Do I have to register via the Expatriate Services Division (ESD) or Immigration Office Malaysia?
For expatriate employment passes and work visas, you need to obtain approval through ESD before applying for passes at the immigration office.
Is accounting necessary?
All companies are required to comply with keeping accounting records and preparing financial statements in compliance with approved accounting standards before lodging it with the Companies Commission of Malaysia (SSM).
How often do I need to do my accounting?
Depending on your volume of activity, some companies do daily, weekly, monthly or even yearly accounting. As long come the company’s financial year end, there is reasonable accuracy achieved in compiling accounts [...]
Is there an accounting standard to follow in Malaysia?
Companies in Malaysia must follow the Malaysian Financial Reporting Standards (MRFS) framework that was introduced by the Malaysian Accounting Standards Board (MASB).
When do I need to conduct an audit?
You should start after your financial year end. The deadline for filing of your annual returns with audited financial statements is within 18 months from the date of incorporation and 6 months [...]
How long does an Audit usually take?
Depending on volume and complexity of transactions, an audit can take a few weeks for SMEs or months in complex cases.
What are the required documents for Audit?
All accounting records and Financial statements in XBRL format of reporting based on the Malaysian Financial Reporting Standards (MFRS) and Malaysian Private Entities Reporting Standards issued by MASB under the Financial Reporting [...]
How long does it take to setup a Holding Company in Malaysia
As long as all documents are in order and all legal requirements are met, the incorporation process should take between one to two weeks.
Does a Labuan Company require a director who is ordinarily resident in Malaysia?
No, a Labuan Company does not require a director who is ordinarily resident in Malaysia
Can a foreigner who is not a resident of Malaysia form a company as a sole director and shareholder?
Generally, no. For a foreigner to be a sole director and shareholder, the foreigner will need be ordinarily resident in Malaysia. That means the foreigner must have the right to reside in [...]