In Malaysia, the formalities for establishing a corporation are not very onerous. You can register your firm here even if it is wholly owned by foreigners. In Malaysia, a firm with 100% foreign ownership is known as a Sendirian Berhad company. The Malaysian government has designated a number of specialized industries as being exclusively for foreign ownership.
A foreigner can create a business in Malaysia by combining with a local company or registering with the Malaysian Companies Commission.
The Most Important Factors to Consider When Starting a Business in Malaysia
From the moment your firm is created in Malaysia, the primary goal is to make things easy for you. Malaysia provides new enterprises wishing to expand in the country with a handy all-in-one kit.
Some of the reasons why entrepreneurs choose to start their businesses in Malaysia include:
- The incorporation of a business can be done online.
- The application procedure takes only a few minutes to complete.
- In your company, foreign directors are permitted.
- The minimum number of directors required is just one.
Services Provided for Company Incorporation
The following are the services offered in regard to business formation in Malaysia:
- Private limited company (Sendirian Berhad)
- Sdn. Bhd. corporate secretarial services
- Public limited company (Berhad)
- Foreign company representative office
- Sole proprietorship
- Limited liability partnership
- Corporate bank account opening
- Drafting of the company constitution
- LLP compliance officer services
- Nominee shareholder & director services
- Share-based payments & employee share options (ESOS) advisory
- Foundation (Yayasan)
- Shareholding advisory.
Documents Required for a Malaysian Company Incorporation
To form a corporation in Malaysia, you’ll need the following documents:
- Desired company name
- Goals for the company
- Address of the company that is registered
- Contact information for the board of directors and shareholders
How to Form a Corporation in Malaysia
In Malaysia, starting a business entails the following steps:
- Step 1: We will complete the application form on your behalf.
- Step 2: We will do a name search with the Malaysian Companies Commission on your behalf (SSM)
- Step 3: Sign the documentation when the company name has been approved.
- Step 4: Once your company is ready, SSM will get the documentation.
- Step 5: SSM will issue you a certificate of incorporation, and your business will be up and running.