Top 5 Accounting Problems Faced by SMEs in Malaysia and How to Overcome Them Small and Medium Enterprises (SMEs) in Malaysia are the backbone of the economy, contributing significantly to employment and GDP. However, they often face numerous accounting challenges that can hinder their growth and operational efficiency. Here are the common accounting problems faced […]
Step-by-Step Guide: How to Close down or Wind Up a Sdn Bhd Company in Malaysia Winding up a company involves the complex process of dissolving the business, which includes terminating operations and liquidating assets to pay off creditors. The winding up process can be categorized into Compulsory Winding Up and Voluntary Winding Up. Compulsory Winding […]
Registering a Sdn. Bhd. Company in Malaysia: A Comprehensive Guide for Foreign Entrepreneurs Malaysia is a prime destination for foreign businesses, thanks to its welcoming stance on foreign shareholding. This guide will walk you through the process of registering a Sdn. Bhd. company in Malaysia, covering the role of SSM Malaysia, the types of business […]
Comprehensive Guide to Bookkeeping and Accounting Services in Malaysia Are the Generally Offered Bookkeeping Services in Malaysia? Bookkeeping services in Malaysia typically include: Monthly, Quarterly, and Yearly Bookkeeping Services: Regularly maintaining financial records to ensure accuracy and consistency. Statutory Reporting on Financial Statements: Preparing required financial statements for compliance with local regulations. Bank Account Reconciliation: […]
Expert Accounting and Bookkeeping Services in Malaysia Managing your business’s accounting and bookkeeping can be tedious and time-consuming. At Consistant Info, we offer professional, comprehensive accounting and bookkeeping solutions for Malaysian businesses (Sdn. Bhd Company, enterprise or limited liability partnership), both onsite and offsite. Our services provide you with a dedicated bookkeeper and manager to […]
Hiring vs. Outsourcing Company Secretarial Services in Malaysia: A Comprehensive Guide In Malaysia, the requirement for companies to have a company secretary is not just a legal obligation but also a strategic move towards efficient business operations. The decision between hiring an in-house company secretary or outsourcing to professional secretarial services can significantly impact a […]
Display Your Sdn. Bhd. Company Name and Number on Your Website Under the Malaysian Companies Act 2016, Section 30(2)(b) mandates that registered companies must prominently display their full legal name and current registration number on their websites and social media platforms. Failing to meet this requirement can result in severe penalties from the Companies Commission […]
What are the frequently asked questions (FAQS) on setting up Sdn. Bhd. Company In Malaysia in year 2024? Q11: Can I incorporate a Sendirian Berhad (Sdn. Bhd.) in Malaysia without having its director reside in Malaysia? A11: Unfortunately, no. According to the Companies Act 2016,there must be at least one (1) director who ordinarily residesin […]
6 Essential Steps for Malaysian Company Incorporation Starting a company in Malaysia involves several critical steps to ensure compliance and smooth operation. Here’s a streamlined guide to incorporating your business in Malaysia: 1. Conduct a Name Search The first step in incorporating your business is conducting a name search with the Companies Commission of Malaysia […]
10 FAQs On Sdn. Bhd. Company Incorporation In Malaysia in year 2024 Q1:Who can incorporate a Sendirian Berhad (Sdn. Bhd.) ? A1: To incorporate a Sendirian Berhad (Sdn. Bhd.), you need to be at least 18 years old, reside in Malaysia, and are not disqualified under Section 198 of the Companies Act 2016. If you […]
Comprehensive Company Secretarial Services in Malaysia At Consistant Info, we provide a full suite of company secretarial services in Malaysia. Our offerings range from company registration and provision of a registered office to routine secretarial maintenance, advisory and restructuring services, and assistance during board meetings. The role of a company secretary is crucial for any […]
10 Deadlines in the month of May 2024 for Malaysian Companies In May 2024, Malaysian companies face crucial deadlines for tax compliance and employee benefits. Adhering to these deadlines is essential for maintaining regulatory compliance and smooth business operations. Here are the key deadlines to remember: May 15, 2024: PCB (April Salary): Ensure prompt processing […]