If you are looking to start a new company and have decided to invest in Malaysia then you have made a wise decision. Over the past decade or so, the economy of Malaysia has seen a stellar rise . And it is fast becoming one of the most profitable countries to do business in inside Asia.
No matter what kind of business you are planning to do in Malaysia, you need to register your company. Many entrepreneurs looking to start their business often struggle with registration process. As a result, this article will let you easier for registering a company in Malaysia. Any companies register through approval of SSM, Companies Commission of Malaysia
Shareholder and eligibility
|Type of company||Shareholder||Eligible|
|Private Limited Company||1-50|
|Type of company||Share capital|
|Private limited company||2 to 500000 (Ringgit)|
|Partnership||Any amount as agreement|
|Sole Proprietorship||Any amount|
|Type of company||Registration duration|
|Private limited company||5 days|
|Public limited||10 days|
|Sole Proprietorship||2 days|
|Type of company||Cost|
|Private limited company||4000|
|Public limited||Contact us|
100% foreign ownership
In Malaysia, there are two types of business categories will recommend to form. The first one is 100% foreign ownership, capital need 500,000. If you are looking to get into the import and export business then you need a paid up capital of RM 1 million. The same digit applies for opening a restaurant or any sort of trading business.
Capital, RM 350K recommended if the business is a joint venture company with a 51% ownership. This is applicable for the Malaysian partner. There is no more authorized capital as amendment.
All companies, whether local or foreign ownership company registration done by SSM. Over there, the first step of registering a company is Propose “Name Approve”. You need to adhere the rules of naming for your company. They cannot contain any of the restricted words as provided by the CCM. Final company name should end with the term “Sdn Bhd”.
Why name is Sdn Bhd
Sdn and Bhd are Malayan terms called private limited. For instance, name should be ABC SDN BHD in replace of ABC LIMITED. Once registration complete, a number will put as identity. That is your official document, correspondences as well as your business card. All the forms and instructions of the CCM are in English language for global investors.
Once you have cleared out the naming rights you will need to prepare documents to submit SSM. The first thing you need to provide is the names of all your shareholders and details. According to the Company Act of 1965, at least 1 share holder need to form a company . 2 shareholding company is good for banking and decision making.
Particulars of company
|Proposed company name||CONSULTING FIRM ASIA SDN. BHD|
|Lodging reference no.||ACN031020181316402|
|Company type||Limited by Shares|
|Sub Type||SDN. BHD.|
|General Nature of business||As Code|
|Registered Address||A-13-03, Tropicana Avenue, PJU3, Malaysia|
|secretary at sfconsultingbd dot com|
|Business Address||A-13-03, Tropicana Avenue, PJU3, Malaysia|
Particulars of directors
|Director name||Mr. Smith Michal|
|Address||BLOCK E, CASA TROPICANA, PJU3, MALAYSIA|
|Date of birth||09/06/1985|
|info at sfconsultingbd dot com|
|Address||A-13-03, Tropicana Avenue, PJU3, Malaysia|
|secretary at sfconsultingbd dot com|
3-5 days. If propose name reject will take longer.
1 shareholder at least.
Signboard, Premise, Export, Import, Halal, Environment as need.
Yes can, foreigner can hold full shares of own company.
Not necessary. You can register staying overseas.
Sendirian Berhad (Malay) , English meaning Private Limited.
No, can not. Only Sdn Bhd company can register.
Address: A-13-03, Tropicana Avenue, Petaling Jaya, Malaysia, Contact: info at sfconsultingbd dot com, number: +6011 36 90 18 90 (available WhatsApp)