political structure and legal framework are largely based on British systems. The country\u2019s legal system provides protection and enforcement of contractual rights that create certainty for businesses.<\/li><li>Malaysia has two mega free-trade agreements, namely the Comprehensive and Progressive Agreement for Pacific Partnership (CPTPP) and the Regional Comprehensive Economic Partnership (RCEP) agreement.<\/li><li>After India and China, Malaysia is the third best destination in the world for outsourcing and offshoring, according to the Global Services Location Index from A.T. Kearney. To date the country has attracted more than 5,000 overseas companies from more than 40 countries to establish their operations in Malaysia.<\/li><\/ul><\/li><li>Digitalisation remains a top priority for the Malaysian Government. In the coming decade, Digital technology is expected to be the new driver for the country\u2019s economy, and its contribution is projected to reach 22.6% of GDP by 2025. Its five-year plan is targeting RM 50 billion of investments in the digital economy and attracting 50 Fortune 500 tech companies to land and expand in Malaysia by 2025.<ul><li>The Malaysia Digital Economy Blueprint (Blueprint) and established MyDIGITAL, demonstrating the government aspirations to successfully transform Malaysia into a digitally-driven, high income nation and a regional leader in the digital economy. Several global IT businesses have outsourced their production processes to Malaysia because of its advantageous location. Examples of international businesses operating in Malaysia are IBM, Intel, Google, and others.<\/li><li>Through the Malaysia Digital Economy Corporation (MDEC), the government is focusing on initiatives to develop capabilities around emerging technologies such as\u00a0<span class=\"yellow-roman\">i)<\/span>\u00a0Big Data Analytics (BDA) and\u00a0<span class=\"yellow-roman\">ii)<\/span>\u00a0Artificial Intelligence and\u00a0<span class=\"yellow-roman\">iii)<\/span>\u00a0financial technology and\u00a0<span class=\"yellow-roman\">iv)<\/span>\u00a0data centres and cloud services\u00a0<span class=\"yellow-roman\">v)<\/span>\u00a0and robotics. Two digital initiatives introduced by MDEC include MyDigitalWorkForce Work In Tech (MYWiT) \u2013 RM100 million training and hiring incentive programme to upskill and subsidise talents and businesses and the Digital Investment Office (DIO) \u2013 a fully-digital collaborative platform to coordinate and facilitate all digital investments.<\/li><li>The\u00a0<a href=\"https:\/\/www.cradle.com.my\/\" target=\"_blank\" rel=\"noopener nofollow\">Cradle Investment Programme 300 (CIP300)<\/a>\u00a0targets aspiring entrepreneurs in sectors such as ICT and other technology fields. This program offers up to RM 300,000 to these startups looking to develop and promote their innovative services. Since 2003, the program assisted more than 900 startup businesses.<\/li><li>The\u00a0<a href=\"https:\/\/www.mtdc.com.my\/\" target=\"_blank\" rel=\"noopener nofollow\">Technology Acquisition Fund (TAF)<\/a>\u00a0is a hybrid grant and loan scheme that assists eligible Malaysian companies procure foreign technologies and integrating them into their existing business and manufacturing activities. This applies to businesses in the priority technology clusters identified by MOSTI, such as aerospace, medical devices, pharmaceuticals, advanced electronics, and renewable energy.<\/li><\/ul><\/li><li>Specific incentives are introduced to attract investment into food projects, both at farm level as well as at production\/processing level. These will enhance the supply of raw material for the food processing sector, thus reducing reliance on imports of such raw materials. A company which invests in its subsidiary company engaged in food production activities, can be considered for tax deduction equivalent to the amount of investment made in that subsidiary for that year of assessment. The subsidiary company undertaking food production activities can be considered for full tax exemption on its statutory income for 10 years of assessment for new project or 5 years of assessment for expansion projects.