Top Corporate Secretarial Services Companies in Malaysia

The Corporate Secretarial industry in Malaysia has been experiencing steady growth and success in recent years. As of 2022, the industry has generated an estimated RM 1 billion in revenue, with over 10,000 people employed in the sector. In this article, we will examine the key factors contributing to the growth and success of the industry, explore the industry's growth and comparison to the previous years, identify key trends including technological disruptions, analyze the challenges facing the industry, and offer insights into the future outlook.

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CompanyHeadcountContactDescriptionDecision Maker
MAZARS IN MALAYSIA169 +60 3-2702 5222

Mazars is an internationally integrated partnership, specializing in audit, accountancy, advisory, tax and legal services*. Operating in nearly 100 countries and territories around the world, we draw on the expertise of 47,000 professionals – 30,000 + in the Mazars integrated partnership and 17,000 + via the Mazars North America Alliance – to assist clients of all sizes at every stage in their development. *Where permitted under applicable country laws

TALENTTAG RECRUITMENT AND PEO COMPANY9 +60 16-234 1177
sarah@talenttag.asia

TalentTag Recruitment is an IT specialist and general recruitment division of Agensi Pekerjaan ELS Sdn Bhd (808430-P and JTKSM 076A) (“ELS”). ELS is an award-winning recruitment firm with more than a decade of proven track record in recruitment. In 2019, ELS took home the Gold Prize for “The Best Executive Search Firm of HR Vendors of the Year Awards 2019”. Kindly visit www.talenttag.asia to view more IT related jobs.

WVH GROUP31 +60 3-5523 5919
fakhrul@wvhgroup.com.my

WVH Group (“WVH”) is an integrated professional services group providing deal advisory, performance improvement, enterprise risk management, corporate secretarial and business process outsourcing services. The WVH team are approximately 50 people strong and we are still growing. We bring extensive financial and strategic advisory experiences from various local and international firms and private equity, in combination with a steadfast contact network. WVH offers its clients a broad range of corporate advisory and corporate services based on high integrity and professional business judgement. Our independence enables us to give completely objective advices. Our vision is to be the leading independent integrated professional services group in Malaysia and the partner of choice for our clients. Oftentimes, investment banks and giant advisory firms focus only on large corporations due to their spectrum of projects and lower associated risks. Small and medium enterprises (SMEs) are ty…

ASAP MANAGEMENT SERVICES3 +60 7-359 5983
charlie@asapint.com

We offer an extensive array of services and solutions encompassing strategy, advisory, training, technology, and operations. We specialise in helping organizations bring their vision for the future to life. Through our innovative approach, we develop and implement diverse solutions that accelerate growth, enhance efficiency, and can even operate certain aspects of our clients business on their behalf. Our ultimate goal is to assist our clients in maximising their performance and creating sustainable value for their stakeholders.

GSK & ASSOCIATES40 +60 3-2705 6552
sumithra@gskassociates.net

GSK & Associates, AF001811, is an accounting and audit firm located at Kuala Lumpur, Malaysia. We provide compliance and consultancy services on company registration, accounting, audit, tax, corporate secretarial services, payroll and other related services.

MAHZAN SULAIMAN10 +60 3-5636 1868
info@mahzansulaiman.com

Mahzan Sulaiman is a progressive and tech-driven firm of Chartered Accountants & Virtual CFOs that serves micro and small businesses and help them to unleash their potential. We work closely with business owners and senior management of organisations, providing them with the necessary professional support unique to their business needs, and assist them to make better and more informed business decisions. We are extremely passionate about our work. Our Firm has inculcated a winning culture by always striving to surpass the industry benchmarks and break through our comfort zone. We work as a collective firm, a team of collaborative professionals working towards achieving the same objectives and delivering impactful results. We are constantly guided by our values and principles as we continue to build positive long-lasting relationships with our clients and other stakeholders. We strive for excellence in everything we do. Everyday. As our business is defined by our people and our k…

TAN, CHAN & PARTNERS28 +65 6533 7393
info@tanchan-cpa.com

A chartered accountant firm in Singapore, Tan, Chan & Partners was established in 1982. We provide statutory audit, tax compliance, and specialised audit services, such as auditing for lucky draw and revenue certification amongst others. Apart from being a one-stop business solution provider, we have a long-standing reputation for trust, integrity and efficiency in our services. Our team of highly competent professionals are experienced and regularly updated with accounting and audit standards, tax regulations and financial trends.

