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Doing business in the new era

Corporate services

corporate-services-index

Companies are facing increasingly stringent regulations and tighter controls, regardless of their size and the industry they’re in. Beneficial ownership is one such regulation.

Beyond just compliance obligations, businesses have increasing responsibilities, from corporate governance and sustainability to risk management. The increasing integration of technology into the way we work, running virtual meetings, storing data and managing workflow, for instance, comes with their own set of risks.

Couple that with boards’ expanding areas of responsibility in legal entity management which is essential to managing stakeholder expectations effectively. You’ll need help in setting up a business, managing transactions, governance protocols and board support including advise on effective entity management.

Corporate Services

Our services

From entity creation and management to dissolution, we offer a full range of services delivered by a team of experienced company secretaries and governance professionals. This will free you up to focus on strategic decisions for the business. With our in-house digital platform, we can integrate our services to support the full lifecycle of entity management—including transactions, governance and compliance—for a better and smoother experience.

Speak to us to find out more.

Setting up a business

We offer a full range of services in the following areas:

  • advisory on the different types of establishments in Malaysia

  • incorporation of entities

  • registration of foreign companies/branches

  • application for representative/regional office

Entity management

  • Compliance
    • compliance obligations advisory
    • annual board/shareholder approvals
    • board/shareholder meetings
    • annual return
    • provision of registered office
    • maintenance of statutory records 
  • Transactions
    • changes to capital/ownership
    • changes to directors, officers, registered office, constitution, company name
    • dividend declaration
    • corporate restructuring 
  • Dissolution
    • striking off
    • winding up/liquidation
    • cessation of foreign branch

Governance

  • Legal entity health check

  • Directors’ training

  • Board support

  • Policy implementation

Licenses

  • General license

    • business premise

    • signboard license

  • Industry-specific licenses

    • wholesale, retail and trade

    • construction

    • manufacturing

Highlights

Beneficial Ownership: Reporting framework and transitional period

Regulators have joined hands globally to embed Beneficial Ownership (BO) reporting as part of mandatory regulations. With the introduction of BO in the Malaysian Companies Act 2016, you’ll need to have a robust reporting and maintenance policy to help ensure compliance.

Corporate Services
Entity health checks

It’s important to have peace of mind about your entity’s statutory compliance under the Malaysian Companies Act 2016. You may be acquiring a new business but you’re unsure of its compliance status. We can help in conducting due diligence on an entity’s record—this involves summarising its compliance status from various risks perspectives and proposing remedial actions if necessary.

Under the Malaysian Companies Act 2016, hefty penalties with imprisonment provisions may be imposed by the regulator on the company and officers for breach of compliance.

Corporate Services
Governing in the new norm

The pandemic has led to changes to governance practices. This includes:

  • Directors’ risks and responsibilities
  • Remote board
  • Technology
It’s important to have peace of mind about your entity’s statutory compliance under the Malaysian Companies Act 2016. You may be acquiring a new business but you’re unsure of its compliance status. We can help in conducting due diligence on an entity’s record—this involves summarising its compliance status from various risks perspectives and proposing remedial actions if necessary. Under the Malaysian Companies Act 2016, hefty penalties with imprisonment provisions may be imposed by the regulator on the company and officers for breach of compliance.

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Contact us

Lee Shuk Yee

Lee Shuk Yee

Director, Workforce Management, PwC Malaysia

Tel: +60 (3) 2173 1626

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