BossBoleh

Articles

Learn how to start and properly operate a business in Malaysia. These articles are also useful for new business owners.

Information
Angie Ng Pey Hiong, Founder of Boss Boleh Sdn Bhd, Malaysia, was honored with the “Founder of the Year Award” at the ASEAN Startup Awards!
Posted at: 20-01-2025
Ng Pey Hiong, Founder of Boss Boleh Sdn Bhd, Malaysia, was honored with the “Founder of the Year Award” at the ASEAN Startup Awards! The recently announced ASEAN Startup Awards recognizes the most impactful and innovative businesses in the 10 ASEAN countries. Boss Boleh Founder Honored with “Founder of the Year” Award A number of… Continue reading Angie Ng Pey Hiong, Founder of Boss Boleh Sdn Bhd, Malaysia, was honored with the “Founder of the Year Award” at the ASEAN Startup Awards!
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Industry Guide
Malaysia Ups Minimum Wage to RM1,700!
Posted at: 10-01-2025
The Minimum Wage Order 2024 was gazetted on 4 December 2024 and will be enforced in two stages. Starting 1 February 2025, a minimum monthly wage of RM1,700 will apply to employers with five or more employees and those categorized as MASCO Employers. By 1 August 2025, the same wage standard will extend to all employers in Malaysia, ensuring fair pay for workers across the nation. Employers are urged to review and adjust salaries accordingly to comply with the new wage regulations.
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Audit
🚨 Sdn Bhd Companies No Longer Need Auditors? 🚨
Posted at: 03-01-2025
Yes, that’s correct—but only if your company meets the new audit exemption thresholds introduced by SSM! Download the SSM guide HERE This game-changing policy could save thousands on audit fees for eligible SMEs. However, companies still need to: 1️⃣ Submit Unaudited Financial Statements (UAFS) to SSM annually (MBRS submission fee, estimated cost: RM 1,000) 2️⃣ Tax filing : submit Form C to LHDN using… Continue reading 🚨 Sdn Bhd Companies No Longer Need Auditors? 🚨
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Information
Malaysia Public Holiday and School Holiday Dates Every Business Owner Needs to Know!
Posted at: 12-12-2024
Are you a business owner planning your next move? Whether it’s preparing for a personal getaway, scheduling your operations or launching a seasonal promotion, knowing the exact public and school holiday dates is key to staying ahead. Avoid surprises like peak travel chaos or unexpected downtime by syncing your business plans with the 2024–2025 holiday… Continue reading Malaysia Public Holiday and School Holiday Dates Every Business Owner Needs to Know!
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Information
Did you know that breaching trust as a director could land you in jail or even face caning?
Posted at: 11-12-2024
Recently, I attended a court session where a company director was charged under Section 409 of the Malaysian Penal Code. He faces a minimum of 2 years in jail, mandatory caning, and fines. This is the harsh reality directors face when breaching the immense trust placed in them. So, What Is Section 409? As a… Continue reading Did you know that breaching trust as a director could land you in jail or even face caning?
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Information
Are You Sure You’re Issuing e-invoices the Right Way?
Posted at: 26-11-2024
Are You Sure You’re Issuing e-invoices the Right Way? Here’s how to get it right with e-invoicing. The digital transformation of invoicing is no longer a future concept. It’s happening now! The Malaysian government has already started implementing e-invoicing in phases, making it mandatory for businesses to transition to digital invoicing. For businesses still relying on traditional… Continue reading Are You Sure You’re Issuing e-invoices the Right Way?
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Budget 2025
Tax Quick Guide: Forest City Special Financial Zone Tax Incentive
Posted at: 04-11-2024
Introduction of Forest City Forest City is an integrated residential development and private town located in Iskandar Puteri, Johor, Malaysia. It is situated in the southwestern part of Johor Bahru District, the second largest district in Malaysia by population. Forest City, with its combination of a duty-free island within a special financial zone, presents a… Continue reading Tax Quick Guide: Forest City Special Financial Zone Tax Incentive
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Budget 2025
Budget 2025: Introduction of 2% Dividend Tax
Posted at: 04-11-2024
The introduction of a 2% dividend tax, as announced in the 2025 Budget proposal, breaks the long-standing tradition of dividends being tax-exempt for individual shareholders. Starting from 1 January 2025, individual shareholders with annual dividend income exceeding RM100,000 will be subject to this new tax, catching many off guard. For high-income earners, this not only… Continue reading Budget 2025: Introduction of 2% Dividend Tax
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Industry Guide
Running a Travel Business? Here’s How to Get Licensed with MOTAC! ✈️
Posted at: 15-10-2024
Starting a travel agency in Malaysia requires proper registration with the Ministry of Tourism, Arts and Culture (MOTAC) to ensure compliance and legality. Follow these essential steps to obtain your travel agency license: Step 1: Register Your Company 💻Begin by registering your company with the Companies Commission of Malaysia (SSM). Your company name should reflect… Continue reading Running a Travel Business? Here’s How to Get Licensed with MOTAC! ✈️
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Business Strategy
Avoid SSM Fines? Showcase Your Registered Company Name and Number on Your Website
Posted at: 04-12-2023
Under Malaysia’s Companies Act 2016, it’s essential for businesses to display their full name and registration number on digital platforms. This practice, crucial for legal compliance, significantly enhances credibility and trust with customers, helping to avoid hefty SSM fines or imprisonment, and fostering better customer engagement and service.
