Wednesday, September 8, 2021

What are the Challenges of Doing Business in Malaysia?

 Malaysia is a country progressing, prodded by high innovation, a solid information base and capital-concentrated enterprises. Yet, having earlier information on the venture climate and data on the legitimate, bookkeeping and tax collection structure is fundamental for abroad firms. 

Home to a powerful business climate, mechanically imaginative firms and an all around created framework, Malaysia is an advanced country brimming with potential. Yet, working together can be a serious test without neighborhood information on the speculation climate. 

Supported by solid private speculation and utilization, development paces of more than 4% have become typical in Malaysia and are relied upon to remain reliably solid. Contrasted with other medium-with top-level salary economies where financial development rates remain at 1 to 2%, this is a solid approval of the nation's latent capacity. 

Malaysia, deliberately situated in the core of Southeast Asia, offers an expense cutthroat area for financial backers expecting to set up seaward tasks for the assembling of cutting edge innovative items for territorial and worldwide business sectors. It is one of the most innovatively created nations among industrializing countries in the ASEAN locale, and its cutting edge foundation is intended to serve the business local area. 


One of the most engaging parts of Malaysia is that its high development economy is upheld by a solid business climate. The World Bank and International Finance Corporation (IFC) rank it in fifteenth spot on the planet for simplicity of working together, however organizations ought to know that there are as yet a few obstacles to defeat when setting up in the country.

Starting a Business

should require around fourteen days to finish. An application ought to be shipped off the Companies Commission of Malaysia (CCM) on the endorsed structure (13A) to guarantee the accessibility of the proposed organization's name, before the Company Secretary plans organization consolidation archives and documents with the Companies Commission of Malaysia (CCM) all inclusive resource. Once these are finished, a financial balance can be opened, the business can enlist for labor and products charge, personal assessment, PAYE, Employee Provident Fund and Social Security.

Dealing with Construction Permits

Acquiring development grants has gotten a lot simpler in the country. Organizations should finish 11 techniques before the right enlistment measures are finished, taking a normal of 54 days to finish.

Getting Electricity

Most procedures when getting electrical connection will be carried out with Tenaga Nasional Berhad (TNB), which will conduct a site visit, provide an estimate, conduct external connection and install meters.

Registering Property

Enlisting property requires a legal advisor to direct important hunts and a business buy consent to be endorsed in their quality. The Memorandum of Transfer (14A) should then be shipped off the Stamp Office for settling and assessed by JPPH (Jabatan Penilaian Dan Perkhidmatan Harta), before stamp obligation is paid and the exchange is enrolled at the Land Office/Registry and also how to registry the business in Malaysia.

Getting Credit

The World Bank and IFC rank Malaysia in number one situation on the planet for simplicity of getting credit, with a decent open library and private agency inclusion.

Protecting Investors

Because of the solid administrative climate, financial backers are guaranteed of acceptable security in the country. By and by, Malaysia positions inside the best five on the planet in this class.

Paying Taxes

There are 8 duty installments to be made every year taking a normal of 188 hours of organization time to measure. Assessments on premium, land and vehicles ought to be considered on top of corporate pay rates and representative commitments.

Trading Across Borders

The expense of exchanging across borders is incredibly modest in Malaysia, underlining its situation as an assembling community in the core of Asia. Nonetheless, it requires more than 38 hours to send out and 43 hours to import, with a lot of reports to be ready.

Enforcing Contracts and Resolving Insolvency

It requires 425 days to implement an agreement, which includes exploring 35 strategies altogether. Settling bankruptcy requires 1 year overall, with a recuperation pace of 81.3 pennies on the dollar.

Culture

Malaysia's populace of more than 19 million occupants gives the outside business explorer an abundance of social issues. The three most conspicuous ethnic gatherings are Malays, Chinese and Indian, and these changing societies vigorously impact the Malaysian way to deal with business.


Friday, March 7, 2014

Foreign Direct Investment in Bangladesh-FDI

Foreign Direct Investment in BangladeshForeign Investment in BangladeshBOI BangladeshForeign Investment Guide Line in bangladeshForeign Investment opportunity in BangladeshDoing Business in Bangladesh.

