Our discussion agendas are Malaysia company incorporation and fees:
Malaysia, a developing country, is the neighbor country of Singapore and Thailand. Population density free and well education rate. There is a minimum level of jobless record in Malaysia. Foreign investment countries are India, Bangladesh, Singapore, USA, China, Indonesia, Dubai, Germany, Egypt, Morocco, and the UAE.
Procedure of Malaysia Company Incorporation
Speak with company secretary as (CS) will process documents to SSM. You can speak with an expert who is well known about foreign investment law of Malaysia. As the local and foreign investment process is not the same as Company Act 1965. Very few company secretaries will let you meet and discuss. As an assistant of secretary guide of processing company incorporation. Company incorporation time in Malaysia is 5 to 7 days or shorter. As a suggestion, propose 3-4 names to check availability by payment of RM 50 each time. The result will appear in next day if approve or reject showing the valid reason. The necessary process of Malaysia incorporation are as follows:
|Particulars||Government corporation||Fees (Ringgit)|
|Bank Account||OCBC, UOB, Standard Chartered||Nil|
|Professional Fees||S & F Consulting Firm||3000|
|Signboard and Premise||DBKL, MBPJ||3000|
|EPF and SOCSO||KWSP, PERKESO||2000|
|Other licenses||MIDA, Export, WRT||Contact Us|
Advantages of Malaysia company incorporation are follows:
Malaysia company incorporation as foreigner
How many partners need to open LLC?
As amendment of the new law, there is 1 (one) person need for Malaysia Company Incorporation.
Can a foreigner incorporate a company in Malaysia?
Yes, foreigner can incorporate only Sdn Bhd company in Malaysia. As local investors can open proprietorship company. Local investors can show capital of Ringgit 1 whereas foreigner can do same. But if foreigner start retail business and intention of visa application will show capital of RM 500000. Whereas local investors can hire foreign staffs if capital is Ringgit 350000. Foreigner cannot open bank account with local banks. Investment capital vary upon nature of business, but all foreigner can incorporate company by RM 2 (two).
What is private company in Malaysia?
Private Limited Company = LLC = Sdn Bhd as Malaysian language. Private Limited Company where limited number of shareholders and shares. As Malaysian Company Act 1965, minimum 1 shareholder need to incorporate a company. Public Limited Company is where unlimited shareholders and shares. Public Limited Company is eligible to apply of listing company as stock exchange. Public Limited Company can sell shares of company in market whereas private limited company cannot do. You may want to know also about the company's commission of Malaysia.