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Business Company in Malaysia Tag

In order to be classified as a manufacturing company in Malaysia, you must fall within the parameters of its definition set by the country’s Industrial Co-ordination Act 1975 (ICA).According to ICA, when you create, change, combine, decorate and finish any article or substance with the motive to sale, transfer or deliver, it will be classified as a ‘manufacturing activity’ excluding any activities related to retail and wholesale trade respectively.The prerequisites of applying for a...

[caption id="attachment_7206" align="alignleft" width="497"] Companies Commission of Malaysia[/caption] The Companies Commission of Malaysia also known as Suruhanjaya Syarikat Malaysia, SSM, among the locals is simply a statutory body which was initiated under The Act of Parliament to regulate all sort of corporate and business affairs in Malaysia. This corporate body was established in 2001 under the Companies Commission of Malaysia Act 2001. It was mainly established with the purpose of argument to indicate the functions of the...

There are various types of Business Company in Malaysia you can choose from depending on your business model and capital outlay to begin with. You can set up a sole proprietorship business, a partnership, a limited liability partnership or LLP, a Sendirian Berhad or private limited company, a Berhad or public limited company, a company limited by guarantee and finally a foreign company.Among the new Small Medium Enterprise (SME) owners in Malaysia, the sole proprietorship and partnership are...