Tailor-Made Solutions

We are more than just an Accountant, with our expertise in various industries, we tailor-made the right solutions for your business.

Putting Your Puzzle Pieces Together

Businesses change rapidly, with the tools at factory, hands on the deck, you may need another hand from an expert to ensure you achieve the success you deserve.

With ShineWing TY TEOH, your management team is surrounding with 42,000 excellent accountants and advisors covering more than 100 countries to put your puzzle pieces together to emphasize on the specific needs of your business from the start-up, business expansion and eventually, the exit.

Whenever your business takes you, we will be alongside you !

AUDIT AND ASSURANCE

The traditional role of audit has always been to ensure compliances to statutory obligations.

Stakeholders today have regarded auditing more than just meeting statutory obligations. Many users of financial information are demanding greater reliability of both financial and non-financial data specific to their needs.

Our audit process is not only designed to provide relevant, timely and reliable information to the users, but we also see the audit process as an opportunity to add real value to our client’s business operations. This understanding not only brings the clarity to the company financial position, but also provides a sound basis from which to propose value added solutions designed to enhance internal control procedures and business operations.

Our expertise include:

  • Statutory and Regulatory Audit
  • Security Exchange Reporting (Reporting Accountants) on Pro-Forma Accounts and Prospectuses connected with admission to the regulated market.
  • US GAAP and SOX (Sarbanes–Oxley) Reporting
  • International Financial Reporting Standards (IFRSs) Reporting
  • Announcement Review in compliance with Stock Exchange Requirement
  • Agreed-upon Procedures Engagement
  • Limited Review Engagement
  • Compilation of Unaudited Financial Statement in accordance with Applicable Financial Reporting Framework.
Registered Auditors

BPO AND BUSINESS ADVISORY

There have been major changes from the early days of business process that was relatively simpler as compared to today business environment. Today, business success originates from continual improvement be it to improve profits, cashflow, shareholder returns, customer services, etc. History has clearly proven: companies who adapt to change, prosper; those do not, wither.

Our well established and highly competent professionals who are in depth knowledge of rules and regulations ready to serve your need on meeting and compliance all statutory regulation regardless of industry or size of your organisation.

You can now turn to us primarily for your obstacles to success, flesh ideas, projects management and all statutory compliances as our team are possessed decades of real life successful business experiences and in-depth knowledge of rules and regulations to help you to counter them.

Our expertise include:

  • Accounting Services and Functions
  • Budgeting and Financial Forecast
  • Business Process Outsourcing (BPO)
  • Company, Branch, Representative Offices Registration
  • Corporate secretarial & administration services
  • Employment Pass/Visa Application
  • Executive Recruitment and Search
  • Franchising and Trademark Advisory

  • Government Licences Application
  • Grant and Incentive Application
  • Outsourcing CFO Functions
  • Payroll Services and Human Resource Administration
  • Preparation of filing XBRL (Extensible Business Reporting Language)
  • Provision of Nominee Directors Services
  • Provision of Treasury Functions

CAMBODIA ADVISORY

Cambodia offers a vast range of investment incentives in Phnom Penh Special Economic Zone (PPSEZ) to investors and is strategically located in the center of the east-west corridor of the Greater Mekong Sub-region (GMS). The region has a combined population of approximately 330 million brought together from the six countries, Cambodia, China (specifically Yunnan Province and Guangxi Zhuang Autonomous Region), Laos, Myanmar, Thailand, and Vietnam. They entered into a Sub-regional Economic Cooperation Program designed to enhance economic relations among the six countries.

Our office in Cambodia is an extension of our regional office and co-managed by the regional and local Cambodian partners with local professional team. Our Cambodia office is subject to same work quality and methodology as other offices in the region.

We are truly local yet totally regional. With the leverage of our local Cambodia experiences and regional exposures, we instantly source the very best experts and teams to provide as much weight, insight or business credentials, as each client’s project requires.

