Thrive in Malaysia

Dive into Malaysia's thriving economy with Innovare as your guide. Our on-the-ground expertise in Kuala Lumpur ensures your business leverages the best of Malaysia's diverse market opportunities. Let's navigate the complexities together, turning challenges into growth opportunities in the heart of Southeast Asia.

Thrive in Malaysia

Dive into Malaysia's thriving economy with Innovare as your guide. Our on-the-ground expertise in Kuala Lumpur ensures your business leverages the best of Malaysia's diverse market opportunities. Let's navigate the complexities together, turning challenges into growth opportunities in the heart of Southeast Asia.

Brief Overview

Innovare Malaysia

Innovare Malaysia, situated in the heart of Kuala Lumpur, is dedicated to smoothing your business's entry and growth in Malaysia's vibrant economy. Addressing common hurdles like foreign employment and local compliance, our EOR model is tailored to diverse industries, ensuring your venture in Malaysia is seamless and successful.

Our Central Kuala Lumpur Hub is strategically positioned to provide comprehensive support in Malaysia's business epicenter.

We offer Customized EOR Solutions tailored to meet the unique needs of various industries within Malaysia.

A dedicated team with expertise in payroll, immigration, and compliance delivers professional insights.

We offer support for expatriates and locals, ensuring smooth workforce integration in Malaysia.

Local Expertise

Country-Specific Solutions

Onboarding

Innovare Malaysia ensures a compliant start for your workforce with thorough contract management, aligning with Malaysia's employment standards from the outset.

  • Legal compliance ensured from day one.
  • Transparent employment terms for clarity and fairness.
  • Efficient setup for both local and expatriate employees.
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Payroll

Our payroll services adhere to Malaysia's monthly cycle, ensuring employees are compensated accurately and on time, in line with local regulations.

  • The payroll cycle in Malaysia is monthly, where payments are made on the last working day of the month.
  • Compliance with Malaysia's Employment Act for payroll.
  • Detailed payroll documentation for employee clarity.
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Taxes

Innovare ensures tax compliance in Malaysia for both residents and non-residents, navigating the complexities of local tax legislation effectively. Understanding the distinction between resident and non-resident tax obligations is crucial for accurate tax planning and compliance.

  • Staying over 182 days in Malaysia makes one a tax resident.
  • Non-residents working less than 60 days are tax-exempt, except for consultancy income.
  • Non-residents are taxed at 30% on income from services.
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Leave

Innovare ensures your workforce in Malaysia benefits from comprehensive leave entitlements, including annual, sick, and parental leave, in line with the Malaysian Employment Act, fostering a supportive work environment.

  • Annual leave scales with tenure, from eight to 16 days.
  • Malaysia's 11 public holidays are in addition to annual leave.
  • Parental leave policies support new parents comprehensively.
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Statutory Benefits

Innovare aligns with Malaysia's SOCSO system and health benefits, ensuring your team's comprehensive welfare and compliance with national schemes.

  • SOCSO management provides employee financial aid for adversities.
  • Health benefits contributions adhere to Ministry of Health standards.
  • Compliance with Malaysian Social Security for pensions and healthcare.
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Other Employer Costs and Insurance

Innovare’s insurance policy in Malaysia (subject to terms and conditions) includes Professional indemnity insurance and Public liability insurance and is inclusive in our management fee. Workman compensation insurance is charged at cost.

  • All Employee of Record consultants are required to have adequate medical insurance to cover them throughout the entire contract
  • Medical insurance is a must for locals and expatriates working in Malaysia.
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Onboarding
Payroll
Taxes
Leave
Statutory Benefits
Other Employer Costs and Insurance

Malaysia Market
Insight

Open Economy

Malaysia's trade and investment drive job creation and income growth, with a significant employment sector tied to exports.

Investment Hub

Attracts foreign investment with its cost-effective, educated workforce, advanced infrastructure, and pro-business policies.

Strategic Gateway

Positioned as a manufacturing and export base, Malaysia's strategic location and business-friendly environment make it a gateway to the Asian market.

Global Reach

Comprehensive Solutions, Tailored for You

FAQ

You've got questions, and we have the answers.

1) What documents should the client have ready to avail EOR services from Innovare in Malaysia?

2) Do you assist clients with company incorporation in Malaysia? If so, to what extent do you provide support?

3) What does the process of getting started with Innovare for EOR services in Malaysia actually entail?

4) Does Innovare also support businesses with other aspects of setting up a business, such as becoming a member of a chamber of commerce or taking advantage of particular government schemes or grants in Malaysia? If yes, to what extent does that support extend?

5) How does Innovare assist clients with visa and work permit requirements in Malaysia? What documents do you require from clients/candidates to facilitate the visa application process?