COMPANY INCORPORATION IN MALAYSIA
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- Category: Malaysia News
Sole Proprietorship | Partnership | Limited Liability Partnership | Limited Liability Company (Sdn Bhd) |
Owned by 1 individual | Jointly owned by 2 – 20 individuals | Owned by at least 2 individuals | Owned by 1 – 50 shareholder(s) The ownership is transferable |
Liability extend to owner’s personal assets | Liability extend to each member’s personal assets | Members’ personal assets are protected from liabilities | Liabilities borne by director or shareholder are to the extent of unpaid shares only |
Less paperwork and less additional legal formalities (compare to LLP and Sdn Bhd) | Less paperwork and less additional legal formalities (compare to LLP and Sdn Bhd) | Must lodge annual declaration and solvency statement with SSM | Must file Annual Return and Financial Statement every calendar year |
No need to be audited | No need to be audited | Not compulsory to be audited | Need to be audited |
The business will be terminated if the owner died | The business continuity will be affected if one of the partners died | The company will exist even if the partner passed away | The company will exist even if the key director/ shareholder passed away |
Cannot enjoy the preferential tax rate given for small companies | Cannot enjoy the preferential tax rate given for small companies | Preferential tax treatment on first RM500,000 of chargeable income | First RM500,000 : 17% Subsequent : 24% * If Paid Up Capital less than RM2.5 Million |
Anyone doing business in Malaysia should register either in the form of Enterprise or Company with SSM not later than thirty (30) days from the date of commencement of business.
There is two (2) common forms of Enterprise and two (2) common forms of Company which are Sole Proprietor and Partnership as well as Limited Liability Partnership (LLP) and Private Limited Liability Company (Sdn Bhd).
The pictures above show the major different between each form of enterprise or company as well as the advantages and disadvantages for a SDN BHD.
For more information, you may refer to http://www.ssm.com.my/Pages/Home.aspx.
We do provide the service for incorporating a Company in Malaysia. Kindly refer to https://www.ycsaccounting.com.sg/our-services/malaysia/corporate-secretarial for details information. Please feel free to contact us at +607 – 225 4911 should you need more clarifications. Or you can just click HERE to contact us.
MALAYSIA NATIONAL DAY AND AWAL MUHARRAM
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- Category: Malaysia News
On behalf of the management and staff of YCS, we wish Malaysia a Happy Birthday.
In addition, in conjunction with Awal Muharram is falled on 01/09/2019 (Sunday), our Malaysia office will be closed on the following Monday (02/09/2019).
Business in Singapore will be conducted as usual while Malaysia business shall be resumed on 03/09/2019 (Tuesday).
Amarhum Sultan Iskandar Hol Day
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- Category: Malaysia News
Please be informed that in conjunction with Amarhum Sultan Iskandar Hol Day, our JB office will be closed on coming Monday (15th Oct 2018). Our service will be resumed on Tuesday (16th Oct 2018).
Awal Muharram 2017
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- Category: Malaysia News
On behalf of the management and staff of YCS, we wish all Muslims Selamat Menyambut Awal Muharram!
** Our Office in Malaysia will be closed on 22nd September (Friday) for this Public Holiday **
~ Awal Muharram is celebrated by Muslims as the day symbolizes two important events in the Muslim year.
~ Awal means beginning in English and Muharram is the name of the first month in the Muslim calendar. The day also coincides with the Prophet Muhammad's journey from Mecca to Medina on the first of Muharram in 622AD.
Public Holiday on 4th Sept 2017 (Mon)
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- Category: Malaysia News
Pleased be informed that our Malaysia office will be closed on 4th Sept (Mon), following Malaysia's outstanding performance at the 29th SEA Games.
The Prime Minister, Datuk Seri Najib Tun Razak declared the national public holiday at the closing ceremony which was held at the National Stadium in Bukit Jalil.
Our business will resume as usual on 5th Sept (Tue). We apologise for any inconvenience caused.
