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:
Step one | 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) |
Step eight | Now apply for employment visa and hire foreign staffs. |
Required investment capital
Proprietorship | 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
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Main reasons
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
Summary:
Director | 1 (one) |
Nominee | Optional |
Company structure | SDN BHD (Private limited) |
Paid up capital | RM 3000 to 1 million as need |
Contact | Good consultant |
Problems:
Opening a company in Malaysia is not an issue but running