Our Cambodia offices provide a diverse spectrum of business solutions and consulting services to the corporate client including:

  • Audit and Assurance
  • Business Process Outsourcing (BPO) & Business Advisory
  • Cambodia Advisory
  • China-Cambodia Belt & Road Advisory
  • Financial and Transactions Advisory
  • Migration Services
  • Mineral & Energy Technical Advisory

  • Myanmar Advisory
  • Offshore Advisory
  • Profit Improvement
  • Risk & Governance Advisory
  • Sustainability Advisory
  • Tax & GST Advisory
  • Transfer Pricing
  • Valuation Advisory

CHINA-MALAYSIA
BELT & ROAD DESK

ShineWing China Practice established in the early 1980s with HQ located in Beijing and has expanded across in the major cities of China, including Shenzhen, Chengdu, Shanghai, Xi’an, Tianjin, Qingdao, Changsha, Changchun, Yinchuan, Jinan, Dalian, Kunming, Guangzhou, Fuzhou, Nanjing, Urumqi, Wuhan, Hangzhou, Taiyuan, Chongqing, Nanning and Hefe.

ShineWing China is a registered auditor of public interest entities trade on two China Stock Exchange, the Shanghai Stock Exchange and the Shenzhen Stock Exchange including A-Shares, B-Shares and H-Shares and served more than 240 public listed companies in China including China State-owned enterprises, Fortunate 500 and multi-national corporations.

Today, ShineWing International has been established as a global network of independent accounting and consulting firms, ShineWing member firms communicate and work with one another seamlessly being part of ShineWing network, and with the leverage of our China team’s expertise, experiences, network and geographical presence in China, no matter which part of China you are located, ShineWing TY TEOH helps China set business ventures set up their businesses in Malaysia hassle-free.

Strategic Partner

FINANCIAL AND
TRANSACTIONS ADVISORY

Asia’s dynamic economic growth and the rapid internationalization have led to a major increase in financial and transaction activities.

Our Financial and Transaction Advisory extends our assistances to our clients intending to undertake or in the course of undertaking corporate exercises, to maximize their potential business value, of various forms, including but not limited to, originating and executing transactions such as initial public offering and private capital, selling parts of the businesses, acquiring complementary companies, restructuring the business and seeking strategic alliances, etc.

Our expertise include:

Merger and Acquisitions

  • Management Buy-Outs (MBO) and Management Buy-Ins (MBI)
  • Sales and Divestments

Pre-IPO and IPO

  • International Pre-IPO Planning and Restructuring
  • Pre-IPO Fundraising
  • Secondary Public Offering (SPO), Reverse Turnover Offering (RTO)
  • Global Depository Receipts including TDR, KDR, ADR, etc.

Transaction Services

  • Financial Due Diligence
  • Financial Modelling and Projections

Corporate Finance

  • Private Equity, Debts and Venture Capital Fundraising
  • Project Financing and Debt Restructuring
  • Capital Deduction
  • Joint Ventures and Strategic Alliances

MIGRATION ADVISORY

Malaysia My Second Home (MM2H) Programme is promoted by the Government of Malaysia to allow foreigners who fulfil certain criteria, to stay in Malaysia for as long as possible on a multiple-entry social visit pass. The Social Visit Pass is initially for a period of ten (10) years, and is renewable.

The eligibility is opened to citizens of all countries recognised by Malaysia regardless of race, religion, gender or age. Applicants are allowed to bring their spouses and unmarried children below the age of 21 as dependents and are expected to be financially capable of supporting themselves on this programme in Malaysia.

MYANMAR ADVISORY

The development of Special Economic Zones in Kyaukphyu, Thilawa and Dawei with a vast range of investment incentives to investors and improvements in infrastructure have highest priority by Government in order to promote foreign investments and trade flows, and to establish efficient international supply chains for future economic growth.

Our office in Myanmar is an extension of our regional office and co-managed by the regional and local Myanmar partners with local professional team. Our Myanmar office is subject to same work quality and methodology as other offices in the region.

We are truly local yet totally regional. With the leverage of our local Myanmar experiences and regional exposure, we instantly source the very best experts and teams to provide as much weight, insight or business credentials, as each client’s project requires.

Our Myanmar offices provide a diverse spectrum of business solutions and consulting services to the corporate client including:

  • Audit and Assurance
  • Business Process Outsourcing (BPO) & Business Advisory
  • Cambodia Advisory
  • China-Myanmar Belt & Road Advisory
  • Financial and Transactions Advisory
  • Migration Services, Mineral & Energy Technical Advisory
  • Myanmar Advisory
  • Offshore Advisory
  • Profit Improvement
  • Risk & Governance Advisory
  • Sustainability Advisory
  • Tax & GST Advisory
  • Transfer Pricing
  • Valuation Advisory

OFFSHORE ADVISORY

True to the statement from “Benjamin Franklin (1706-1790) : Nothing is certain in this world but death and taxes” but for second part, taxes may vary.