Foreign Company Registration, Joint Venture, Branch Office, BOI permission, Work Permit, Visa, Factory set up, Legal, Tax, Office rent, so on.

S & F CONSULTING FIRM LIMITED is an international business consultancy firm incorporated as private limited company in Bangladesh.

Corporate Office:

www.sfconsultingbd.com
Email: contact@sfconsultingbd.com
Mobile: +880 01790220729 or, +880 01790220728
Dhaka, Bangladesh
Skype: forhadhossain79 , sfconsultingbd

Service area:
  • Foreign company registration ( 100 % foreign owned share, Joint Venture, Branch/ Liason/ Virtual office)
  • Legal
  • Accounts Audit
  • Income Tax
  • Company Secretarial
  • Management Consultancy
We are in all countries in Asia, Europe, USA, Canada, Australia & Africa
Required documents are:
a. Application Forms
b. Certificate of Incorporation
c. Memorandum of Association - MOA
d. Article of Association - AOA
e. Joint Venture Agreement (if any)
f. Attested copy of deed agreement for rental premises
g. Project Profile
h. Background of the promoters (shareholders)
i. List of Machineries indicating quantity and price
j. Copy of the relevant Loan documents
k. Pay Order/Bank draft for the fee


  • Government of Bangladesh (Ministry of Industries)/ BOI
  • Full name, address, telephone, fax numbers of the principal company, with country of origin;
  • Intended field of business in Bangladesh through proposed Branch Office;
  • Function of the principal company/firm in brief;
  • Date of operation of the proposed Branch Office;
  • Period for which permission is sought;
  • Proposed organizational set up of the company's Branch Office;
  • Initial approximate expenditure and operational expenses of the company's Branch Office and source and nature of inflow of money required for running the Branch Office for the purpose;
  • Certificate of Incorporation of the principal company and resolution of the Board of Directors to establish a Branch Office in Bangladesh, duly notarized and authenticated by the High Commission/Embassy of Bangladesh in the country of origin
  • Power of Attorney given in favour of The Law Assistant duly notarized and authenticated by the High Commission of Bangladesh in the country of origin.
  • Memorandum and Articles of Association of the principal company, duly executed, notarized and authenticated by the High Commission/Embassy of Bangladesh in the country of origin

Friday, January 24, 2014

German Company Registration Procedure (Lower cost/ Price/ Fees)

S & F CONSULTING FIRM LIMITED is an international business consultancy firm incorporated as private limited company in Bangladesh.

Lower Cost

Contact information: 

International Correspondence
Berlin, German
Email: contact@sfconsultingbd.com
Skype: forhadhossain79 , sfconsultingbd


Corporate Office:

Email: contact@sfconsultingbd.com
Mobile: +880 01790220729 or, +880 01790220728
Dhaka, Bangladesh
Skype: forhadhossain79 , sfconsultingbd
Service area:
  1. Foreign company registration ( 100 % foreign owned share, Joint Venture, Branch/ Liason/ Virtual office)
  2. Legal
  3. Accounts Audit
  4. Income Tax
  5. Company Secretarial
  6. Management Consultancy
The said services are given to the following countries:


Europe


USA, Canada, Australia

Thursday, January 23, 2014

Bangladesh Company Registration Fees/ Cost/ Price/ Foreign Company

S & F CONSULTING FIRM LIMITED is an international business consultancy firm incorporated as private limited company in Bangladesh.

