Sunday, June 16, 2019

6 Steps of Sdn Bhd company registration Malaysia for nonresidents


6 steps of company registration Malaysia for nonresidents

Why company registration Malaysia?
When think to expand business in Asian country, Malaysia name will knock in mind at first. Considering good return within short period after company registration Malaysia is one country. There population density is lower and education rate is 100 percent. Income Tax rate, SST is six percent and manufacture company’s tax are 15%. It is a big market and many development cities, KL, Johor, Selangor, Johor Bahru (border of Singapore) & Penang. Operational cost is lower than many Asian countries and global banking facilities. Less corruption that is not measurable inspire foreign investors to register Sdn Bhd company in Malaysia.



Zero Step: Process of registration Sdn Bhd Company
Well, the process of registration a Sdn Bhd company is easy, as company secretary will prepare all documents. At First, a proposed name will be checked if available then register through SSM. The name will valid till 3 months and renew before expiring. Put signature on papers where investors basic information is written. Declare that you are not bankruptcy and never imprisonment by financial and crime activities. Pass photocopy of your passport copy to company secretary and let her prepare draft copies. Pay the fees to proceed next step of incorporation through SSM. For important information, before start of registration must meet with real company secretary. Wait until incorporation papers are received by secretary to your hand.



Step 1: Time and cost of incorporation
To register Sdn Bhd Malaysia company might need 3 to 5 days unless propose name creates any issue. As name rejection is common practice by SSM. If 2 words similar found common with existing company name will be rejected your one. You are advised to propose 3 names that will be longer let, (Your main name) Asia Construction Sdn Bhd. The government cost of Sdn Bhd company registration Malaysia in Ringgit 1060. But there are some other registration costs involve such as:

1.  Secretary Cost

2. Address Use

3. Bank account open cost

4. Printing cost

5. Buy super form

6. Advisory fees

7. Miscellaneous fees

8. Company seal

9. Company chop by secretary cost

10. Board Resolution cost


Go for a package with “S & F Consulting Firm” in Ringgit 4000/- in total and no extra cost will be charged within one year. You may take board resolution as maximum as need with free of cost. Package is right choice to pick avoiding hassle in further.



Step 2: Share and investment Capital
You need in Ringgit 4000 to 5000 at the beginning to show your share capital for any nature of business. Increase share capital after advisory with representative of S & F Consulting Firm as maximum as need. For general trading company, we recommend of share capital in Ringgit 5000 at most. For export and import nature of business, we recommend showing capital RM 500000. For manufacture company we recommend for in Ringgit 1 million of Malaysia company. Initial Investment capital in paper can show in Ringgit 5000. Open a company first then apply for other require licenses. You might worry how to remit 500000 in Malaysia from overseas. You can deposit in cash step by step to increase capital and is requested to speak with S & F team to guide you.

Step 3: Benefits of company registration

Expanding business in overseas is a dream of foreign entrepreneurs. Some benefits will enjoy registering a company in Malaysia. International business flavor will get opening a business in Malaysia. The better favor can enjoy in Singapore, but cost will increase 4 times more than Malaysia. Business transparency, talent staffs, international banking, earning Dollars will meet the dream. Tax rate is reasonable, 6 percent and no income no tax. You can apply for residence visa for yourself and foreign employees once complete the requirement. Currency rate is 4 times shorter than US Dollar and a sustainable market. No political issue created even. Road and highways are very clean and never find dirty to plan in any cities.

Step 4: Disadvantages of registering a company
Beside advantages, some disadvantages are there such as visa, bank account, caught by fake consultant etc. After company incorporation, whether you do business or not must submit annual return is matter of cost. Many cases are found bank account application is rejected without valid reason. Local banks completely discourage to open banks account if the shareholders are foreigners. You will like to apply for work permit to stray in Malaysia to look after business. But it is true that 98 percent of applications are rejected by immigration people. Now, how will you continue business as already invested huge volume of money. Many cases, flying secretary are caught that you never understand at the beginning. Later, at the time when post registration services just started will see the real problem. life will become hell and at an end wind up Malaysia business.

Step 5: Bank Account
Local banks will never assist to open bank account and revoke indeed if shareholders are foreigners. Your company is opened successfully but bank account still pending. You never be able to open bank account and time is going on and return submission time is near to door. Now, what will you do continue or wind up business? Are you worried about bank account being nonresident in Malaysia Company? We guaranteed you to open bank account with foreign banks, rate is 100%. Contact representative of S & F Consulting Firm as expert on Foreign Investment since 2012. Maybank, AM Bank, Public Bank, RHB and all renowned banks will reject your application is ensured 100%.

Step 6: Visa Issue and MM2H
How can you continue business unless obtain visa to live in Malaysia? Your application will be rejected 98% guaranteed. As visa is issued by immigration department and if they are satisfied in heart. You will submit along with all requirement and wait for 3 months to 12 months for the result. In that case, we recommend choosing MM2H, Malaysia My Second Home Program. Contact S & F Consulting Firm to guide you for MM2H. As it is 100 percent guaranteed of approval by 3-4 months.

