Malaysia is solidifying its position as a global investment hub, and the consultancy sector has had to rapidly adapt and evolve in response to the increasing demand from foreign investors and local SMEs alike. The evolution is driven by the aggressive initiatives of Malaysia’s new Prime Minister, who is actively courting foreign investment through extensive travel and international engagement. Despite the government’s open invitation to global businesses, Malaysia has not relaxed its stringent compliance requirements. By acting as a bridge between Malaysian regulatory standards and the expectations of foreign investors, companies like FAM & Associates Group help to close the compliance gap and facilitate smoother market entry.
FAM & Associates Group is an independent secretarial and secretarial-related services provider that leverages cutting-edge technology to enhance business efficiency and provide valuable data-driven insights. The Group employs artificial intelligence, data analytics, and automation to offer tailored solutions for SMEs. “As far as the SMEs are concerned, they have been significantly contributing to the Malaysian income and economy quite a lot here,” says Assoc. Prof. Dato' Dr. Fam Seng Choy, Founder and Senior Advisor at FAM & Associates Group. “We are also offering some of these tailored solutions for SMBs to work together with them towards the goal and elevate to a higher growth," Dr. Fam further adds.
Cultural differences often present another layer of complexity for foreign investors. Malaysia’s diverse cultural fabric, which includes significant Malay, Chinese, and Indian communities, can be both a challenge and an opportunity. FAM & Associates Group’s local expertise allows them to guide foreign clients through these cultural nuances, ensuring smooth integration and operation within the Malaysian business environment. Its ability to mitigate cultural differences and enhance cross-cultural understanding is a testament to its deep-rooted presence and experience in the Malaysian market.
Operational challenges, such as logistics and supply chain optimization, are areas where FAM & Associates Group provide significant value. For manufacturing companies, the Group assists in adapting processes to local conditions, which might include modifying existing systems to align with regional workforce capabilities and regulations. In addition, its talent acquisition and human resources management services ensure that businesses can recruit and retain the right talent, which is essential for maintaining operational efficiency and growth.
Providing professional secretarial services is another critical area in which FAM & Associates Group excel. Understanding and navigating the Malaysian Companies Act 2016 and other local legal requirements is essential for any business operating in Malaysia. The team includes highly experienced professionals who are well-versed in these regulations. Their deep understanding of local laws and proficiency in multiple languages, including Malay, English, and various Chinese dialects, ensure they can provide seamless and effective secretarial services to regional and international clients.
FAM & Associates Group’s corporate structure is designed to offer a comprehensive suite of services under one umbrella
FAM & Associates Group’s corporate structure is designed to offer a comprehensive suite of services under one umbrella. The group includes specialized divisions such as FAM and Associates Consulting (200201034607/602272-X), FCA Business Advisory (201001021754/905524-K), FCA Taxation Services (201401015193/1091280-P), and FCA Business Advisory (LL16842).
The integrated approach allows them to provide a one-stop professional center for company formation and secretarial services to corporate advisory, tax planning, and business strategy development. The holistic offering is particularly advantageous for SMEs, enabling them to streamline their operations and focus on growth while the firm handles the regulatory and strategic complexities.
The Group’s client base is diverse, encompassing industries such as import-export, manufacturing, general trading, and professional services like engineering and architecture. Its tailored solutions cater to each client’s needs, including business formation, compliance, or strategic advisory. Strategic support and services for SMEs are crucial in navigating the complex business environment. The Group emphasizes regulatory compliance, business planning, financial management, and digital transformation. Its expertise in these areas helps businesses align their operations with market realities and achieve sustainable growth. In addition, the focus on technology integration, such as implementing ERP systems, supports digital transformation efforts and enhances operational efficiency.
FAM & Associates Group see significant opportunities to leverage social media for client acquisition and join international professional alliances. These strategies enhance its visibility and expand its reach to new markets. It exemplifies the critical role of local expertise in supporting Malaysia’s growing appeal as an investment destination. Its comprehensive services, technological integration, and cultural acumen make it an invaluable partner for both local SMEs and international investors seeking success in the Malaysian market.
Assoc. Prof. Dato' Dr. Fam Seng Choy, Founder & Senior Advisor, Fam & Associates Group
Assoc. Prof. Dato' Dr. Fam Seng Choy, with 37 years of experience, is a Chartered Management Accountant (CIMA, UK), tax consultant, and licensed cooperative auditor. He is the Group CEO of FAM & Associates Group and the Founder of the Malaysian Association of Certified Bookkeepers and Administrators. Dr. Fam is also an Associate Professor at a university in Austria and serves on the industrial panel of two Malaysian universities.
Datin Ang Chooi Fong, Co-Founder & Senior Executive Director, Fam & Associates Group
Datin Ang is the Co-Founder of FAM & Associates Group. She brought together her vast experience in accounting & finance. She started her career with Malaysia Maybank Discount House and later joined a group of companies involved in property development as Group Finance Manager before she became a co-founder of FAM & Associates Group. She presently oversees the accounting, finance, HR, administration, and customer relationship management at FAM & Associates Group.
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