Seamless Malaysian Expansion:
Docquity's Success Powered by LBCO

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Introduction

Expanding your small business into new markets is an exciting but often daunting prospect. Docquity, a healthcare startup, understood the complexities of establishing operations in Malaysia. That’s why they chose LBCO as their trusted compliance partner, streamlining the entire process and setting them up for rapid success.

 

Key Challenges :

  • Navigating incorporation procedures 
  • Obtaining essential licenses
  • Understanding payroll complexities
  • Securing expatriate employment passes
  • Ensuring tax and service tax compliance

 

Outcomes

Swift company incorporation

LBCO’s streamlined process ensured rapid registration of Docquity’s Malaysian subsidiary, accelerating their market entry. LBCO guided Docquity on selecting the appropriate business structure, preparing incorporation documents, and navigating interactions with the Companies Commission of Malaysia (SSM).

Timely license approvals:

LBCO identified the specific licenses and permits that were required based on their business activities.  LBCO prepared the necessary license applications, ensuring Docquity were compliant, and liaising with relevant government agencies to expedite the approval process.

Accurate and efficient payroll management:

LBCO established a reliable payroll system tailored to Malaysian laws. This included setting up salary structures, handling statutory deductions (like EPF and SOCSO), generating payslips, and ensuring timely tax filings.

Successful employment pass applications:

LBCO supported Docquity in securing employment passes for their senior expatriate staff. This involved determining eligibility, preparing comprehensive application packages, and navigating the complex immigration process.

Peace of mind with ongoing tax compliance:

LBCO provided comprehensive tax advisory services ensuring Docquity met its corporate tax filing obligations and remained compliant with Malaysian tax regulations. LBCO have also advised Docquity on service tax requirements and filings ensuring that Docquity remains fully compliant.

Testimonial

“LBCO was our lifeline for setting up in Malaysia. Their expertise made the seemingly impossible feel effortless. We were free to focus on our business, knowing the compliance side was in expert hands.” – Ankur Aggarwal, Chief of Accounting, Docquity

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