Malaysia

If you are looking to expand your business into Malaysia, the easiest, most flexible and cost-effective way to do enlarge your business in the Malaysian market is using an Employer of Record solution. This solution is the best to suit for companies that have no legal entity set up in Malaysia or want to test Malaysian market without making a relatively large commitment of minimum capital, or do not have knowledge of Malaysia labor law. Because of these reasons, NNRoad will act on your behalf as a legal employer for you to effectively employ staff immediately to perform key duties without the need to incur the cost, commitment and time delays associated with setting up an entity.

• The hiring of and termination of employees/local labor contracts (contract administration).
• On-boarding and off-boarding employees following local law practice.
• Complete payroll solution and statutory benefit administration.
• Mandatory social security insurance (social security organization or SOCSO), employee provided fund (EPE), and employment insurance (EIS) compliance according to the local laws.
• Advisory of on Malaysian Labor Act and Law, Industrial Relations (IR), and Employee Relations (ER) dispute.
• Working VISA application assistance, if needed. Full process flow for application, documentation and consultancy for VISA application for expatriates (Employment Pass / Professional Visit Pass).

Malaysia, the next big hurdle is the process of actually hiring staff and dealing with the associated payroll obligations. Hiring, and the associated legal obligations that go along with it, can be a confusing process. Due to the complexities of the payroll and HR-related problems, many companies in Malaysia rely primarily on outsourced providers such as NNRoad when it comes to payroll and HR related. NNRoad provides payroll and employment-related support services in Malaysia to an endeavour to provide a one-stop integrated service package to small and medium-sized businesses. We make payroll and HR management easy for you in terms of processing payroll, taxation, social labor security matters, as well as offering additional advice and guidance for any inquiries. We perform service with great confidence in its rigorousness and speed to obtain the benefit for your employees, stress-free about ever-changing labor law, and administrative relief.

• Registering the necessary company and personnel information for payroll calculation in the payroll software and systems.
• Calculation of gross salary, salary deductions (e.g. social, employment insurance, etc.), and net salary based on information provided by the Company including irregular payments such as incentive/bonus, commission, allowance, severance, retirement payment, etc.
• Pro-rata calculation for people who join/resign.
• Payroll disbursement - Issuing payment notice to the Company for payroll distribution to employees and employee’s expense claim.
• Year-End Adjustment and Annual Declaration.

Managing accounting and bookkeeping in Malaysia can prove to be a time consuming and constantly changing area of compliance. For a foreign company, adapting to Malaysia accounting system with ever-changing standards and policies can be a real challenge. NNRoad with its local expert can act as your accounting mentors with professional and high skilled accountants and CPA to ensure your company are in compliance with all updated standards and policies.

• Full set accounting services in compliance with Malaysian legislation and accounting standards.
• Reconciliation of Bank Accounts.
• Preparation of Profit/Loss statement and Balance Sheets.
• Preparation of Trial Balance of Accounts.
• Accounts ready for audit.
• Corporate and Personal Tax consultancy services in compliance with Malaysian Tax Legislation.