Malaysia Company
100% foreign equity in most sectors, 17% corporate tax on first RM600k, RM1 minimum capital, 1-day online incorporation, English widely used, strategic ASEAN hub, 7 bilateral & 7 regional FTAs, skilled low-cost workforce.
Registration Requirements
Company Name: The company name must end with "SDN.BHD." or "Sendirian Berhad," cannot be the same as or similar to a registered company name, cannot contain sensitive words, and must be approved by the Companies Commission of Malaysia (SSM).
Registered Capital: The minimum registered capital for a private limited company is RM1, with a recommended registered capital of RM1,000 or more. Shareholders and Directors: At least one shareholder and one director are required. The shareholder and director can be the same person. The shareholder can be an individual or a company, and the director must have a Malaysian address.Scope of Business: The company's main business scope must be clearly defined, as this is related to subsequent registration applications, taxation, and licensing.
Company Secretary: A local company secretary qualified under the Companies Act 2016 must be appointed within 30 days of registration.
Registered Address: The company must have a valid registered address in Malaysia to house all legal documents and books.
Registration Process
Determine your company name: Submit a company name application to the SSM (Social Services and Registration Authority). This process typically takes 1-3 business days. Ensure the name is unique and compliant with regulations.
Prepare registration documents: These include the Articles of Association, Form 9 (Company Registration Application), director and shareholder information, proof of registered address, etc. Identification documents for directors and shareholders are also required, such as passport copies and proof of address. 🌍🏖Submit Registration Application and Payment: Submit all necessary documents and pay the registration fee through the SSM online system MyCoID. Obtain Company Incorporation Certificate: Typically, it takes 3-5 business days after approval.
Open Bank Account: After obtaining the incorporation certificate, the company needs to open a company account at a bank.
Apply for Tax Registration: The company needs to apply for a Tax File Number (TIN) from the Inland Revenue Board of Malaysia (LHDN). 🌹🏠
Cost details
Company Registration Fee: RM5600
- Company Naming Application
- Government Fee
- Initial Capital: RM5000
- Provision of Certified Company Information
Company Registered Secretary: RM2400/Year
Company Registered Address: RM1500/Year💴
Local Legal Representative/Director/Address: RM1800/Year💰💸