Monday, January 6, 2020

DBKL application – Signboard license in Malaysia

January 06, 2020 0
DBKL application – Signboard license application in Malaysia

Here is some frequently asked question about DBKL license in Malaysia, see the answers below:

How to made an application for a business license?

License application can be made through the following ways:
  • Get the application form and register at the registration counters: Level 5, DBKL Tower 2, Jalan Raja Laut
  • Download the application form and send to the above registration counters. Download Form
  • Online Application via e-Licensing System.

What is the payment method of the license application?

License is payable annually on the term of the license is in a dynamic (not necessarily end on December 31 each year).
License payment can only be made at DBKL payment counter by:
  • Cash
  • Money Order
  • Remittances
  • Bank Draft on the name of BENDAHARI BANDARAYA
  • Credit Card

Why is the approval of a license may be revoked?

License may be revoked through two ways:
  • Application for revocation of a license by the licensee itself or
  • Approval of the license is revoked by the department on the grounds of breach of licensing conditions.

In the event of loss of license, how to get a copy of the license?

Licensee may obtain a duplicate copy of the license from the Finance Division, Business Facilitation and Petty Traders Management Department. Fee will be charged.

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Wednesday, December 18, 2019

Consultancy Service for Company Incorporation in Malaysia

December 18, 2019 0
Malaysia seems to be a favorable destination to set up companies. Every day numbers of companies are emerging ready to beat the market competition and join global corporate rally. Just like all other countries in the world, Malaysia also have a set of governmental rules and regulations that a local as well as foreign entrepreneurs need to follow in order to setup up a company in Malaysia. Such requisitions call for company incorporation consultancy services in Malaysia.

Consultancy Service for Company Incorporation in Malaysia

Any new company formation must go through proper incorporation consultancy or else the governmental compliance will not be met. This in result will naturally lead a new business to an uncountable governmental and legal complicacy during the business registration process.

Malaysian companies, however, are sufficiently alert about such issues. No investors would like to fall into a complicated maze of governmental and legal compliance issues after investing a good chunk of capital in a new venture.  The Companies Commission of Malaysia; in Malay which is called as Suruhanjaya Syarikat Malaysia or SSM makes a clear statement before all existing or upcoming entrepreneurs regarding various rules and new updates of starting companies in Malaysia.

However, to make things even more convenient for the company initiators, Malaysia has several consulting services that deals with company incorporation and other relevant business formation process abiding under the legal and governmental consents of Malaysia. Business consulting firms are typically providing the following services in Malaysia:
  • New business incorporation services
  • Corporate bank account opening
  • Secretarial service
  • Company accounting service
  • Virtual and shared office services
  • Taxation services
  • Auditing services
  • Business law related advices
  • Any relevant corporate advices

Following are the company registration services typical Malaysian business consultancy firms offer to their clients:
  • Company name search
  • Name reservation process with SSM
  • Assist is preparing MoA and AoA
  • Processing and deliver of paid up capital
  • Paying registration fee of RM1,000 to SSM for registration
  • Drafting and registering SSM forms
  • Prepare resolutions meeting intended for board of directors
  • Assist in corporate bank account opening
  • Assist in arranging and collecting incorporation documents
  • Apply for EFP and SOCSO

Services we are offering

S & F consulting firm is one of the renowned and top-notch business consulting company headquartered in Malaysia is offering relevant services for business entrepreneurs. The company, just like other top ranked business consulting firm registered with the SSM and work under the rules and regulations of the government. This company offers all those services listed above, additionally, they are offering business secretary services, and virtual or shared office services as well. 
Moreover, a valued client here gets 24/7 corporate services relevant to business registration and incorporations procedures. Lastly, the company is ready to provide expertise and experience business experts and legal personnel who can resolve all the queries and confusion regarding company formation in Malaysia.

