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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...

 [caption id="attachment_7190" align="alignleft" width="442"] Licensing in Malaysia[/caption] The permits and Licensing in Malaysia is an official permit or authorized right to do, use or own certain property, industry, company or documentation work. It can be assumed that a license is legally issued by an authority or authorities, to allow an activity that would otherwise be forbidden. A license can also be accorded from one party to another party (i.e. a government office and business firm) as an...