Gender: Age: 34 Zodiac: Joined: 20 Nov 2007 Posts: 2
Home Country: qatar
Posted: Wed Nov 21, 2007 11:30 am Post subject:
thanks for ur response. he wants to settle in malaysia in future with out investing huge amt on malaysia second home program. is there any alternative.
I'm 22 and i stay in Malaysia since january for kind of long hollidays and want to start a business here (selling t-shirts and clothes by internet)
So i'm looking for informations about laws and this kind of stuff, how to start a compagny, get a visa, etc. What kind of business can I start ? I think i can't start a sole business as a foreigner but I have a malaysian friend who want to start the business with me so what about a partership ? I heard about a 250K RM thing for foreigners and i'm a bit scared, so how it's works for a partership with 1 malaysian and 1 foreigner ?
Joined: 23 Aug 2008 Posts: 1 Location: Malaysia Home Country: malaysia
Posted: Tue Aug 26, 2008 6:21 pm Post subject:
Jobin wrote:
Hello,
I'm 22 and i stay in Malaysia since january for kind of long hollidays and want to start a business here (selling t-shirts and clothes by internet)
So i'm looking for informations about laws and this kind of stuff, how to start a compagny, get a visa, etc. What kind of business can I start ? I think i can't start a sole business as a foreigner but I have a malaysian friend who want to start the business with me so what about a partership ? I heard about a 250K RM thing for foreigners and i'm a bit scared, so how it's works for a partership with 1 malaysian and 1 foreigner ?
Thanks in advances
Well I can't really tell you whether or not you can invest as a foreigner and as a Malaysian, but I can direct you to the companies comission of Malaysia (CCM).
Their english website is here. You can try emailing them and asking. But just a suggestion, tell them upfront that you are a foreigner. My experience with them is that if you don't they'll assume you are local and reply all emails in Malay.
Gender: Age: 31 Zodiac: Joined: 07 Oct 2008 Posts: 1
Home Country: pakistan
Posted: Tue Oct 07, 2008 6:43 pm Post subject: Pakistani Investor
Hello,
I would like to bring to attention the recent move by the government specifically WRT Wholesale & Retail Trade Committee to increase the minimum paid up capital requirement to RM 1.0Million for foreigners looking to setup retail outlets likes; restaurant, store, bakery, etc and apply for a work permit/visa. I feel this move shall prohibit various small investors from overseas looking to invest in Malaysia.
Can anyone share some thoughts, reasons, and opinions on this. I'm from Future Track Consulting in Pakistan, we facilitate Pakistani businessmen, investors and affluent individuals setup investments, businesses and second homes in Malaysia through our network of Malaysian consultants and authorized agents.
Regards,
Adnan
Future Track Consulting
Pakistan's Premier Consultancy Firm
Shaping The Future For a Better Tomorrow!
Gender: Age: 40 Zodiac: Joined: 13 Oct 2006 Posts: 12 Location: Kuala Lumpur/Labuan Home Country: malaysia
Posted: Tue Oct 07, 2008 10:55 pm Post subject: Alternative way to obtain work permit
Hi,
You should expect the rules to be tightened up. Cost of doing business has gone up and for retail and wholesale business an investment of RM1m is normal especially in the cities where rental are expensive. So paid up of RM1m is to be expected.