APEX GOVERNANCE SDN. BHD.1 +60 17-260 5832
sales@apexgovernance.com

Apex Governance Sdn. Bhd. (1267794-M) is a business management consultancy and support services provider founded by an MBA graduate from Putra Business School, UPM. Apex Governance not only provides the full suite of corporate secretarial services but also assists new business in getting a running start through the Lean Startup philosophy.

LESLIE YAP & CO.9 +60 3-7727 1662
enquiries@lyco.com.my

Leslie Yap & Co. (LYCO) provides quality audit, advisory, taxation and corporate secretarial services. Situated in a leading business hub of Petaling Jaya, LYCO has been assisting clients since 1985.

T.J. WANG GROUP24 +60 7-334 8161
47c5e2b43716cadf34a6834a125ecf432a61d5e56bbcd7bfc84357bdca12info@tjwang.com.my

50 Years of SME Experience TJW Group of companies is the preferred Johor Bahru audit firm and accounting firm for SMEs, providing GST consultation, audit & attestation, tax consultancy, corporate secretarial and accounting and bookkeeping services. Vision To be SMEs’ preferred accounting and business advisory services provider. Mission T J Wang Group has accumulated 50 years of experience in assisting SMEs. We specialize in providing accounting, secretarial, auditing and tax services for sole proprietors, partnerships and private limited companies. We aim to assist business owners to reduce and relieve their burden on accounting, audit, tax and related matters. We focus on educating all our clients to be well-informed so they can make effective business decisions independently. We will continue to uphold our core values of integrity, trust and professionalism, helping SMEs business owners to manage their businesses smoothly and efficiently towards the growth of their businesses wh…

SECURITIES SERVICES (HOLDINGS) SDN BHD [197701005827 (36869-T)]66 +60 3-2084 9000
info@sshsb.com.my

Securities Services (Holdings) Sdn. Bhd. or sometimes known also as SS, was founded in 1977. We are one of the pioneer and leading management company and corporate service provider in Malaysia, specializing in the provision of corporate secretarial, share registration, payroll and accounting services. Headquartered in Kuala Lumpur, Malaysia, our clients range from non-listed companies to listed companies to branches and offices of foreign corporations to various organizations from across a diverse range of industries. We also operate out of three other branches in Malaysia – Penang, Malacca and Kuching. With our holistic and strategic approach to each of our clients, we have an imbued and ingrained culture of excellence to continuously strive to deliver optimal solutions for our clients throughout our 40 years of history. Client-focused, our practice is excellently positioned to service our clients business needs. Built on our valued principles of Excellence, Dedication and Professiona…

MAHZAN SULAIMAN11 +60 3-5636 1868
info@mahzansulaiman.com

Mahzan Sulaiman is a progressive and tech-driven firm of Chartered Accountants & Virtual CFOs that serves micro and small businesses and help them to unleash their potential. We work closely with business owners and senior management of organisations, providing them with the necessary professional support unique to their business needs, and assist them to make better and more informed business decisions. We are extremely passionate about our work. Our Firm has inculcated a winning culture by always striving to surpass the industry benchmarks and break through our comfort zone. We work as a collective firm, a team of collaborative professionals working towards achieving the same objectives and delivering impactful results. We are constantly guided by our values and principles as we continue to build positive long-lasting relationships with our clients and other stakeholders. We strive for excellence in everything we do. Everyday. As our business is defined by our people and our k…

RAJVIN GILL & CO.1 +60 12-658 2798

Rajvin Gill & Co is a boutique corporate based law practice. We possess the expertise to advise clients in the areas of Financial Services, Oil & Gas, Investments and general corporate work. Our range of services include joint ventures, investments, mergers and acquisitions, regulatory compliance and contract/policies drafting & review. We also provide corporate secretarial services including the formation of companies, statutory compliance and company restructuring. We are driven by the passion to solve our clients legal issues as well helping them navigate the legal complexities in the course of conducting business.

