INCENTIVES FOR NEW INVESTMENTS A tax incentive is a financial benefit that is given to a company or individual to encourage them to invest in a particular industry. Agribusiness, tourism (including hotels), and approved services are covered, as are R&D, training, and environmental protection.  Direct tax incentives provide partial or total exemptions from income tax, […]

LICENSE FOR OIL PALM INDUSTRY The Malaysian Palm Oil Board (MPOB) is the body responsible for the progress and development of the palm oil industry in Malaysia. Where there are some activities to be done under the Malaysian palm oil industry requires a few types of licenses from MPOB. All activities that are registered and […]

Enterprise Registration of Business Act 1965 (ROBA 1965) is the act used by the business operated in West Malaysia including Peninsular Malaysia and Federal Territory while in Sabah and Sarawak, the registration of businesses is accordance to Sabah Trades Licensing Ordinance 1948 and Law of Sarawak 1958 respectively. Business that may be registered under the […]

MOF License The MOF License is a license created to provide opportunities for companies, suppliers and entrepreneurs to obtain projects or tenders from the government. Entities that is eligible to apply the license are Enterprise, LLP and Private companies (Sdn Bhd) that is registered under Companies Commission of Malaysia. An application from individuals will be […]

Apakah Syarikat Induk? Syarikat induk merupakan satu organisasi yang mempunyai kuasa untuk mengawal syarikat lain. Syarikat induk memperoleh kuasa mereka dengan memliki 100% atau lebih daripada separuh daripada saham atau asset syarikat. Syarikat dibawah kelolaan syarikat induk boleh dikelasifikasikan sebagai syarikat subsidiari atau anak syarikat. Syarikat induk tidak menjadi pengeluar, menjual atau menjalankan operasi perniagaan. […]

Strike off and Winding up a company For companies that will be winding up, it requires number of procedures that have been set accordance with the Companies Act 2016 There are two ways to close a company: 1.       Striking off- Section 550 2.       Winding up- Section 431 Striking Off Pursuant to Section 550, subject to […]

Comparison between business organizations in Malaysia     Company   Limited Liability Partnership (LLP) Enterprise Public Company Private Company Conventional Partnership Sole Proprietorship Rules & Regulations Companies Act 2016 Limited Liability Partnerships Act 2012 Registration of Business Act 1956 Entity name appearances Company ended with “Berhad” Company ended with “Sdn Bhd” Company ended with “PLT” Personal […]

Bankrupt Bankruptcy will be declared to an individual that: –          Has debt of more than RM 50,000 and cannot afford to pay it –          Failed to pay debts for 6 consecutive months –          Residing in Malaysia for more than 1 year during the indebted period For a RM 10, you may verify your bankruptcy status […]

DIRECT SELLINGS BUSINESS Direct Sales refer to door-to-door sales, mail order sales or sales through electronic transactions. The Ministry of Domestic Trade and Consumer Affairs is the body responsible for the management of direct selling business. The Direct Selling Business is guided by the Direct Sales and Anti-Pyramid Scheme Act 1993 and the Direct Selling […]

PENUBUHAN STESEN MINYAK /PORTABLE CONTAINER SYSTEM (PCS) Kementerian Perdagangan Dalam Negeri dan Hal Ehwal Pengguna (KPDNHEP) adalah badan yang bertanggungjawab untuk mengawal selia semua aktiviti-aktiviti pemasaran dan pengedaran bahan-bahan petroleum atau bahan keluaran petroleum. Setiap aktiviti pemasaran dan pengedaran barangan petroleum merujuk kepada Akta Kemajuan Petroleum 1974, Peraturan-Peraturan 1974, Akta Petroleum (Langkah-Langkah Keselamatan) 1984 dan […]