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Malaysia Company Incorporation

  • private company in Malaysia

Our discussion agendas are Malaysia company incorporation and fees:

  1. Process of LLC incorporation
  2. Fees of incorporation
  3. Advantage and disadvantages of incorporation

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:

  • Reserve good name of your company
  • Signature on papers as given by Secretary
  • Provide passport, present, and permanent address and contact
  • Take virtual office service at FREE for 1 year
  • Now the secretary/ assistant secretary will prepare papers
  • Documents, Moa, forms of SSM will be filled up by the secretary
  • Make an initial payment or 50 percent in advance
  • You have to wait 2 days to listen result if no heavy traffic
  • Secretary will let you know feedback of SSM
  • Let the secretary buy super form after company incorporation.
  • Contact bank through S & F Consulting Firm

Contents

  • 1 Post Malaysia company incorporation
    • 1.1 Advantage of Malaysia company incorporation
    • 1.2 Disadvantages of Malaysia company incorporation
      • 1.2.1 Malaysia company incorporation as foreigner

Post Malaysia company incorporation

  • Open bank account
  • Pay EPF and SOCSO
  • Pay company tax
  • Submit an annual return as law whether investor does business or not.
  • Prepare accounts and audit report
  • Renew signboard and all licenses

Incorporation Fees

ParticularsGovernment corporationFees (Ringgit)
Name reservationSSM50
Company IncorporationSSM1010
Bank AccountOCBC, UOB, Standard CharteredNil
Professional FeesS & F Consulting Firm3000
Signboard and PremiseDBKL, MBPJ3000
EPF and SOCSOKWSP, PERKESO2000
Other licensesMIDA, Export, WRTContact Us

Advantage of Malaysia company incorporation

Advantages of Malaysia company incorporation are follows:

  • International banking facilities
  • Online banking kit
  • Unlimited remittance comes in and out
  • The labor cost in Malaysia is less costly than Singapore.
  • Large country
  • Wonderful road and highway
  • The tax rate is tolerable
  • Labuan company get tax free and fixed tax at 3%
  • Smooth import and export goods through ports
  • Good business if target customers are a tourist
  • An eligible person can apply for second home program
  • Foreign staffs can hire under own company if allow by ESD
  • No need local nominee and share holders
  • The virtual address is OK to do business
  • Living cost is cheap
  • Car, vehicle, and transport cost are cheap

Disadvantages of Malaysia company incorporation

  • Immigration people are not friendly
  • Administration guys are not very honest
  • Takes a long time to approve or reject a visa application
  • Visa approval rate is higher considering nationality
  • Local employees are lazy and take opportunities
  • Except for Chinese, all others are not well enough for sales
  • It’s not easier to hire the right person
  • Local banks are not friendly for foreigners
  • No one banks provide international bank card for foreigners
  • Education is costly except government school
  • Chinese people are very commercial
  • As own culture’s food shops are not available always.
  • Visa renewal is not easier

Malaysia company incorporation as foreigner

  • Incorporate company in Malaysia
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.

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Md Forhad Hossain
Managing Director
(BA-Hons, MBA, LL.B, LL.M)
Feel free to contact me for any service related issue

Whatsapp Skype Email

Customer Service-International Desk
+601151177141

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+94768763333

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Company Registration

  • Company registration in Malaysia-Services, Fees, Process
  • Company registration fees in Malaysia @ RM 800, 1000 (wrong info)
  • How to open a company in Malaysia-SDN BHD requirement
  • How to register a company in Malaysia as foreigner
  • How to open bank account in Malaysia
  • Company formation Malaysia documentary

Income Tax

  • Income Tax Filing Malaysia-efiling, return, rate

Small Business Ideas

  • Small business ideas in Malaysia
  • Business plan in Malaysia

How to start a business

  • Business license Malaysia (incorporation, sign board, import, socso, halal)
  • Advantage of setting up business as local and foreign investors
  • Wholesale retail trade WRT license in Malaysia
  • The sales and service tax (SST) in Malaysia
  • Malaysia Company Incorporation

Accounting and Audit

  • Accounting services in Malaysia-st RM 800, 1000 fees

Virtual Office

  • Virtual office in Malaysia-KL, Selangor, Petaling Jaya at low cost

Others

  • Nominee Director Service Malaysia-RM 2000
  • Problems of starting business in Malaysia as foreigner
  • Problems to live in Malaysia
  • Visa in Malaysia

Contact Information

A-03-13 Tropicana Avenue, No 12 Persiaran Tropicana, 47410 Petaling Jaya, Selangor, Malaysia

[email protected]

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47410 Petaling Jaya, Selangor, Malaysia

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