Business Proposal Drafting

Business Proposal Drafting

A business plan is an essential road map for business success. This document generally projects 3-5 years ahead and outlines the route a company intends to take to grow revenues in the future. A well-written business plan can mean the difference between success and failure — not only when it comes to securing capital, but also as it relates to actually running your company.

 

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Why to make a business plan

A business plan is a written document that describes your business. It covers objectives, strategies, sales, marketing and financial forecasts. A business plan helps you to clarify your business idea, spot potential problems, set out your goals and measure your progress. You’ll need a business plan if you want to secure investment or a loan from a bank. It also provides a clear picture of your planning to your customers, suppliers and potential employees.

 

What to consider before making a business plan

1. How Long Should Your Plan Be?

2. When Should You Write It?

3. Who Needs A Business Plan?

4. Why Should You Write A Business Plan?

5. Determine Your Goals and Objectives

6. Outline you Financing Needs

7. Plan what you'll do with Your Plan

8. Don’t Forget About Marketing

 

What to avoid in your business plan

Place some reasonable limits on long-term (over one year), future projections. Better to stick with short-term objectives and modify the plan as your business progresses. Too often, long-range planning becomes meaningless because the reality of your business can be different from your initial concept.

 

Avoid optimism. In fact, to offset optimism, be extremely conservative in predicting capital requirements, timelines, sales and profits. Few business plans correctly anticipate how much money and time will be required.

 

Avoid language or explanations that are difficult to understand. Do not ignore spelling out what your strategies will be in the event of business adversities.

 

Don't depend entirely on the uniqueness of your business or even a patented invention. Success comes to those who start businesses with great economics and not necessarily great inventions.

 

Contact us
If you have further queries, please contact Tannet
24 hours Malaysia hotline:603-21418908;
24 hours Hong Kong hotline:852-27837818;
24 hours Hong Kong hotline:86-755- 36990589;
Email: mytannet@gmail.com
TANNET GROUP : http://www.tannet-group.nethttp://en.tannet.com.my

Brand Designing

Brand Designing

A brand is a unique design, sign, symbol, words, or a combination of all these, employed in creating an image that identifies a product or service. A brand is important as it distinguishes your product or services from that of your competitors.

 

Construction site crane building a blue 3D text. Part of a series.

Construction site crane building a blue 3D text. Part of a series.

Branding is the process of creating and disseminating the brand name. Branding can be applied to the entire corporate identity as well as to individual product and service names. Branding is vital to a company as it refers to the perceived image and subsequent emotional response to a company, its products and services. Company should place great emphasis on branding as it affects the level of credibility, quality, and satisfaction in the consumer's mind.

 

What to consider before designing a Brand?

1. How will the brand be perceived against competitors in the market?

2. What is the positioning statement of your brand?

3. What is the selling point of your product?

4. Who is your targeted audience? Are they digitally savvy?

5. What is the long term vision of the brand?

6. What is the impression of the brand that you want to create to the public?

7. Other brand image concerns: market awareness, emotional associations, value to the consumer, brand perception vs. consumer behaviour, changes desired in the brand-consumer relationship over time.

 

Brand designing should take into account how, what, where, when and to whom you plan on communicating and delivering your brand messages. Advertisement location should also be planned ahead.

 

Contact us
If you have further queries, please contact Tannet
24 hours Malaysia hotline603-21418908;
24 hours Hong Kong hotline852-27837818;
24 hours Hong Kong hotline86-755- 36990589;
Email: mytannet@gmail.com
TANNET GROUP : http://www.tannet-group.nethttp://en.tannet.com.my

Malaysia Copyright Protection

Malaysia Copyright Protection

Malaysia copyright protection allows people to notify their works to the government in order to protect it under Copyright Act 1987 and avoid others to use it for the other purpose without the consent of the owner.

 

What is Malaysia Copyright?

Based on the Copyright Act 1987, copy refers to a reproduction of a work in written form, in the form of a recording or fill, or in any other material form. Copyright is one form of the intellectual property which is the legal right given to the copyright’s owner for a specific time period. All the copyrights are registered and protected under Copyright Act 1987. 


