Setting Up A Dental Business In Malaysia
Foreign companies can also register a branch in malaysia or a representative office if they plan to run only marketing operating in malaysia.
Setting up a dental business in malaysia. Whether you are a local or a foreigner who has decided to set up a new business in or expand an existing business into malaysia here is a checklist of 9 key action steps that one can take to plan and execute the process smoothly. Malaysia is also becoming a dream destination for foreign practitioners to have their clinic set up in malaysia. There are several ways of doing business in malaysia the most common being the setting up of a limited liability company.
You should also allow enough for multiple trade licences a deposit for an office shop space an initial bank account deposit tax regulations and compliance and maintenance procedures. Know what business entities are applicable to the foreigner and their business where and how to register the business and types of trade permits and certificates needed. Ranked at 24 th in 2018 world bank s ease of doing business malaysia is fast gaining traction as one of the favourite investment destinations to do business in malaysia and building a business in malaysia.
The important first few steps. Once you have decided malaysia is the place to invest the key points of starting a business in malaysia will help you tie up the loose ends. What kind of business can i do.
And it s worth keeping up with industry news from the likes of the british dental association too. Though the high ranking in the world bank s ease of. These steps are not strictly sequential but a list of key moving parts some of which can be done concurrently.
Before you start looking for places to set up shop talk with an insurance agent about the kind of policies that you ll need. This guide will help you in your quest to run your own practice. This page is also available in.
It is important to note that foreigners are not allowed to start unlimited companies sole proprietor companies partnerships enterprises or llps in malaysia. You ve been a practicing doctor for some time now and after several years of experience you feel that you are finally ready to take the next step and open your very own clinic in malaysia. Melayu malay 简体中文 chinese simplified how to set up clinic in malaysia.
It will provide you with advice on creating a business plan using the right software to keep on top of your business admin and what you need to think about when it comes to hiring and retaining employees. The final mandatory requirement to set up your own clinic is to get registered with the companies commission of malaysia under the registration of business act 1956. Starting a business in malaysia as a foreigner.
To set up a business in malaysia you can expect to pay a registration fee for the business entity that best suits your situation noting that each authority has its own requirements and procedures. 7 key points to consider before starting a business in malaysia for foreigners. This page is also available in.
Make sure this price is factored into your financial plan.