<\/li><li>To attract Biotechnology companies, the Malaysian Government offers:<ul><li>An exemption of 100% statutory income derived from a new business or an expansion project that is equivalent to an allowance of 100% qualifying capital expenditure incurred for 5 years.<\/li><li>A concessionary tax rate of 20% on statutory income from qualifying activities for 10 years upon expiry of tax exemption period; and<\/li><li>Exemption from import duty and sales tax on raw materials\/components\/machineries\/equipment.<\/li><li>Double deduction on expenditure incurred for\u00a0<span class=\"yellow-roman\">i)<\/span>\u00a0R&amp;D and\u00a0<span class=\"yellow-roman\">ii)<\/span>\u00a0and promotion of exports.<\/li><\/ul><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-1201\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"2\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-1201\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> Problems with Malaysia company registration <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><i aria-hidden=\"true\" class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t<span class='e-closed'><i aria-hidden=\"true\" class=\"fas fa-plus\"><\/i><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-1201\" class=\"elementor-element elementor-element-4ee2619 e-con-full e-flex e-con e-child\" data-id=\"4ee2619\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-ab6f16f elementor-widget elementor-widget-text-editor\" data-id=\"ab6f16f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ol><li>During Malaysian company registration, multi-national Clients\u2019 experience some challenges including:<\/li><\/ol><ul><li style=\"list-style-type: none;\"><ol class=\"cross\"><li style=\"list-style-type: none;\"><ul><li>Opening a multi-currency corporate bank account is difficult and slow, requiring the bank signatory to travel to Malaysia.<\/li><li>The Malaysian corporate income tax rate is 24%, one of Asia\u2019s highest tax rates.<\/li><li>The Foreign Exchange Administration Rules place some restrictions on the repatriation of a foreign currencies including capital, profits, dividends and interest.<\/li><li>It is likely our client will need a high paid-up share capital is required. For example, a locally owned company venturing into wholesale business can obtain a Wholesale, Retail, and Trade (WRT) license with a paid-up capital of MYR 250,000. By contrast, a 100% foreign-owned company seeking the same license must have a MYR 1,000,000 paid-up capital. To employ expatriate Staff, the minimum paid-up share capital is US$ 210,000.<\/li><li>Before legally operating your business in Malaysia, it is important to secure multiple Government business license including\u00a0<span class=\"yellow-roman\">i)<\/span>\u00a0general licenses and\u00a0<span class=\"yellow-roman\">ii)<\/span>\u00a0industry\/sector-specific licenses and\u00a0<span class=\"yellow-roman\">iii)<\/span>\u00a0activity-specific licenses. Check out the\u00a0<a href=\"https:\/\/malaysiabiz.gov.my\/en\/services\/business-licensing\" target=\"_blank\" rel=\"noopener nofollow\">MalaysiaBiz portal<\/a>\u00a0for suggestions re the specific business licences needed. As a condition of license approval, it is often necessary to appoint a Malaysian resident director or a Bumiputera shareholder.