In 2010, Malaysia launched the New Economic Model (NEM) and the Economic Transformation Program (ETP), which aim to lift the country into the rank of a high-income nation by 2020.
Based on the new strategy, Malaysia fosters the economy through the implementation of market-friendly policies and regulations with the aim of creating new sources of growth and promoting higher value-added sectors.
Taking into consideration the ease of doing business, talent development, and improving public service delivery, Malaysia is turning into an increasingly attractive place for businesses. However, there are a number of important considerations to be mindful of and compliant with when it comes to legal procedures to establish a legal entity in Malaysia. NNRoad with its local experts will help guide you with the smooth and fastest solutions for you to be ready to set up your legal entity.
By forming a Private Limited Company (Sdn Bhd or Bhd), you are able to acquire assets, go into debt, sign contracts, liable to suing or being sued and it has a perpetual succession until the directors and shareholders decide to dissolve the company. This type of company is also a much more trusted business entity and it is the best preferred business structure in Malaysia, especially when it comes to conducting B2B type of business dealings.
This type of entity structure is the most carry out in Malaysia:
A Limited Liability Partnership (LLP) is an alternative company formation regulated under the Limited Liability Partnerships which combines the features of a company and a conventional partnership.
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