What is a ‘beneficial owner’ for tax purposes?
A beneficial owner is an individual who ultimately owns or controls more than 25% of a company's shares or voting rights, or who otherwise exercises control over the company or its management. [...]
Under the Double Taxation Agreement, is there a limit to the credit tax granted against similar local tax?
The credit provided shall not exceed the local country’s tax as computed before the credit is given. Simply put, the credit will not exceed the local taxes; otherwise, it would result in a net negative [...]
Can a Double Taxation Agreement or Double Tax Treaty impose tax?
No, a Double Taxation Avoidance Agreement, DTA (also called a Double Tax Treaty, DTT) cannot impose tax, and therefore if you are looking at whether relief is due or not, the starting point [...]
The Double Tax Treaty is an avoidance of double taxation agreement between whom and what is its purpose?
A Double Tax Treaty is an agreement between governments and not states or counties or provinces with the purpose of avoidance of double taxation and prevention of fiscal evasion with respect to taxes [...]
What is the most important element I should know about digital marketing?
One thing you should focus on digital marketing is your content. Content is the king, if you have the right content, you can reach out to more potential customers, which can [...]
Do I need a company secretary if I want to register a Sdn Bhd?
Yes, you need to appoint a company secretary within a month (30 days) of the incorporation of your Sdn Bhd as per Section 236 of the Companies Act 2016.
Why should I register a company in Malaysia instead of Singapore?
You should start a business in Malaysia because the start-up costs, employees’ minimum salary, and office rental rates are low as compared to Singapore. Besides, there is no restriction upon repatriation of capital, dividends, profits, and royalties for all Malaysian corporations. You don’t have [...]
Can foreigners incorporate and fully own a company in Malaysia?
Yes, foreigners can incorporate and fully own a Malaysian Sdn Bhd. However, according to the Malaysian Companies Act of 2016, your company must have at least 1 director residing in Malaysia.
What are the names that I should avoid for my trade name?
You should avoid any of these followings: An undesirable name Names in connection with members of the royal family. These include names that contain the word king, royal, prince, crown, queen, princess, [...]
Is it wise to start a business in a recession?
You can still start a small business during a recession. Many small businesses thrive in a recession when they tackle the right market with the right products. If you have no clue what business to start during the economic downturn, you are welcome to [...]