<\/li><\/ul><\/li><li>Depending on the industry and the entity, there are limits on the foreign investment in certain sectors including the need for minimum ownership by certain indigenous ethnic groups in Malaysia, known as Bumiputera ownership. These limits on equity ownership limits may be imposed as a condition to obtaining licences in the relevant sectors. For example, a 50% Malaysian ownership is required of companies operating in specific sectors including\u00a0<span class=\"yellow-roman\">i)<\/span>\u00a0agriculture and\u00a0<span class=\"yellow-roman\">ii)<\/span>\u00a0education and\u00a0<span class=\"yellow-roman\">iii)<\/span>\u00a0telecommunications and\u00a0<span class=\"yellow-roman\">iv)<\/span>\u00a0financial services and\u00a0<span class=\"yellow-roman\">v)<\/span>\u00a0and oil and gas and\u00a0<span class=\"yellow-roman\">vi)<\/span>\u00a0architectural and engineering services and\u00a0<span class=\"yellow-roman\">vii)<\/span>\u00a0employment agencies and\u00a0<span class=\"yellow-roman\">viii)<\/span>\u00a0security services and\u00a0<span class=\"yellow-roman\">ix)<\/span>\u00a0freight forwarding and logistics services and\u00a0<span class=\"yellow-roman\">x)<\/span>\u00a0Power and electrical producers.<\/li><li>Despite efforts by the Malaysian government to tackle it, bribery and unethical practices persist. Corruption in the Malaysian judiciary carries a medium risk for our multi-national Clients\u2019. Bribes and irregular payments are sometimes exchanged in return for obtaining favourable court decisions. Corruption is a problem in Malaysia, and it can be a barrier to doing business in the country.<\/li><li>Our multi-national Clients\u2019 face challenges managing their Malaysian workforce because:<ul><li>Compared to other OECD countries, employee\u00a0<a href=\"https:\/\/ilostat.ilo.org\/topics\/labour-productivity\/\" target=\"_blank\" rel=\"noopener nofollow\">productivity<\/a>\u00a0is low because of\u00a0<span class=\"yellow-roman\">i)<\/span>\u00a0the shortage of skilled and talented manpower and\u00a0<span class=\"yellow-roman\">ii)<\/span>\u00a0low adoption of technologies and\u00a0<span class=\"yellow-roman\">iii)<\/span>\u00a0the professional mindset of employees and\u00a0<span class=\"yellow-roman\">iv)<\/span>\u00a0lack managerial and technical expertise. For example, only 27% of the labor force has tertiary education.<\/li><li>Securing employment visas for expatriate Staff is difficult. The visa application process is long, taking between six months and one year. Companies that intend to hire expatriates are required to advertise job vacancies via the JobsMalaysia Portal for one month. Only companies that are unable to find suitable local candidates after the 30-day period may proceed with their application to hire expatriates. Malaysia\u2019s new government plans to reduce the country\u2019s dependency on foreign workers.<\/li><li>It can be difficult to dismiss employees in Malaysia. It is common for employees to approach the Industrial Courts claiming unfair dismissal. The burden is on the employer to prove that the dismissal was with just cause. If an employee is dismissed without just cause, he can seek either\u00a0<span class=\"yellow-roman\">i)<\/span>\u00a0reinstatement and back wages and\u00a0<span class=\"yellow-roman\">ii)<\/span>\u00a0back wages plus compensation in lieu of reinstatement of one month\u2019s salary for each year of service.<\/li><li>Because of full employment in Malaysia, employee retention among SME\u2019s is the biggest challenge for small businesses.<\/li><\/ul><\/li><\/ol><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2e487fd elementor-widget elementor-widget-html\" data-id=\"2e487fd\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t\t\r\n<style>\r\n\r\n.uk-company-widget * {\r\nbox-sizing: border-box !important;\r\n}\r\n\r\n\/* CTA Section *\/\r\n.uk-cta {\r\npadding: 40px !important;\r\nborder-radius: 10px !important;\r\nbackground: linear-gradient(135deg, #1a4b5c 0%, #2c6e7f 100%) !important;\r\ncolor: #fff !important;\r\ntext-align: center !important;\r\nfont-size: 20px !important;\r\nfont-weight: bold !important;\r\nmargin: 30px 0 !important;\r\nbox-shadow: 0 5px 15px rgba(0,0,0,0.1) !important;\r\n}\r\n\r\n\/* Buttons *\/\r\n.uk-btn {\r\ndisplay: inline-block !important;\r\npadding: 10px 20px !important;\r\nborder-radius: 6px !important;\r\nfont-weight: bold !important;\r\nborder: none !important;\r\ncursor: pointer !important;\r\ntransition: all 0.3s ease !important;\r\ntext-decoration: none !important;\r\nfont-size: 14px !important;\r\n}\r\n\r\n.uk-btn-gradient {\r\nbackground: linear-gradient(135deg, #1a4b5c 0%, #2c6e7f 100%) !important;\r\ncolor: #fff !important;\r\n}\r\n\r\n.uk-btn-gradient:hover {\r\nopacity: 0.9 !important;\r\n}\r\n\r\n\/* Contact Section *\/\r\n.uk-contact {\r\nborder: 1px solid #e2e8f0 !important;\r\nborder-radius: 8px !important;\r\nbackground: #f1f5f9 !important;\r\npadding: 20px !important;\r\nmargin: 20px 0 0 0 !important;\r\n}\r\n\r\n.uk-contact h4 {\r\nmargin: 0 0 10px 0 !important;\r\ncolor: #1a4b5c !important;\r\nfont-size: 16px !important;\r\n}\r\n\r\n.uk-contact p {\r\nmargin: 0 0 15px 0 !important;\r\ncolor: #475569 !important;\r\n}\r\n\r\n.uk-person {\r\ndisplay: flex !important;\r\nalign-items: center !important;\r\ngap: 15px !important;\r\n}\r\n\r\n.uk-person img {\r\nwidth: 60px !important;\r\nheight: 60px !important;\r\nborder-radius: 50% !important;\r\nflex-shrink: 0 !important;\r\n}\r\n\r\n.uk-person strong {\r\ncolor: #1a4b5c !important;\r\nfont-size: 16px !important;\r\n}\r\n\r\n\/* Responsive Design *\/\r\n@media (max-width: 480px) {\r\n.uk-cta {\r\npadding: 30px 20px !important;\r\nfont-size: 18px !important;\r\n}\r\n}\r\n\r\n<\/style>\r\n<\/head>\r\n<body>\r\n\r\n\r\n\r\n\r\n\r\n\r\n<!-- CTA -->\r\n<div id=\"uk-cta-section\" class=\"uk-cta\">\r\nRegister your company now! <br>\r\nCLA Group has the solution to help you grow.\r\n<\/div>\r\n\r\n<!-- Contact -->\r\n<div class=\"uk-contact\">\r\n<h4>Contact us<\/h4>\r\n<p>For more info on company registration, please contact our expert directly:<\/p>\r\n<div class=\"uk-person\">\r\n\r\n<div>\r\n<strong>Mr. Petar Chakarov<\/strong><br>\r\nSenior Manager, Sales & Business Development<br>\r\n<a href=\"https:\/\/cla.global\/free-consultation\/\" class=\"uk-btn uk-btn-gradient\">\r\n\r\nGet in touch\r\n\r\n<\/a>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n\r\n\r\n\r\n<\/body>\r\n<\/html>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-a5da09d e-flex e-con-boxed e-con e-parent\" data-id=\"a5da09d\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>CLA assists multi-national Clients\u2019 with business set up in every country on the planet.<\/p>\n<p>For transparency purposes and to help multi-national Clients\u2019 budget future engagement fees, this page outlines average total engagement fees for every country on the planet.<\/p>\n<p>Click on the regional headings to see fees for every jurisdiction around the world.<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-989066","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/cla.global\/malaysia-company-registration\/wp-json\/wp\/v2\/pages\/989066","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cla.global\/malaysia-company-registration\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/cla.global\/malaysia-company-registration\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/cla.global\/malaysia-company-registration\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cla.global\/malaysia-company-registration\/wp-json\/wp\/v2\/comments?post=989066"}],"version-history":[{"count":58,"href":"https:\/\/cla.global\/malaysia-company-registration\/wp-json\/wp\/v2\/pages\/989066\/revisions"}],"predecessor-version":[{"id":990100,"href":"https:\/\/cla.global\/malaysia-company-registration\/wp-json\/wp\/v2\/pages\/989066\/revisions\/990100"}],"wp:attachment":[{"href":"https:\/\/cla.global\/malaysia-company-registration\/wp-json\/wp\/v2\/media?parent=989066"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}