Related Article:

Company Secretarial Services in Malaysia

Registering your company online Malaysia

Registering a company in Malaysia as a foreigner

Malaysia Business Registration- Sdn Bhd Company

Sole Proprietor/ Partnership Business Registration in Malaysia

Read More

Tuesday, October 22, 2019

Registering your company online Malaysia

October 22, 2019 0
Malaysia is Southeast Asia’s biggest nation. Having 13 states and a rapidly growing economy, Malaysia could be the perfect place for you to register your company. Widely regarded as a tourist hotspot, Malaysia ensures that you will always have a dynamic and ever-changing customer base for your company.

Registering your company online Malaysia

Moreover, with its racially and ethnically diverse population, as well as with a large community of expatriates, you will never feel out of place in Malaysia. Furthermore, English is widely used across the country despite the official language being Bahasa Melayu. This ensures that you will always have easy means of communication with anyone or any other business entity. So if you had any reservations, we hope this put them at ease.

If you are interested in setting up your company in Malaysia, contact us at S&F Consulting. We are a business consultancy group who are officially registered in Malaysia. As such we are qualified to assist you in whatever endeavors you may have in Malaysia. Therefore, do not hesitate to contact us!
Fortunately for you, the SSM in Malaysia now has an option to register your business online. This does not mean that the option to go to the physical SSM counter has been taken off. You now have the choice to select whichever is most convenient for you.

To register your company online, you may visit their website here. The biggest advantage to registering your company on their web-based portal is that it’s available online 24 hours, on all days of the week. Meaning that you may register your company regardless if it was a weekend or a public holiday.

For additional information, the Companies Commission of Malaysia, or in BM, the SSM (Suruhanjaya Syarikat Malaysia) enforces the Companies Act. The SSM is the authoritative body that looks over all affairs with regards to businesses and companies in Malaysia. This is a merging body formed in 2002 between the two prior different bodies; the Registrar of Companies and the Registrar of Businesses.

Types of company formations allowed under the Companies Act 2016
  • Limited Liability Company
  • Unlimited Liability Company
  • Public Company
  • Private Company
For your ease of understanding, below is a guide to online company registration. You may use it as an overview of what the process will entail for you.

Guide to Online Company Registration in Malaysia

Step 1- Website

Firstly, make sure to visit their website here.

Step 2- Register for an account

In order to register for an account to use their website, you will have to enter the following details:
  • Your identification document type
  • Your identity card number
  • Your name as stated on the identity card
  • It should be noted that if you are not a Malaysian national, you will have to be a permanent resident of Malaysia in order to register online. Moreover, you will also have to be above the age of 18 to do so.

Step 3- One-time account activation

Next, you will be asked to pay a visit to the closest branch office of the SSM to receive an activation for your account.

Step 4- Logging in

Now that you have your account information, you may log in. Then you will need to go to the section to register for a new business. From this step onwards, all proceedings are identical to those needed when applying at a branch office.

Step 5- Company name and Name search

Next you will have to register your official company name. The SSM requires you submit three potential names, wherein they will choose one. You may use the website to see if the name you want is available.

Step 6- Completion of forms

You will need to complete the following forms with the relevant details:

  • Form BORANG PNA 42 (You may download it here)

This form is with regards to your company name and your business activities.
  • The next form is form BORANG A (You may download it here)

This form is with regards to your company registration and requires the following details:

Business Details:
  • Name
  • Official Address
  • Partnership agreement status
  • Telephone number etc.
  • Description of business activities
  • Details of owners/shareholders/directors/secretaries

Do note that these forms are in Bahasa Melayu (the official language of Malaysia) and will require you to get them translated to the language you prefer.

Step 7- Submission
  • Once you have completed the details, you may submit the forms digitally along with the registration fee.
  • The registration fee carries a cost of RM 1000.
In summation, while the process may seem complicated, we assure you it is not. By following the steps systematically, you will be able to register your company in Malaysia very easily. If you have any reservations or queries, do contact one of our friendly customer service team members. As they are online 24/7 they will be easily able to assist you on whatever you need.

Frequently Asked Questions

How much will this cost?

The registration fee is RM 1000, but you may incur additional costs if you request changes in the middle of the registration process.

Can I choose someone for helping me?

