IMPACT – MEDIUM
What is the change? Malaysia’s Expatriate Services Division has launched an SSM (Companies Commission of Malaysia) e-info update function in the ESD portal for companies to update their e-info, and beginning Aug. 1 it will be mandatory for companies to update their e-info annually.
What does the change mean? The purpose of the annual updating requirement is to ensure that authorities are making their decisions on employment pass applications based on the most recent company information.
Background: Currently, the MYXpats Centre manages the system manually and the system will notify companies if their information requires updates.
BAL Analysis: Companies should note that the MYXpats Centre may use the e-updates to track companies’ business profiles and that companies should expect additional requests for information or documentation to support their business presence in Malaysia.
This alert has been provided by the BAL Global Practice group and our network provider located in Malaysia. For additional information, please contact your BAL attorney.
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