How to Close an LLP in Malaysia: Step-by-Step Guide (2026 Update)
Limited Liability Partnership (LLP) is a hybrid business structure that combines the features of both traditional partnership (partner-managed) and private Sdn. Bhd. company (namely-separate entity and limited liability). This structure was introduced in Malaysia on 26 December 2012, following the enforcement of the Limited Liability Partnerships Act 2012 (LLP Act) Many entrepreneurs are drawn to […]
Redemption of Preference Shares: A Practical Guide for Companies
In today’s evolving corporate finance landscape, companies often turn to preference shares as a strategic way to raise capital. Unlike ordinary shares, they allow companies to secure funding without giving up control, while offering investors a more structured, stable return. As highlighted by The Edge Malaysia in its article on Redeemable Convertible Preference Shares, the […]
Audit Exemption: A Relief Option for Malaysian Businesses
Regulatory compliance can be both time-consuming and costly for businesses, especially small and medium-sized enterprises (SMEs). To alleviate these burdens, the Companies Commission of Malaysia (SSM) has revised the audit exemption framework under Practice Directive 10/2024, effective 1 January 2025. This update significantly expands eligibility, allowing more private companies to benefit from reduced compliance costs […]
Insights for Foreign Investors and Companies: Benefits of Integrated Company Secretarial and Tax Services
At POSH Corporate, we specialize in providing integrated company secretary and tax agent services, offering clients the expertise and convenience they need under one roof. Introduction The conventional approach to corporate services often separates two critical functions: company secretarial work and tax advisory. For business owners, this split creates unnecessary complexities: About POSH Corporate At […]
5 Common Pitfalls When Starting a Business in Malaysia
Starting a business in Malaysia is an exciting opportunity, but for foreign entrepreneurs, it can come with unique challenges that may feel overwhelming. At POSH Corporate, we specialize in guiding new foreign business owners through these obstacles. With our expertise as professional company secretaries and tax advisors, we’ve helped countless clients navigate the complexities of […]
POSH Corporate: Your Trusted Partner for Corporate Secretary and Tax Solutions
In Malaysia’s dynamic business environment, staying compliant with regulations and optimizing tax strategies are critical for success. At POSH Corporate, we specialize in providing comprehensive company secretarial and tax advisory services to help businesses streamline operations, ensure compliance, and achieve their goals with confidence. Our Services Company Secretary Services We simplify corporate compliance and governance, […]
Step-by-Step Guide to Registering a China Foreign Company in Malaysia with Our Dedicated Company Secretary Services
Introduction Under the Companies Act 2016, Malaysian companies are required to meet specific regulatory standards, including registration for any foreign entity aiming to conduct business within Malaysia. According to this Act, foreign companies can only operate in Malaysia if they are registered as a foreign company (Division 1, Part V of the Act) or establish […]
Complete Guide: Transitioning from Enterprise (Sole Proprietor) to Sdn. Bhd.
When is the Right Time to Convert Your Business from Enterprise (Sole Proprietor) to Sdn. Bhd.? The ideal time to switch from an Enterprise to an Sdn. Bhd. company is when the advantages of operating as an Sdn. Bhd. outweigh the downsides. This is a key decision for business growth, and in this guide, we’ll […]
SSM Form Name Changes: Companies Act 1965 vs. Companies Act 2016
The transition from the Companies Act 1965 to the Companies Act 2016 brought changes to the names and purposes of several SSM forms, simplifying compliance for businesses.
Understanding the Differences Between the Companies Act 1965 and Companies Act 2016
In Malaysia, the Companies Act 2016 (CA 2016) represents a significant overhaul from the Companies Act 1965 (CA 1965). The new CA 2016, which came into effect on January 31, 2017, introduces modern regulatory practices and aims to simplify and enhance the ease of doing business.