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Investing In The East Coast Economic Region (ECER), Malaysia

Investing in ECER Malaysia

Investing In The East Coast Economic Region (ECER), MALAYSIA

East Coast Economic Region Malaysia (ECER) as the Gateway to the Asia Pacific Region offers competitive incentives such income tax exemption of 100% for 10 years, stamp duty exemption on land or building purchased for development, customised incentives and also non-fiscal incentives to approved companies.

QUICK FACTS: ECER MALAYSIA

The East Coast Economic Region (ECER) is an economic corridor established to bring about the socio-economic transformation of the east coast of Peninsular Malaysia. The ECER is Malaysia’s gateway to the ASEAN region and the Far East.

ECER covers the states of Kelantan, Terengganu, Pahang and the district of Mersing in Johor. The  advantages include:-

  • Strong support from Federal and State Governments with pro-business and liberal investment policies;
  • Advantageous geographical orientation Eastern Gateway of Malaysia to Europe, US and Asia Pacific;
  • Strong resources endowment – crude oil, natural gas, tin, timber, palm oil, rubber and others;
  • Competitive land prices;
  • Industrial park ready with infrastructure;
  • Market-oriented economy – exporter of resource based and manufacturing products;
  • Multilingual workforce speaking two or three languages, including English and Mandarin;
  • Large and established foreign business communities in all business sectors;
  • Special incentives and facilitation fund for human capital development for investors in ECER;
  • ECER Development Council is the one-stop facilitation centre to assist investors in dealing with Malaysia Government for their investment in ECER;
  • Competitive wage rates compared to the more developed regions of Malaysia.

MAIN ELIGIBILITY CRITERIA FOR ALL THE CLUSTERS:

  1. Company incorporated under the Companies Act 1965 or Company Act 2016 and resident in Malaysia;
  2. Undertaking a qualifying activity in ECER or has commence a qualifying activity not more than one (1) year from the date of application made and approval by the Minister;
  3. Investors investing in a related company shall own at least 70% equity/paid-up ordinary shares of the company; and
  4. Application to be made on or after 13 June 2008 but not later than 31 December 2020. 

ECER INCENTIVE PACKAGE FOR MANUFACTURING CLUSTER

Promoted Activity

ECER Incentives

  1. Selected manufactured and agro-based products.
  2. Selected manufacturing related services.
  1. Tax Exemption:
    • Income tax exemption of 100% for 10 years commencing from the year company derives statutory income; or
    • Income tax exemption equivalent to 100% of qualifying capital expenditure (Investment tax allowance) for 5 years.
  2. Stamp duty exemption on land or building acquired for development.

ECER INCENTIVE PACKAGE FOR TOURISM CLUSTER

Promoted Activity

ECER Incentives

Tourism

 

  1. Culture and Heritage.
  2. Island tourism.
  3. Mainland coastal tourism.
  4. Cross border tourism.
  5. Eco-tourism.
  6. Health tourism.
  1. Tax exemption:
    • Income tax exemption of 100% for 10 years commencing from the year company derives statutory income; or
    • Income tax exemption equivalent to 100% of qualifying capital expenditure (Investment tax allowance) for 5 years.
  2. Stamp duty exemption on land or building acquired for development.
  3. Withholding tax exemption on royalty and technical fees up to 31 December 2020 for tourism sector only.
  4. Single deduction up to maximum of RM1million for a year of assessment for sponsors of such Hallmark Event approved by ECER Development Council.

ECER INCENTIVE PACKAGE FOR CULTURE & HERITAGE

Promoted Activity

ECER Incentives

Culture and Heritage

 

  1. Making of batik, songket or royal tenun.
  2. Making of brassware or silverware.
  3. Making of traditional kites.
  4. Woodcarving.
  5. Selected art and craft projects including print-making or sculpting.
  1. Tax exemption
    • Income tax exemption of 100% for 10 years commencing from the year company derives statutory income; or
    • Income tax exemption equivalent to 100% of qualifying capital expenditure (Investment tax allowance) for 5 years;
    • Stamp duty exemption on land or building acquired for development.
    • Withholding tax exemption on royalty and technical fees up to 31 December 2020 for tourism sector only.
    • Single deduction up to maximum of RM1million for a year of assessment for sponsors of such Hallmark Event approved by ECERDC.

