The incomes are earned by the individuals and not by the partnership; therefore the partners are liable for this profit under personal income tax.
Malaysian companies are taxed differently, according to their type and the business sector where they conduct the economic activity.
In order to open a company in Malaysia in the forestry sector, the investors will need to register one of the legal entities available for foreign businessmen.
In order to open a company in Malaysia operating in the field of constructions, the businessmen will be required to register the company following the applicable regulations available for all types of legal entities.
Opening a construction company in Malaysia involves the same steps as for any kind of enterprise in the country, with the difference that you need to obtain the special construction license which is issued by the CIDB in the country.
The logistics industry is a developed field in Malaysia and businessmen who are interested in investing in this country can start a truck company.
The fund manager who provides investment services in Labuan is required to obtain a fund manager license, as prescribed by the Labuan Financial Services Authority (FSA).
Foreign investors can open a company in Malaysia by setting up a trust in Labuan, which is a special region of the country that provides numerous tax advantages to businesses registered here.
Labuan is a special region of Malaysia, which provides an attractive taxation scheme available for foreign investors.
Foreign businessmen who want to establish their presence in Malaysia have numerous investment and trade opportunities on the market. Most individuals choose to open companies in the tourism sector, food industry or construction.