Nigerian-Copyright-Commission

What can be protected under Malaysia Copyright?

Books (traditional or digital), scripts, music, pictures, videos, source codes for software, manuals/guidebooks, university journals, and other kinds of creative works or materials have special intangible rights attached to them.

 

Moreover, the copyright protection can only be applicable to any expression form of an idea or information. It protects the expression of the author’s artistic and literary works and is also related to the exclusive right to prepare derivative works and to perform and display the work. Subject to the provisions of the Copyright Act 1987, artistic, literary and musical works, films, sounds recordings and broadcasts are eligible for copyright protection.

 

Who can apply for Copyright?

Any person, whether Malaysian citizen or foreigner, who is the owner or creator of the works who will be eligible to notify for Malaysia copyright protection. 

 

What are the legal rights of Copyright Owners?

If the owner has been successfully applied for Malaysia copyright registration and own the copyright, the following are the legal rights can be controlled by the owner of the copyright according to the Copyright Act 1987:
1. The reproduction of the works in any form;
2. The showing, performing or playing to the public;
3. The communication to the public;
4. The commercial rental to the public;
5. The distribution of copies to the public by sale or other transfer of ownership.

 

How long is the Protection Period of Malaysia Copyright?

After succeeded from Malaysia copyright registration, the protection period of the registered works is the whole life of the owner plus an extra 50 years after his death.

Contact us
If you have further queries, please contact Tannet
24 hours Malaysia hotline:603-21418908;
24 hours Hong Kong hotline:852-27837818;
24 hours Hong Kong hotline:86-755- 36990589;
Email: mytannet@gmail.com
TANNET GROUP : http://www.tannet-group.nethttp://en.tannet.com.my

 

Malaysia My Second Home Programme

Malaysia My Second Home Programme

Malaysia My Second Home Program is a programme introduced and supported by Malaysia government to allow people from all over the world who fulfill certain criteria, to stay in Malaysia for a period of ten (10) years (depending on the validity of the applicants’ passport) and is renewable.

 

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It is open to citizens of all countries recognized by Malaysia regardless of race, religion, gender or age. Applicants are allowed to bring their spouses and unmarried children below the age of 21 and parents as dependents.

 

The MM2H visa permit is now attracting foreign citizens to Malaysia not only to stay but also to use it as a base from which:
1. To conduct business overseas
2. For their children’s education
3. To retire or semi-retire

 

Before Approval
If applicants are couple, it is advisable to appoint the person with higher financial income or the one who is older in age to be the main applicant. Applicants can bring along their spouse, children below 21 years old who are not married, and their parents above age 60 years old as dependents. For the school going children, student passes can be issued by any institutes. Parents will then be issued a yearly dependent pass and it is renewable.

 

After Approval
The processing time for approval will normally take one to three months. Upon approval, applicants are required to open a fixed deposit bank account for one-year period on an auto renewal basis in any banks in Malaysia.

 

For applicants below age 50 years old, they are to put in at least an amount of MYR300, 000 and it can be withdrawn after one year period but leaving a minimum balance of MYR150, 000 inside the bank account. It is also a need to show proof of monthly offshore income of at least MYR10, 000 and the personal bank statement of the latest 3-months stating a current balance of above MYR500, 000.

 

For applicants above age 50 years old, they are to put in at least an amount of MYR150, 000 and it can be withdrawn after one year period but leaving minimum balance of MYR100, 000 inside the bank account. They can also show proof of monthly off-shore income of MYR10, 000 as pension without needing to place a fixed deposit. It is also a need to show proof of monthly offshore income of at least MYR10, 000 and the personal bank statement of the latest 3-months stating a current balance of above MYR350, 000.

 

Next, all applicants are required to submit a medical report certified by any clinics or hospitals in Malaysia and also to purchase a medical insurance from any insurance company in Malaysia. A Letter of Good Conduct will be needed too.

 

Furthermore, in order to work legally for spouses, it is not a need for them to change their Dependent Pass into Employment Pass. They will only need to acquire the working approval from the Immigration Department of Malaysia.