ECER INCENTIVE PACKAGE FOR AGRICULTURE AND AGRICULTURE RELATED SERVICES CLUSTER

Promoted Activity

ECER Incentives

Agriculture

 

  1. Cultivation of kenaf, vegetable, fruit, herbs, spices or cocoa.
  2. Biomass Plantation including cassava, acacia mangium, leucana leucocephala.
  3. Planting of Hevea brasiliensis.
  4. Floriculture including ornamental flowers.
  5. Aquaculture.
  6. Inland and Deep sea fishing.
  7. Rearing of cattle, buffalo, goat, sheep, ostrich, turkey and quail.
  1. Tax exemption:
    • Income tax exemption of 100% for 10 years commencing from the year company derives statutory income; or
    • Income tax exemption equivalent to 100% of qualifying capital expenditure (Investment tax allowance) for 5 years.
  2. Stamp duty exemption on land or building acquired for development.
  3. Deduction to the amount of investment made in the promoted project or activity.

ECER INCENTIVE PACKAGE FOR AGRICULTURE AND AGRICULTURE RELATED SERVICES CLUSTER

Promoted Activity

ECER Incentives

Agriculture – related services

 

  1. Collecting, processing and packaging of agricultural produce.
  2. Collection and marketing of agricultural produce.
  1. Tax exemption:
    • Income tax exemption of 100% for 10 years commencing from the year company derives statutory income; or
    • Income tax exemption equivalent to 100% of qualifying capital expenditure (Investment tax allowance) for 5 years.
  2. Stamp duty exemption on land or building acquired for development.
  3. Deduction to the amount of investment made in the promoted project or activity.

ECER INCENTIVE PACKAGE FOR KNOWLEDGE, EDUCATION AND ICT DEVELOPMENT CLUSTER

Promoted Activity

ECER Incentives

  1. Education and training.
  2. Information, communication and technology.
  1. Tax exemption:
    • Income tax exemption of 100% for 10 years commencing from the year company derives statutory income; or
    • Income tax exemption equivalent to 100% of qualifying capital expenditure (Investment tax allowance) for 5 years.
  2. Stamp duty exemption on land or building acquired for development.
  3. Withholding tax exemption on royalty and technical fees up to 31 December 2020.

ECER INCENTIVE PACKAGE FOR OIL, GAS AND PETROCHEMICAL CLUSTER

Promoted Activity

ECER Incentives

Selected oil, gas and petrochemical products or activities.
  1. Tax exemption:
    • Income tax exemption of 100% for 10 years commencing from the year company derives statutory income; or
    • Income tax exemption equivalent to 100% of qualifying capital expenditure (Investment tax allowance) for 5 years.
  2. Stamp duty exemption on land or building acquired for development.

ECER INCENTIVE PACKAGE FOR OIL, GAS AND PETROCHEMICAL CLUSTER

Promoted Activity

ECER Incentives

1. Approved developers undertaking development in industrial parks or fee zone.

Income tax exemption for 10 years commencing from the year company derives statutory income:-

  • disposal of any right over any land or disposal of a building or rights over a building or part of a building; or
  • rental of building or part of a building.

2. Approved development manager providing management, supervisory or marketing services in relation to the development of an industrial park or free zone.

 

3. Approved park managers providing park management services including maintenance, marketing and rental of common facilities and utilities services in the industrial park or free zone.

Income tax exemption for 10 years commencing from the year company derives statutory income derived from a qualifying activity.

4. Qualifying person who sponsors a hallmark event.

A deduction equivalent to the amount not exceeding RM1 million for each year of assessment in respect of cash contribution or contribution-in-kind.

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Price is What You Pay Value is What You Get

Pay value

Price is What You Pay Value is What You Get

Valuation is a range of value and every business and intangible assets are unique. Is the transfer of your asset or liability between identified knowledgeable and willing parties that reflects the respective interests of those parties?
Business valuation is a process of determining the value of a business enterprise or ownership interest therein while Intangible assets are assets that do not have physical substance but represent some value to the owner, we assist you to perform the business and intangible assets in accordance with International Valuation Standards including:

a) Business Valuation:

  • Business Planning
  • Estate, Gift and Income Tax
  • Financial Reporting
  • Goodwill Impairment
  • Initial Public Offering (IPO)
  • Litigation and Ownership Disputes
  • Marital Dissolution
  • Mergers and Acquisitions
  • Pre-IPO Advisory
  • Reorganisations or Liquidation
  • Shareholder Oppression Cases
  • Stock Option Plans

b) Intangible Assets Valuation:

Marketing-related:

Trademarks, trade names, service marks, collective marks, certification marks, internet domain names, trade dress and newspaper mastheads.

