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How to Set Up a Restaurant in Malaysia
While anybody can start a restaurant business in Malaysia, it is compulsory to first incorporate and register the business with the Company Commission of Malaysia (CCM) also known as Suruhanjaya Syarikat Malaysia (SSM) pursuant to the Companies Act 2016. The registration of a sole proprietorship and partnership in Malaysia is an option available for Malaysian citizens or Malaysian permanent resident holders only.
Types of Business Licenses in Malaysia
After incorporation, a company is advised to obtain the necessary license/permit/approval from the relevant authorities before commencing business. The type of business licenses that a company needed is depending on the industry that the company is involved in. Business licenses can be broadly divided into 3 different logical groups, namely general licenses, industrial or sector specific licenses and activity specific licenses.
Corporate Compliance Requirements in Vietnam
Quarterly filing of corporate income tax returns is not required in Vietnam. However, Enterprises are required to calculate and pay provisional corporate income tax on a quarterly basis (if any) based on the actual revenue and expenses of the quarter. The deadline for the provisional corporate income tax payment is the 30th day of the following quarter.
Major Forms of FDI in Cambodia
Limited company is the most common form of foreign direct investment in Cambodia. A representative office does not have independent legal person status. A branch also does not have independent legal person status. The head office shall be liable for the losses and debts of the branch. A branch may undertake the same business activities as a local company except for activities that are prohibited from foreign investment.
Transfer of Shares of a Malaysia Company
Shares in companies are moveable property and they are not of the nature of immovable property. They are therefore transferable and can be passed from one person to another in the manner provided by the constitution. However, a share does not consist of a tangible thing but of a collection of rights
Officers and Auditors of a Malaysia Company
In accordance with the Companies Act 2016 (CA 2016), officer is defined to include any director, secretary or employee of the company. It also includes a receiver and manager of any part of the undertaking of the company appointed under a power contained in any instrument and any liquidator of a company appointed in a voluntary winding up.
Major Forms of FDI in Vietnam
Vietnam Limited liability company is the most common form of foreign direct investment. A limited liability companies may have 1-50 members (shareholders). A new joint stock company shall have at least 3 founding shareholders. And there is no limit on the maximum number of shareholders.A representative office does not have independent legal person status.
Legal Representative Requirements for Vietnam Companies
A company in Vietnam shall have at least one legal representative according to the Law on Enterprises of Vietnam. As defined by the Law on Enterprises of Vietnam, the legal representative is the person that, on behalf of the enterprise, exercises and performs the rights and obligations derived from the enterprise’s transactions, acts as the plaintiff, defendant or person with relevant interests and duties before in court
Introduction to Malaysia Private Company Limited by Shares
Malaysia is now seen by many as a perfect gateway to ASEAN and beyond because it is strategically located at the centre of South-East Asia and surrounded by many ASEAN countries - offering market access of over 650 million people with a combined GDP of US$3.2 trillion. The average combined GDP of the ASEAN countries is expected to grow by 5.2% in 2022 and 5.3% in 2023.
Charter Capital and Investment Capital of Vietnam FIE
A foreign invested enterprise (FIE) in the form of a limited liability company is the most common investment vehicle in Vietnam amongst foreign investors. The term of company or foreign invested enterprise mentioned below refer specifically to a limited liability company. There are no minimum charter capital requirements for establishing a foreign invested enterprise, except for some specific sectors (e.g., banking, real estate, aviation etc.).