BossBoleh

Articles

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

Industry Guide
Industry Guide on How To Set Up a Yacht Charter Business in Malaysia
Posted at: 01-07-2022
Malaysia, a yachting paradise surrounded by extraordinary natural beauty, extensive coastline and beautiful islands, has a well-deserved honour amongst sailing enthusiasts. As such, the Malaysian government has fully supported the Shipping Master Plan for the period of 2017 – 2022, which is targeted to improve the maritime industry. Thanks to this opportunity, setting up a… Continue reading Industry Guide on How To Set Up a Yacht Charter Business in Malaysia
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Taxation
Things To Know About Personal Tax Clearance for Employers when Employees Leave The Company
Posted at: 28-06-2022
Being an employer is never easy when you have to deal with different issues of your business.  But did you know? When employees are no longer working for the company, this responsibility also falls on the shoulder of employers according to the Malaysian Income Tax Act 1967. Employers have the obligation to inform the Malaysian… Continue reading Things To Know About Personal Tax Clearance for Employers when Employees Leave The Company
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Industry Guide
How to Set Up a Data Centre in Malaysia 
Posted at: 24-06-2022
Malaysia has the potential to become the hub for e-commerce and digital services. It is already home to data centres from big global companies such as Alibaba Cloud, Google and Amazon Web. The data centre industry is anticipated to reach USD800 million by 2025.   In Malaysia, data centres are driving the new data economy, on… Continue reading How to Set Up a Data Centre in Malaysia 
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Information
Resignation & Removal of Director
Posted at: 24-06-2022
A director is a person who serves on the board of directors of a corporation. The procedure for resignation of director and removal of Director by the Board or Shareholders differs. The outgoing Director can resign by submitting a resignation letter, however the removal of the Director would require a ordinary resolution. We will take… Continue reading Resignation & Removal of Director
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Information
DBKL shuts down 597 business premises run by foreigners
Posted at: 24-06-2022
Kuala Lumpur City Hall (DBKL) has ordered the closure of 597 foreign-owned businesses under Section 101 (1) (v) of the Local Government Act 1976. The order, which took effect on July 20, 2020, forbids foreign nationals from seeking licenses for up to twenty different types of businesses. Hypermarket, supermarket, mini mart, sundry shop, 24-hour convenience… Continue reading DBKL shuts down 597 business premises run by foreigners
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Forms
Know the Statutory Forms of Your Sdn Bhd
Posted at: 15-06-2022
Statutory documents of your company are compulsory when you are planning to set up a business bank account or apply for a payment gateway service for your e-commerce website. ‘Code words’ are normally designated for each of the documents required, such as F9, F13, F24, F32A, etc. which the public might find ambiguous about. It… Continue reading Know the Statutory Forms of Your Sdn Bhd
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Closing Down
Closing of Business for Sole-Proprietor and Partnership
Posted at: 15-06-2022
In the year 2022, the pandemic has been ongoing for nearly three years now. Not only has it reshaped various sectors across the globe, it also continues to profoundly disrupt various aspects of our lives. Regardless, life goes on. In Malaysia, the economy started to recover in the fourth quarter of 2021. While some businesses… Continue reading Closing of Business for Sole-Proprietor and Partnership
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Taxation
Understanding Company Tax Rates
Posted at: 13-06-2022
Understanding Company Tax Rates To start up a business in Malaysia, a better understanding of company income tax requirements by the Inland Revenue Board (LHDN) and the Royal Malaysian Customs Department (RMCD) will ease the struggles faced throughout the growth of your business. Malaysia’s company tax is administered by the Income Tax Act 1967, whereby… Continue reading Understanding Company Tax Rates
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Industry Guide
Starting a travel agency business in Malaysia
Posted at: 10-06-2022
The growth of tourism has grabbed the attention of the government as one of the primary business areas driving the Malaysian economy. Malaysia has experienced an influx of approximately 6 million tourists annually in recent years, the majority of them are from China and India. All of these phenomena have undoubtedly had a positive influence… Continue reading Starting a travel agency business in Malaysia
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Uncategorized
What is Next of Kin?
Posted at: 07-06-2022
The Next of Kin Concept The Companies Act 2016 (2016 Act) which reduced the minimum number of directors for private companies to one, created the notion of “next of kin” to handle circumstances where the sole director dies or is unable to fulfill his responsibilities. As per 2016 Act, the secretary shall, as soon as… Continue reading What is Next of Kin?
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Application
Responsibilities of an Employer
Posted at: 31-03-2022
What are the responsibilities of an employer? In this article, you will be guided to understand the virtues an employee must uphold.
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Application
Setting Up a Branch Office in Malaysia
Posted at: 30-03-2022
Branching out is important for a company to expand its business nature. In this article, we shall explain how setting up a branch office in Malaysia can be beneficial for your business.
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Taxation
Tax Payment of Companies
Posted at: 30-03-2022
Registered Companies, Limited Liability Partnerships, Trust Bodies and Cooperative Societies which are dormant and/or have not commenced business operation are not required to furnish tax estimate. But it is required for existing companies to do so.
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Application
Guide to Halal Certificate Application for Chain Restaurant
Posted at: 23-03-2022
Application for a Halal Cert. may not be easy. Owning multiple chain restaurants is already a feat. but obtaining a certificate for being Halal can be done, if you follow the steps below.
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Uncategorized
Memorandum and Articles of Association (M&A) & Constitution in Malaysia
Posted at: 23-03-2022
It is not necessary to have a company constitution in Malaysia, however, it is essential for a contract to specify the business’s interaction with its audience. This article provides an understanding of what M&A, and Malaysian Constitution is.
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Application
Certificate of Resident
Posted at: 23-03-2022
To be a residence of Malaysia, one must first understand the format of how can one be entitled so, together with pending documents needed to be issued. This article will lead you the way.
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Industry Guide
Industry Guide on How To Start a Non-Profit Organisation in Malaysia
Posted at: 23-03-2022
Here’s the article that is going to show you the ropes to start your desired NPO. Every article has a beginning, start now with Bossboleh.
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Uncategorized
SME Soft Loan Scheme: All-Economic Sector Facility (AES)
Posted at: 22-03-2022
In budget 2022, the government allocated total of RM6.5 billion to the All-Economic Sector Facility (AES). This brings some of us to the following questions, what is AES and how does it work?
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Industry Guide
Industry Guide to Franchise Business in Malaysia
Posted at: 18-03-2022
This article will show you the steps to kickstart your franchise business in Malaysia. Let’s start your business today with Bossboleh!
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Industry Guide
Industry Guide on How To Set Up a Hotel Business in Malaysia
Posted at: 15-03-2022
In this article, we look at several things when opening up your own hotel business.
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