Customer-related:

Customer lists, order or production backlog, customer contracts and the related customer relationships which meet contractual criterion, and non-contractual customer relationships which meet the separability criterion.

Artistic-related:

Plays, operas, ballets, books, magazines, newspapers, literary works, video and audio-visual materials, musical works, pictures and photographs and artistic works which meet contractual criterion.

Contract-based:

Licences, royalties and standstill agreements, advertising, construction, management, service or supply contracts, lease agreements, franchises, operating and broadcasting rights, use rights such as drilling, water, air, mineral and timber-cutting, servicing contracts such as mortgage and employment contracts and non-competition agreements.

Technology-based:

Patented and non-patented technology, computer software, mask works, databases and trade secrets such as formulas, process or recipes.

c) Brand Valuation

For financial perspective

 

  • Compliance with accounting standards
  • Assisting mergers and acquisitions and corporate restructuring
  • Intellectual property management
  • Strengthening balance sheets and company accounts
  • Increasing shareholder confidence which consequently improves the share price
  • Providing financial transparency and solid proof to donor and contributors for non-profit organization

 

For marketing perspective

 

  • Brand management and strategic development
  • Enhancing management communications
  • Benchmarking of competitors
  • Creating a brand-centric culture
  • Establishing royalty rates for licensing arrangements

 

For legal perspective

 

  • Identifying value of intangible asset in an ownership dispute
  • Securing funds by value of intangible asset in insolvency situation
  • Evaluating economic damage in trademark infringement
  • Licensing claim
  • Partnership dissolution

OUR VALUATION METHODOLOGIES

Valuation-Methodologies

a) Cost Approach

Cost approach is a general way of determining a value indication of a business, business ownership interest, or security using one or more methods based on the value of the assets net of liabilities.

 

In the valuation of a business, cost approach presents the value of all the tangible and intangible assets and liabilities of the company.

b) Market Approach

Based on the principle of competition, market approach assumes if one thing is similar to another and could be substituted for the other, they would compete with each other, then they must be equal in value. The fair value derived must be based on a sufficient number of comparable companies / market transactions in order to derive a relevant and meaningful comparison.

c) Income Approach

Under income approach, it is required to forecast the future benefit streams over a reasonably foreseeable short term and an estimate of a long term benefit stream that is stable and sustainable. Using an appropriate discount rate, the future benefit streams (in the form of cash flow) are discounted back to the valuation date as present values and summed up to derive the fair value.

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IFRS9 Financial Instruments

Financial Investment

IFRS 9 FINANCIAL INSTRUMENTS

Have your financial instruments and derivatives valued at fair value?

We assist you to STRUCTURE, VALUE and RISK-MANAGE your financial instruments and derivatives in accordance with IFRS 9 including:

  • Accumulator or Decumulators
  • Convertible or Redeemable Bonds and Notes
  • Convertible Preference Shares
  • Corporate Guarantee
  • Employee Share Options
  • Equity or Credit-link Derivatives
  • Exotic and Real Options
  • Financial Guarantee Contracts or Mortgage Guarantee Contract
  • Forwards & Futures (FX, Interest Rate, Assets)
  • Options and Warrants
  • Pensions (Defined Benefit Obligation) or Long Services Compensation
  • Promissory or Loan Notes
  • Restricted Shares
  • Share Appreciations Rights
  • Swaps

OUR VALUATION METHODOLOGIES

  • Black-Scholes Option Pricing Formula
  • Binomial Option Pricing Model
  • Monte Carlo Simulation
  • Merton Model
  • Expected Credit Loss Method
  • Projected Credit Unit Method
  • Effective Interest Method

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Investing in Iskandar Malaysia

invest iskandar

Investing in Iskandar Malaysia

QUICK FACTS: ISKANDAR MALAYSIA

Iskandar Malaysia has been allocated RM6.83 billion by the Malaysia Government and is set to locate in Johor, the southern gateway to Peninsular Malaysia, its advantages include:

 

  • Six (6) to eight (8) hours flight radius from Asia’s burgeoning growth centres such as Bangalore, Dubai, Hong Kong, Seoul, Shanghai, Taipei and Tokyo.
  • Within reach of a global market of some 800 million people.
  • Accessible by air, land, rail and sea.
  • Flanked by three major ports, the Pasir Gudang Port, Port of Tanjung Pelepas and Tanjung Langsat Port.

