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Different ways to get Funding, and their Pros & Cons
Posted at: 02-09-2022
It might cost hundreds of ringgits to millions of ringgits to launch a business. What if you require money to support bigger company endeavours or get through challenging times during regular operations? You might need to consider the cost of marketing, hiring staff, purchasing equipment, or registering your business.? The best part is that you… Continue reading Different ways to get Funding, and their Pros & Cons
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Proven Business Models That Ensure Success
Posted at: 29-08-2022
Maxis Business Spark series, Let’s Talk invites business owners from various industries to share, discuss and debate business strategies. Episode 4 of this series is called “Spark Let’s Talk: The Right Fit In The New Normal”, it brings two business owners with distinctly different business strategies together to uncover unique insights, perspectives as well as… Continue reading Proven Business Models That Ensure Success
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Information
Differences between Grant and Loan
Posted at: 26-08-2022
The government can finance your ideas and initiatives through grants in order to deliver public services and boost the economy. Moreover, you will require capital to build your business in order to maximize efficiency and profitability, which is why people seek business loans. Grant and loan offers are great ways to build momentum, advance projects,… Continue reading Differences between Grant and Loan
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Information
FAQ for Employment (Amendment of First Schedule) Order 2022
Posted at: 25-08-2022
1st September 2022, all employees will be protected by the Employment Act 1955.? In view of the above update,?we have gathered some FAQs about the topic and listed them down?as follows:? All employees covered by the EA? Question: What is the impact of the EA being applicable to all employees?? Answer: It means that ALL… Continue reading FAQ for Employment (Amendment of First Schedule) Order 2022
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The Pros and Cons of Running a Family Owned-Business
Posted at: 24-08-2022
Spark Let’s Talk by Maxis Business is a talk show that welcomes prominent Malaysian entrepreneurs to discuss opportunities and problems faced by SMEs in Malaysia, particularly as they adjust to the new normal. For startup entrepreneurs or those looking forward to learn something, this is a show for you. Today we will be looking at… Continue reading The Pros and Cons of Running a Family Owned-Business
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Director
Who is Not Eligible to Become a Director of Sdn. Bhd.
Posted at: 24-08-2022
Click here to read the Chinese version 点击此处阅读华语版本 Before opening a company, it is necessary to know and understand the qualifications and disqualifications of company directors. Other than that, it is important that directors of Malaysian companies act according to the responsibilities of their duties in order to avoid breaching the company law and committing… Continue reading Who is Not Eligible to Become a Director of Sdn. Bhd.
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Taxation
Taxpayer Responsibilities (for Companies in Malaysia)
Posted at: 24-08-2022
Are you aware of the taxpayer responsibilities by a company in Malaysia? Below here we have compiled all the information about taxpayer responsibilities according to LHDN. Read further to find out more:? Categories Description Leave Passage? Leave passage within Malaysia not exceeding three times in a year and one leave passage outside Malaysia not exceeding… Continue reading Taxpayer Responsibilities (for Companies in Malaysia)
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Taxation
Secretary Fee & Tax Agent Fee
Posted at: 23-08-2022
Tax Deduction for Secretarial and Tax Filing Fee Pursuant to the?Income Tax (Deduction For Expenses in Relation to Secretarial Fee and Tax Filing Fee) Rules 2020 [P.U.(A) 162/2020] published by the Federal Government on 19 May 2020, the following expenses incurred shall be allowed for tax deduction?with effect from year of assessment 2020: Before YA… Continue reading Secretary Fee & Tax Agent Fee
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Distribution Strategies for the Food Manufacturing Industry
Posted at: 16-08-2022
Maxis Business Spark series, Let’s Talk invites business owners from various industries to share, discuss and debate business strategies. Episode 3 of this series is?called “Spark Let’s Talk: From Production to Consumption”, it has focused on the food manufacturing industry and what strategies they took to sustain the business. Guests invited to this episode are… Continue reading Distribution Strategies for the Food Manufacturing Industry
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Is There a One-Size Fits All Strategy For F&B?
Posted at: 14-08-2022
Spark Let’s Talk by Maxis Business is a talk show that invites leading Malaysian entrepreneurs to share their perspectives about opportunities and issues encountered by SMEs in Malaysia, especially when businesses are adapting to the new normal. Episode 1 of this series has focused on the Food and Beverages (F&B) sector as it is one… Continue reading Is There a One-Size Fits All Strategy For F&B?
