Corporate transparency has become a global priority, especially in combating financial crimes. In Malaysia, the introduction of the Beneficial Ownership (BO) Reporting framework under the Companies Act 2016 strengthens corporate governance and accountability. This initiative ensures greater scrutiny of business entities, reducing risks related to money laundering, terrorism financing, and other illegal activities. Read More

Stay informed about the latest Qualifying Criteria for Audit Exemption under Practice Directive No. 10/2024 for private companies in Malaysia. Issued under Section 267(2) of the Companies Act 2016, this directive details eligibility conditions, implementation phases, and submission requirements for companies seeking exemption from statutory audits. Read More

Doing Business in Malaysia: What You Need to Know Malaysia offers a dynamic business environment marked by modern infrastructure and a robust economy. Entrepreneurs benefit from its strategic location in Southeast Asia, a skilled workforce, and government incentives designed to foster growth. However, understanding local regulations, cultural diversity, and market competition is key to navigating its vibrant business landscape successfully. Read More

If you want to supply products, services, or consultancy to government entities in Malaysia, obtaining an MOF license is essential. It’s a mandatory requirement for businesses registered with SSM to participate in government tenders and contracts. Read More