Understanding the Malaysia Companies Act: A Guide for Business Owners
For business owners in Malaysia, the Companies Act 2016 (Act 777) serves as the primary legal framework governing how companies are incorporated, managed, and dissolved. It replaces the earlier Companies Act 1965 and introduces streamlined processes to enhance transparency, accountability, and business efficiency. Whether you’re starting a new business, managing an established enterprise, or planning…
WINDING UP OF LIMITED LIABILITY PARTNERSHIP (LLP) IN MALAYSIA
PROCEDURE FOR VOLUNTARY WINDING UP OF LLP 1.Obtain closure confirmation from EPF/ Perkeso /LHDN2.Submit final tax return to LHDN3.Obtain tax clearance from LHDN4.Send notice of winding up to all partners5.Publish winding up notice in newspaper6.Submit Application for Declaration of Dissolution of LLP*7.Submit Application to close tax file with LHDN*distribution of surplus assets (if any) after…
Frequently Asked Questions (FAQs) for Commencing a Business in Malaysia
1) How Can Professional Incorporation Company Firms Assist with Business Start-Up in Malaysia? Company incorporation firms help with the legal and administrative aspects of creating a business entity. This includes tasks like name searches, advising on company structures, providing a registered business address, and more. They can also assist in creating essential documents like Articles…
