Friday, January 13, 2012

Overview of Ongoing Compliance Requirements for Companies in Malaysia

In Malaysia, there is an uncompromising requirement that a company must follow the ongoing compliance requirement and meet all the regulations laid down by The Companies Commission of Malaysia, or the Suruhanjaya Syarikat Malaysia [SSM]. Let’s have a look at what rules a company is required to follow in Malaysia.

Thursday, January 12, 2012

Why Investing in the Services Sector in Malaysia could be beneficial

Foreign direct investment in Malaysia has been rising for several years now. The Malaysian economy has also grown at a steady pace of about 5 per cent per annum and the country has opened up its markets to foreign companies to a certain extent. Over the years Malaysia has built a reputation for being a strong manufacturing hub and many products such as electronics, information and communication technology and textiles are being manufactured in various Malaysian factories for foreign buyers. However, even though traditionally foreign investment has been in the manufacturing sector in the country, many believe it is the services sector that will fuel growth in the future for Malaysia.

Thursday, January 5, 2012

Overview of Intellectual Property Rights in Malaysia

The intellectual property rights in Malaysia comprises of patents, trademarks, industrial designs and copyright and since Malaysia is a member of the World Intellectual Property Organization (WIPO) and the Paris Convention and Berne Convention, Malaysia has some strict laws on intellectual property rights. Let’s have a look on these rules and laws.

Wednesday, January 4, 2012

Responsibilities of Company Directors in Malaysia

It is extremely important that company directors in Malaysia are fully aware of their responsibilities towards the business, shareholders, government as well as customers of the company. Directors that fail to meet their responsibilities or duties may be removed by the company shareholders for non-performance. However, those directors that fail to meet the compliance requirements as set by the Malaysian Companies Act of 1965 may face heavy penalties, fines and even have the possibility of being imprisoned for severe or repeated offences.

Wednesday, December 28, 2011

Cost of living for foreigners in Malaysia

The cost of living in Malaysia is quite low as compared to the other countries of Asia and has been a big attraction for foreigners after the launch of Malaysia My Second Home Programme. Also the taxation system is so designed that there are no attribute taxes and no capital gain on assets. Following is a brief overview of essential commodities that shape up a general cost of living in Malaysia.

Tuesday, December 27, 2011

How the Business Environment in Malaysia changed in 2011

It is quite interesting to see that irrespective of what goes on around the world, the Malaysian economy manages to grow at about 5 per cent per annum. You would think with the ongoing economic recession in various parts of the world Malaysia would be affected as well but in reality Malaysia was able to do quite well in the year 2011 and made a real bid to become one of the most vibrant economies of the region. Malaysia’s business environment went through a lot of changes in the year 2011 and most would say the changes were mostly for the better.

Friday, December 23, 2011

Recent Amendments in the Taxation Policy of Malaysia

Malaysia has always been famous for its tax friendly attitude towards the tax-payers. This has been made possible by the policies adopted by the Companies Commission of Malaysia, the taxation department of Malaysia. They make various timely amendments in a short span of time just to make sure that the taxation becomes indeed very easy for all types of tax-payers. Following is the list of some amendments made by CCM in the recent years.

Thursday, December 22, 2011

Considerations before Employing a Foreign National in Malaysia

Of late there has been a change in the immigration policy in Malaysia. Authorities in the country want to move away from providing visas to low skilled workers engaged in industries such as the construction or restaurant business and focus more on high skilled workers in sectors such as finance, information technology and research and development amongst others. Companies operating in Malaysia are allowed to employ foreign nationals but a number of criteria need to be fulfilled and the companies must consider several aspects before offering a job to a foreigner.