Incorporation of company
Let us take you through the relevant information with 5W2H!
What？
What is Limited Company？
A limited company is an independent entity with legal status, investors (shareholders) contribute money, and the chairman runs the company.
Who？
Who can set up a limited company?
- Can only established if you are over 18 years old
- Malaysian, Foreigner
- Non-Bankruptcy
Why?
- Create a professional image for your company and increase credibility
- Independent entity, personal and company assets will be separated
- It is easier for companies to obtain financing and expand their businesses,
Let the company get better profits
Where?
To set up a company, you need to provide a local and valid business and residential address.
When?
Personal income tax is 30%. You can consider setting up a limited company.
Because corporate income tax is fixed at 24%.
*It is more suitable to set up a limited company when you need financing*
How?
- Local citizens need to provide IC
- Non-citizens need passport and visa
How Much?
Need to concern
- Corporate tax
- Secretary Fee
- Nominee Director Fee
- Audit Fee
- Tax Agent Fee
- Account Fee
