In this economic circumstance, buying land may be considered as a risky decision. As a wise investor, you have to follow some guidelines which will help you to make the best deal whenever you want to buy a land.We have sorted out some essential steps to show you the best way on “how to buy […]
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Before you start a business in Malaysia, it is mandatory for you to apply and possess business license, depending on the type of your business. Foreigners who intend to set up a private company in Malaysia need to know and understand the various types of business licenses in Malaysia depending on their business activities.Generally, both […]
If a manufacturer meets a certain requirement, the law requires it to obtain a manufacturing license from Malaysia Investment Development Authority (MIDA). Based on the manufacturing activity, the Industrial Coordination Act (ICA), 1975 requires person(s) who are involved in manufacturing activities to obtain a license from the Licensing Officer. The main goal of introducing the ICA […]
INTRODUCTION There are certain taxes to be levied on real estate in Malaysia. It is pertinent for persons who wish to purchase or own real estate in Malaysia to be aware of such taxes. 1. STAMP DUTY The stamp duty is a tax levied on the instrument of transfer as specified in the First Schedule […]
Introduction Persons who wish to setup business in Malaysia must register their business either under the Registration of Businesses Act 1956 (“ROBA 1956”) or Companies Act 2016 (“CA 2016”) or Limited Liability Partnerships Act 2012. The different forms of business vehicle available in Malaysia includes:- Company Limited by Shares Company Limited by Guarantee Unlimited Company Limited Liability […]
Medium industries in Malaysia have capital investments which are in between light and heavy industries. A buffer zone, which is the area or distance between industries and residential areas, is introduced to distance the residential area from the area of activity to reduce the exposure to pollution. The buffer zones vary based on the specific […]
Light industries in Malaysia are usually small businesses where companies produce their own products and are used by consumers. These businesses usually do not require a lot of capital to start. A buffer zone is a space or distance between an industrial area and a residential area that helps to maintain separation and reduce the […]
Since the country gained independence in 1957, Malaysia’s economic activities have shifted from primary commodities such as rubber and wood to industrialization over the years. To meet the growing needs of the business communities in terms of manufacturing and trading facilities and to attract more foreign direct investment, the Malaysian Government enacted the Free Zones […]
With the development of globalization, people are moving from local trade to international trade. Every government in the world has begun collecting taxes and charges on items that are imported or exported. The major reasons for levying taxes/duties are to safeguard domestic industries from foreign rivals, increase revenue, and restrict the flow of specific items […]