 

Five Flagship Zones have been designated as key focal points for development in Iskandar Malaysia. These flagship zones have been envisaged to both further strengthen existing economic clusters as well as diversify and develop targeted growth sectors. Refer to Appendix for more details.

TAX INCENTIVES for Promoted Activities in Iskandar Malaysia:

  1. 100% Tax Exemption up to a maximum of 10 Years on the statutory income ;
  2. 200% Tax Deduction up to a maximum of 10 Years on the investment activities

1. Incentives through the Malaysian Industrial Development Authority (‘MIDA’)

Companies which are carrying out the following promoted activities and/or producing promoted products will be eligible for the following tax incentives provided under the Promotion of Investments Act, 1986 and/or the Income Tax Act, 1967.

Economic Drivers
Incentives
  1. Electrical and Electronics
  2. Petrochemicals and oleochemicals
  3. Food and Agro-processing
  4. Biotechnology

General

Pioneer Status

-5 years Pioneer Status and tax exemption at 70% of statutory income

 

Investment Tax Allowance

-60% ITA on qualifying capital expenditure incurred within 5 years and can be set off against 70% of statutory income

 

High Technology Projects

Pioneer Status

-5 years Pioneer Status and tax exemption at 100% of statutory income

 

Investment Tax Allowance

-60% ITA for 5 years and can be set off against 100% of statutory income

 

Strategic/ Prepackaged incentive Projects

Pioneer Status

-10 years Pioneer Status and tax exemption at 100% of statutory income

 

Investment Tax Allowance

-100% ITA for 5 – 10 years and can be set off against 100% of statutory income

 

  1. Exemption on import duty and/or sales tax on plant and equipment directly used in the manufacturing process
  2. Exemption from import duty and/or sales tax on raw materials and components used in the manufacturing process

Logistics

 

  1. Integrated logistic services providers (‘ILS’)
  2. International procurement centres (‘IPCs’)/ regional distribution centres (‘RDCs’)
  1. 5 years Pioneer Status and tax exemption at 70% of statutory income, or
  2. 60% ITA for 5 years and can be set off against 70% of statutory income
  3. For IPCs and RDCs, full tax exemption for 10 years

Tourism

 

  1. Establishment of hotels (up to 3 stars)
  2. Expansion/modernization of existing hotels
  3. Establishment and expansion of tourist projects
  4. Establishment of recreational camps
  5. Establishment of convention centres
  1. 5 years Pioneer Status and tax exemption at 70% of statutory income, or
  2. 60% ITA for 5 years and can be set off against 70% of statutory income
  3. Exemption from import duty and/or sales tax on selected equipment used in the hotel/tourism industry

Education

 

  1. Technical or vocational training
  2. Private Higher Education Institutions (‘PHEIs”) providing selected courses in Science (new set up) or existing PHEIs in the selected fields of Science undertaking additional investments for upgrading or expansion capacity
  1. 100% ITA on qualifying capital expenditure incurred within 10 years to be set off against 70% of statutory income
  2. Special building allowance of 10% per year
  3. Exemption on import duty and/or sales tax on educational equipment including laboratory equipment
  4. Exemption on withholding tax on royalties paid to non-resident franchisors
  5. Incentives for Private Higher Education Institutions (‘PHEIs) providing courses relating to multimedia and which have their own multimedia faculties are also available through MDeC.

Creative Industries

 

  1. Film and video production
  1. 5 years Pioneer Status and tax exemption at 70% of statutory income, or
  2. 60% ITA for 5 years and can be set off against 70% of statutory income
  3. For other incentives, please refer to incentives provided through MDeC for multimedia development and applications.

Financial services, advisory services and consulting services

 

  1. Provision of regional headquarters services under business process outsourcing/ offshoring
  1. 10 years tax exemption on the provision of regional headquarters services to related companies including certain types of business process outsourcing/ offshoring
  2. See part IV below for incentives for selected services under Islamic Financial Services

2. Incentives through the Multimedia Development Corporation (‘MDEC’)

Companies that develop or use multimedia technologies to produce or enhance their products and services are eligible for MSC Malaysia Status. These also include private higher educational institutions providing courses relating to IT.

