Malaysia Hotline: +603- 2141 8908
Time required
Clarification-acceptability
of company name 1 to 5 days
Preparation
of foundation documents with annexes (foundation document, Articles of
Association, application to Commercial Registry, etc) 1 to 5 days
Clarification
of domicile and auditors
Paying
in of capital
Meeting
of founding shareholders/members less than ½ day
Entry in
Commercial Register 3 to 7 days
The management
A
corporation is usually managed by the Board of Directors as well as the
managers appointed. The people authorized to sign on behalf of the company need
to be entered in the Commercial Register. The management must prepare an annual
report, providing information on the progress of business, the economic as well
as the financial situation and any capital increases. The General Shareholder´s
Meeting must be held at least once a year.
Accounting
According
to the law a certain minimum structure is required when it comes to the balance
sheet and income statement. It needs to comply with the principles of orderly
presentation of accounts, including the completeness, clarity, materiality,
prudence, continuity, etc. The company´s position shall “be able to be assessed
with as much reliability as possible”.
A
holding company, which exercises control over one or more companies by majority
voting rights or any other way, are obliged to prepare consolidated financial
statements – if it meets two of the following criteria:
-Total
assets of more than CHF 10 million
-Turnover
of more than CHF 20 million or more than 200 employees
Besides
the general principles of orderly presentation of accounts, the “International
Accounting Standards” or the “Generally Accepted Accounting Principles”, there
are no particular consolidation rules.
Contact
us
If
you have further queries, please contact Tannet
24
hours Malaysia hotline：603-21418908;
24
hours Hong Kong hotline：852-27837818;
24
hours Hong Kong hotline：86-755-
36990589;
Email:
mytannet@gmail.com
TANNET GROUP : http://www.tannet-group.net, http://en.tannet.com.my