What is the taxable period for Malaysia
The Malaysian Tax Year is the calendar year; 1 Jan to 31 December.
How can a foreigner needing to pay tax in Malaysia but has been a resident for fewer than 182 days be conferred resident status?
As set out in the Income Tax Act, certain other criteria such as the below may confer resident status on a foreign employee: The taxpayer has been resident for fewer than 182 [...]
Why is the appointment of a Director and a Shareholder important during a company registration?
The Director and the Shareholder are responsible for the signing of the company’s Statutory Declaration for a company to be registered. Without their signatures, the company cannot be registered. [...]
Can a shareholder double up as a director?
Yes. A shareholder can also serve as a director. However, their legal roles are not the same. A director runs the daily company activities while a shareholder is an owner. Where a [...]
Do shareholders in Local Companies with foreign shareholders have rights in Malaysia?
Yes, they do. Just like local shareholders, foreign shareholders in Malaysia have rights for example in receiving equal shares and equal surplus asset distribution.
Can foreign shareholders be held responsible for the liabilities of a company?
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. [...]
What is the difference in the setup of subsidiary and branch in Malaysia in terms of the appointment of officers?
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. [...]
What are the usual considerations to determine suitability when deciding to open a subsidiary or a branch in Malaysia?
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 [...]
What are the foreign company registration fees payable to the Companies Commission of Malaysia (SSM)?
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 [...]
What is the name search and approval process during the registration for foreign companies?
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 [...]