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Incorporation
How to Establish and Set Up a Private Dental Clinic in Malaysia
Posted at: 02-10-2023
Thinking of starting your own dental clinic in Malaysia? Our guide breaks down the key steps and essential information to help you set up smoothly and compliantly. Dive in to get a clear roadmap for your dental business journey!
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Information
Setting Up a New Private Limited Company: What Should You Consider?
Posted at: 13-09-2023
Doing business in Malaysia, like in many other countries, can be intricate due to various factors such as regulatory environment, taxation system, etc.   It is common for businessmen to set up a Sdn Bhd (private limited company) for running their businesses in Malaysia. However, do you know what you need to consider and carefully look… Continue reading Setting Up a New Private Limited Company: What Should You Consider?
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Grant
Cradle Grant: CIP Sprint
Posted at: 18-08-2023
CIP SPRINT is a grant of up to RM600,000 for a maximum duration of eighteen (18) months, covers the commercialisation of tech and covers SMEs. It is a funding in the form of a conditional grant to assist entrepreneurs to fund their technology based business venture. Upon receiving the fund, the CIP SPRINT recipients are… Continue reading Cradle Grant: CIP Sprint
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Grant
Cradle Grant: CIP Spark
Posted at: 18-08-2023
CIP SPARK is a grant of up to RM150,000 for a maximum duration of eighteen (18) months, covers the development and pre-commercialization of for technology start-ups. It is a funding in the form of a conditional grant to assist early-stage entrepreneurs to develop and commercialize their product. Upon receiving the fund, the CIP SPARK recipients… Continue reading Cradle Grant: CIP Spark
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Business Strategy
Accelerate Business Expansion with CVIA and NCIA’s Incentives
Posted at: 01-08-2023
Unlock your business’s growth potential in Malaysia’s emerging industrial hub, the Chuping Valley Industrial Area (CVIA). Situated strategically in the Northern Region and backed by the Northern Corridor Implementation Authority (NCIA), CVIA is your gateway to new markets and extensive growth opportunities. Explore attractive incentives, including tax breaks, grants, and subsidized land the NCIA offers. Learn more about how CVIA’s location and supportive infrastructure can catalyze your business expansion. Join the ranks of successful businesses thriving in CVIA. Your journey towards business growth in the Northern Region begins here.
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Grant
MIDF Grant: Matching Grant For Bumiputera Aerospace SMEs
Posted at: 20-07-2023
Objectives To strengthen the supply chain as well as to develop Bumiputera Aerospace SMEs to drive comprehensive and balanced growth in the Malaysian aerospace industry; To transfer high contract values of work packages and services; and To help Bumiputera Aerospace SMEs grow their businesses, enhance the Malaysian aerospace ecosystem as well as to attract new… Continue reading MIDF Grant: Matching Grant For Bumiputera Aerospace SMEs
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Grant
MIDF Grant: Aerospace and Electrical & Electronic Investment Fund (AEEIF)
Posted at: 20-07-2023
Objectives To spur investment in high technology industries particularly in the Research and Development (R&D) field including Industry 4.0 adaptation in the aerospace and Electrical & Electronic (E&E) industries to achieve the targets set in the 12th Malaysia Plan under the Aerospace Industry Framework and Industry 4WRD initiatives; and  To facilitate aerospace and Electrical &… Continue reading MIDF Grant: Aerospace and Electrical & Electronic Investment Fund (AEEIF)
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Grant
MIDF Grant: High Value-Added Product Development Programme
Posted at: 20-07-2023
This programme bridges the industry gap by assisting local businesses in their effort to produce and commercialise complex and high value-added products. GVPD—Grant for High Value—Added Product Development Objective Grant for High Value-Added Product Development (GVPD) aims to bridge the industry gap by assisting local businesses in their effort to produce complex and high value-added… Continue reading MIDF Grant: High Value-Added Product Development Programme
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Grant
MIDF Grant: Geran Inovasi & Pengkomersialan Vendor
Posted at: 20-07-2023
This grant assists Bumiputera Vendor Companies to create or improvise innovative products, services or processes. Objectives Create new products/services/processes that focuses on market needs and future innovation; Improvise the existing products/services/processes that optimize Vendors productivity, sustainability and technology advancement; and Accelerate the commercialisation of products/services/processes to increase opportunities for Vendors to become global players. Eligibility… Continue reading MIDF Grant: Geran Inovasi & Pengkomersialan Vendor
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Grant
Digital Content Grant (DCG): Marketing and Commercialisation Grant
Posted at: 24-05-2023
The Marketing and Commercialisation Grant is a type of grant (Type D) under the Digital Content Grant (DCG) introduced by the Malaysia Digital Economy Corporation (MDEC). It focuses on activities a company undertakes to promote the buying or selling of a product or service or the process of bringing the Intellectual Property (IP) to the… Continue reading Digital Content Grant (DCG): Marketing and Commercialisation Grant
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