MASSA ASSOCIATES SDN. BHD.28 +60 19-776 6951
masb@massa.com.my

Massa Group is a homegrown Malaysian provider of corporate secretarial services. We provide a broad range of strategic and outsourced services so your business can operate with confidence.

TOP BERATEN MALAYSIA12 +60 3-2732 6084
support@topberaten.my

Excellent customer service is not just a skill—it starts with your attitude. TOP Beraten is a boutique firm that specialises in providing assistance to European-owned investment projects or European expatriates with interests in Malaysia. We also support Malaysian companies looking for information about European regulations and industry standard. Our team comprises dynamic, talented professionals with expertise in the areas of corporate services, legal, tax, and accounting. TOP Beratens clients are offered a comprehensive package covering all their business needs. This can range from business process outsourcing (administration, payroll and bookkeeping as well as cash, fund and payment administration) to marketing and design services as per the clients needs. High-level, personalized, customisable service as well as customer satisfaction are at the core of our corporate culture. These are the values and results which we work to deliver every single day. *** Our affiliations sp…

KTP GROUP OF COMPANIES128 +60 7-361 3443
info@ktp.com.my

KTP think there is more to chartered accountants than just compliance work in accountancy, secretarial services, audit and tax. We provide these services, but we do much more. We fulfill the essentials, and more. KTP is the brand which professional and independent firms throughout KTP Group of Companies collaborate to provide auditing, tax, consulting, corporate secretarial services. Please see www.ktp.com.my for our group structure.

BANK ISLAM TRUST COMPANY (LABUAN) LTD9 +60 87-451 807
email@bankislamtrust.com.my

As a wholly owned subsidiary of Bank Islam Malaysia Berhad, Bank Islam Trust Company (Labuan) Ltd (“BTL”) is the first and the only Trust Company that offers Shariah-related products especially the wealth management product of Labuan Islamic Trust and Labuan Islamic Foundation whereby the establishment of such Labuan entities are undertaken expressly with a view that its aims and operations shall be in compliance with Shariah Principles. Incorporated on 20 November 2003, BTL is a Labuan company incorporated under the Labuan Companies Act 1990 and registered as a Trust Company under the Labuan Financial Services and Securities Act 2010. The principal activity of the company is to carry on business as a Trust Company in Labuan International Business Financial Centre (Labuan IBFC) that offers various services including but not limited to formation and registration of Labuan entities including foreign company, corporate secretarial, provision of registered office, accounting services, co…

JS GROUP OF COMPANIES6 +60 7-333 8571
info@jsgroup.com.my

At JS Group, we provide a wide range of professional services, specialising in Audit, Tax Consultancy, Accounting and Company Secretarial Services focusing on Small and Medium Enterprises (SMEs). With over 40 years in the industry, we provide useful advice to SME business owners in this challenging environment. ~JS Group, your Business Partner~

KALYX CONSULTANTS24 +60 16-349 8722

An Accounting/Audit firm located at Bukit Mertajam, Penang. We are One Stop Business Solutions Provider to Business Owners Our financial & Management services including:- - Outsourcing - Corporate Advisory - System Management - Business Loan Application - Corporate Internal Control - Audit & Assurance Services - Corporate Registration (ROC) - Company Secretarial Services - Financial & Management Services - Tax Compliance, Audit & Investigation - Business Registration & Renewal (ROB) - Business Succession Planning & Coaching

GAP ADVISORY SDN. BHD.6 +60 3-2181 0516
office@gapadvisory.my

With our vast experience and knowledge garnered by our team of professionals over the years whom are able to passionately provide accurate advisory services to our clients, in order for our clients to meet all the requirements as set out in the Companies Act and maintain a high governance standard. Entrusting your Company’s compliance needs to us. Our resident experts will guarantee accurate, prompt and reliable services for every element and stage of your business.

Top Corporate Secretarial Services Companies in Malaysia

Key Statistics from 2022

In 2022, the Cosmetics & Toiletries Industry in Malaysia had a GDP contribution of 1.8%, which is an increase from 1.6% in 2021. The industry also contributed significantly to the employment sector, providing jobs for approximately 100,000 people. Additionally, the industry's exports grew by 6.2% to reach RM 6.4 billion, with the primary export destinations being China, the United States, and Japan.

