Services

Business Establishment

Setting up of company under Companies Commission of Malaysia (CCM) or Malaysian Investment Development Authority (MIDA).

Doing Business in Malaysia Types of vehicle to use

When considering setting up a business in Malaysia, entrepreneurs often deliberate between two primary company structures: a Private Limited Company (Sdn. Bhd.) and a Public Company.

Each structure has its unique characteristics, advantages, and regulatory requirements, making it essential to choose the right one based on your business goals and operational needs.

Branch Offices Rules & regulations

Opening a branch office might involved steps such as meeting directorship & ownership requirements, obtaining license, permit, and/or approval from multiple relevant authorities, and submission of precise and accurate documentation in a timely manner.

Where necessary, SECFIN is also able to provide consultation service on pros and cons, locations, fees and time-frame required.

Representative Office Challenges & considerations

Establishing a representative or regional office in Malaysia is an attractive option for foreign companies looking to explore business opportunities, conduct research and development (R&D), or serve as a collection center.

This process involves several steps requiring compliance with local regulations, and understanding the permissible activities of these offices.

Corporate Compliance & Advisory

Adhering to legal standards and regulatory requirements, thereby mitigating risks and enhancing operational integrity through expert guidance, policy development, and ongoing support.

Compliance Limited Companies

Filing of Annual Return to CCM within the stipulated timeline.
Circulation of Audited Financial Statements to the Members within the stipulated time required by the Companies Act.
Lodgement of Financial Statements to CCM within the prescribed timeline.

Statutory Compliances Maintaining statutory registers

Ensure the Registers of the Company are properly maintained & kept.
Ensure all notifications returns are prepared & lodged timely.
Conversant with meeting procedure of the Directors & Members.
Conversant with statutory requirement under the Companies Act 2016.

Advisory CCorporate Advisory

Advisory on getting the work permit for foreign directors & professional staff.
Advisory & Application for manufacturing licence and the relevant expatriate posts.
Distribution of Retained Profits and Reserved Accounts which entails statutory procedures.
Solvency Test requirements & Director Solvency Statement.
Extract of Companies Data Report from CCM.

Operational Management Services

Professional consultations and comprehensive approach to managing the ongoing operational aspects of a business.

Payroll Services For foreign owned companies

As Employer for the first time and not knowing what to do in relation to compliance with the requirements of the authorities, or having limited time or resources, we can assist you in your payroll.

We cater the following payroll services to assist you (Employer) to comply with the requirement of the relevant authorities such as Employees Provident Fund (KWSP / EPF), Social Security Organization (PERKESO / SOCSO) and Inland Revenue Board of Malaysia (LHDN / IRBM) in relation to the Employees under your employment:

Registration of your company as Employer with EPF, SOCSO and IRBM
Prepare monthly Payroll of your Employees
Submit monthly EPF, SOCSO, EIS contributions and PCB (Monthly Tax Deduction) to the respective authorities
Prepare yearly Return of Employer on its Employee's Remuneration (Form E) and Statement of Employee's Remuneration (Form EA)

Company Restructuring Financial stability & operational efficiency

Company restructuring and consultancy by way of entity restructuring and/or various types of shares restructuring.

SECFIN is able to provide tailored advice to assess the company's financial health, identify issues, and develop restructuring strategies involving independent business reviews and solvency assessments where necessary.

Closure Of Business Maintaining statutory registers

SECFIN assists in the closure of companies by way of:

Application to the Companies Commission of Malaysia for strike off
Members Voluntary Winding up
Creditors' Voluntary Winding up

Contact

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