If you’re a foreign national looking to establish your company in Malaysia, we are here to help you.
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Sunday, September 22, 2019

Identifying manufacturing companies in Malaysia

September 22, 2019 0

There are numerous numbers of manufacturing industries that are doing their part of role in pushing up the economy of Malaysia. Without any doubt, manufacturing sectors are a crucial Lego piece that is completing the economic structure of this nation. This is because in modern world a person cannot think a single day without using products that came from manufacturing companies. As a consumer our daily requirement ranges from morning cereal to personal car, all these are either produced from the scratch or assembled in manufacturing industries. 

Identifying manufacturing companies in Malaysia

Here in this country manufacturing companies consist of industrial machineries, automated assembling technologies, Heavy duty bespoke computers to manage industrial machineries as well as industrial compliances and finally human labors. All work in proper synchronization to be more efficient and accurate in manufacture quality consumer products. Nowadays almost all consumer products we see in markets come from manufacturing companies. In this article we are going to acquire some knowledge on various manufacturing companies and will highlight several prominent manufacturing industries actively working in Malaysia.

Malaysia has a strong goal to be a well- equipped business-oriented country in near future. The country’s government and professionals as a result, is working hard to achieve that goal. Providing various facilities is this field is the primary stage of reaching that goal. Government here is giving sufficient flexibilities in resources collecting, local business policies, licensing regulations, transportation facilities, labor availability, premises allocation and cost allocating factors.  

As a result, in recent years many new manufacturing companies have been established in Malaysia. Old running companies are upgrading and reinventing themselves in the corporate field. New ones are coming up with brand new concepts, technologies and work facilities. According to corporation departments, many more investors are waiting in queue to getting the required permissions to establish their business in Malaysia.

Manufacturing companies in Malaysia can be small, with minimum assembly lines to manufacture small quantity of end products. This can also be giant ones, equipped with latest automated technologies and big workforce to manufacture market competitive products for local as well as for export purposes. Keeping aside those flexibilities and facilities, manufacturing companies have to deal with legal regulations to initiate the business. Whatever the production quantity a manufacturing industries make each year, these industries must deal with countries regulatory body too. So, expect strong over watches on your company’s activities, when running the business in Malaysia.  Remember that such scrutiny ensures legal parameter any kind of security and safety of the nation.

Three main items are prioritized in manufacturing field in Malaysia. These are household products, electronic and mechanical items (Assembly and manufacturing) and food manufacturing. The work processes in most manufacturing companies are same. All industries have their own assembly and production lines. These companies maintain their respective working schedules to gradually develop their final goods.

Here are few prominent manufacturing companies in Malaysia:

  • Ingress Precision SdnBhd
  • Malaysia Steel Works (KL) Berhad. (7878-V)
  • Techbond Manufacturing SdnBhd
  • Rengo Packaging (Malaysia) Sdn. Bhd
  • AVK Valves Manufacturing Malaysia Sdn. Bhd.
  • Nestle Manufacturing (Malaysia) Sdn. Bhd.
  • Nestle Products SdnBhd
  • Daikin Malaysia Sdn. Bhd.
  • MIT Technologies – MIT Innovation sdn. Bhd., MIT Servicssdnbhd – 1 CNC Manufacturing Center
  • Polymer Composite Asia (PCA Malaysia)Ksp Manufacturing SdnBhd
  • Chemical Industries Council of Malaysia @ Wisma FMM.
  • Malaysia Transformer Manufacturing Sdn. Bhd.
  • HICOM-Tech Malaysia Sdn. Bhd.
  • Siemens Malaysia Sdn. Bhd.
  • OLYMPIC CABLE COMPANY SDN. BHD. (Malaysia Factory)
  • Novartis Corporation (Malaysia) Sdn. Bhd.
  • Hino Motors Manufacturing (Malaysia) SdnBhd
  • Malaysian Pharmaceutical Industries SdnBhd
  • Biotropics Malaysia Berhad
  • etc.

