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Setting up a company in Malaysia in order to work under LTSVP/Spouse Visa

Setting up a company in Malaysia in order to work under LTSVP/Spouse Visa

Old Nov 14th 2020, 7:01 am
  #16  
dkW
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Default Re: Setting up a company in Malaysia in order to work under LTSVP/Spouse Visa

Yes thats what i have found. Every expat I know in Sarawak who is on LTSVP doesn't technically 'work' for their company - all legal control of the business and investment is in the spouse's name. However for me, the business i want to start is dependent on my qualifications and professional competencies, and so I need to find a company structure that can legitimately acknowledge by role.
Hopefully one day I will be able to afford a guest house, haha
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Old Nov 14th 2020, 7:52 am
  #17  
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Default Re: Setting up a company in Malaysia in order to work under LTSVP/Spouse Visa

OK that's awkward - I might move to Sarawak one day as my wife is from there. But by that time I hope I won't need to work anymore!

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Old Jun 23rd 2021, 9:01 am
  #18  
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Default Re: Setting up a company in Malaysia in order to work under LTSVP/Spouse Visa

Hi Shardy , I am in a similar situation to the one you were in a while ago, i.e. I am the foreign spouse of a Malaysian citizen and am setting up an Sdn. Bhd. so that I can provide consultancy services to an overseas company. I've been advised that the bank will require a copy of my agreement with this overseas company. Can I ask if in your agreement with the overseas company you deal with, your daily tasks/responsibilities (like would be detailed in a regular employment contract) were listed or did it just state "IT Consultancy Services" or something similar? I think you also mentioned that you had an employment contract drawn up between yourself and your Sdn. Bhd. Can I ask if you did this yourself or did a lawyer write up this contract for you?
Thank you in advance for sharing your guidance and wisdom 😊🙏🙏
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Old Jun 24th 2021, 10:26 am
  #19  
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Default Re: Setting up a company in Malaysia in order to work under LTSVP/Spouse Visa

That's interesting Fi30 - I didn't have to provide anything like that for my company HSBC account. However, I did have a contract with my client that detailed some roles/responsibilities but it was originally between myself and the client. I later did a 'novation' as advised by my company secretary to make that contract between the Sdn Bhd and the overseas client.

My own employment contract between myself and my Sdn Bhd was just drawn up by myself with a little input from the company secretary (no lawyer involved!).

Hope that helps.

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Old Jun 24th 2021, 10:42 am
  #20  
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Default Re: Setting up a company in Malaysia in order to work under LTSVP/Spouse Visa

Originally Posted by Shardy View Post
That's interesting Fi30 - I didn't have to provide anything like that for my company HSBC account. However, I did have a contract with my client that detailed some roles/responsibilities but it was originally between myself and the client. I later did a 'novation' as advised by my company secretary to make that contract between the Sdn Bhd and the overseas client.

My own employment contract between myself and my Sdn Bhd was just drawn up by myself with a little input from the company secretary (no lawyer involved!).

Hope that helps.
This is all really useful inforShardy , thank you. I'm trying to open a company account with AmBank and they had advised that, as my account would be receiving payment in a foreign currency, they would ask for documentation to prove it's legit and I'm not money laundering or anything.

It's good to know that you were able to draw up the contract yourself with some Co-Sec guidance. I'll be signing an agreement on behalf of my Sdn. Bhd. with the overseas company.

The extra fun will begin whenever Immigration reopens to see how I can secure an appointment during Covid times.

Thank you very much again for sharing your experience.
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Old Jun 24th 2021, 11:08 am
  #21  
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Default Re: Setting up a company in Malaysia in order to work under LTSVP/Spouse Visa

If you're not already in it then the Facebook group "Foreign Spouses of Malaysian Citizens" can be quite useful to keep informed about relevant info/issues facing us all :-)
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Old Jun 24th 2021, 11:15 am
  #22  
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Default Re: Setting up a company in Malaysia in order to work under LTSVP/Spouse Visa

Originally Posted by Shardy View Post
If you're not already in it then the Facebook group "Foreign Spouses of Malaysian Citizens" can be quite useful to keep informed about relevant info/issues facing us all :-)
I am already a member, thank you. They were really a fountain of knowledge when I was applying for my 1st LTSVP. Definitely recommended for all us foreign spouses :-)
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