Today, free-tax offshore shelf has become one of the common investment vehicles to minimum or free from excessive taxation, but for well-off individuals considering offshore investment, tax may not be the driving force behind “offshore” as it is the best way to protect the business and financial privacy from the competitors, illegitimate creditors or any third parties.

For the companies or individuals reside in high-tax region and if they can opt for offshore investment, it is in pursuits of higher returns while paying lesser tax or free-tax and without any intention to evade taxes in their home countries, most importantly, these tax restructuring strategies are completely under the law, thus the investment returns can be legalised in offshore and be repatriated for reinvestment in home countries.

Going offshore may not be suitable for every company and the business models may optimize use of offshore structure:

  • Engage in international trade among two or more countries in foreign market
  • Engage in offshore consulting advisory
  • Purchase of offshore stock, bonds, forex or any kinds of financial instruments
  • Establish an offshore holding company for listing on foreign stock exchange
  • Establish foreign branches, subsidiaries or representative offices
  • Acquire offshore real estate
  • Acquire registered ships or planes aboard
  • Acquire offshore trademark or patent from foreign companies
  • Register offshore trademark or patent for royalty programme or franchising matters

If your business models fall into the above, so why might an onshore investment if it carries lesser advantages as compared to offshore investment?

Our expertise include:

  • Advices on Labuan Company Tax and Operational Structure for special purposes including but not limited to Leasing Scheme for Shipping Companies, Investment Holding Companies, Triangular or Tetragonal Trading Companies, Captive Insurance Companies, Fund Management, Private Wealth Management, Global Incentive For Trading (GIFT), etc.
  • Offshore Companies (including but not limited to Labuan, BVI, Bermuda, Brunei, Cayman Island, etc.) Registration, Winding-up, Striking-off
  • Incorporation of Foreign Companies, Subsidiaries, Branches, Representative Offices in Asia Pacific, Europe, Middle East, Africa, North America, Latin American and Caribbea.
  • Offshore Tax Studies
  • Offshore Structures Studies
  • Offshore Double Tax Treaties Studies
  • Offshore Dividend Studies
  • Offshore Withholding Tax Studies
  • Offshore Asset Protection Studies
  • Offshore Virtual Office Supports
  • Offshore Resident Secretary and Secretarial Services
  • Provision of Offshore Registered Address
  • Provision of Offshore Resident Director
  • Provision of Offshore Nominee Shareholder
  • Private Foundations, Trust and Wills Planning
Registered Auditors

PROFIT IMPROVEMENT

Stay competitive is always the vision of companies. To this end, these involve lots of critical factors that lead the business to success, the product, marketing, customer service and cost management are just a few of many factors that contribute to the profitability of a business.

We assist clients with our unique Profit Improvement Programme. Through the data gathering and analysis, process observations, management discussion and best practice, our team work closely with clients to identify and prioritise areas in return will result in expenses reduced or revenue improved and cash flow improvement. Process inefficiencies always the root cause of employees facing difficulty to complete a task. Usually, process adjustment or realignment can help in operation improvement.

We provide each client with a tailor-made programme to meet client’s expectation and requirement. We have successfully implemented out Profit Improvement Programme for various industries.

RISK AND
GOVERNANCE ADVISORY

Risk Advisory

Business failures and business continuity on-going concern increase significantly in the recent decade.

The Board of Directors have become increasingly conscious of the need of Enterprise Risk Management to manage the wide spectrum of risk across the enterprise. Today, with the dynamic business environment, the risks can be identified, monitored and minimised on an on-going basis with a formal methodology and framework setup in place.

Our expertise include:

  • Co-develop Enterprise Risk Management Framework including the identification and evaluation of key risk profile, and co-develop the action plans to mitigate and manage these identified key risk
  • Review or co-develop risk management policies and procedures

Corporate Governance

With the increase of financial frauds and corporate scandals had raised the eyes bow of the stakeholders and push the regulators to tighten the rules and compliances, the enhancement of corporate governance plays an important role to reassure the stakeholders in nowadays corporate world. We believe a good corporate governance always begins with a proven and structure framework satisfying all stakeholders interest.

We provide corporate governance system, practice and performance assessment.

Our expertise include:

  • Complying with corporate governance requirements.

Internal Audit & Control

The listed companies are required to disclose their internal audit activities in their annual reports. The Code of Corporate Governance has been heavily and yet mandatorily implicated in internal controls and internal audit functions.

