Doing-Business-in-Malaysia

Doing business in Malaysia

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”