Business Support / Compliance Services
Compliance Services
Our compliance solutions are meticulously tailored to address regulatory compliance risks for licensees, offering guidance on developing and implementing effective compliance programs. We ensure adherence to all relevant regulatory obligations and internal policies through integrated systems and controls. By meticulously designing, applying, and monitoring standards, we establish a robust foundation for compliance, reducing the licensee’s risk exposure.
Build Your Business Excellence With Us Today
Comprehensive Compliance Services by BBS
- Regular Reviews and Onsite Visits:
Conduct thorough compliance reviews and promptly address identified deficiencies. - Compliance Monitoring Plans:
Develop tailored monitoring plans to assure compliance across all levels. - Regulatory Reporting:
Provide guidance on submission of relevant regulatory compliance reports and declarations. - Suspicious Transaction Reporting:
Offer guidance on identifying and reporting suspicious transactions to regulatory authorities.
- Establishment of Training Programs:
Develop and maintain training programs to ensure staff awareness of compliance responsibilities.
- Manual Establishment and Maintenance:
Establish and maintain compliance, AML, and CFT manuals.
- Regular Compliance Updates:
Provide regular updates on legislative and regulatory changes impacting business operations. - Risk Assessment:
Provide guidance on identify, measure, and assess compliance risks associated with business operations. - Additional Support:
Provide support through various channels to offer compliance monitoring advice and assistance.
Advantages of Partnering with Us
- Risk Mitigation:
Ensure regulatory compliance and mitigate risks efficiently. - Regulatory Adherence:
Stay up-to-date with regulations and maintain full compliance. - Transparency and Reporting:
Enhance transparency with detailed compliance reports. - Training and Awareness:
Equip your staff with the knowledge needed for compliance. - Policy Establishment:
Establish robust compliance policies tailored to your needs. - Consulting Support:
Stay informed with regular updates and expert advisory services.
BBS TRUST – Comprehensive Compliance Solutions for Your Business
Whether your business operates with a single employee or spans across continents with thousands, our compliance services offer fully managed, standardized solutions tailored to your specific needs. No matter where you operate, we ensure comprehensive compliance support, allowing you to navigate regulatory complexities seamlessly and focus on driving your business forward.
Ensuring Robust Financial Reporting as the Foundation of Your Business
Why Choose BBS?
We understand the challenges encountered by entrepreneurs who are operating in a highly competitive and ever-changing environment. With more than 25 years of combined experience, we provide comprehensive business structure advisory and related services to assist entrepreneurs in navigating through challenges.
25 Years of Professional Experience
Over 300 License Applications
End-to-end Business Advisory Services
Partners with More Than 50 Jurisdictions
Our Global Footprint of Advisory
FAQ
One share in any denomination in foreign currency except Malaysia Ringgit
Approximately 7-14 business days upon complete collection of the required documents
The director and the shareholder must be at least one person and can be the same person. It
can be fully owned by a foreigner.
A resident secretary is required.
• Trading company – please see attachment “LFSA – Code 20” for allowed activities under trading company.
• Non-trading company/investment holding – income mainly from dividend or interest.
*Kindly take note that the tax for general trading or import/export services is ranging from 15% – 24% under Malaysia Income Tax Act 1967.
• Trading company companies are taxed under Malaysia Income Tax Act 1967, which the tax ranging from 15%-24% of its profit except for Labuan licensed company. (Audit required)
• Tax for Labuan licensed company and business nature under “Code 20” is 3% of its audited net profit with fulfilled its substance requirements. (Audit required)
• Investment holding companies are not subjected to tax (0% tax) with the submission of yearly management account and fulfilled substance requirement.
No.
• CTC of Passport
• CTC of Proof of address (such as the most recent utility bill, internet bill, insurance statement, etc)
*CTC – Certified True Copies: Certification of documents must be made by competent persons such as a notary public, solicitor, chartered secretary, or certified public accountant,
and made in accordance with the law in Malaysia or in the country where the certification was made.