Monthly Archives

December 2022

How to Start a Business in Malaysia and Get SME Business Loans

By Blog
Starting a business in Malaysia is relatively easy, thanks to the government’s initiatives to help small businesses grow. All you need to do is follow these steps:

1) Make a Business Plan:

The first step to starting any business is to create a business plan. This document will outline your business goals, strategies, and how you plan on achieving them.

2) Review Your Financial Projections:

Once you have your business plan, reviewing your financial projections is next. This will allows you to determine how much money you need to start your business and how much you can realistically expect to earn in the first year.

3) Choose The Right Business Structure:

The first step is to decide on the legal structure of your business. The most common options in Malaysia are sole proprietorship, partnership, limited liability partnership (LLP), and private limited company (Sdn Bhd). This decision will be based on a number of factors, such as the size of your business, your business goals, and the amount of liability you’re willing to take on.

4) Register Your Business:

Once you’ve chosen your business structure, the next step is to register your company with the Companies Commission of Malaysia (SSM). This can be done online or in-person at any of their offices. The registration process will vary depending on your chosen business structure.

You can register your business in Malaysia online through SSM online portal https://ezbiz.ssm.com.my/

5) Obtain necessary permits and licenses:

Depending on the nature of your business, you may need to obtain permits or licenses from the relevant authorities. These could include licenses for business premises, trade licenses, and permits for certain types of businesses.

6) Open a business bank account:

It is important to open a separate bank account for your business transactions. This will help you keep track of your business finances and simplify tax reporting.

7) Register for taxes:

You will need to register your business for various taxes, including income tax, goods and services tax (GST), and employee provident fund (EPF) contributions.

8) Get A Business Loan:

The final step is to get a business loan. This will give you the capital you need to start your business and help you achieve your goals. There are a variety of financing options available, so be sure to compare rates and terms before choosing one.

Starting a business in Malaysia can be a complex process, but with careful planning and guidance, it can be a rewarding venture. It is important to seek professional advice and support to ensure compliance with regulations and optimize your business operations.

Learn More About SMEs Business Financing and Loans in Malaysia :

About Limra Assets

Limra Assets is a Shariah-compliant financing solutions financier that provides loans for property financing, SME businesses loans and gold investment. We offer a range of financing options to help individuals and businesses, including alternative financing for businesses that are unable to obtain funds. Our goal is to provide access to funds for investments in a Shariah-compliant manner that focuses on transparency, customer service, and competitive rates, Limra Assets can be a valuable partner in your gold investment journey.

If you’re interested in learning more about Limra Assets and our Shariah-compliant financing solutions for property purchases, gold purchases or business loans, please contact us for more information.

Disclaimer:

It is important to note that taking out a loans for any purchases and gold investment, whether through Limra Assets or any other lender, carries risks and should be approached with caution. It is important to carefully consider your financial situation and investment goals before taking out a loans, and to ensure that you fully understand the terms and conditions. Additionally, investing in gold carries its own risks and should be done with the guidance of a financial professional. This information and all external links are provided for educational purposes only and should not be considered financial advice.

December 26, 2022
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How to Determine Your Investment Goals and Risk Tolerance When Investing in Gold

By Blog

Investing in gold in Malaysia can be a great way to grow your wealth and achieve your financial goals. However, before you start investing, it’s important to determine your investment goals and risk tolerance. Here are some steps to help you get started:

Set your financial goals:

Think about your long-term financial goals, such as saving for retirement, saving for a down payment on a house, or paying for your child’s college. Find out how much money you will need to reach each objective.

Set a schedule for your investments:

Decide when you will need to get your money back. If you plan to invest for a long time, you might be able to take additional risks in your portfolio.

Check your risk tolerance:

Figure out how much danger you are willing to take. This will depend on your age, income, how long you have to invest, and how your finances are in general. In general, younger investors with more time to invest may be able to take on greater risk than older investors who are closer to retirement.

Think about your investment choices:

Check out alternative ways to invest that fit with your goals and level of comfort with risk. For instance, equities tend to be riskier than bonds, but they may pay off more in the long run.

Talk to a financial advisor.

A financial advisor can help you figure out your investing goals and how much risk you are willing to take. They can also give you personalised investment advice depending on your specific financial circumstances.

If you’re looking to invest in gold in Malaysia, one reputable option to consider is Limra Assets. As a Shariah-compliant money lender, Limra Assets provides financing solutions for gold investments that are in line with Islamic finance principles. Their financing options can help you achieve your investment goals while adhering to your beliefs and values.

Keep in mind that your gold investing goals and risk tolerance can change over time. Because of this, it’s vital to routinely reevaluate your portfolio to make sure it still fits your current goals and financial circumstances.

About Limra Assets

Limra Assets is a Shariah-compliant financing solutions financier that provides loans for property financing, SME businesses loans and gold investment. We offer a range of financing options to help individuals and businesses, including alternative financing for businesses that are unable to obtain funds. Our goal is to provide access to funds for investments in a Shariah-compliant manner that focuses on transparency, customer service, and competitive rates, Limra Assets can be a valuable partner in your gold investment journey.

If you’re interested in learning more about Limra Assets and our Shariah-compliant financing solutions for property purchases, gold purchases or business loans, please contact us for more information.

Disclaimer:

It is important to note that taking out a loans for any purchases and gold investment, whether through Limra Assets or any other lender, carries risks and should be approached with caution. It is important to carefully consider your financial situation and investment goals before taking out a loans, and to ensure that you fully understand the terms and conditions. Additionally, investing in gold carries its own risks and should be done with the guidance of a financial professional. This information and all external links are provided for educational purposes only and should not be considered financial advice.

December 13, 2022
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