 

Contact us
If you have further queries, please contact Tannet
24 hours Malaysia hotline603-21418908;
24 hours Hong Kong hotline852-27837818;
24 hours Hong Kong hotline86-755- 36990589;
Email: mytannet@gmail.com
TANNET GROUP : http://www.tannet-group.nethttp://en.tannet.com.my

Malaysia RO

Malaysia RO

Malaysia RO can be either Malaysia Representative Office or Malaysia Regional Office. The setting up of Malaysia RO depends on the nature of business intended to be carried out and the geographical serving within and around Malaysia.

 

representative-office

Malaysia RO does not undertake any commercial activities as its operation is to be completely funded from sources outside Malaysia. Malaysia RO can only represent its head office to perform designated functions.

 

Difference between Malaysia Representative Office and Malaysia Regional Office:

– A Representative Office in Malaysia is approved to collect and compile relevant information on investment opportunities in Malaysia, particularly in the sector of manufacturing and services. Malaysia Representative Office develops bilateral trade relations, promotes the export of Malaysian goods and services and carries out Research and Development.

 

– A Regional Office in Malaysia is approved to act as the coordination center and carry out designated tasks for the company’s affiliates, subsidiaries and agents in South East Asia and also the Asia Pacific regions. The Malaysia Regional Office is responsible for the designated activitites of the company or organization within the region it operates.

 

Contact us
If you have further queries, please contact Tannet
24 hours Malaysia hotline603-21418908;
24 hours Hong Kong hotline852-27837818;
24 hours Hong Kong hotline86-755- 36990589;
Email: mytannet@gmail.com
TANNET GROUP : http://www.tannet-group.nethttp://en.tannet.com.my

Malaysia Tax Filing Services

Malaysia Tax Filing Services

Malaysia Tax Filing Services is a service to process of preparing tax returns, often income tax returns, often for a company other than a person. Tax preparation may be done by the taxpayer with the help of a licensed professional such as licensed authorized company, certified public accountant or enrolled agent. Below refers to some common questions that are frequently asked:

 

1.Do I Need to File?

• You must file a federal income tax return if you have own private company (SDN BHD).

• The amount you owe varies depending on your filing status, age, the kind of income you have, and other factors.

• Answer some easy questions to see if you need to file.

 

2.How Do I File?

• Find a professional preparer.

• If you have employees, file employment taxes.

 

3.What If I File Late?

• Think your taxes won't be finished on time? File for an extension of time to file.

• Find out what can happen if you file late.

• Alternative payment plans are available.

TaxIn Malaysia, individuals and businesses can use e-Filing to carry out their annual tax assessment. Known in short as e-Filing, the Malaysian IRB (Inland Revenue Board) operates its online system through its e.hasil.gov.my website. Before preparing tax return, it is a must to do accounting, in term of means to accumulate and report on financial information about the performance, financial position, and cash flows of a business. After that, IRB rely on audited financial statements to determine the accuracy of tax returns filed by the companies.

 

On the other hand, for income earners with business income would need to submit their forms latest by the 30th of June each year. The same procedure will be applicable for both these income earner. However, business income earners might have to pay a lump sum to income tax as they might not have adopted the PCB method.

 

There are several types of forms that you will be needed to submit. The BE form is for individuals who do not have any business sources. This is the most common form that is used by those who earn a monthly salary. The B Form is for individuals who own a business. The M form is for non-residents who are working with a monthly salary. This refers to individuals who are not citizens while he MT form is for those who own a business in Malaysia. The P Form meanwhile is meant for those who are in a partnership business.

 

Our Malaysia Tax Filing Services included:

1. Personal tax planning in Malaysia and submission of personal & business income tax

2. Malaysia Enterprises tax planning, preparation and submission of company tax returns

3. Multilateral trade tax planning

4. Accounting, auditing and tax preparation

5. Minimization of tax liabilities

 

Contact Us

If you have further queries, please contact Tannet

24 hours Malaysia hotline:603-21418908;

24 hours Hong Kong hotline:852-27837818;

24 hours China hotline:86-755- 36990589;

Email: mytannet@gmail.com

TANNET GROUP: http://www.tannet-group.net , http://en.tannet.com.my