Value Added Services

REGISTRATION OF ACCOUNTS
APPLICATION OF WORK PASSES
OPENING BANK ACCOUNT SERVICES
NOMINEE SERVICES
CERTIFICATION AND LEGALISATION

REGISTRATION OF ACCOUNTS

There is various type of Accounts that a Company must registered after the Company is incorporated or when the Company start to employ new employees.

Registration of Accounts could be a time-consuming process and challenging if you are not familiar with the various rules, application process and which government authorities you should deal with. Any error will be rejected outright by the government authorities and you will need to re-apply the accounts’ registration again.

Following are the various types of accounts that a Company should register as well as the registration’s deadline :

ACCOUNTS	DEADLINE TO REGISTER
Employees Provident Fund (EPF)	Within 7 days from commencement of employment.
Social Security Organisation (SOCSO)	Within 30 days from recruitment of 1st employee.
Employer Tax File (ETF)	When Company start to employ employee and register before payment of salary.
Notification of new employee & Monthly Tax Deduction (MTD)	Within 1 month from commencement of employment.
Human Resources Development Corporation (HRDF)	Within 30 days of incorporation.(applicable for certain industries with 10 Malaysian employees)

Let our team to assist you through this complex and time-consuming process so that you could focusing more on your core areas such as building your brand and improving competitive advantages.

APPLICATION OF WORK PASSES

Malaysia’s Work Pass application and renewal for your foreign staff can be a time-consuming process and challenging if you are not familiar with the various rules and application process set by the Immigration Department of Malaysia (IDM). Any error will be rejected outright by the IDM.

Let our team assist you through this cumbersome process including advise you on your eligible foreign manpower quota, assess your candidate’s profile and apply for the appropriate work pass, real-time tracking of application status with IDM and assist with the issuance of the pass. In the event the application is rejected, we will manage the appeal process for you.

The various types of Malaysia’s work pass categories that are available for foreigners to apply include the following:

Employment Pass (EP)	Employment Pass (Category I) Expatriate Monthly salary range: ≥ RM 10,000 per month Duration of Employment Contract: Up to 5 years (renewable) Eligible to apply for Dependent Pass (DP) for the spouse and children who ≤ 18 years old Eligible to apply for Long-Term Social Visit Pass for parents or parents-in-low and children who ˃ 18 years old. Employment Pass (Category II) Expatriate Monthly salary range: RM 5,000 - RM 9,999 per month Duration of Employment Contract: Up to 2 years (renewable) Eligible to apply for Dependent Pass (DP) for the spouse and children who ≤ 18 years old Eligible to apply for Long-Term Social Visit Pass for parents or parents-in-low and children who ˃ 18 years old. Employment Pass (Category III) Knowledge/ Skilled Worker Monthly salary range: RM 3,000 - RM 4,999 per month Duration of Employment Contract: ≤ 12 months (Renewable, Maximum of 2 times renewal) Not eligible to apply for DP and Long-Term Social Visit Pass for family members.
Professional Visit Pass (PVP)	Issued to foreign nationals who come to Malaysia for temporary work of up to 12 months, and who are still hired by a foreign company.
Temporary Employment Pass	Foreign Worker Temporary Employment Pass Foreign nationals (between 18 to 45 years old) from approved countries allowed to work in the following categories: Manufacturing, Construction, Plantation, Agriculture and Services with this pass. Employment duration: ≤ 5 years Foreign Domestic Helper (FDH) Temporary Employment Pass Only issued to female workers (between 21 to 45 years old) from approved countries. They would work in her employer’s home, provided that the employer has young children (under 15 years old) or elderly parents who need taking care of. Employment duration: 12 months (renewable)

Employment Pass (EP)

Employment Pass (Category I) Expatriate

Monthly salary range: ≥ RM 10,000 per month
Duration of Employment Contract: Up to 5 years (renewable)
Eligible to apply for Dependent Pass (DP) for the spouse and children who ≤ 18 years old
Eligible to apply for Long-Term Social Visit Pass for parents or parents-in-low and children who ˃ 18 years old.

Employment Pass (Category II) Expatriate

Monthly salary range: RM 5,000 - RM 9,999 per month
Duration of Employment Contract: Up to 2 years (renewable)
Eligible to apply for Dependent Pass (DP) for the spouse and children who ≤ 18 years old
Eligible to apply for Long-Term Social Visit Pass for parents or parents-in-low and children who ˃ 18 years old.

Employment Pass (Category III) Knowledge/ Skilled Worker

Monthly salary range: RM 3,000 - RM 4,999 per month
Duration of Employment Contract: ≤ 12 months (Renewable, Maximum of 2 times renewal)
Not eligible to apply for DP and Long-Term Social Visit Pass for family members.

Professional Visit Pass (PVP)

Issued to foreign nationals who come to Malaysia for temporary work of up to 12 months, and who are still hired by a foreign company.

Temporary Employment Pass

Foreign Worker Temporary Employment Pass

Foreign nationals (between 18 to 45 years old) from approved countries allowed to work in the following categories: Manufacturing, Construction, Plantation, Agriculture and Services with this pass.
Employment duration: ≤ 5 years

Foreign Domestic Helper (FDH) Temporary Employment Pass

Only issued to female workers (between 21 to 45 years old) from approved countries.
They would work in her employer’s home, provided that the employer has young children (under 15 years old) or elderly parents who need taking care of.
Employment duration: 12 months (renewable)

Besides above work passes application, YTK can assist you in other passes application like Dependent Pass and Social Visit Pass.

OPENING BANK ACCOUNT SERVICES

Need a comparison list to decide which is the right bank to open the account for your business? Are you prefer to meet with banker outside of bank instead of queuing and waiting at bank for bank account opening? There are a lot of account opening documents and constitutional documents to be prepared and submitted for bank account opening. These may sound complicated to you. Why don’t leave them to professionals like YTK and we will assist you to get bank account opening done.

NOMINEE SERVICES

A Malaysia Company must have at least one director who is “ordinarily resident” in Malaysia. If you do not have a local resident director to fulfil the requirement of the Malaysia Companies Act, you can appoint us as your nominee director.

Besides nominee director, we do provide nominee shareholder too.

CERTIFICATION AND LEGALISATION

The certified true copies and/or legalised constitutional documents are frequently required for dealings with banks and potential business partners. “Time is money” – you can save your precious time by dealing with us as one contact point and we will liaise with various parties such as Certified Public Accountant, Notary Public and Embassies to get your documents done.