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Company Registration Fees in Malaysia

Company Registration Fees in Malaysia

As a foreigner, you can register a company or business in Malaysia with 100% foreign ownership. So, to complete the registration process you must choose a specific industry that is dedicated by the government of Malaysia.  These are the following industry in which the Malaysian government encourage foreign investors – Petroleum, Gas, Oil, Education, Banking, Tourism, Ticketing and Agriculture. However, according to the economic needs of Malaysia, this list could be changed. Registering a company in Malaysia is not an easy task. Most foreigners take consultancy service or higher professional to make the work done. The business registration fees are followed-

Contents

  • 1 Company Name Registration Fees
  • 2 Fee for Consultancy Services
  • 3 Company Registration Fees
  • 4 SSM Registration Fees Malaysia
  • 5 Foreign Company Registration Procedure
  • 6 Conclusion

Company Name Registration Fees

Activity Fees in RM
Registration of new business  Trade name -RM 60 /Year Personal Name-RM 30/Year
Business Updates  For each branch-RM/5to20
Business Renewal Trade name -RM 60 /Year Personal Name-RM 30/Year
Business Information 10.06 which includes GST 6%

Fee for Consultancy Services

Fee for Consultancy Services in Malaysia

There are two types of fees charged by the consultants, 1. Professional or consultancy Fees 2. Government fees. The consulting fees may vary from one industry to another. The table below shows consultancy fees for various service within a company-

Cause of Fees Amount of charge in RM
Company Secretary RM 1000-2000 Per Year
Nominee director RM 500-800 Per Year
Use of official address RM 100-400 Per Month
Annual Return Fees RM 300-500 Per Year
Board Meeting Resolution Preparation Fee RM 20- 50 Per meeting
Printing charge RM 10-20 Each time
AGM Papers Preparation RM 150-300 Once
Bank account opening RM 500-1000 Once
Share Holding Changes Fees RM 400-400 Per Changes
Secretary Seal RM 20-50 Per Seal

Company Registration Fees

The new companies Act 2016, you need to pay RM 1000 to SSM for per application for the incorporation of a business. However, under the old companies Act 1996, each application for incorporating a company or business needs to be accompanied with payment as per following-

Shared Capital in RM Fees
Up to-RM 400 000 RM 1,000
RM 400,000 to 500,000 RM 300
RM 500,001 to1 Million RM 5000
RM 1000 001 to 5 Million RM 8000
RM 5,000,001 to 10 Million RM 10,000
RM 10 000 001 to 25 Million RM 20,000
Rm 25 000 001 to 50 Million RM 40,000
RM 50 000 001 to 100 Million Rm 50, 000
Anything above RM 100 Million RM 70,000

SSM Registration Fees Malaysia

Description of services  License  Fees
Company Incorporation ServiceBuying super form from SSM My DataSecretary service 1-year Use of office Address 1 year Bank account opening service       Incorporation       RM 4000
Prepare supporting papers and apply for signboard and premise license Signboard & PremiseRM 2000
Prepare supporting papers and apply for export and import license Export & ImportRM 4000
Prepare supporting documents and apply for WRT license for nonresidentsWRTRM 4000
Prepare supporting papers Apply for Kinder garden school license, Halal License and many moreDagang.netFees vary (Contact us)
Add product and/ or brand name with company name permissionNotificationRM 1000
Prepare supporting papers and apply for Trademark license.Trade MarkRM 5000

Foreign Company Registration Procedure

Business registration for the foreign company in Malaysia is either done by engaging a local company with CCM (Company Commission of Malaysia) or registering the company with SSM. The steps below show the procedure step by step-

  • Application of Name Search: First of all, you need to apply for “Name Search Registration”. This is done to determine the proposed name is available for registration. The proposed name is approved by SSM within 3 months. You need to pay around RM 30 for each name registration.
  • Lodgment of Registration Documents: Necessary document needs to submit to SSM within 3 months for name registration. Name registration will be cancelled if you fail to submit the document within three months. Click here to know more about – Company registration in Malaysia for foreigner

Conclusion

Malaysia is one of the leading economic countries in East South Asia. The GDP of Malaysia is increasing every year, which make this country favorable for business. The government of Malaysia is working on several factors to attract more foreign direct investment. The foreign direct investment helps Malaysia to grow its economy. Also, you may want to know about import and export in Malaysia. So, what are you waiting for? get your business registered in Malaysia as soon as possible. If you face any difficulties feel free to contact us – S&F Consulting Service is always there to help you out.

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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

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Company Registration

  • Company registration in Malaysia for foreigner
  • 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
  • Nominee Director Service Malaysia-RM 2000

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

  • Advantage of setting up business in Malaysia
  • Problems of starting a business in Malaysia

Accounting and Audit

  • Accounting services in Malaysia

Virtual Office

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

Others

  • Apply for business license in Malaysia as foreign investors
  • 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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