Starting, Operating and Developing Business in Malaysia

Meysam Safari,

University or college Putra Malaysia

10/14/2007

Stand of Articles

•Introduction ------------------------------------------------------------------------------------------- 3 •Malaysia ------------------------------------------------------------------------------------------------ four •Business types ---------------------------------------------------------------------------------------- 19 •Companies Commission of Malaysia ----------------------------------------------------------- 31 •Federation of Malaysian Company ------------------------------------------------------- 51 •Malaysian Intercontinental Chamber of Commerce and Industry (MICCI) --------------- fifty nine •Ministry of Finance Treasury Registration (Pendaftaran Kementerian Kewangan)-60 •ASEAN Cost-free Trade Place (AFTA) ------------------------------------------------------------------ 61 •Work Permit------------------------------------------------------------------------------------------- sixty four •Malaysia My Second House ----------------------------------------------------------------------- 66 •Appendix you: Form A (Registration of any Business) ------------------------------------------- 67 •Appendix 2: Contact form A1 (Application for Restoration of Organization Registration) ----------- 72 •Appendix 3: Type B1 (Registration of Difference in Main Organization Address) ----------- 73 •Appendix 4: form B2 (Registration of Difference in Nature of Business) ----------------- 75 •Appendix 5: BUSINESSES ACT 65 ------------------------------------------------------------ 77 •Appendix 6: Useful Links -------------------------------------------------------------------------- 88

Introduction

Malaysia's fifty years of nationhood signifies another landmark in its economic climate development. Upon independence the country was very reliant on tin and rubber and even more than half of the populations were in poverty. Today, Malaysia is a broad-based and varied economy. It's the 19th most significant trading region in the world, with trade more than RM1 trillion. Malaysia continually enjoy personal stability using a diverse but united populace. At the same time, every capita salary has increased twenty six times to RM20, 841 and the prevalence of low income has also been reduced to lower than 6. 0%. The Government's far-sighted and pro-business procedures were a key component in the transformation of the overall economy. This modification enabled Malaysia to achieve a higher growth trajectory compared to the progress achievable as a primary commodity-based economy. Going forward, the Government provides articulated the National Objective, which does to carrying on the strength transformation toward becoming a created nation simply by 2020. Towards this objective, economic supervision in 2007 is focused upon enhancing home resilience to facilitate development and growth as envisaged in the Nationwide Mission. With this context, initiatives were taken to encourage the private sector to presume a leading role in economical development. Efforts were taken to liberalize the other Investment Committee (FIC) suggestions, reduce corporate and business tax to 26% in 2008 and attract purchase through particular incentives, particularly in the Iskandar Development Location (IDR).

In this report we attempted to focus on how to establish a organization and exactly what are the conditions and the requirements, chance or issues that face the new investors. As well the government companies that give the approval the enrollment sequences as well as the fees from the registrations etc. This survey will also talk in brief regarding other legal entities linked to business in Malaysia plus the ASEAN region. Entities including Federation of Malaysian Producers, Malaysian Intercontinental Chamber of Commerce and Industries, plus the Ministry of Finance, Treasury and Subscription are presented. At last the report echoes about operate permit and Malaysia My Second Residence program as the non commercial options for foreigners to stay in Malaysia. In the...

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