It is easy for foreigners, locals to open a Sdn Bhd company, register a foreign company & full process of company formation in Malaysia. There are some benefits of registration a company in Malaysia for foreigners.
Latest information of company formation
Non-resident director & a Malaysian shall take a quick note from a consultant starting a company formation process. As other relevant licensing cost, time & requirement should be clear to begin the steps.
We are considering company formation is including a limited, partnership, proprietorship company incorporation. Representative of the company shall apply for other business license to begin a business lawfully in Malaysia.
Information of other relevant cost of company registration in Malaysia.
Sdn Bhd Malaysia Company Registration is flexible to operate, maintain as foreigner & local director. There are some advantages in sole proprietorship company formation only eligible for local person.
Limited Liability is Sdn Bhd in Malay language is the best choice for foreigners as others are not eligible. Limited company formation in Malaysia is one option for service, manufacture, trade & export import business to start-up.
To complete a company formation takes 1-2 days if no issue is available from SSM officer & no name get rejection. 2nd name should replace if first one is not available, paying of Ringgit 50.
Steps of limited registration company in Malaysia are as follows:
Registering foreign company in Malaysia it is a requirement of 1 director he/ she will hold shares of own company. There is not a requirement to hire/ appoint a local director to open Sdn Bhd company (terms & conditions apply).
Branch office of parent company formation in Malaysia is not a comfortable method as practical beneficial perspectives. Anyway foreigners can register foreign branch office in Malaysia through SSM & MIDA.
Foreigner can open Sdn Bhd company by investment capital amounting RM 1 (one). In terms of retail business it is a requirement of equity investment in the company RM 1 million (T&C apply).
How long require to complete a company formation?
To complete company incorporation takes 2-3 working days. Name registration takes 1 day if it is available. To complete a company formation in Malaysia needs 2 days unless any other relevant licensing is required.
What are other cost after company formation?
There are some other fees must consider after company formation 1. Submission of annual return to SSM 2. Prepare management accounts & audit 3. Filing income tax to LHDN 4. Renew business licenses. Total average yearly cost is amounting RM4000-5000.
How many director are required?
As law, one director (who is holding shares of the company) is required in a Sdn Bhd company.
Do I need local director as partner?
No, it is not compulsory of local shareholder to register company in Malaysia. Company formation is possible when foreign shareholder hold 100% of shares of company.
How much paid up capital is required to form a trading company?
Well, to form a trading company in Malaysia Ringgit 2000-3000 paid up capital is ok unless apply for ESD registration.
How much paid-up capital is required for export import company formation?
We recommend to keep paid up capital of the company RM 2000-5000 for completion of formation a company in Malaysia.