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Expatriate Forums in Malaysia -> Malaysia Business Networking : Trading, Investing & Finance -> Register a Company, Company Incorporation
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IndianLady



Gender: Gender:Female
Age: 34
Zodiac: Leo
Joined: 03 Jul 2006
Posts: 40
Location: Selangor
Home Country: malaysia
   

PostPosted: Tue Nov 20, 2007 5:55 pm    Post subject: advice Reply with quote

a fren from nice, france would like to start a restaurant buz in KL (a pakistani).
appreciate any advice on the price, location & etc pls.....
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ffgnet



Gender: Gender:Female
Age: 34
Zodiac: Sagittarius
Joined: 20 Nov 2007
Posts: 2

Home Country: qatar
   

PostPosted: Wed Nov 21, 2007 11:30 am    Post subject: Reply with quote

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.
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amienleo
Moderator Malaysia


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Joined: 06 Jul 2006
Posts: 785
Location: Penang Island
Home Country: malaysia
   

PostPosted: Wed Nov 21, 2007 7:58 pm    Post subject: Reply with quote

if that the case, you may setup a company and get a working permit later.. this is the alternative i suppose...
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Jobin



Gender: Gender:Male
Age: 22
Zodiac: Gemini
Joined: 02 Jul 2008
Posts: 3

Home Country: switzerland
   

PostPosted: Wed Jul 02, 2008 2:06 pm    Post subject: Reply with quote

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
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lwliang1



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Joined: 23 Aug 2008
Posts: 1
Location: Malaysia
Home Country: malaysia
   

PostPosted: Tue Aug 26, 2008 6:21 pm    Post subject: Reply with quote

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.

You can also contact them at:

Tel : 03-4047 6000
Fax : 03-4047 6317
Hotline : 03-4047 6111 / 6222
E-mail : enquiry@ssm.com.my
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FutureTrackConsulting



Gender: Gender:Male
Age: 31
Zodiac: Capricorn
Joined: 07 Oct 2008
Posts: 1

Home Country: pakistan
   

PostPosted: Tue Oct 07, 2008 6:43 pm    Post subject: Pakistani Investor Reply with quote

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!
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Ahmad Kamil



Gender: Gender:Male
Age: 40
Zodiac: Aquarius
Joined: 13 Oct 2006
Posts: 12
Location: Kuala Lumpur/Labuan
Home Country: malaysia
   

PostPosted: Tue Oct 07, 2008 10:55 pm    Post subject: Alternative way to obtain work permit Reply with quote

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.

However, there is an alternative. Please read my entire posting at http://www.alloexpat.com/malaysia_expat_forum/how-to-apply-for-expatriate-employment-under-labuan-ibfc-t21771.html

If you think you clients can benefit from this please contact me at lctrust@tm.net.my
I have Pakistani clients coming under this also.

Regards,

Ahmad
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