S & F CONSULTING FIRM LIMITED

Company Registration in Malaysia for Foreigner

Company registration in Malaysia for foreigner

Company registration in Malaysia for foreigner is not easier in 2020.

Malaysia is one of the most recommended countries to start a profitable business. A foreigner can register a company with 100% foreign scholarship which is known as Sdn Bhd. If you want to receive a full foreign ownership then the company have to be specific about the industries which is consulted by the government of Malaysia.

Registration Guide for Foreigners

Recommended industries for foreigners to start business in Malaysia

The following industries are supported by the Malaysian government which are encourages for the foreigners to invest business in;

Legal requirements:

Business plan:

Address:

Bank account:

Services of the company:

Foreign ownership company structure:

Proposed name:

Preparation of documents:

Eligibility of shareholder:

Benefits of local shareholder:

Opening a bank account as a foreigner:

It is recommended for foreigners to not open a local bank in Malaysia since the banks are not flexible for foreign shareholders.

Some of the documentations to be gathered by the foreign investors are as follows:

Visa and work permit:

Proprietorship and partnership company:

Company secretary in Malaysia:

Steps of Company Registration in Malaysia in Foreigner

  1. There should be a signature in pre-submission copies where shareholders information is clear and visible
  2. Company name accepted by the SSM
  3. MOA, AOA and other documentary forms which is submitted to SSM
  4. Online payment confirmed to SSM. Secretary can make online payment for themselves
  5. The approval of company registration takes around 1 to 2 days
  6. Super form should be purchase online for My Data SSM as this form needs a bank account to be opened
  7. Every year a company report should be submitted to SSM to keep track on company’s regular basis. This is also included for companies which are yet to start
  8. It takes 2-3 days for the company registration to get approved
  9. Some of the copies which SSM provide are Incorporation and memorandum at free cost

Branch office in Malaysia:

  1. Board meeting resolution from parent company’s shareholder
  2. Remittance of Ringgit 500K to 1000K along with accounts report.
  3. Business profile and certified copies need to submit to examine.
  4. Branch Office open might take 2 weeks’ time if no issue found.

New Company Registration Fee in Malaysia

Category   Consultancy Fee   Type of company
 
  ARM 3000 (Incorporation, 1-year secretary and virtual address)   For small size-service or general trading  
B RM 3000 ( Incorporation, 1-year secretary and virtual address )   For medium size-import export company
C RM 3000 (Incorporation, 1-year secretary and virtual address)   For large size-Manufacture company  

Registration, formation and license fees, cost as follow: –

Description of services   License   Fees  
Company Incorporation, 1-year secretary and virtual address & bank account. Incorporation by SSM   3000-4000  
Prepare supporting papers and apply for signboard and premise license   Signboard & Premise

2000
Prepare supporting papers and apply for export and import license   Export & Import   3000
Prepare supporting documents and apply for WRT license for nonresidents   WRT 3000
Prepare supporting papers and apply for Kinder garden school license   Dagang.net   Negotiable
Add product and/ or brand name with company name permission   Notification   1000
Prepare supporting papers and apply for Trademark license.   Trade Mark   2000-3000

One word answer about company Registration in Malaysia for foreigner


How many shareholders need to form LLC ?

1 (one) can open Sdn Bhd company but we recommend of 2 persons.


How long takes to register Sdn Bhd?

Normally within 4-5 days a company registration are done through SSM.


How much paid up capital need?


350 K for JV and 500 K for fully foreign own company Sdn Bhd company


Do I need to have office in Malaysia?


Yes (Virtual office also allow). The virtual address allows for company registration in Malaysia for foreigners. But physical office rental agreement act as strength of the company.


What about authorized capital?


It is no longer now a day as new law.


How much is the cost of Sdn Bhd company registration?

4000 include incorporation, virtual address and secretary 1 year.


How many other licenses need to start business?


Signboard, premise, EPF, Export, Import, Halal and WRT as nature of business.


Can S & F assist to open bank account?


Yes, we ensure of bank account in foreign banks.


How I will buy shelf company?


Shelf is a ready company but business not run yet. We provide same if you want to buy from us.


Do I need nominee director in Malaysia?


No need actually.


How much cost for nominee director service?


Ringgit 3000 or negotiable as yearly charge.


Can a foreigner register a company in Malaysia?


Yes, can. And foreigner can hold 100 percent shares of company.


Can foreigner open restaurant in Malaysia?


Yes, can. Foreigner can open restaurant in Malaysia. But WRT and Halal licenses are additionally need.


How can I get business visa in Malaysia?


Only ESD registration company can apply of Business Visa.


Can foreign company open bank account in Malaysia?


Yes, can. Expert of S & F can assist to open Business bank account for foreigners in Malaysia.


Is it allowed to register a company without investor visa?


Yes. Allow.


Is 100 present foreign ownership allow in Malaysia?


Yes. Allow. Foreign investors can hold 100 percent ownership.


Local nominee directorship need to register a new company?  


No. As guideline of FDI without local nominee director foreign investor can open company.


Which banks recommended to open corporate account in Malaysia as foreigner?


OCBC Bank & Standard Chartered Bank  


How can I open bank account as foreign shareholding company?


It’s difficult if paid up capital is below of RM 500,000 and hold tourist visa . We recommend the investors to follow our guideline to avoid negative result.


How much should invest for joint venture company?


RM 350,000 instead of RM 500,000 as recommendation

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