Topics | Details | Approving Authority |
---|---|---|
Business registration | Registering a private/public company is governed under ACT 1965. | Companies Commission of Malaysia |
Business License | Any type of business need to get principal approval from respective agencies/ministries. Application for an individual license must be made to relevant ministries depends on your type of business | Ministry |
Premises License | Obtain premises license governed under Local Government Act 1976 | Local Authority |
Employment | Registering employees with Employee Providence Fund (EPF) governed under EPF Act 1991 | Employee Providence Fund |
Registering employees with Social Security Organisation (SOCSO) governed under Social Security Act 1969 | ||
Registering employees with Inland Revenue Board Malaysia governed under Income Tax (Deduction from remuneration) Rules 1994) | Inland Revenue Board Malaysia | |
Obtain approval and submit application for expatriate postsgovernedunder Immigration Act 1959/1963 & Immigration Regulation 1963. | Immigration Department of Malaysia | |
Taxation | Payment of corporate tax (Income Tax Act 1967) to the Inland Revenue Board of Malaysia | Inland Revenue Board of Malaysia |
Assessment tax governed by Local Government Act 1976 | Local Authority | |
Quit Rent Tax governed under Local Government Act 1976 | State Land Office |
The following table summarize the roles and responsibilities of the parties involved in the process of setting up till the operation of business in Iskandar Malaysia:
No | Agencies | Function |
---|---|---|
1 | Malaysian Investment Development Authority (MIDA) |
|
2 | Immigration |
|
3 | Companies Commission of Malaysia (SSM) |
|
4 | Royal Malaysian Customs Department |
|
5 | Local Authority |
|
6 | Inland Revenue Board of Malaysia |
|