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Business Startup Services in Malaysia

Many of Healy Consultants' clients starting a company in Malaysia hope to reap the rewards of business in this established market. Our transparent, logical engagement procedure ensures starting a business in Malaysia is done efficiently.

1. When starting a business in Malaysia, note that the country has signed double taxation treaties with several countries, offering tax exemptions to entrepreneurs. A Malaysian company accesses double taxation treaties with almost 50 countries, including the world’s leading economies. For more information kindly visit the Inland Revenue Board of Malaysia.

2. Those starting a company in Malaysia should note that it offers ideal corporate banking facilities, including a multi-currency business bank account supported by internet banking, with leading international banks such as HSBC, Standard Chartered and Citibank;

3. When starting a business in Malaysia, note that a Malaysia company is the perfect gateway into Asia.

4. Despite the obvious potential of Malaysia, investors starting a company in Malaysia should be aware of the following challenges, including:

• A Malaysian company pays 28% corporate profits tax on all income. Furthermore, a Malaysian company is subject to a withholding tax of up to 20%. Following Malaysia company formation, annual audited financial statements and a tax return are submitted to the Malaysian authorities. Every Malaysian company is required to appoint an auditor approved under the Malaysia Companies Act.
• Malaysia company formation is difficult for foreign investors, who are required to apply for Foreign Investment Committee approval when taking a Malaysian company shareholding exceeding 30%. As such, Malaysia is perceived negatively as the world’s 58th freest economy in the Heritage Foundation’s 2009 Index of Economic Freedom.
• A minimum of two directors and two shareholders is required with Malaysia company formation. The directors must be resident in Malaysia. A register of directors is available for public inspection following Malaysia company formation.

5. Healy Consultants offers a wide range of services for clients planning on starting a business in Malaysia. These include but are not limited to:

• Market research and feasibility study prior to starting company in Malaysia;
• Attending to corporate and personal tax registration after starting a business in Malaysia;
• Assistance in finding office space and staff recruitment after starting a business in Malaysia;
• Opening of bank accounts in local and foreign currencies after starting a company in Malaysia;
• Book keeping and audit of accounts; and
• Virtual office services, including mail collection and forwarding services in Malaysia, an e-mail address and website, and a telephone and fax number in Malaysia to support investors who are starting a business in Malaysia.

6. The process for starting a company in Malaysia is straightforward with Healy Consultants. Our transparent, logical engagement procedures ensure an efficient set up for those starting a business in Malaysia. Engagement procedures for starting a company in Malaysia typically evolve as follows:

• Our client settles our fees and signs Healy Consultants engagement letter;
• Our clients starting a business in Malaysia are provided, by Healy Consultants, with a detailed engagement plan. This roadmap for the upcoming engagement helps minimise unwanted surprises and greater success in meeting client expectations;
• Healy Consultants legally incorporates the Malaysian company, with the correct corporate structure. See company registration procedures for further details;
• Healy Consultants completes corporate bank account opening, including world-class multi-currency internet banking facilities, for our client requiring business startup services in Malaysia;
• Our clients starting a company in Malaysia are provided with a local business address in Malaysia for invoicing purposes, together with telephone, fax and email support;
• Healy Consultants assists our client with business website building, search engine advertising, as well as stationary and logo design;
• Healy Consultants assists our client starting a company in Malaysia to obtain corporate finance, trade finance and to open merchant accounts;
• Healy Consultants assists our clients starting a business in Malaysia to locate business premises and recruit local staff;
• After the engagement is completed, Healy Consultants e-mails an engagement feedback survey to our client.

Contact Us

For more information on business startup services in Malaysia, email or telephone us at (+65) 6735 0120.

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