Foreign entrepreneurs ask regularly what is the process of opening
Law and rules are changing time to time as same at the beginning 2
“No more fees on authorized capital” “No need 2 shareholders” and some other changes are made.
Steps of opening a company in Malaysia are:
Company Proposed Name Approval (Name should be meaningful)
|Step two||Required documents submission to SSM for company registration Malaysia (Secretary will do it)|
|Step three||Rent office, take picture of furniture, layout plan, fill up form and apply for Sign Board and Premise license|
|Step four||EPF and SOCSO licenses are need as law of country|
|Step five||Export and import license if need and ensure sample copy to be approve|
|Step six||Halal license and WRT if business is relating of soft drink and retail and whole sale|
|Step seven||Submit all required papers to ESD to register business (if have plan of visa application)|
Now apply for employment visa and hire foreign staffs.
Required investment capital
Ringgit 250,000 (if have plan to hire foreign staffs)
|Joint Venture||Ringgit 350,000 minimum where local partner will hold maximum number of shares (if have plan of visa application)|
|100% foreign ownership||Ringgit 500,000 to 1.5 million or above if have plan to apply for visa.|
|100% foreign ownership but without visa application|
Ringgit 3000 to 4000 is OK.
Yes, opening sdn bhd company in Malaysia takes normally 3-5 days if no incident from SSM. Proposed business name is rejected normally being no vacant. So, it’s advised to prepare 3 (three) business name and apply one by one.
SDN BHD Registration cost
In case of new businessmen is suggested to make a good plan and prepare financial forecasting and share them with bankers to feel comfortable about
Bank account rejection is regular practice as lack of pre-planning by the entrepreneurs. It is suggested to know the whole process from good consultant how to open a company in Malaysia as
|Company structure||SDN BHD (Private limited)|
|Paid up capital||RM 3000 to 1 million as need|
Opening a company in Malaysia is not an issue but running