E-Newsletter September 2017
Malaysia’s investment outlook for 2017 appears positive despite the volatile international financial markets, subdued commodity prices, uncertain economic policies and more intense regional competition. Malaysian economy manages to weather through all the challenges and maintain sustainable growth in many aspects.
Pakistan Joins 3E International Network
2017 was an exciting year for 3E Accounting Malaysia as we grow and continued to innovate. Last month, we were so glad to have another competent partner to join our international network: Pakistan, one of the few developing countries with remarkable economic growth over the years. In fact, Pakistan has made a good addition to our global network, making us a more competent global network with strong foundation.
OCBC Recognises 3E Accounting as OCBC Platinum Partner Award Recipient
3E Accounting is honoured to be recognized as an OCBC Platinum Partner from OCBC. The OCBC Platinum Partner award recognises top industry player with its top-notch level of service and only the cream of top players are given this award. Dedicated to be the leading one-stop solution provider in Malaysia, 3E Accounting takes this award as a great honor and are very proud to be recognized in Malaysia for all the passion and hard work the company has been putting forth all this years. We won’t stop here but strive to continue to help small businesses in Malaysia with the utmost efficiency.
3E Accounting has been ranked by alexa.com as No.1 Online Company Registration Website in Malaysia
Another remarkable achievement is that 3E Accounting topped the list as the No.1 Online Company Registration Website in Malaysia. The achievement was in fact an endorsement by the online community that 3E Accounting can deliver nothing but exceptional results. Many people view 3E Accounting’s website as one of the reliable resource centres that cover all the aspects of company incorporation and business insights. The constant quest to be extraordinary is the reason that enables 3E Accounting to become the leading service provider in company incorporation in Malaysia.
Small Companies in Malaysia Do Not Need Auditors under the Companies Act 2016
Under the recently issued a Practice Directive pursuant to Section 20C of the CCM Act 2001 and subsection 267 (2) of the Companies Act 2016 (CA 2016), eligible private companies will be qualified for audit exemption in a financial year (they do not need auditors). Companies eligible for audit exemption include dormant companies; zero revenue companies; and threshold qualified companies. The new regulation (audit exemption for private companies) will reduce the burden of small and medium enterprises (SMEs) and boost the growth of small companies.
As we look to the months ahead we remain committed to excellence, with innovations and better management. On behalf of 3E Accounting, I thank you for your continued support.
Read More in our E-Newsletter September 2017.