Yes. Shareholders may not be direct managers of the company where their shares are, but they are held responsible for the number of unpaid shares. They share the liabilities of the company. [...]
Subsidiary Company Setup: Must appoint at least one resident director to set up the Company. Branch Office: Must appoint at least one resident agent to set up the Branch. [...]
For simpler or more direct business activities that need to be the same as that of the parent company, a branch may be a more advantageous choice for obvious reasons that it’s [...]
Share Capital Fees Not more than RM1million RM5,000 Exceeds RM1million but not exceeding RM10million RM20,000 Exceeds RM10million but not exceeding RM50million RM40,000 Exceeds RM50million but not exceeding RM100million RM60,000 Exceeds RM100million [...]
The company name should be submitted through the Companies Commission of Malaysia (SSM) online system with a fee of RM50. Once approved, it will be reserved for 30 days from the approval [...]
While opening a branch is administratively easier, faster and less costly to set up, it may not enjoy some of the benefits presented by a subsidiary company. The choice may depend on [...]
The employee’s salary may be withheld by the former employer. When this happens, the expatriate may miss out on important dates like flight departure date, which in turn may inconvenience the next [...]
An expatriate may qualify for tax exemptions if his/her employment period is less than 60 days (about 2 months) or if he/she is not a tax resident in Malaysia. As an [...]
The income tax is the tax to be cleared. The Malaysian government mandates all who work in Malaysia whether local or expatriates to have their income taxed, even so, there are [...]
As the beneficiary, you should inform the benefactor’s employer of this eventuality. The employer will then inform the Malaysian Inland Revenue Department which is the custodian of the taxpayer’s file. [...]
