- A certain amount of paperwork involved – As mentioned above, there is about 15-20 minutes of administration work required per month, not much more than that of an Umbrella Company.
- Accounts need to be filed every year – You have to file your accounts at Companies House each year, which will be on public record however your accountant will help with this. You will also have to file accounts, company tax and corporation tax calculations with HM Revenue and Customs every year, but again your accountant will help with this.
- Costly if contracting for a short period of time – Can be costly if you have a short term contract (anything less than a couple of months but it does depend on your daily contract amount) then decide to go back to permanent employment as you will still be required to submit end of year accounts.
We also provide other services such as Immigration Malaysia, Malaysia My Second Home, Accounting Malaysia, Company Registration Malaysia, Business Registration Malaysia, Payroll in Malaysia. Call us now +603-20789990 or visit our website www.BeyondCorporateGroup.com for more information!