Hi,
I work with an MSC status company ( we got this status 12 yrs ago). Do we need to maintain any minimum ratio in terms of number of local and foreign employees? What I mean is that can we have 100% locals or 100% foreign employees in our Malaysian branch office? Btw we are 100% foreign owned company. Any advice is appreciated
Rgds
Shanker
Foreign and Local Knowledge workers ratio
Shankersingh
28 July 2014 09:08:38
2
Gravitas
28 July 2014 09:39:17
9040
As far as I am aware, the number of posts for foreigners in an MSC company is related to its paid-up capital and the ratio of foreign to Malaysian employees.
Shankersingh
28 July 2014 09:45:19
2
Thanks for your reply Gravitas. But as per Bill Of Guarantee of MSC, MSC status companies can hire unrestricted number of local and Foreign knowledge workers. Paid up capital is not an issue as we are an MNC and paid up capital is 5 million. My query is if we need to maintain any ratio, and if yes, then what is the ratio.
jyotiran
28 July 2014 11:15:42
10
Based on benefits and relaxation getting from Malaysian government , if your company is enjoying relaxation, need to maintain the ratio . This guidelines are not fixed , it varies depend upon what are benefits getting .
Subscribe to this topic
Articles to help you in your expat project in Kuala Lumpur
Setting up a business in Malaysia
As the commercial and financial center of Southeast Asia, Malaysia attracts foreign investors from all over the ...
Working in Malaysia
If you want to work in Malaysia, it is important to know the labor market and the conditions related to employment ...
Finding work in Johor Baharu
Johor Bahru, Malaysia's second-largest city, is located in a strategic region that confers rapid development ...
Finding work in Ipoh
Ipoh is the capital of the state of Perak and is often considered a quiet, medium-sized city that offers fewer ...
Finding work in Subang Jaya
Subang Jaya is located in the district of Petaling in the state of Selangor, 20 minutes from downtown Kuala ...
Finding work in Klang
Klang, also called Kelang, is a bustling port town located on the Klang River in the Selangor State. It is found ...
Open a bank account that suits you
Discover the best international banks to manage your money securely.
"