Conclusion
There are many problems to do business in Malaysia still many opportunities inspire investors to start business. Like, MM2H is a good plan can choice to live in Malaysia for 10 years and do your own business. You are permissible to bring family members along with you and allowed them by law to live 10 years. Easy to earn Dollar as foreign clients always carry Dollar and Ringgit. That is more valuable than your own country. Government is transparent and behavior of people are wonderful. Do whatever you like and earn how you can by legal way. Investor will feel peace in in mind registering sdn bhd company.

Steps of company registration Malaysia for nonresidents


Question and Answer

a)  Which bank is better for foreigners?
OCBC, UOB and Standard Chartered bank

b) How to start a business in Malaysia?
Contact S & F Consulting Firm to guide you.

c)  Do we need local partner to open a company?
No, no need at all.

d)    How to contact and find real company secretary?
Contact S & F Consulting Firm Asia Sdn Bhd. You will be allowed to discuss with their own company secretary about your business advisers.

e) How much fees should pay to consultant?
At the beginning 50% in advance and rest of them after company incorporation.

f) Can I get assurance of residence visa in Malaysia?
Yes, can. Apply for MM2H through channel of S & F Consulting Firm.

g) Can I hire nominee director?
Yes can, you can hire nominee director for the company by Ringgit 3000/ yearly fees.

Read More »

Sunday, April 28, 2019

Signboard License Malaysia

How to apply of signboard license in Malaysia as local and foreigner? Actually, signboard license need to start business legally. Without signboard license doing business is punishable offence. Maximum amount of penalty might be country Ringgit 30000. So, never take lightly to obtain license. In case of Sdn Bhd company, after registering from SSM, apply of signboard license. You must have tenancy agreement and well decorated physical office. Virtual office holder is not allowed to apply of signboard. If business is located inside of business where seems signboard is unnecessary. But still signboard license is necessary where you hang in front or now. Never forget to renew before expiry of signboard. Signboard and premise can apply together. It is identity and brand of a business. When customers visit your office and found no signboard in front seems fake business. So, signboard play a viral role of your business, never underestimate. Following papers need to apply of license:-


  • Tenancy agreement
  • SSM copies and super form
  • Take picture of place where signboard will hang
  • Fill up DBKL form
  • Take prior approval of Bahasa language
  • Once approve then apply to DBKL, local council hall
  • IC and passport of the shareholders
Premise license application process are as follows:-
  • Take pictures of office furniture
  • Fill up application form
  • Draw layout of office
  • Attach tenancy agreement
License is valid for 1 year and apply before expiry to extend. Many consultancy firms in Malaysia never advise customers what are the permissions need to run business. Once company incorporation is done by Secretary take money and secretary disappear. Now customers alone face problems are come back to expert to solve issue. All of them are company incorporation service provider and not a good adviser. We have noticed many company incorporation firms have borrowing secretary who will not come in office but execute services from its own work station. As a result customers do not get a proper guide line. 


DBKL and local council hall are responsible to issue signboard license for your company. DBKL also provide many other business licenses. Fees of signboard license are not more than Ringgit 2000 including professional change. To complete whole process will take 2-3 working days unless any serious issue comes in.

Apply of signboard license if try yourself will face problem. As you do not know the measurement and procedure of application. Bahasa language approval is must before submit to DBKL. Malaysia, there are many businesses opportunities and all of them need signboard. 

Contact "S & F Consulting Firm" to assist you obtaining signboard and premise license along with any business licenses. Export, import, halal, manufacture, kindergarten and many more licenses need to start business as nature of business.

Address: A-03-13 Tropicana Avenue, No 12 Persiaran Tropicana, Tropicana Golf & Country Resort PJU3, 47410 Petaling Jaya, Selangor, Malaysia, Contact: +6011 36 90 18 90 (Whatsapp available)
Read More »

Thursday, January 17, 2019

Top Accounting Firm in Bangladesh


Best Accounting Firm in Bangladesh

Why S & F CONSULTING FIRM LIMITED is the best accounting firm in Bangladesh? Accounting services cover a) Bookkeeping b) Profit and loss accounts c) Journals d) Ledger e) Bank reconciliation. As Company Act 1994, all corporations have to submit annual return to Registrar of Joint Stock Companies and Firms (RJSC). Complete accounting report is looked into by Auditor with supporting papers. Once auditor is satisfied then signed by auditor to process of return.

How long takes
Time to prepare accounting in Bangladesh

It depends number of business transactions and volume to prepare whole accounts. Besides sometimes raw data and supporting papers are not ready. Smart companies may have data entry accountant to keep update daily transactions in accounting system. Pick time takes longer May, June and July so it’s suggested to assign in off pick time.

