Local Partner ?

Last activity 14 January 2012 by kamran-khan66

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nadirhassanActive member09 December 2011 18:40:06

Hi

I need some guidance which I cannot find on websites or various forums I've searched.

What are the initial formlities for setting up a Food business in Malaysia ?

Does the procedure vary b/w KL & other major cities ?

Do we need local partners, for Restaurants or a Catering business setup ?

There's not much clarity I can get on the local ownership e.g any fee or salary fixed in the initial period for Local Directors??

Does the expat Director (actual owner) get a PR, eventually ?
How can he sponsor family meanwhile ?

Would appreciate all the feedback possible.

Thanks

kingali2308Guest10 December 2011 09:58:33

214245

Hello,

well the rules are very simple for establishing a food business here in KL but the agents make it complicated to earn money from the client.

In Malaysia, if u want to open a food business then you have 3 options.

1. the company is 50%owned by the local partner and 50% by the expat partner in this case the local partner has the authorities in books regarding liabilities as well.

2. if u marry a malaysian girl and make the company on her name then your spouse is the 100% owner.

3. if you are a foreigner and you want to make a 100% personally owned company then you have to make a SDNBHD company same as LLC in dubai or Pvt.Ltd in Pakistan. and for this you have to present a show money of 1 million Rm in your bank account. once the company through this proceedure is made then you have the facility to enter 5 directors or 8 at a maximum in the same company. each director is entitled to sponsor their families. each director and its spouse can get a PR in 3 years and after this 3 years if a baby born he or she will get the malaysian citizenship as well.

Plz note step 3 is the one i followed to establish my business in malaysia, but for this u need a reliable lawyer to help you out.

Regards.

desert_decentMember10 December 2011 13:05:23

Dear Kingali,

I am pakistani national and looking for your help in some business related advice. If you don't mind please send me your contact number so that i can call you.
My email is shown below.

Regards.

Saleem

desert-decent@hotmail.com

kamran-khan66Member09 January 2012 18:25:22

ChristineViP10 January 2012 06:29:16

42879

@Jawed- I think you are off topic.. you copied Saleem's message.

kingali2308Guest10 January 2012 07:40:35

214245

Dear Christine, plz help me & record the IP of Desert Decent & Kamran khan. this guy is contacting me in PM as well by changing his name & ID repeatedly i have already blocked these 2 ID plz help me for this.

Regards.

ArmandViP10 January 2012 09:03:40

24785

Hi kingali2308!

You are off topic.
Could you please use the report button or contact us for any issue regarding the forum?

Thanks
Armand

kingali2308Guest10 January 2012 10:12:17

214245

Hey Armand,

i am sorry for that. i have sent your team a msg lets see what you pplz gonna do. sorry to bother you and other members as well by getting off topic.

Regards.

kamran-khan66Member14 January 2012 03:53:35

Hi Mr. Kingaki
I am very sorry if you mind that i coppied mr. saleem's because my reason to contact you was same like mr. saleem. In my openion you are a successfull person in resturent business so i try to get help from you if you don't want to help me then i will never try to get help from you ever again god will help me (inshaallah).

Jawed

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