As procedure of company registration Penang, Malaysia investors, entrepreneurs, traders have to contact adviser. You may know basic information over internet that is not sufficient for your category of business. How many licenses are required to start business in Penang, Malaysia might not clear over reading from online. For your information and knowledge business setup in Penang can be tax free zone (economic zone) or out site of free zone. Being sea port and natural beauty investors like Penang to be invested.
- Private limited company: Yes, you may decide to register private limited company (SDN BHD) from SSM submitting all required documents by online.
- Proprietorship company: It’s not allowed by foreign entrepreneurs to register same.
Other information of Penang: It’s far from Kuala Lumpur and by road might need 4-6 hours although bus is available each after 1 hour from KL. There are many luxuries busses in TBS terminal (KL). However, every day have flight from KLIA 2 to Penang.
How to register a company in Penang?
As process of company registration Penang, Malaysia the following steps are taken:
- Collect director’s information b) Declaration of bank bad report or convicted c) Paid up capital for the business d) how to register a company in Penang as foreigners if business is export and/ or import and what are the papers and licenses for the same?
Actually its same process being territory of Malaysia, 1st of all name approval of your company and apply with supporting papers to SSM by online. As our experience, if business name is approved without any hassle may receive company certified copies within 2-3 days from SSM office, No. 3009 off Lebuh Tenggiri 2, Bangunan KWSP, Bandar Seberang Jaya, 13700 Penang.
Export import business set up Penang
We have noticed why foreign investors prefer Penang for export import business, the main reason to use port and enjoy tax holiday. Its huge number of factories situated in Main Land and few of them are in island. Airport and sea port are near of main city to release goods from customs are easier too.
Penang economic free zone
Do you need lease land for free zone (Penang), contact us? As choice of foreign investors Penang of Malaysia is good place. Pros and cons to enjoy tax holiday in Penang:
- 20 years’ tax free doing business in Panang (on condition)
- Land inside of economic zone to setup factory is NOT available
- Yes, you can lease private land and apply to enjoy tax free service in Penang (Malaysia)
Tourist in Penang: Everyday, huge number of foreign tourist visit in Penang to enjoy beauty of city and heritage area (declared by UNISCO). Naturally Pepang is very beautiful being sight seeing sea and hill together.
Banks in Penang: You may get almost all foreign and local banks in the island (Standard Chartered Bank, HSBC, UOB, Hong Leong, Maybank, RHB, AMBank and so on).
Restaurant and hotel: There is many restaurants near sea (Arabian, British, Indian, Chinese) and residential hotel nearby beach attractive sightseeing.