One thing you must know that, these manufacturing industries can either be registered as a Private Limited Company (SdnBhd) or Public Limited Company, BHD, depends on the nature of the business, capacity, market shares, business process and policies. So, the final verdict is that manufacturing sector is once again making the revolution in Malaysia. The sector is clearly prioritized above most of other field available in Malaysia. From agriculture to life-saving medicines, from electronic products to food and beverage products, manufacture industries are taking over almost every field you can think of.
 Read Also: Registering a company in Malaysia as a foreigner - Biz Blog Writer

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Wednesday, September 18, 2019

Best online business ideas in Australia

September 18, 2019 0
Online business or e-business is where the functions of a business such as transactions, information sharing, distribution of products and services and other office activities are done online.

In Australia, the online business has been developing from time to time. It is one of the profitable ways to do business in the country.

Best online business ideas in Australia

Factors to start an online business:

  • Successful financial record
  • Online community size
  • Authenticity of the brand including the logo and brand
  • Personal opinion

Steps for starting an online business in Australia:

  • Deciding a business structure
  • Check and register the chosen business name
  • Materials for business
  • Type of business
  • Availability of websites
  • Website team to be selected
  • SEO providers and other specialist
  • Contractor agreements such as clear timelines for delivery, payment in phase which is not upfront, website ownership and software code.
  • Actions for complaints
  • Checking the legal system and honest providers
  • Establishing good system
  • Securing system of customer to purchase

Website terms and conditions:

It is an important notice where it gives legal notice showing the rules that site visitors and customers should agree according to the site and services. For a person who is setting an online business, it is important for them to notice the importance of website terms and conditions. Having this information, it helps in protecting the customers liability depending on the limitations.
  • Rights and responsibilities of the customer
  • Rights and responsibilities of the business running the website
  • Legal requirement which compiles with the website
  • Business liabilities limits

List of online business ideas in Australia:

Flowing businesses have huge demand on marketplace, hope this short details of ideas will help you:

Resume and Selection Criteria Writing:

Resume and Selection Criteria Writing

In most interviews, “first impression is the best impression” and resume plays an important role in it. Not everyone has an attractive resume therefore, setting up a business which helps in creating resumes for an individual is a good online business. There is no necessity to be trained in order to ne a resume writer.

Online Boutique:

Online Boutique

Just like amazon, eBay, flip kart, etc. except for its vast amount of website setting up a website just for boutique will be a good online business. an online boutique business can also increase its business by adding accessories shopping.
Boutique shops can be done with various themes. It can be a cotton collection, winter collection, elegant collection, sports collection, baby cloths collection and many other collections.
Online boutique marketing can be easily established in modern methods of marketing like digital marketing and social media marketing like Facebook, Instagram, etc.

Freelance Writer:

Freelance Writer

Freelance writing can also be done part-time. A freelance writing can also be similar to copywriter but the difference of marketing purpose.
Along with this type proofreading freelancing can also separately be done. Proofreading is to correct and make changes of the writing. Overall the definition is to edit the writing of an article or any report.
This online business is recommended for people who travel and would like to earn continuously.

Multi-Level Marketing:

Multi-Level Marketing

In this type of business, a person is to give the products to sell and should be an employer to choose employees in their group to do the same function. It is not a very interesting work to do, it is only for the matter of money transaction.
Digital marketing technology has overtaken everything. Which includes door knocking to door bell. This is a large business to work from home.

Website Designer:

Website Designer

A website deigning can also be done by a graphic designer. A website designer business may not necessarily be done by a professional, it can also be done by any person. There are numerous online courses on site where a person can easily learn and develop their skills based on their interest to work on this specific skill.

Related articles: Procedure to start a small business in New Zealand -at Biz Blog Writer
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Wednesday, September 11, 2019

MyBiz Mauritius

September 11, 2019 0
MyBiz is a SME one stop shopping place which is founded in Mauritius. MyBiz was launched in 14thDecember 2015 by the Minister of Business, Enterprise and Cooperatives, Hon. Soomilduth Bholah. This was also presented by Hon. Vishnu Lutchmeenaraidoo who is the Minister of Finance and Economic Development.

