CORPORATE SERVICES IN MALAYSIA

Kensington Trust Group (KTG) opened its office in Malaysia in 2013. In the same year it formed a strategic alliance with JTC, which was further strengthened the following year with JTC’s investment.

This alliance creates a global offering of trust, fiduciary, corporate and fund administration services to what is now the collective JTC Kensington client base.

On 28 August 2014 Kensington Trust Malaysia was registered as a trust company to conduct trust business, offering specialised jurisdiction-specific fiduciary solutions.

FORMATION / REGISTRATION

A range of options are available depending on your needs:

  • Private and public company
  • Foreign company registration
  • Representative office / regional office in Malaysia

 

PROVISION OF REGISTERED OFFICE AND CORRESPONDENCE ADDRESS

It is a legal obligation for every Malaysia entity to maintain a registered address in Malaysia to which all communications and notices may be addressed. All correspondence received is treated confidentially and is promptly forwarded onto the client.

 

COMPANY SECRETARY

It is mandatory for Malaysia entities to appoint a secretary who is a citizen or permanent resident of Malaysia, and who shall ordinarily reside in Malaysia by having a principal place of residence in Malaysia, and is a member of an approved body or licenced by the Registrar of Companies in Malaysia.

 

CORPORATE SECRETARIAL

We are engaged by our clients to provide corporate secretarial and administration services in relation to a broad range of structures which include investment holding vehicles, joint ventures and entities established for corporate acquisitions and disposals. We also assist clients with corporate governance and board and executive solutions, corporate turnarounds, restructuring and insolvency.

This service includes preparation of minutes and resolutions, maintenance of statutory records and registers, attendance of meetings, searches and any other administration matters.

 

BOOKKEEPING AND ACCOUNTING

It is mandatory for Malaysia entities to maintain proper accounting records. Depending on your needs, this service may include bookkeeping, consolidation, bank reconciliation, cash flow statement/analysis, financial statements and various reporting.

 

PAYROLL SERVICES

Our payroll outsourcing services help businesses to keep up with local legislation and ensure confidentiality.

Our comprehensive payroll services include:

  • Maintenance of employee payroll database
  • Registering employers and employees with the relevant authorities in Malaysia
  • Input of monthly employee payroll data, increments, bonuses and allowances
  • Preparation of payslips and arrange to disburse funds to individual employees’ accounts
  • Arrange for payment and periodic statutory returns submission
  • Preparation of payroll statutory compliance services such as annual tax forms for employers and employees’ annual tax filing

 

ESCROW SERVICES

As an independent escrow agent, we are able to mitigate risk and deliver a complete range of escrow services. Our team is experienced in delivering flexible solutions for a wide range of transactions and will ensure negotiations close quickly, accurately and securely. We have the expertise to administer various types of escrow agreements whilst ensuring these agreements are seamlessly coordinated in conjunction with our other services.

 

CUSTODIAN SERVICES

Our custodian services cover both custodian account and securities. As a non-bank custodian, we are flexible by partnering with service providers of your choice such as administrators, trustees, banks, etc.

 

WHAT MAKES US DIFFERENT?

We value shared ownership. We operate around the principle that if our people have a stake in the business, they will do a better job for our clients.

We value relationships. We aim to work with clients who share our belief in the importance of building strong relationships over time.

We invest in our people. Over 70% of our employees hold a relevant professional qualification or are working towards this through our dedicated JTC Academy.

We embrace technology. Our market-leading systems and operating platform are robust, powerful and flexible.