Company Incorporation In Malaysia
Looking to Incorporate a company in Malaysia?
Expanding your business to Malaysia is seamless with our comprehensive incorporation services. Our team of professionals is well-versed in the country’s regulatory framework and business environment, ensuring your company is registered efficiently and in full compliance with local laws. From obtaining the necessary approvals to setting up a corporate bank account, we provide end-to-end solutions to help your business thrive in Malaysia’s dynamic market.
Why Incorporate a Company in Malaysia?
Incorporating a company in Malaysia offers numerous advantages for entrepreneurs and businesses. Here are some key reasons to consider:
1. Strategic Location
Malaysia is strategically situated in Southeast Asia, serving as a gateway to the ASEAN market. This prime location provides easy access to key regional markets and trade routes.
2. Business-Friendly Environment
Malaysia fosters a favorable business climate, offering various incentives for investors, including tax breaks and support for new ventures.
3. Stable Economy
With a stable and growing economy, Malaysia provides a conducive environment for business operations and investments.
4. Legal Protection
Incorporating a company offers legal protection for personal assets, as the company is considered a separate legal entity from its owners.
5. Access to Financing
Incorporated companies often find it easier to access financing and investment opportunities compared to unincorporated entities.
Types of Companies You Can Register in Malaysia
In Malaysia, the most common types of companies you can register are:
1. Private Limited Company (Sdn. Bhd.)
- Description: Limits the liability of shareholders to the amount unpaid on their shares. This is the most popular choice for small to medium-sized businesses.
- Requirements: At least one director and one shareholder, both residents of Malaysia. Minimum capital requirement is generally low.
2. Public Limited Company (Berhad)
- Description: Can offer shares to the public, suitable for larger businesses aiming to raise capital from public investors.
- Requirements: At least two directors and two shareholders, both residents of Malaysia. Higher level of regulatory compliance is required.
3. Limited Liability Partnership (LLP)
- Description: Combines benefits of a partnership and a company, offering limited liability to partners while maintaining management flexibility.
- Requirements: At least two partners (individuals or companies), and a registered office in Malaysia.
Checklist for Company Incorporation
1. Proposed Company Name(s)
- Think of multiple unique names to ensure your first choice complies with SSM guidelines.
2. Business Details
- Up to three MSIC codes.
- A long-form business description (up to 200 words).
3. Business Address
Provide a Malaysian address where the business will operate. If you don’t have premises yet, you can use your residential address temporarily.
4. Local Resident / Nominee Director
- At least one director must reside in Malaysia (can be a foreigner with a valid employment pass).
- Required information for each director:
– Full name
– Malaysian residential address
– Phone number
– Email address
– Scanned copy of MyKad / Passport
– Proof of residential address (for foreigners)
5. Shareholder Details
- At least one shareholder (can be a corporate body or foreigner)
- Required information for each shareholder:
– Full name
– Residential address
– Phone number
– Email address
– Scanned copy of MyKad / Passport
– Proof of residential address (for foreigners)
– For corporate bodies: company profile and authorized representative’s documents
6. Share Structure Details
- Paid-up share capital (standard practice is RM100)
- Share price (standard practice is RM1/share)
- Number of shares to be issued (typically 100 shares for RM100 capital)
- Number of shareholders and their shareholding proportions
7. Appoint a Company Secretary
- Under Malaysia’s Company Act 2016, all Sdn Bhd companies must appoint a Company Secretary within 30 days of incorporation.
- Duties include advising the Director on statutory compliance and handling mandatory submissions to SSM.
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