Company Incorporation In Malaysia

Company Incorporation In Malaysia

Look no further than Autocosec! Our streamlined process simplifies the intricacies of company incorporation in Malaysia for foreign entrepreneurs and existing business owners. 

With just a few clicks, fill out our form and select the desired services, be it a company registration service or the incorporation of a company in Malaysia. We’ll handle the rest, delivering your company registration in 3-5 business days. Don’t let the complexities of company incorporation and registration hold you back from pursuing your business goals. 

How to Register a Company in Malaysia

Registering with the Companies Commission of Malaysia is mandatory to operate a business in Malaysia legally. The Suruhanjaya Syarikat Malaysia (SSM) is the government agency responsible for regulating businesses in the country.

The registration process involves selecting one of three categories: Registration of Business (ROB), Registration of Company (ROC), or Limited Liability Partnership (LLP). Each category has different legal requirements, liability implications, and taxation considerations.

Our experienced team at Autocosec offers expert guidance on how to set up a new company in Malaysia and the processes to help businesses select the appropriate business entity. Choosing the correct entity is crucial as it determines the company’s liability, tax obligations, and legal requirements.

How to Set Up Sdn Bhd in Malaysia

Setting up an Sdn Bhd (private limited company) in Malaysia involves several steps. Below is an overview of the process:

  • Choose a unique company name.
  • Prepare required documents: M&A, Form 9, 24, and 49.
  • Submit application with RM1,000 registration fee.
  • Receive Certificate of Incorporation upon approval.
  • Open a business bank account and register for tax with IRBM.
  • Obtain necessary licenses and permits for your business.

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    Requirements to Register a Company

    Here’s a quick checklist of the minimum requirements

    RM1 Paid Up Capital

    Non-Malaysians may need to provide higher amounts depending on circumstances.

    One Shareholder

    Non-Malaysians intending to own businesses in certain industries may need a local shareholder.

    One Director

    Must be at least 18 years old, living in Malaysia, and cannot be a bankrupt of a felony within the past 5 years.

    Director NOT A Bankrupt

    Non-Malaysians without residing in Malaysia must appoint a local nominee director.

    One Company Secretary

    Must be licensed by SSM or be a member of a prescribed professional body.

    Malaysia Registered Address

    Standard practice is to use the Company Secretary office as the registered office.

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    FAQ's

    Frequently asked questions

    You need a resident director/shareholder, a local residential address and a minimum paid-up capital of RM1.00 (though some situations may require more).
    If all submissions are in order, it takes 3-5 business days. Note that missing details, however minor, often lead to delays, which is why it’s important to compile all relevant information before filing documents.
    Yes and no. Incorporation can be done without a business address, but one will be needed later to secure the necessary operating licenses post-incorporation. To save time, incorporate now so that by the time you do have a business address, you’re not starting from square one.
    Yes. Anyone 18 years old and above (local or foreign) can be a director of the company so long as they fulfil the requirements under the Companies Act 2016.
    Directors ensure the soundness of short and long-term business operations, and must at all times exercise care, skill, and diligence in the execution of their powers for the company’s best interests. They must avoid conflicts of interests where they leverage their position to directly or indirectly benefit themselves, their relations or any party other than the company, Learn more here.
    Shareholders are not exposed to personal risks and their liabilities are limited by share ownership. In other words, under normal circumstances, shareholders cannot lose more than the amount they have invested in shares.
    Yes. Shareholders may sell or transfer shares to any party so long the buyer can afford the purchase price and the transaction is compliant with the Company Constitution or Shareholders’ Agreement (if any).