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Doing Business in Malaysia

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Submitted By yangquan
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Doing business in Malaysia

Contents

Foreword Chapter 1 - Introduction
• • • • • • • • • • • • • • • • • •
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

5 6

Chapter 2 - Intellectual property protection
Patents Trade Marks Industrial Design Layout Design of Integrated Circuits Geographical Indications

19

PKF – Doing business in Malaysia

2

Chapter 3 - Business Structure
• • • • • • • • • • • • •

Types of business structures Companies limited by shares Companies limited by guarantee Foreign companies and foreign investments Sole proprietorship and partnerships Trusts

24

Chapter 4 - Business Finance
Equity financing Loan Funding Grants & soft loans

28

Chapter 5 - Investment Incentives

Manufacturing Multimedia Super Corridor Status Operational Headquarters International Procurement Centres / Regional Distribution Centres

35

Chapter 6 - Accounting
• • • • • • • • • • • •

Statutory Accounting Requirements Audit Requirements Accounting Standards

60

Chapter 7 - Taxation

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

63

3

• • • • • • • • • • • •

Real Property Gains Tax Sales Tax Service Tax Stamp Duty Import Duty

Chapter 8 - Foreign Personnel & Immigration
Passport and Visa Requirements Employment of Expatriate Personnel Employment of Foreign Labour Work permits Permanent residence The “Malaysia My 2nd Home” Programme Accommodation rates

81

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