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 […]
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: […]
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 […]
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 […]
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 […]
E-BOS System and Reporting Timelines Under Malaysia’s Companies Act 2016 As of April 1, 2024, amendments to the Companies Act 2016 (CA 2016) through the Companies (Amendment) Act 2024 have come into effect. These changes introduce significant updates to beneficial ownership reporting, implemented by the Companies Commission of Malaysia (CCM). With the launch of the […]
What is an Investment Holding Company (IHC)? What is an Investment Holding Company (IHC)? An Investment Holding Company (IHC) is a legal entity created to hold assets, such as property. Acting as a separate legal body from the individuals involved, an IHC manages investment assets, handles liability of debts, facilitates loan applications, and manages taxation […]