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Effective from 20 July 1995, it is mandatory for all local or foreign contractors to register with the Construction Industry Development Board (LPIPM) or CIDB under Section 25 of Act 520 (Amendment 2011) before undertaking and completing any construction work in Malaysia unless they granted exemption under Section 40 (1) of the Construction Industry Development Board of Malaysia Act 1994 (Act 520). Any  contractor  who contravenes Section 25 on conviction shall be liable to a fine not less than ten thousand ringgit but not exceeding one hundred thousand ringgit under Section 29. Under Section 30 the Authority may by written notice be served on the contractor to cease from commencing or resume work construction or undertaking to carry out or complete construction work. Referring to Section 25 (1) of Act 520 of the Construction Industry Development Board of Malaysia (CIDB): "No person shall engage in work or completion, undertaking to carry out or complete any constructi

How to apply MOF license ? In order to obtain any government projects or jobs, the very first thing you need to do is to register your company with Ministry of Finance (MOF), or commonly known as to apply MOF license. While you can engage consultants who are specialised in helping their clients to apply MOF licenses to handle the whole application for your company, you may try to apply directly from the MOF using the following links:    http://home.eperolehan.gov.my/ home/ In order to obtain MOF license, the following are needed to be submitted as supporting documents: Latest 3 months Bank statements Latest 3 months KWSP statements Company profile stating the details of all directors & shareholders 1 sets certified true copied form 49, 24, 44, M&A and Borang 9 1 copy certified true copied for Board Resolution that open bank account Kod Bidang for the businesses Photocopy IC for all directors Relevant academic certificates for directors, if any Commissioner fo

1. Limited Liability Here you have your personal wealth being protected. It is the obvious reason Malaysians start a limited liability company because there is financial security that comes with the business. The company’s shareholder will only be liable for debts accrued by the company in accordance with their levels of investment and not any more than what they can shoulder. The worst that can happen to you is losing all your capital invested in the company. Ultimately, this gives a sense and feeling of security for investors in the company. Therefore, grab the chance for register a new Sdn Bhd in Malaysia without risking your personal wealth and assets. 2. Separate Entity For Perpetuity A company is deemed to be a separate legal entity from its owners. Its separate legal entity allows the company to exist beyond its founders, directors or shareholders. Death or retirement from the company will have no effect as the company will continue to exist and operate, until such

Quotation For Management Services   Business World Consult Sdn.Bhd  Paid up: RM 1.00 - RM 9999.00                           : RM 2800 RM 10000.00 - RM 900,000.00              : RM 4500 RM 1,000,000.00 - And above                : RM 6500 Complete process of incorporation from lodging and filing Form Section 27(1)(4) for name search until incorporation and resolution to open bank account and inclusive of 5 sets of documentation Certified by Company Secretary. Secretarial Services Fees per Month Please find enclosed our minimum Professional Secretarial Fees rate schedule that is far below the standard rate recommended by the Malaysian Association of The Institute Chartered Secretaries and Administrators.  LOCAL + LOCAL / LOCAL + FOREIGNER : RM 100.00 FOREIGNER + FOREIGNER : RM 200.00 Annual Return For Per Year  Company are require to lodge the Annual Return to the Companies Commission Of Malaysia at each of the anniversary date of the company. The total cos

Paul Hype Page What You Need to Incorporate a Company in Malaysia Prior to registering a company in Malaysia, you will first need to perform a company name search. This is a mandatory step and your chosen company name must be reserved for the incorporation process once it has been approved. Your chosen company name will be reserve for a period of three months from the date of approval. To register a company in Malaysia, you will need to be prepared with the following: ·          A company name ·          Business activities ·          A registered office in Malaysia ·          A minimum of 1 director (minimum 18-years of age and residing in Malaysia) ·          A minimum of 1 shareholder ·          A minimum of 1 Corporate Secretary who must be a member of any of the prescribed professional bodies and/or licensed by the SSM. ·          A minimum paid-up capital of RM1 ·          Copy of all directors’ & shareholders’ Identification Card (IC) or passport Pl