How to Convert a Limited Liability Partnership (LLP) to Sdn. Bhd. in Malaysia: A Step-by-Step Guide In Malaysia, the Limited Liability Partnership (LLP) structure offers flexibility and limited liability protection, making it a popular choice for small and medium-sized businesses. However, as businesses grow, many owners consider converting their LLP to a Private Limited Company […]
Why You Need a Tax Consultant in Malaysia? Navigating the complex landscape of tax regulations in Malaysia can be daunting for both individuals and businesses. As the country continues to develop its tax system, staying compliant while optimizing tax liabilities has become increasingly challenging. This is where the expertise of a professional tax consultant in […]
A Comprehensive Guide to Company Incorporation in Malaysia Malaysia is a thriving hub for business opportunities, attracting entrepreneurs from around the globe. Whether you’re a local entrepreneur or an international investor, understanding the process of company incorporation in Malaysia is crucial for establishing a successful business. This guide, brought to you by Consistant Info, will […]
Tax Deduction for Secretarial and Tax Filing Fees Effective from Year of Assessment (YA) 2022 Tax Consideration Treatment of Fees Incurred Before YA 2020: Fees incurred before YA 2020 that have not been paid and for which tax deductions have not been claimed are no longer deductible from YA 2022 onwards. Treatment of Fees Incurred […]
Differences Between Enterprise and Sdn Bhd for Business Owners in Malaysia A common dilemma for entrepreneurs in Malaysia is whether to register their business as an enterprise or to incorporate it as a Sdn Bhd (Sendirian Berhad). Many start with an enterprise and later transition to a Sdn Bhd as their business grows. If you’re […]
SSM Registration Malaysia: An In-Depth Guide for New Businesses In Malaysia, it’s mandatory for all businesses to register with the Companies Commission of Malaysia, known as Suruhanjaya Syarikat Malaysia (SSM). This process not only legitimizes the business but also ensures adherence to local regulations. It is crucial for entering into contracts with banks, government agencies, […]
5 Types of Company Incorporation in Malaysia Incorporating a company in Malaysia involves a structured process overseen by the Suruhanjaya Syarikat Malaysia (SSM), also known as the Companies Commission of Malaysia. This guide outlines the steps and options for setting up a business entity in Malaysia, ensuring clarity and compliance with local regulations. Incorporation Options […]
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 […]