Forhad Hossain

Md Forhad Hossain
(BA-Hons, MBA, LL.B, LL.M)
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Forhad Hossain

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To establish a new business in Malaysia as a foreigner must register a sdn bhd company. After then, open a bank account either in local or foreign bank as bank policy and avalability. There are no other business licenses needed other than incorrporation a company subject to business natures. Signboard or trade license, export license and Vat licenses are not required also to commence a new business. 

Required information and docuemnts of the director

  1. Passport copy (IC for Malaysian)
  2. Email and a contact number 
  3. Business activities and proposed business names
  4. Malaysian residence address

Number of shareholder

At least one shareholder is needed to form a new company and the said shareholder will be the director by law also. But, a local Malaysian sponsor, nominated director is requirred for opening bank account as banking policy, unless non-resident director hold working permission visa in Malaysia. 

Processing time

Usually incorporation process is completed by 5 working days unless server of registrar office is shut down or interrupted. 

Costing of incorporation 

Cost for Setting up a business permission (package) in Ringgit 3000 inclusive the following:

  1. Incorporation service 
  2. Business address
  3. Company Secretarial 
  4. Documents preparation for opening bank account 

Additional cost of sponsor or nominated director

This amount is not fixed as it base on advisory companies and their policies. However, usually service charge range between 3500 to 5000 annualy. And, security deposit money might require in additionn subject to conditions of the advisory comapnies. Some times, foreign investors are required to ensure secirity deposit 4000-6000, one time refundable condition. 

Total expected fee of registration 

  1. Rnggit 3000 (Incorporation package)
  2. Ringgit 7500 to 11000 (Nominated director) 

Required paid up capital 

It is recommended to keep capital amounting Ringgit 4000 maximum initially. Later, investors can increase it as much as need by depositing said amount in bank. Capital Ringgit 500,000 is required only if the foreign director is interested to apply for working permit.  

Bank account

Either foriegn director shall have work permit or a Malaysian nominated director to be eligible of bank account opening application as bank policy in Malaysia. For information, it's much complicated and hard process of opening bank account in foreign banks and in a word, it's almost impossible. 

Q & A

Q: Is it a requirement to get work permit or investor visa to commence a business?

A: No, it's not compulsory at all. Any tourist can open a company and run the business hiring local Malaysian employee. 

Q: How can I apply for working permit or investor or professional visa after registaring a business?

A: Contact us for a free advisory +601151177141 (WhatsApp available)

Q: Which visa is issued after incorporating a sdn bhd company?

A: No visa or working or residence permit is given after forming a company unless follow guidelines. 

Contact us for business advisory

Mr. Forhad Hossain Or, Ms. Sadia 

Sfm Consulting Firm sdn Bhd (Since 2016)

Reg: No. 1179732-P

H/L: +601151177141 (WhatsApp available) , Landline: +60348101953

Office hour and days: Monday to Friday (10 am to 6 pm)

400+ foriegn ownership companies have been incorporated till June 2024

 

 

Article Reviewed By

Md Forhad Hossain

(BA-Hons, MBA, LL.B, LL.M)

Meet Md. Forhad Hossain – is an expert in company registration with over 14 years of experience. He has helped more than 400 businesses in Malaysia and over 7,000 clients from around the world start their journey successfully.

Forhad is passionate about making business registration simple and stress-free. His knowledge and dedication have earned him the trust of entrepreneurs worldwide.

If you’re looking for someone to guide you, Md. Forhad Hossain is the name you can Rely on.

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