 

A company seeking MSC Malaysia status must meet the following criteria:

 

  • Be a provider or heavy user of multimedia products and services;
  • Employ a substantial number of knowledgeable workers;
  • Provide technology transfer and/or contribute towards the development of MSC Malaysia or support Malaysia’s k-economy initiatives;
  • Establish a separate legal entity for MSC Malaysia qualifying multimedia business and activities;
  • Locate in a MSC Malaysia designated cybercity/cybercentre*;
  • Comply with environmental guidelines

(*Menara MSC Cyberport, a building located within Iskandar Malaysia, is a designated cybercentre)

 

Economic Drivers

Education

  • -Private Higher Education Institutions (‘PHEIs”) providing courses related to IT and which have their own multimedia faculties

 

Creative Industries

May include:

  • Film and television (pre and post production, production)
  • Games and animation (content creation, production, post-production)
  • Online and mobile content generation
  • Online and mobile content aggregation and enablers

 

Financial services, advisory services and consulting services

  • Business process outsourcing/offshoring

 

Incentives

  • 5 years Pioneer Status (extendable by another 5 years) and tax exemption at 100% of statutory income; or
  • 100% ITA on qualifying capital expenditure incurred within 5 years to be set off against 100% of statutory income.
  • Exemption on import duty and/or sales tax on multimedia equipment used in the MSC operations.
  • Exemption on withholding tax on payments to non-residents for technical services, licensing fees and interest on loans for technology development.
  • Owners of buildings in Cyberjaya whose buildings are rented out to MSC status companies are eligible for Industrial Building Allowance of 10% to be claimed over a period of ten years.

3. Incentives through the Ministry of Agriculture

Projects in selected food production are eligible for a better form of tax incentives. The eligible ‘food products’ as approved by the Minister of Finance include vegetables, fruits, herbs, spices, aquaculture, rearing of cattle, goats and sheep and deep sea fishing. The incentives are for the company undertaking the approved food production activity as well as for the company investing in the approved food production company.

Economic Drivers
  • Food and agro-processing
Incentives
  • Approved Food Production company– 100% tax exemption on statutory income for 10 years
  • Company which invests in Approved Food Production company
    • The investor company is entitled to a tax deduction equivalent to the amount invested in the subsidiary (must be at least 70% owned) which undertakes the food production project; or
    • The investor company will be given group relief for the losses incurred by the subsidiary company
    • Exemption on import duty and/or sales tax on plant and equipment directly used in the operations

4. Incentives through the Malaysia Islamic Financial Centre (‘MIFC’)

General banking and financial services providers are not eligible for any tax incentive in Malaysia. To promote Malaysia as an Islamic Financial Centre (MIFC), tax incentives are available for eligible companies carrying out Islamic banking services, takaful operations, stock broking, fund management services and etc. The incentives for Islamic financial services include the following:

 

  • tax exemption for Islamic Financial Institutions on transactions in international currencies
  • tax exemption for Special Purpose Vehicles issuing Islamic securities
  • tax deduction for expenditure on the issuance of Islamic securities
  • tax exemption for Islamic fund management companies
  • tax deduction for the establishment of an Islamic stockbroking firm
  • tax exemption on income received by non-resident experts in Islamic finance

5. Incentives through the Malaysian Biotechnology Corporation

A company which is a provider of a product or services based on life sciences or substantially utilize biotechnology processes and with research capabilities in specific focus areas is eligible to apply for a BioNexus status. The application for BioNexus status is to be submitted to the Malaysian Biotechnology Corporation (Biotech Corp). The incentives are:

 

  • 100% income tax exemption for ten years commencing from the first year the company derives profits; or
  • Investment Tax Allowance of 100% on the qualifying capital expenditure incurred within a period of five years.
  • Upon the expiry of the tax exemption period, a BioNexus status company will be given a concessionary tax rate of 20% for ten years on income from qualifying activities.
  • A company which invests in its subsidiary (at least 70%), which is a BioNexus Status company is granted tax deduction equivalent to the amount of investment made in that subsidiary;
  • A company or individual investing in a BioNexus status company is given a tax deduction equivalent to the total investment made in seed capital and early stage financing;
  • Exemption of import duty and sales tax on raw materials/components and machinery and equipment;
  • Double deduction on expenditure incurred for R&D;
  • Double deduction on expenditure incurred for the promotion of exports; and
  • Buildings used for biotechnology activities will be eligible for Industrial Building Allowance to be claimed over a period of 10 years.

6. Incentives through the Halal Industry Development Corporation (HDC)

Halal is a way of life and promotes a healthy lifestyle by how we eat, live and conduct our business. HDC Malaysia has been tasked to develop and promote Malaysia as a ‘Global Halal Hub’ through standards development, branding enhancement as well as commercial and industry development.

