Malaysia Company Set up Requirements

Malaysia Company Set up Requirements

Invest in Malaysia

Malaysia Company Set up  Authorized capital

A private limited company in Malaysia must have a minimum paid-up capital is RM1.

Malaysia Company Set up-Appointment of shareholders and directors

Each company must provide one (1) or more shareholders; shareholders can be the directors at the same time. Shareholders do not have nationality restrictions; each company must have a minimum of one (1) directors, being a natural person with their principal place of residence in Malaysia or foreigners who hold a visa in Malaysia for more than 6 months. Tannet can assist on coordination and provide local directors if necessary, specifically Chinese directors with good financial position and professionals.

Malaysia Company Set up – Required Documents

1. English name of the Malaysia Company

2. Personal data of all the shareholders and directors (Identification card or passport and address)

3. Authorized capital and the shares allocation

4. Articles of association

5. Purpose of company set up and main projects.

*(All documents must be translated in English or Malay)

Contact us
If you have further queries, please contact Tannet
Malaysia hotline
603-21418908;
Email: mytannet@gmail.com
TANNET GROUP : http://www.tannet-group.nethttp://en.tannet.com.my

Malaysia Trademark Registration

Malaysia Trademark Registration


Malaysia Trademark Registration, the protection is governed by the Trade Marks Act 1976 (TMA) and the Trade Marks Regulation 1997 (TMR). The TMA came into force on 1st September 1983, while the TMR, which repealed the initial Trade Marks Regulations 1983, was enforced on 1st December 1997.

 

With effect from 1 December 1997, service marks are also registrable. For convenience, the term "trademark" when used herein also includes "service mark" unless indicated otherwise. Any mark used/proposed to be used in relation to goods or services to indicate a connection in the course of trade between the goods or services and the person having the right to use the mark can be registered. In this regard "mark" includes any device, brand, heading, label, ticket, name, signature, word, letter, numeral or any combination of these elements. Marks in other than English or Malay are also prima facie registrable although certified translation and transliteration of the marks will be required to be furnished.

 

Malaysia Trademark Registration

Functions of Malaysia Trademark

Origin Function – A Malaysia trademark helps to identify the source and those responsible for the products and services sold in the market. 

Choice Function – A Malaysia trademark enables consumers to choose goods and services with ease while shopping. 

Quality Function – Consumers choose a particular trade mark for its known quality. 

Marketing Function – Malaysia Trademark plays an important role in advertising. Its normal for consumers to make purchases based on continuous influence of advertising. 

Economic Function – Established trademark is a valuable asset. Trademarks may be licensed or franchised.

 

Malaysia Trademark Classification of Goods and Services

Malaysia Trademark Registration Office (MYIPO) generally follows the International Classification of Goods and Services under the Nice Agreement (also known as the Nice Classification), which sets out forty-five (45) different classes of goods and services. The listing of goods or services is very important as the use of the trade mark will be limited to such goods or services as listed in the application.

 

Malaysia Trademark Applicant

Any person (an individual, corporation or business) who claims to be the bona fide proprietor of the mark may apply for trade mark registration.

 

Malaysia Trademark Registration Duration

After the trademark is registered, a certificate of registration will be issued to the applicant. The Malaysia trademark registration is valid for ten years from the date of application and it is renewable indefinitely every ten (10) years.

 

Contact Us

If you have further queries, please contact Tannet Group.

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

Malaysia Company De-registration

Malaysia Company De-registration

The Malaysian Companies Act empowers the Registrar to de-register a defunct company if he has reasonable cause to believe that the company is no longer carrying on business or in operation.

 

de-registration

 

There are a few requirements to be fulfilled before Malaysia Company De-registration:

  1. The directors must obtain the resolution of the shareholders for the initiation of the application to strike off the name of the company from the register on the basis that the company is not carrying on business or the company is not in operation
  2. The company has no assets and liabilities at the time when the application is made
  3. The company has no outstanding charges in the Register of Charges
  4. The company has no outstanding penalties or offer of compounds under the Companies Act 1965
  5. The company has no outstanding tax or other liabilities with any government department or agency
  6. The information of the company with the Registrar is up to date
  7. The company is not involved in any legal proceeding within or outside Malaysia
  8. The company has not made any return of capital to the shareholders
  9. The company is not a holding company or a subsidiary of another corporate body
  10. The company is not a “Guarantor Corporation”

Required Documents for Malaysia Company De-registration:

  1. Covering Letter- stating reasons to support application
  2. Statement by Applicant
  3. Resolution of majority shareholders OR if director/s OR shareholder/s is/are untraceable, proof of attempts to trace the where about of such directors or shareholders
  4. Management Accounts or Audited Financial Statements (if so requested)
  5. Waiver letters from creditors/tax clearance (if applicable)

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.net, http://en.tannet.com.my

 

Malaysia Company Secretary Services

Malaysia Company Secretary Services

Malaysia Company Secretary Services is necessary when register a private limited company in Malaysia. Investors have to appoint a local company statutory secretary with Malaysia residential address and are licensed by Malaysia Company Secretaries Association to perform the registration procedure and other part of company services.

 

Duties and responsibilities of Malaysia Company Secretary

  • To ensure compliance of the provisions of Companies Law and rules made there-under and other statutes and bye-laws of the company.
  • To attend the broad meetings in order to ensure that the legal requirements are fulfilled, and provide such information as are necessary.
  • To carry out all matters concerned with the allotment of shares, and issuance of share certificates including maintenance of statutory Share Register and conducting the appropriate activities connected with share transfers.
  • To prepare, approve, sign and seal agreements leases, legal forms, and other official documents on the company’s behalf, when authorized by the broad of the directors or the executive responsible.
  • To engage legal advisors and defend the rights of the company in Courts of Law.
  • To have custody of the seal of the company.
  • Filling of various documents/returns as required under the provisions of the Companies Law.
  • Proper maintenance of books and registers of the company as required under the provisions of the Companies Law.

 

Malaysia Company Secretary Services

Other secretary services

Other than the responsibilities of the secretary, we do provide other services such as answering call & fax, corresponding address provided, short term meeting room / office rental, and all sort of things included for virtually office.

 

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 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