You’ve found the correct place if you’ve ever considered launching a company in the vibrant and active heart of Southeast Asia. Think of your business as a seedling, and registration to be the planting of that seedling on good, prosperous soil.
This step-by-step guide will explain in plain English how to register a company in Malaysia. Easily get your business up and going with these straightforward instructions, helpful pointers, and answers to frequently asked questions.
There are various kinds of businesses in Malaysia, much like there are numerous cat breeds. The key is to choose the one that works best for you! Choosing a legal structure for the firm is the first stage in the incorporation process. The three most common are:
Your company type determines your liabilities, tax entitlement, tax responsibilities, and operational independence, so choose wisely!
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This is like putting together a puzzle, with each piece getting you closer to owning your business.
“A company with another name just may not hit.”
You can fulfil your application at the SSM Head Office counter or Online. It usually starts with your desired company name search, and it will suggest similar names available if the one you look for is taken or invalid.
Speaking from experience: Remember to think ahead, don’t stick to just one name, and try a set of combinations.
You have a chance to resubmit online for incomplete documents. That’s fine, but do your due diligence to avoid the second attempt to save you time.
It is simple as it is. In a worst-case scenario, you will end up at the SSM office, asking for assistance from their attending staff. Guiding you on what to do with the registration step by the public computers.
But if you are tech-savvy to navigate the digital side. Just use Ezbiz SSM Malaysia, here’s a summary for EZBIZ.
If you are occupied with company setup or need someone to do it for you. Accounting.my now offer free company setup consultation, complimentary advice on your current business industry and recommendation!
Company Registration Service for Small and Medium Enterprises (SMEs) is a thing. You can take this routine to any accounting firm in KL, Malaysia to reduce your workload.
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To register a company in Malaysia, you need to meet the following requirements:
1. One director must be at least 18 years old and a Malaysia resident. This director must not be bankrupt and must not have any criminal records.
2. A minimum of one stakeholder is required for operation.
3. Within the first 30 days after a company is formed, a secretary must be selected and appointed. The secretary of the firm must belong to one of the approved professional organizations or hold an appropriate license from the SSM.
4. Within 14 days of forming a company in Malaysia, a registered office must be established onsite and ready for business.
5. The SSM has to approve the company’s chosen name.
There are several types of companies that can be registered in Malaysia, including:
The cost of registering a company in Malaysia can vary depending on the type of company. As of last 24 months records, the registration fee for a Sdn Bhd with SSM is RM1,000. Other fees may include the company secretary’s fees, stamp duty, and potential professional fees if you hire an agent to assist with the registration.
A corporation in Malaysia can be registered by a foreigner. In fact, most business sectors welcome foreign investment. A foreigner does not need to physically be present in Malaysia in order to form a private limited company (Sdn Bhd). The director must be at least 18 years old and have never been bankrupt or convicted of a felony during the prior five years to qualify for the position.
The Companies Commission of Malaysia, also known as Suruhanjaya Syarikat Malaysia (SSM), is a statutory body that regulates company and business registration in Malaysia. The SSM is responsible for ensuring compliance with business registration and corporate governance laws. Its roles include storing and managing all data of business entities, ensuring compliance, and corporate surveillance, as well as providing company and business information to the public.