 

The following incentives are available for the different type of activities within the supply chain to bring halal certified products to the market.

Activities
Incentives
Halal Park Operator
Development of halal parks
  1. 10 years Pioneer Status with tax exemption at 100% of statutory income; or
  2. 100% ITA on qualifying capital expenditure incurred within 5 years to be set off against 100% of statutory income
  3. Exemption from import duty on equipment directly used in the Cold Room Operations
Halal Logistic Operator
Services provided must be integrated similar to services provided by an “integrated logistic services provider” which had been approved with tax incentives
  1. 5 years Pioneer Status with tax exemption at 100% of statutory income; or
  2. 100% ITA on qualifying capital expenditure incurred within 5 years to be set off against 100% of statutory income
  3. Exemption from import duty on equipment directly used in the Cold Room Operations
Halal Industry Players
Development of halal parks
Activities must be in four industry sectors
1. Specialty Processed Food
2. Cosmetic and Personal Care / Pharmaceutical
3. Halal Ingredients
4. Livestock and Meat Product
  1. Exemption on statutory income from export sales for 5 years; or
  2. 100% ITA on qualifying capital expenditure incurred within 10 years to be set off against 100% of statutory income
  3. Exemption from import duty on raw materials used for the development and production of halal promoted products
  4. Double deduction on expenses incurred in obtaining international quality standards such as HACCP, GMP, Codex Allimentarious (food standard guidelines of FAO and WHO) , Sanitation Standard Operating Procedures and regulations for compliance for export markets such as Food and Traceability from farm to fork.

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Why Considering Outsourcing as You Have Bigger Fish to Fry

Why considering bigger fish

Why Considering Outsourcing as You Have Bigger Fish to Fry

You might have more important business strategies to execute – “bigger fish”, by outsourcing business processes, it can help to redeploy your valuable resources towards “bigger” fish” to achieve your strategic goals and objectives.

Why Consider Business Process Outsourcing (“BPO”)

Why consider outsourcing? Today the business is dynamic, you might want to fully redeploy your human resources towards a more important business task to achieve your strategic goals and objectives, by leveraging our highly skills and experienced human resources to assist your organisation’s statutory compliance, you can focus on your operation in more efficient and effective way.

We have pool of professional staff with knowledge, experience and expertise to assist your internal fuction (i.e accounting, administrations, human resources etc.). We are able to assign our professional staffs to your office for a certain period as per your business needs. Our staff placement services will help you in the following situations:-
  • You need temporary replacement after your staff has resigned
  • You need professional and experience staff to clear accounting backlogs and get your accounts updated;
    • unidentified and unmatched trade spend and goods return
    • long outstanding and accumulated suspense, clearing, other debtors and creditors account balances,
    • bank statement reconciliation or monthly/annual accounts.
  • You are facing peak period which is temporary in nature (e.g annual budgeting, rapid expansion etc) and need extra hands to expedite the process;
  • Your existing staff participate in special projects (such as restructuring, merger, acquisition, listing exercise, system migration etc) and require temporary helping hands to focus on routine functions;
  • Your existing staff are on long leave due to illness, personal reasons or temporary re-assignment;
  • You need highly skills, experience professional and reliable staff that will always ensure your organisation are in full compliance with regulatory requirement in an accurate and timely mannerly;
  • You are at early stage companies and rarely require full-time accounting employees for accounting task as the worload is small.

What Benefits Our Staff Placement Services to Your Business

  • Redeploy your valuation human resources to a more important business task to achieve your business strategic goals and objectives;
  • Minimum re-training costs on the changes of GST/VAT, Accounting Standards and other relevant regulation and acts;
  • Lower your fixed costs on maintaining a pool of compliance teams; and
  • Lower recruitment costs on hiring your compliance team;

What We Do

  • Accounting Services and Function
  • Payroll Services and Human Resource Administration
  • Outsourcing CFO Functions
  • Compilation of Unaudited Financial Statement
  • Preparation of filing XBRL (Extensible Business Reporting Language)
  • Provision of Treasury Functions
  • Executive Recruitment and Search

Why TY TEOH

  • Our staff strength combine Singapore, Malaysia, UK, and Australia Chartered Accountants;
  • More than 150 experienced accounting professionals who bring the different set of technical skills and expertise and with different industry experiences;
  • Strong track records, e.g. delivered more than 10,000 financial report;
  • Experienced in handling BPO in different countries’ governing law and jurisdiction.

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