We acknowledge the importance of setting up / on-going monitoring the effectiveness of internal control so as to minimise business risks. With our team of experienced and qualified internal auditors, we are able to provide credibility in your management reports, as well as providing professional advice on how to further improve the effectiveness of your internal control.

Our expertise:

  • Co-sourced or outsourced internal audit functions
  • Internal control evaluation and system reviews
  • Setting up internal control.
    Pre-IPO internal control review
  • Special operational review
  • Business process improvement & control enhancement
  • Establishment of in-house internal audit function
  • Standard Operation Procedures (SOPs) review and setup
Team Members’ Credentials

SUSTAINABILITY ADVISORY

Due to growing awareness of sustainability factors in business, investors are increasingly focus more on sustainability performance and how it is translated into social and environmental impacts and how it is improved operating efficiency and natural resource stewardship, and it remains a vital component of shareholder, employee, and stakeholder relations.

We are well-positioned to assist you in developing your Sustainability Report, building the roadmap necessary to make reporting efficient in the future and advising on the latest sustainability trends and developments.

Our expertise includes:

  • Stakeholder Engagement on ESG issues
  • Sustainability Reporting and Disclosure
  • Carbon Audit and Management
  • Sustainability Reporting System Building
  • Employee Management, Supply Chain Improvement and Risk Management related to ESG issues
  • Effective Communication with Institutional Investors on ESG enquiries
  • Report Assurance to enhance the accountability and confidence of ESG reporting
  • ESG Online Data

TAX AND GST ADVISORY

Today tax has become an integral factor in business costing. Almost all business strategies and decision- making are affected by tax rules and regulations and companies always face a daunting task managing their tax requirements.

We offer well-crafted tax solutions and strategies to suit your organisation through identifying appropriate tax structure and tax incentive.

Our expertise in tax policies, up-to-date knowledge on tax issues or case, familiarity with the local practise of tax authorities and its development from time to time will optimise company’s or group’s tax benefits which in turn can significantly benefit your overall business in term of operation, profitability and competitiveness.

Our expertise include:

  • Corporate Income Tax Compliance
  • General Goods and Services Tax (GST) Advisory including but not limited to Company and Group Registration, GST Coding, Reporting, Filing & Appeals, Transfer of Business as a Going Concern (TOGC), Capital Goods, Vouchers, Stamps, Tokens, Employee Benefits, Agents & Auctioneers, Repossessed Goods, Designated Area (DA), etc.
  • Special Goods and Services Tax (GST) Advisory including but not limited to Approved Trader Scheme, Approved Toll Manufacturer Scheme, Approved Jeweller Scheme, Flat Rate Scheme, Warehousing Scheme, Tourist Refund Scheme, Second-Hand Goods Scheme, Cash Accounting Scheme, Discount Sales Price Scheme, Gross Margin Scheme, Import GST Deferment Scheme, Major Exporter Scheme, Approved Contract Manufacturer and Trader Scheme, Approved Import GST Suspension Scheme, Approved Marine Customer Scheme, Approved Marine Fuel Trader Scheme, Approved Refiner and Consolidator Scheme, Approved Third Party Logistics (3PL) Companies Scheme, Specialised Warehouse Scheme, etc.
  • Tax Exemption and Incentive Applications including but not limited to Double Deduction, Industrial Building Allowance, Pioneer Status, Investment Tax Allowances, Reinvestment Allowances, Integrated Investment Allowance, Land Intensification Allowance, Multimedia Super Corridor (MSC), Operational Headquarters (OHQ), International Procurement Centre (IPC), Regional Distribution Centre (RDC), Treasury Management Centre (TMC), Regional Headquarters (RHQ) Award, Regional Headquarters (RHQ) Award, Merger & Acquisitions Scheme, International Growth Scheme (IGS), Market Readiness Assistance (MRA) Grant, Development & Expansion Incentive (DEI), Automation Support Package, Global Trader Programme, Finance & Treasury Centre (FTC), Financial Sector Incentive (FSI), Research Incentive Scheme, Initiatives in New Technology, Approved Royalties Incentive (ARI), Writing-down Allowance for IP acquisition, Maritime Sector Incentive (MSI) for International Shipping, Shipping Related Support Services Award, Maritime Leasing Award and Maritime Innovation & Technology (MINT) Fund, etc.
  • International Tax and Cross-border Tax Planning
  • International Withholding Tax studies
  • Group Relief and Tax Restructuring for Subsidiaries Operating, Funding and Dividend Repatriation.
  • Double Taxation Agreement (DTA) studies
  • Real Property Gain Tax (RPGT) Advisory
  • Indirect Tax Planning including Services Tax, Custom Tax, Import and Excise Duty, etc.
  • Tax Investigation and Tax Field Audit including Pre-tax Field Audit Review
  • Stamp Duty Planning and Stamp Duty Exemption Application
  • Expatriate Tax Advisory
  • Resident or Non-resident Personal Tax Compliance