Lower Cost

Contact information: 

International Correspondence
Dhaka, Bangladesh
Email: contact@sfconsultingbd.com
Skype: forhadhossain79 , sfconsultingbd


Corporate Office:

Email: contact@sfconsultingbd.com
Mobile: +880 01790220729 or, +880 01790220728
Dhaka, Bangladesh
Skype: forhadhossain79 , sfconsultingbd
Service area:
  1. Foreign company registration ( 100 % foreign owned share, Joint Venture, Branch/ Liason/ Virtual office)
  2. Legal
  3. Accounts Audit
  4. Income Tax
  5. Company Secretarial
  6. Management Consultancy
We are all Countries in Asia


Required documents are:
a. Application Forms
b. Certificate of Incorporation
c. Memorandum of Association - MOA
d. Article of Association - AOA
e. Joint Venture Agreement (if any)
f. Attested copy of deed agreement for rental premises
g. Project Profile
h. Background of the promoters (shareholders)
i. List of Machineries indicating quantity and price
j. Copy of the relevant Loan documents
k. Pay Order/Bank draft for the fee
Other:
  1. Factory: Approval of Factory Plan
  2. Bonded Warehouse License
  3. Registration of Local Investment Project
Industrial Registration Application
Application for BOI Industrial Registration with following supporting documents:
a. Project Profile
b. MOA
c. AOA
d. Land Information & Document
e. Machinery Details
f. Financing sources
g. TIN (Tax Identification Number)
h. Import Registration Certificate- IRC
i. Export Registration Certificate - ERC
j. BOI Recommendation Letter (for Visa)
k. Visa Application
l. Work permit
m. Environment Certificate
n. Social Compliance
Government of Bangladesh (Ministry of Industries)/ BOI
    1. Full name, address, telephone, fax numbers of the principal company, with country of origin;
    2. Intended field of business in Bangladesh through proposed Branch Office;
    3. Function of the principal company/firm in brief;
    4. Date of operation of the proposed Branch Office;
    5. Period for which permission is sought;
    6. Proposed organizational set up of the company's Branch Office;
    7. Initial approximate expenditure and operational expenses of the company's Branch Office and source and nature of inflow of money required for running the Branch Office for the purpose;
    8. Certificate of Incorporation of the principal company and resolution of the Board of Directors to establish a Branch Office in Bangladesh, duly notarized and authenticated by the High Commission/Embassy of Bangladesh in the country of origin
    9. Power of Attorney given in favour of The Law Assistant duly notarized and authenticated by the High Commission of Bangladesh in the country of origin.
    10. Memorandum and Articles of Association of the principal company, duly executed, notarized and authenticated by the High Commission/Embassy of Bangladesh in the country of origin
Bangladesh Bank
    1. Full name, address, telephone, fax numbers of the principal company, with country of origin;
    2. Place of incorporation and registration of the principal company in the country of origin;
    3. Name, address and nationality of the Directors of the principal company as well as their place of permanent residence;
    4. Authorized and paid-up share capital of the principal company, both equity and preferential (if applicable);
    5. Any share held in the principal company by Bangladeshi national or company registered in Bangladesh with full particulars (name of the shareholder, nationality, number and value of shares held);
    6. Particulars of the activity (trading/commercial/industrial/consultancy) of the Principal Company;
    7. Name and address of the Bangladeshi agent/representative if any (including nature of activities undertaken or the services rendered by Bangladeshi agent/representative and term including remuneration payable to agent/representative);
    8. Source of finance to the Branch Office in Bangladesh;
    9. Whether surplus earning, if any in Bangladesh, to be remitted abroad;
    10. Whether any foreign personnel will be employed; if so, a list giving the names and nationalities of such persons, their designation, period of employment, for working in Bangladesh and particulars of government approval for their employment;
    11. Certificate of Incorporation of the principal company, duly notarized and authenticated by the High Commission/Embassy of Bangladesh in the country of origin-two copies including one original;
    12. Memorandum and Articles of Association of the principal company, duly notarized and authenticated by the High Commission/Embassy of Bangladesh in the country of origin - two copies including one original;
    13. Resolution passed by the Board of Directors for establishment of branch/liaison office in Bangladesh duly notarized and authenticated by the High Commission/Embassy of Bangladesh in the country of origin-two copies including one original;
    14. Appointment letter of the local Manager/Branch Representative, if any, in the line of a Board Resolution duly notarized and authenticated by the High Commission/Embassy of Bangladesh in the country of origin;
    15. List of local employees if appointed;
Power of Attorney favouring the legal representative duly executed.