Kuala Lumpur City Hall (DBKL) has ordered the closure of 597 foreign-owned businesses under Section 101 (1) (v) of the Local Government Act 1976. The order, which took effect on July 20, 2020, forbids foreign nationals from seeking licenses for up to twenty different types of businesses. Hypermarket, supermarket, mini mart, sundry shop, 24-hour convenience… Continue reading DBKL shuts down 597 business premises run by foreigners
Author: Boss Boleh
Know the Statutory Forms of Your Sdn Bhd
Statutory documents of your company are compulsory when you are planning to set up a business bank account or apply for a payment gateway service for your e-commerce website. ‘Code words’ are normally designated for each of the documents required, such as F9, F13, F24, F32A, etc. which the public might find ambiguous about. It… Continue reading Know the Statutory Forms of Your Sdn Bhd
Closing of Business for Sole-Proprietor and Partnership
In the year 2022, the pandemic has been ongoing for nearly three years now. Not only has it reshaped various sectors across the globe, it also continues to profoundly disrupt various aspects of our lives. Regardless, life goes on. In Malaysia, the economy started to recover in the fourth quarter of 2021. While some businesses… Continue reading Closing of Business for Sole-Proprietor and Partnership
Understanding Company Tax Rates
Understanding Company Tax Rates To start up a business in Malaysia, a better understanding of company income tax requirements by the Inland Revenue Board (LHDN) and the Royal Malaysian Customs Department (RMCD) will ease the struggles faced throughout the growth of your business. Malaysia’s company tax is administered by the Income Tax Act 1967, whereby… Continue reading Understanding Company Tax Rates
Starting a travel agency business in Malaysia
The growth of tourism has grabbed the attention of the government as one of the primary business areas driving the Malaysian economy. Malaysia has experienced an influx of approximately 6 million tourists annually in recent years, the majority of them are from China and India. All of these phenomena have undoubtedly had a positive influence… Continue reading Starting a travel agency business in Malaysia
What is Next of Kin?
The Next of Kin Concept The Companies Act 2016 (2016 Act) which reduced the minimum number of directors for private companies to one, created the notion of “next of kin” to handle circumstances where the sole director dies or is unable to fulfill his responsibilities. As per 2016 Act, the secretary shall, as soon as… Continue reading What is Next of Kin?
Responsibilities of an Employer
What are the responsibilities of an employer? In this article, you will be guided to understand the virtues an employee must uphold.
Setting Up a Branch Office in Malaysia
Branching out is important for a company to expand its business nature. In this article, we shall explain how setting up a branch office in Malaysia can be beneficial for your business.
Tax Payment of Companies
Registered Companies, Limited Liability Partnerships, Trust Bodies and Cooperative Societies which are dormant and/or have not commenced business operation are not required to furnish tax estimate. But it is required for existing companies to do so.
Guide to Halal Certificate Application for Chain Restaurant
Application for a Halal Cert. may not be easy. Owning multiple chain restaurants is already a feat. but obtaining a certificate for being Halal can be done, if you follow the steps below.