MyBiz Mauritius

MyBiz offers buyers the opportunity to change and improvise the procurement, confirming the purchase contract and reduce the contact of operational overheads. The purchase process becomes harder from to time sine there are several organizations to notice the purchase power which is draining because of less sources of procurement functions. In big companies the purchasing functions are quiet out of contract, they are not enough and the ordering procedure is quite expensive.

The one stop shopping type is a general business development services which is responsible in for presenting the projects and recognizing the needs of SME. It also helps in getting the information for competitive entrepreneurs and drafts of business plan. As per the application process, MyBiz is responsible for giving license permits and clearances from ministries, local authority, public usages among others. Such administration formats are done in the same place. 

It takes care of the specialized services of business development which provides technical advices and assistance for the development of business projects. The export, international markets and trade promotion unit focuses on searching products which are competitive and markets which can be used for exports. 

The activities are checked and a time table system is done for one-stop-shop and is mandated to take immediate proper action so that risk can be faced at any moment. When there are exports which can be done in certain projects then there will be special services provided for the specific project. It also aims on the services such as funding by Maubank which helps the entrepreneurship development by not getting distracted.

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Procedure to start a small business in New Zealand

September 11, 2019 0
New Zealand is an island country located in the southwestern end of the Pacific Ocean. Known for its juxtaposition of scenic expansions of nature and highly developed cities, New Zealand is the perfect place to set up a business and settle down.

As a highly developed country, with ties to some of the largest economic unions across the globe, setting up your company in New Zealand would be most advantages. With its vast expanse of land in comparison to its relatively low population, New Zealand encourages new businesses to set up.

Procedure to start a small business in New Zealand

For new entrepreneurs starting a business may seem impossible. However, don’t be put off even before you start! Here at S & F Consulting, we specialize in business consultation and are officially registered agents in New Zealand. As such, we are qualified to act on your behalf for whatever task that needs completion. So, in the meantime, you can concentrate on honing your product. Below we’ve outlined a guide on how to start your business in New Zealand.

We understand that it is tempting to start immediately when the rush of adrenaline is still fresh. However, before starting a small business- it is always a good idea to step back, and ponder hard about your business plan.

Steps to starting a small business in New Zealand

  • Step 1- Think of your business plan

Think of these key factors before starting your business registration:
The potential market for your product
Who are your competitors?
An estimated business timeline- do you have a profit goal for the first year?

  • Step 2- Think of your business structure

As you would like to start a small business, we recommend you choose a sole proprietorship. This is because a sole proprietorship is the easiest structure for a single individual to manage. All profits will be yours and you will be able to own 100% of your business. Moreover, you may employ other people at your discretion. If you would like to expand your business in the future, it will also not pose any difficulty to register as a company.

  • Step 3- Creating a budget

Now that you’ve selected your business structure, creating a budget should be your next step. Consider the following:

How much to invest as a startup capital
How much will various registration fees involve?
What are the potential profits in a year?

  • Step 4- Securing your business name

You may conduct a name search on the website for New Zealand’s registrar of companies. If your name is unique, for a small fee you may reserve it as well. This may cost you $10.

  • Step 5- registering officially

Once you’ve registered your business name, you may want to register your business officially with The Companies Office of New Zealand. While this is not compulsory, it can help you secure a trademark.

  • Step 6- Physical location

If you are not conducting your business online, a physical location is of utmost importance. If you start a catering business you can operate from the comfort of your own home- but if you choose to open a bookshop it would be best to stay away from busy streets. Thus, an address may make or break your future profits.

  • Step 7- Marketing

As a small business, you will find, that to flourish, smart marketing is your best friend. And it does not even have to cost money! Many new entrepreneurs now rely on social media to effectively market their business. This is because most major platforms are completely free to use. Moreover, it is possible to gain a large following within a relatively short span of time, ultimately bringing more traction to your business. Recent studies have shown that food related businesses such as cafés gain more customers by engaging with their audience on social media.

  • Step 8- Accounts

While this step may be optional, we highly encourage you to always keep accounts for all business transactions. This is because over time you can analyze trends and draw beneficial data from them to improve your business.

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