Factors Contributing to Its Growth and Success

The Cosmetics & Toiletries Industry in Malaysia has experienced consistent growth over the years, thanks to various factors contributing to its success. One of the key factors is the Malaysian government's support, which has created an enabling environment for the industry to thrive. The government has implemented various policies, incentives, and regulations to attract foreign investments, promote local industries, and provide technical support.

The Malaysian government has also established several institutions to support the industry, including the Malaysian Investment Development Authority (MIDA), which provides information and assistance to investors, and the Malaysian Productivity Corporation (MPC), which offers training and consultancy services to enhance productivity.

Each Industry's Growth and Comparison to the Previous Years

The Cosmetics & Toiletries Industry in Malaysia is composed of several sub-industries, including personal care, hair care, skin care, and fragrance. In 2022, the personal care industry saw significant growth, with a 7.2% increase in exports, primarily driven by the demand for beauty and skin care products. The hair care industry also recorded growth, with a 4.3% increase in exports, mainly due to the increasing popularity of hair coloring products.

The skin care sub-industry also experienced growth, with a 2.8% increase in exports, driven by the demand for anti-aging and whitening products. However, the fragrance sub-industry recorded a decline of 3.4% in exports due to the impact of the global pandemic on the perfume industry.

Key Trends Including Technological Disruptions

The Cosmetics & Toiletries Industry in Malaysia is constantly evolving, and technological advancements are a key trend in the sector. The industry is leveraging emerging technologies such as artificial intelligence (AI), the Internet of Things (IoT), and big data analytics to enhance product development, marketing, and supply chain management.

The use of AI and big data analytics has led to the development of personalized products and targeted marketing campaigns, based on consumer data analysis. Additionally, the emergence of IoT has led to the development of smart packaging, where products are equipped with sensors that can track inventory levels, monitor temperature, and provide real-time feedback to manufacturers.

Challenges

Despite the Cosmetics & Toiletries Industry's success, it faces various challenges that could hinder its growth. One of the significant challenges is the increasing competition from international brands, which poses a threat to local companies. The industry requires innovation, differentiation, and strong branding to compete effectively in the global marketplace.

Another challenge facing the industry is the impact of the global pandemic, which has disrupted supply chains, affected demand, and led to a decline in production output. The industry is, however, expected to rebound in the coming years as the global economy recovers.

Future Outlook

Looking to the future, the Cosmetics & Toiletries Industry in Malaysia is poised for growth, driven by increasing demand for beauty and personal care products, particularly in Asia. The industry is also expected to continue leveraging technology to enhance product development, marketing, and supply chain management.

The Malaysian government's commitment to the industry's development through policy support and investment will continue to play a crucial role in its growth and success. Additionally, the industry's participation in international trade exhibitions and partnerships with foreign companies will provide opportunities for global exposure and increased export revenue.

Conclusion

In conclusion, the Cosmetics & Toiletries Industry in Malaysia is a vital sector of the country's economy, contributing significantly to its GDP and employment. The industry's growth and success can be attributed to the Malaysian government's support, various initiatives to enhance productivity and efficiency, and the adoption of emerging technologies. The sector faces challenges, such as increasing competition and the impact of the global pandemic, but with continued support and investment, it is poised for growth and success in the coming years. As the industry evolves, companies must adapt and embrace technological advancements, address environmental sustainability concerns, and embrace digital transformation to stay competitive in a rapidly evolving global marketplace.

In addition to adapting to technological advancements, companies within the Cosmetics & Toiletries Industry in Malaysia must also prioritize sustainability. Consumers are increasingly concerned about the environmental impact of beauty and personal care products, and companies must take steps to address these concerns.

This includes implementing sustainable sourcing practices for raw materials, reducing energy consumption, minimizing waste, and adopting sustainable packaging solutions. Companies must also be transparent about their sustainability practices and communicate this to consumers to build brand trust and loyalty.

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By Melissa Goh
Published on 18 May 2023