All information in this article is only for the purpose of information sharing, instead of professional suggestion. Kaizen will not assume any responsibility for loss or damage.
Selecting the right company name is a crucial step when incorporating a company in Malaysia. The name should comply with the Companies Act 2016 (“CA 2016”) and the guidelines set by the Companies Commission of Malaysia (“CCM”) to ensure that company names are unique, appropriate, and legally compliant.
In addition to the four employee benefits previously discussed, it is essential to consider a fifth benefit: health insurance, which represents the most significant expense associated with employee benefits in contemporary workplaces. The Affordable Care Act (ACA) stipulates that organizations employing 50 or more full-time employees are subject to a tax penalty unless they provide adequate healthcare coverage that complies with ACA standards for their full-time workforce.
It is also advisable for employees to engage in a comprehensive dialogue with prospective candidates regarding the company's benefits package prior to joining the organization. It should be noted that the provision of employee benefits is not a mandatory requirement. However, there are five notable exceptions where such provisions are legally binding: Social Security
SIRIM certification is the official recognition that a product, system, or service meets established Malaysian or international standards for safety, quality, and performance. It serves to protect consumers, support regulatory compliance, and enhance market acceptance, particularly for regulated products in Malaysia.