TRANSFER PRICING ADVISORY

The best-quality transfer pricing advice and service that is always pragmatic and reflects current regulations in each jurisdiction, without losing sight of the technical details and operational impacts.

Our global and regional experience and local country knowledge and senior practitioners fully involvement throughout each project lets us bring real insights to clients, to streamline their processes, reduce TP risk and improve compliance, as well as to identify and implement opportunities for using TP as a tool to optimise tax outcomes.

We provide specialist transfer pricing services to clients through our seamless network of experienced practitioners and selected alliance partners and tailor our services to respond to our clients priorities:

  • Staying ahead of transfer pricing changes and risks – and knowing when to take action;
  • Addressing transfer pricing compliance and issues cost-effectively, with limited resources and budget;
  • Minimising risk, optimising compliance and driving value in their business operations;
  • Responding to multiple transfer pricing audits and investigations with tax authorities in multiple jurisdictions.

Our expertise include:

Transfer Pricing Design

The foundation of any good transfer pricing system is a robust design that takes full account of the commercial and operational framework of the business.

Our approach to design includes the following support:

  • Strategic Coaching
  • Strategic Review to identify Transfer Pricing Risks and Opportunities for improvement
  • Design of Operational Transfer Pricing Policy, Business Processes and Scenario Analysis
  • BEPS Risk Reviews and Compliance Strategy Development
  • Functional Characterisation or Re-characterisation and Analysis
  • Benchmarking Studies and Financial Modeling

Transfer Pricing Documentation

Preparation of transfer pricing documentation is the only way for companies to evidence
their compliance with the relevant transfer pricing rules.

Our approach to documentation includes the following support:

  • Master and Local File Documentation
  • Country-by-Country Reporting
  • Transaction-based Documentation
  • Transfer Pricing Review of Legal Agreements
  • Documentation of Transfer Pricing Policies and assistance with implementation
  • Provision of In-house and ad-hoc Transfer Pricing Support on a retainer basis

Transfer Pricing Defend

The last pillar of our support is defence and may include defining the risk management strategy, supporting local transfer pricing audits, and concluding APAs and MAPs.

Our approach to defend includes the following support:

  • Transfer Pricing risk Assessment and Prudential Risk Reviews
  • Strategic Audit Management
  • Advance Pricing Agreements
  • Mutual Agreement Procedures
  • Arbitration, Mediation and Expert Witness Testimony or Opinion
Strategic Partner

VALUATION ADVISORY

We offers comprehensive business and assets valuation services with the highest level of internationally recognised expertise. We stay on top of the industry by constantly updating ourselves with the latest professional and regulatory standards; proposed and upcoming changes; as well as the adoption of industry best-practices. By utilising our unmatched industry experience, our valuation teams work closely together with the consulting team to keep our clients acquainted with the latest market trend in order to make the best financial decision.

Our expertise include:

Business & Intangible Asset Valuation

  • Feasibility Study
  • Financial Reporting
  • Initial Public Offering (IPO)
  • Intangible Asset
  • Liquidation and Litigation Support
  • Long-lived Asset Impairment Analysis
  • Mergers & Acquisitions
  • Purchase Price Allocation

Financial Instruments and Derivatives Valuation

  • Convertible Bonds / Notes
  • Employee Share Ownership
  • Financial Guarantee Contracts
  • Financial Instrument Fair Value
  • Futures / Forwards
  • Hybrid Share Options
  • Share Appreciation Rights
  • Swaps
  • Preferred / Preference Shares
  • Restricted Shares
  • Real Options
  • Warrants

Contingent Asset and Liability Valuation

  • Pensions (Defined Benefits and Defined Contributions)
  • Goodwill
  • Loyalty Programs (e.g. Frequent flyer program, Credit Card or Hotel rewards program)
  • Share Based Payments and Options
  • Brand names, patents, trademarks
Joint Venture Partner
Team Members’ Credentials