How much is fees
Fees to prepare accounts in Bangladesh

A-Z preparation might be costly that around Taka 40,000/- and above. In case of fewer transactions accounting preparation might cost of Taka 20000-30000/-. Some of companies like to outsourced and ask to get monthly accounts report by limited budget, Taka 10000/-

Top Accounting Firm in Bangladesh
What is the different between accounting and audit?
 Accounting- Profit and loss accounting preparation by whole years expenses and income information. To check monthly financial picture of business accounting is need. Accounting might prepare basis and monthly basis depends on company health status. Those have no own accountant can also have own profit and loss calculation.
Audit- A professional person who is eligible can deserve right to sign on accounting report. Auditor generally check accounting report and check all upon supporting papers. Audit might hold 2-3 times in big companies whereas small companies might have one in year.

Why need accounting service?
You like to hire an accountant in Bangladesh for your business? Salary might be Taka 25000-40000 per month. If you look for experienced have to top up salary at Taka 50K plus. Do you think your accountant is posting in proper way? Are you satisfy on accountant? External accountant can assist to give your right picture of financial as trustworthy. As outsourced accountant will know no one personally. And team of S & F Consulting Firm Limited are very strict to handle this case. Making happy to customers is first priority. You can outsource with S & F by your budget and get comfortable service as they are expert on Foreign Investment Law. Foreign Accounting service companies hire local accountant expert to meet customers need. S & F is base on Bangladesh who has Chartered Accountants in own.


You can contact as follows:
S & F CONSULTING FIRM LIMITED
Mirpur, Dhaka
Contact: +8801790220728 (WhatsApp)
Email: info@sfconsultingbd(dot)com

Why S & F Consulting Firm is the best?
Why S & F is the best for accounting service

S & F Consulting Firm Limited is a business advisory and accounting service provider only to FOREIGNERS. You MUST know foreign investment law (FDI) is different than local law. S & F is expert on FDI law and team of S & F well-known to handle foreign companies since 2012. Fee of S & F are not expensive but reasonable.

Small, Medium and Large Company service
As law, all companies have to submit accounts and audit report to Income Tax Department (NBR) and RJSC. So, why not contact S & F to guide you preparing accounting as FDI law. Why large industries will contact S & F as they have own accountants? External team can surgery your business to remove pain.

Our fees schedule
Business Volume (Taka)
Number of transactions
Fees (Taka) Yearly
10 Million
Less than 120
60000/-
Less than 20 Million
Less than 250
100,000/-
Less than 30 Million
Less than 400
150,000/-
Above 40 Million
Huge
Negotiable.


Read More »

Wednesday, January 02, 2019

How to apply signboard license Malaysia

Tips of signboard license Malaysia

1. Document

  • To apply of signboard license tenancy agreement copy, layout plan, picture of office decoration are need to supply in DBKL (local counsel) office.


  • Put company name properly in tenancy agreement and no partly rental agreement 
  • Apply and wait for next 3-5 days to collect license

2. Cost
  • Government fees in less than Ringgit 200 but in case of rural area cost might increase up to RM 2000.
  • Professional fees Ringgit 2000/- 
  • S & F CONSULTING FIRM will assist to apply and collect license copies (A-z service). 
3. Signboard size
  • There is a size have to fix before application
  • Along with location of signboard to hangout
  • In terms of out side signboard hangup need to pay additionally, depend on size

Contact address
A-15-03 Tropicana Avenue, Petaling Jaya, Malaysia
Service: Company Registration in Malaysia for Foreigner, Accounting and Tax service.
Read More »

Monday, June 18, 2018

Guide to setup business in Malaysia

How to register a company in Malaysia
It's not easier to setup SDN BHD company in Malaysia as foreigner rather run a business after setting up in major concern. Let business setup is done, but you are not given employment, expatriate or any visa to live and/ or stay a long time to look after business! Now, who will take care of business, local staff? NO.

Step 1: Open LLC (Sdn Bhd) Company
Step 2: Open Bank Account
Step 3: Rent physical office with a tenancy agreement
Step 4: Apply for signboard and premise license
Step 5: Apply for import and export license (if need)
Step 6: Apply for ESD towards visa (employment pass)

A lot of problems with local, Malaysian staff!


Every local staff will take advantages if the director is absent as got no visa to live. Which one will come first Visa or Business setup? 
How to register a company in Malaysia

Business setup takes 7 days after then many other licenses/permission need along with company incorporation, Sdn Bhd. Let, 1) bank account open 2) Signage 3) SOCSO and EPF 4) Export/ import 5) Halal 6) WRT 7) ESD 8) Visa application

Unless follow all steps will be a problem to set up business in Malaysia. 


How to register a company in Malaysia
Setup office in Kuala Lumpur, Selangor, Penang, Johor Baru, etc in your desired location. General trading, service, manufacture, export, import, restaurant, small business and any types of business can startup as a foreigner and hold 100% shares ownership. Ringgit 4000 at first show as paid up and later increase up to 1 million if like to apply of visa as director of the company. More detail may find here to know all the steps of how to register a company in Malaysia.
Read More »