Business Support / HR & Payroll Service
HR & Payroll Service
At BBS TRUST, our HR and Payroll services encompass meticulous maintenance of employee records, ensuring accuracy and confidentiality in handling personal information, employment contracts, performance evaluations, job descriptions, and other sensitive employee data. The payroll function relies on this comprehensive data to facilitate precise and up-to-date employee compensation and benefits administration.
Build Your Business Excellence With Us Today
Comprehensive HR & Payroll Service by BBS
We handle tasks such as payroll calculation, arranging salary payments, issuing pay slips, and managing tax obligations, including monthly and annual individual income tax filing and registration of tax-deductible items with the Tax Authority.
- Payroll Processing
- Recruitment & Onboarding
- HR Advisory & Compliance
- Training & Development
- Termination & Offboarding
- International Pensions
- Global HR Administration Services
- Consultancy Services for Global HR and Payroll
Advantages of Partnering with Us
- Cost Savings:
Convert HR and payroll costs into scalable expenses, avoiding the need for dedicated staff. - Regulatory Compliance:
Ensure compliance with labor laws and tax requirements while adhering to industry best practices.
- Focus on Core Business:
Entrust HR and payroll tasks to our capable professionals, freeing resources to focus on core business objectives.
- Process Optimization:
Digitize and integrate processes to enhance efficiency and workflow management.
- Risk Mitigation:
Perform payroll health checks to avoid errors, omissions, and late filings, reducing staff dependency. - Compliance Assurance:
Streamline compliance activities and stay informed about global and local policy, regulation, and tax system changes.
BBS TRUST – A Recognized Payroll Outsourcing Partner
We are led by experienced professionals and supported by proprietary information technology systems to provide comprehensive HR and payroll-related services. Our expert teams offer strategic advice on optimizing payroll functions, improving internal controls, and ensuring compliance with internal policies and national or international regulations. We assist our clients in strengthening their organizational capabilities and streamlining internal processes to achieve their business objectives effectively.
Relieving You of HR & Payroll Operational Responsibilities, Allowing You to Focus on Your Core Business Goals
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.