Published on: Jul 29, 2019
Based in the heart of Kuala Lumpur, the team of highly experienced experts will provide corporate services to local and international companies looking to enter Malaysia and expand their operations
Recently crowned as the best country in the world to invest in or do business for 2019, Malaysia is an attractive place to set up a company. Despite trade tensions between China and the USA Malaysia’s economy is forecast to expand 4.3-4.8% in 2019 thanks in no small part to a diversified and developed economy.
A mainstay of the economy is manufacturing, Malaysia is the seventh largest electrical and electronics (E&E) exporter in the world today, for example, contributing 38% of total exports last year, generating a trade surplus of RM119billion. The start-up scene is also flourishing in both Penang and Kuala Lumpur with hundreds of new companies incorporating over the past few years, there is even a push to develop a digital and drone start-up ecosystem in Malaysia!
This economic growth is underpinned by world-class infrastructure including Kuala Lumpur International Airport (KLIA) which connects the country to the rest of Asia, a growing Middle Class, educated workforce and a stable political climate.
Malaysia is attracting an increasing number of international firms and entrepreneurs from Europe, the USA and the rest of Asia looking to use the country as a springboard to wider growth. This is why Alpadis Group are excited to announce the opening of our office in Kuala Lumpur.
Alpadis Group are now able to lean on years of experience and expertise operating in Malaysia (from our other office in Labuan) and Asia to support companies as they start and continue their business. It is vital that companies are in compliance with the numerous laws, rules and regulations that exist, we handle all the administrative and compliance tasks associated with operating their company according to local laws, allow them to concentrate on their own success.
Our services include:
Our team will set up your company in accordance with the prevailing laws of Malaysia at the same time ensuring that your company enjoys the unique advantages available in this market
We assist companies to meet their respective accounting and tax requirements in Malaysia and comply with the latest accounting standards and regulations. Our services include bookkeeping, preparation of financial statements, consolidation and management of statutory accounts in compliance with Malaysian and international standards
We work with our clients to ensure that their companies are fully compliant in Malaysia (and any other jurisdiction they operate in). Our services include company administration, statutory filings, bank account opening, registering local offices, provision of company secretaries, directorships and FATCA/CRS registration and reporting services
We assist clients to rent or acquire premises, recruit local staff and ensure that their employment status is compliant with Malaysian law. You can also benefit from a comprehensive payroll service for your staff, including salary calculations, tax deductions, social security and pension contributions
In addition to Corporate Services, we will be assisting clients on how to best avail themselves of the numerous incentives and support programmes offered by the Malaysian government. These include income tax exemption schemes for different industries from manufacturing to biotechnology as well as tax reductions and incentives for companies looking to make Malaysia the centre of their regional operations, among other initiatives.
With office in Zurich, Kuala Lumpur, Labuan, Hong Kong and Singapore, we understand Asia and the nuances of the region. If you are a large multinational looking to open a branch in Malaysia, a local company or an entrepreneur embarking on your start-up journey, contact Alpadis Group here