If you’re planning to operate a tour or travel agency in Malaysia, getting licensed by the Ministry of Tourism, Arts and Culture (MOTAC) is essential. Here’s a simplified, step-by-step guide to help you navigate the licensing processāā especially for foreign entrepreneurs or businesses. šStep 1: Register Your Company Start by incorporating a Sdn. Bhd. (private… Continue reading š§³Running a Travel Business? Hereās How to Get Licensed with MOTAC! āļø
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Real Property Gain Tax (RPGT) vs Income Tax
What is RPGT? Real Property Gains Tax is one of Malaysia’s most important real estate taxes. If you made a profit from selling real estate, you need to make sure you pay the RPGT within 60 days of the sale to the Malaysia Inland Revenue Board (IRB). However, you do not have to pay RPGT… Continue reading Real Property Gain Tax (RPGT) vs Income Tax
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.
Memorandum and Articles of Association (M&A) & Constitution in Malaysia
It is not necessary to have a company constitution in Malaysia, however, it is essential for a contract to specify the businessās interaction with its audience. This article provides an understanding of what M&A, and Malaysian Constitution is.
Certificate of Resident
To be a residence of Malaysia, one must first understand the format of how can one be entitled so, together with pending documents needed to be issued. This article will lead you the way.