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Corporate Bank Account Malaysia for Foreigners: Process, Challenges and Approval Tips
Introduction Setting up a business in Malaysia as a foreigner is relatively straightforward. Opening a corporate bank account, however, is often the real challenge. Although Malaysia actively welcomes foreign direct investment (FDI), banks operate under...
Accounting 101 for a Law Firm
Introduction Accounting for a law firm is fundamentally different from accounting for most other businesses. A law firm handles client money, operates on billable hours, manages trust accounts, and must comply with strict regulatory requirements...
Introduction Malaysia is introducing a 2% tax on dividend income starting in Year of Assessment (YA) 2025. This tax will apply to individuals who earn more than RM100,000 annually in dividends, with only the amount...
How to Close an LLP in Malaysia: Step-by-Step Guide (2026 Update)
Limited Liability Partnership (LLP) is a hybrid business structure that combines the features of both traditional partnership (partner-managed) and private Sdn. Bhd. company (namely-separate entity and limited liability). This structure was introduced in Malaysia on...
Cash flow is the lifeblood of any business, especially those operating in capital-intensive or cash-flow-critical sectors. A key component of corporate financial management in Malaysia is the payment of corporate income tax, which typically involves...
In today’s evolving corporate finance landscape, companies often turn to preference shares as a strategic way to raise capital. Unlike ordinary shares, they allow companies to secure funding without giving up control, while offering investors...
Malaysia is a vibrant destination for business and investment, attracting expatriates who wish to establish companies and work in the country. Securing an Employment Pass (EP) is a critical step in this process, requiring compliance...
Audit Exemption: A Relief Option for Malaysian Businesses
Regulatory compliance can be both time-consuming and costly for businesses, especially small and medium-sized enterprises (SMEs). To alleviate these burdens, the Companies Commission of Malaysia (SSM) has revised the audit exemption framework under Practice Directive...
Are you a foreign investor or company looking for expert compliance services in Malaysia, but finding it tedious to coordinate between different service providers? At POSH Corporate, we specialize in providing integrated company secretary and...
Introduction The Malaysian Income Tax Reporting System (MITRS) is a pivotal digital initiative introduced by the Inland Revenue Board of Malaysia (LHDN) to simplify tax compliance and modernize document submission processes. This platform aligns with...