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Industry Guide
Introduction To Telecommunications Business in Malaysia
Posted at: 13-08-2022
In the 1830s, the telegraph became the first mechanical communications technology, which was hailed as a huge triumph at the time. After a few hundred years, we now have cutting-edge technology that reduces the time it takes to transmit data from hours to mere seconds. Today, communication is inevitable in our daily lives and it… Continue reading Introduction To Telecommunications Business in Malaysia
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Industry Guide
Introduction to Publishing Business in Malaysia
Posted at: 12-08-2022
Digital materials have been more popular in Malaysia during the past several years, and people’s need for educational resources is rising along with the literacy rate. Thus, it might be a good idea to venture into the publishing industry.?? Your clients will be reassured that your brand is independent, reputable, and trustworthy if you have… Continue reading Introduction to Publishing Business in Malaysia
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Industry Guide
Things to Know About Event Management Business in Malaysia
Posted at: 11-08-2022
Numerous events go around in our lives that we might not even notice, such as workshops, weddings, conferences, award ceremonies and so forth. One successful event is determined by the outstanding efforts and ideas executed by a team of event management experts. Anyone can have the potential to become a key player among an event… Continue reading Things to Know About Event Management Business in Malaysia
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Industry Guide
Things to consider in Setting Up an Arts or Music Business in Malaysia
Posted at: 10-08-2022
Whatever your motivation, Malaysia’s arts and music industry is a booming one. Since you might be an artist attempting to promote your talent, it is a great business idea. You may want to start a music or art business to teach and spread good vibes.? It’s worth pointing out that it enables you to create… Continue reading Things to consider in Setting Up an Arts or Music Business in Malaysia
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Industry Guide
Introduction to Real Estate Business in Malaysia
Posted at: 08-08-2022
In Malaysia, opening a real estate office may be a worthwhile experience. Being a business requires a great deal of effort because the hours are lengthy and you might have to sacrifice weekends. Furthermore, dealing with clients can be challenging, demanding, and draining. However, the feeling of accomplishment you get when you eventually complete a… Continue reading Introduction to Real Estate Business in Malaysia
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Information
How to Switch Company Secretary to Boss Boleh
Posted at: 08-08-2022
Appointing a company secretary is a must for all Sdn Bhd owners according to Malaysian Law. However, there are chances that you Appointing a company secretary is a must for all Sdn Bhd owners according to Malaysian Law. However, there are chances that you might have unpleasant experiences with your current company secretaries. Common reasons… Continue reading How to Switch Company Secretary to Boss Boleh
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Are Foreigners allowed to open Sdn Bhd and hold 100% share in Malaysia?
Posted at: 05-08-2022
Fellow foreign investors, have you been wondering what industries in Malaysia are allowed for you to hold 100% equity? Allow us to answer that doubt for you in this article!? Businesses Popular With Expatriate Investors On 22nd April 2009, The Malaysian government had made the decision to liberalise the services industry in an effort to… Continue reading Are Foreigners allowed to open Sdn Bhd and hold 100% share in Malaysia?
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Condition to Apply for Employment Pass in Malaysia
Posted at: 03-08-2022
It is not surprising to find out that we might be working in a different country due to various reasons in today’s society. For foreigners who plan to work in Malaysia, the first question that comes to mind might be: “Are there any permits required to apply in order to work legally?”. The answer to… Continue reading Condition to Apply for Employment Pass in Malaysia
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Information
The Differences between Franchising & Licensing
Posted at: 03-08-2022
Both franchises and licenses are commercial contracts that allow for the sharing of specific brand elements in return for a price. A franchising agreement, on the other hand, covers a company’s whole brand and activities, but a license deal only applies to registered trademarks. Franchises often work best for service-based businesses, while licenses are more… Continue reading The Differences between Franchising & Licensing
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Taxation
FAQ About Tax (for Companies in Malaysia)
Posted at: 03-08-2022
Company: Assessment A) Gross Business Income Question 1 – What is meant by Gross Business Income? Answer: Gross business income shall include any sums receivable or deemed to have been received for that basis period in relation to that source by way of sale of trading stock or services. In determining gross business income, Section… Continue reading FAQ About Tax (for Companies in Malaysia)
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