Most employee started working remotely due to Covid-19. Remote working allows employees to do their work-related task at home instead of their usual workplace. Employees use electronic media (ie google doc, Staffhub, Slack, Zoom) to manage, communicate and conduct their work with people outside and inside of the company. It is a new style of …
EXCITING NEWS! As a company that’s committed to continually enhancing the client experience, the team at SOCOWO are always looking for ways to expand and improve our products, and in line with this ethos, we’ve recently made the decision to add four useful new services to our existing offerings. The first of these is company …
Business process outsourcing has become incredibly popular with companies ranging from small to medium size enterprises, and big corporation over the last two decades. Business process outsourcing (BPO) is the contracting of non-primary business activities and functions to a third- party provider. Broadly speaking, companies adopt BPO practices in two main areas which are back …
Continue reading “BUSINESS PROCESS OUTSOURCING (BPO) IN ASIA: Why Not Malaysia”
Business substance is described as the working reality of the corporate structures comprising of office, bank account, personnel, sale proceeds and top management’s decision making. It reflects the legitimacy of a business. The business substance is essentially about having the right infrastructure and personnel in the perfect place at the right time. In other words, …
Labuan is a mid-shore jurisdiction, as part of Malaysia. It is well- supported by a robust, modern and internationally-recognised legal framework enforced by its regulator, Labuan Financial Services Authority (Labuan FSA). This jurisdiction provides a wide range of business and investment structures for cross-border transactions, international business dealings and wealth management demands.TAX HEAVEN Previously, reason …
Continue reading “Redomiciliation: Moving Foreign Entities To Labuan, Malaysia”
Labuan companies are enjoying the favorable working environment in Labuan. You must be wondering why is Labuan. So, the major reason behind its operations in Labuan is the beneficial tax treatment that is offered by the host country. In this article, we will highlight the reasons for maintaining tax substance in Labuan. The era when …
Continue reading “Reasons Behind the Maintenance of Tax Substance”
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