With a lot of investors looking at Malaysia as an investment destination, there is a need for people to know how to go about starting their company in Malaysia. Malaysia offers a lot of opportunities to both local and foreign entrepreneurs to start their companies and flourish here. There is a good business environment in Malaysia. The government is in favor of more private companies being started in the country. It is easy doing business in Malaysia which also has a good number of educated workers who can be assets to your company.
3 E Accounting is a business consultancy company and we have taken upon ourselves to guide the new entrepreneurs through the process of starting their company in Malaysia. Before they go about their company registration in Malaysia they need to decide on a few things. Without having some concrete ideas of what business they want to run, it is not good to start the process at all. One of the first things you need for any business is to have a business plan. Without preparing this first, you cannot go about the job easily. This will also help you to know what your business will achieve in a few years from now. You should prepare your business plan after conducting a good market research on the product you wish to sell. Whether you are setting up a manufacturing unit or a trading company, you need to know the market your product will have. You should also know what finances will be required and how much you have in your hand. This will form the basis of what size of business you want to start. Once you have all these details then you can decide what type of company you want to open in Malaysia. There are several types of company options that you can choose from. Each has its own requirements, benefits and tax structures. If you are a local entrepreneur you can start a sole proprietorship, a limited liability partnership or general partnership, and company. For a foreign investor, the best options are either to open a locally incorporated company with a local partner or to open a fully owned company without a local partnership. Whatever be the type of investor you are or whatever company type you want to start it is better to have the support of a corporate consultant. A corporate consultant like 3 E Accounting can help you go through the Malaysia company incorporation process smoothly and start your company in full compliance with local laws.
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