The cost of living in Malaysia is fairly low compared those of most other countries as well. The prices of commodities are low and accommodation is cheap. This gives one an [...]
In many businesses in Malaysia, the same people often serve as the shareholders, directors, and employees of the company at the same time. These frequent instances of overlap often lead to confusion regarding the decisions to be made by shareholders and directors make. For this reason, almost [...]
According to the Companies Act, shareholders are provided with the privilege to request the holding of a general meeting. During this general meeting, they submit their proposals for resolutions. Usually, general meetings [...]
The extent to which a company resolution can be amended depends on the type of resolution which is involved. Special and ordinary resolutions are to be changed in different ways. A special [...]
Resident and non-resident companies alike are taxed only on income accrued in Malaysia. They can further reduce the amount which they are to pay in taxes by using the tax exemptions and reductions for which they are [...]
Malaysia’s corporate tax rate of 24% applies to all businesses which are operating in the country. The tax rate makes no differentiations between business owners. Therefore, locally-owned and foreign-owned businesses in Malaysia are not taxed differently.
In most of the countries of the world, the corporate tax rates are higher than those of Malaysia. For example, in China, India, and Pakistan, the corporate tax rate stands at 25%, [...]
Compliance officers are defined as people who are tasked with ensuring the legal and regulatory compliance of an LLP. In Malaysia, LLPs are not required to appoint compliance officers; however, such a [...]
Malaysian company laws state that an LLP must have at least two owners. However, there is no mention made about the maximum number of owners which an LLP may have. This [...]
Ever since its introduction, there have not been any mentions of any possible amendments to the Limited Liability Partnership Act 2012. There have also not been any mentions of the possibility that [...]
