IMPACT – MEDIUM
What is the change? Companies are reminded that beginning Aug. 1 they will be required to update information in their ESD accounts using the new update function in the ESD portal.
What does the change mean? Companies that fail to keep company information updated may face consequences, including the possibility of having their employment pass and professional visit pass applications put on hold.
Background: Malaysia’s Expatriate Services Division launched an SSM (Companies Commission of Malaysia) e-info update function in the ESD portal in April. Authorities said at the time that companies would be required to update their information beginning Aug. 1 and on an annual basis thereafter. The purpose of the annual updating requirement is to ensure that authorities are making decisions on employment pass applications based on the most recent company information.
BAL Analysis: Companies should take note of the change and prepare to update the information in their ESD account. Companies should also 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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