New Company Registration in Malaysia

Malaysia is becoming one of the top destinations in Asia for company registration. Registering your business in Malaysia is the right idea, as it offers ample opportunities to do business. A foreigner can register a corporation in Malaysia with a 100% foreign ownership right following all terms and conditions by the Malaysian government.

What are the advantages of company registration in Malaysia?

These are various advantages:

• Limited liability

• Easy to get a loan

• Low income tax

• Separate legal entity

• 20% tax savings

• Separate entity for perpetuity

• Separate entity for transfer of ownership

• Increased access to equity financing

• Approved schemes

• Deductibility expenses

What kind of structure do you want in the company registration in Malaysia?

First of all, you have to decide the business structure, 

such as:

• Unique property

• Partnership

• Sendirian Berhad (Sdn Bhd)

What are the requirements for company registration in Malaysia?

Here are the requirements:

• A company name

• Business activities

• A registered office in Malaysia

• At least 1 director

• Minimum shareholder 1

• Minimum 1 corporate secretary

• Passport of all directors and shareholders

What is the company registration procedure in Malaysia?

Here is the procedure:

• Name search: A name search will be performed for the availability of the proposed name. To check availability, you must refer to the government bulletin. It also provides instructions for naming the company.

• Submission of incorporation documents: the documents of incorporation of the company must be sent to SSM (Suruhanjaya Syarikat Malaysia). The SSM is the statuary body of the Malaysian government. The works will be submitted within three months.

• Certificate of incorporation: the documents of incorporation will be submitted with the prescribed taxes. SSM issues a certificate of incorporation. Following the merger, the company should acquire the license from the relevant authority.

Conclusion

No doubt, setting up a company in Malaysia is a great idea. First of all, you have to decide the structure of the company and meet the entire regulatory requirement of the Malaysian government.