Doing-Business-in-Malaysia
Doing business in Malaysia
Contents
Foreword
5
Chapter 1 - Introduction
6
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Geography & population
Advantages of investing in Malaysia
Language
Political environment
Economy
Major exports and imports
Import controls
Regulatory environment
Financial services
Currency denomination
Exchange controls
Government policy on foreign investment
Communications
Chapter 2 - Intellectual property protection
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Patents
Trade Marks
Industrial Design
Layout Design of Integrated Circuits
Geographical Indications
PKF – Doing business in Malaysia
19
2
Chapter 3 - Business Structure
24
Chapter 4 - Business Finance
28
Chapter 5 - Investment Incentives
35
Chapter 6 - Accounting
60
Chapter 7 - Taxation
63
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Types of business structures
Companies limited by shares
Companies limited by guarantee
Foreign companies and foreign investments
Sole proprietorship and partnerships
Trusts
Equity financing
Loan Funding
Grants & soft loans
Manufacturing
Multimedia Super Corridor Status
Operational Headquarters
International Procurement Centres / Regional Distribution
Centres
Statutory Accounting Requirements
Audit Requirements
Accounting Standards
Overview of taxes in Malaysia
Scope of taxes: Residency
Sources of income liable to tax
The Tax Year
Payment of Tax
Corporation tax
Interest Deductions
Interaction with International Tax Regime
Taxation of Partnerships & Trusts
PKF – Doing business in Malaysia
3
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Real Property Gains Tax
Sales Tax
Service Tax
Stamp Duty
Import Duty
Chapter 8 - Foreign Personnel & Immigration
81
Useful Contacts
91
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Passport and Visa Requirements
Employment of Expatriate Personnel
Employment of Foreign Labour
Work permits
Permanent residence
The “Malaysia My 2nd Home”
Contents
Foreword
5
Chapter 1 - Introduction
6
•
•
•
•
•
•
•
•
•
•
•
•
•
Geography & population
Advantages of investing in Malaysia
Language
Political environment
Economy
Major exports and imports
Import controls
Regulatory environment
Financial services
Currency denomination
Exchange controls
Government policy on foreign investment
Communications
Chapter 2 - Intellectual property protection
•
•
•
•
•
Patents
Trade Marks
Industrial Design
Layout Design of Integrated Circuits
Geographical Indications
PKF – Doing business in Malaysia
19
2
Chapter 3 - Business Structure
24
Chapter 4 - Business Finance
28
Chapter 5 - Investment Incentives
35
Chapter 6 - Accounting
60
Chapter 7 - Taxation
63
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
Types of business structures
Companies limited by shares
Companies limited by guarantee
Foreign companies and foreign investments
Sole proprietorship and partnerships
Trusts
Equity financing
Loan Funding
Grants & soft loans
Manufacturing
Multimedia Super Corridor Status
Operational Headquarters
International Procurement Centres / Regional Distribution
Centres
Statutory Accounting Requirements
Audit Requirements
Accounting Standards
Overview of taxes in Malaysia
Scope of taxes: Residency
Sources of income liable to tax
The Tax Year
Payment of Tax
Corporation tax
Interest Deductions
Interaction with International Tax Regime
Taxation of Partnerships & Trusts
PKF – Doing business in Malaysia
3
•
•
•
•
•
Real Property Gains Tax
Sales Tax
Service Tax
Stamp Duty
Import Duty
Chapter 8 - Foreign Personnel & Immigration
81
Useful Contacts
91
•
•
•
•
•
•
•
Passport and Visa Requirements
Employment of Expatriate Personnel
Employment of Foreign Labour
Work permits
Permanent residence
The “Malaysia My 2nd Home”