As a foreigner, you can register a company or business in Malaysia with 100% ownership. Private and public company registration fees in Malaysia discussion will help promoters for clarification. Sdn Bhd company registration fees as package is Ringgit 2500 for certain period. Total annual cost/ fee is Ringgit 4000 to Ringgit 5000 and this cost should bear as directors either dormant or active company.
So, to complete the registration process you must choose a specific industry that is dedicated by the government of Malaysia. . Registering a company in Malaysia is easy and takes 2 to 3 days. Most foreigners take consultancy service or higher professional to make the work done. The business registration fees are as follows:
Contents
Company Name Registration Fees
| Particular | Fees in Ringgit (RM) |
| Registration of new Sdn Bhd company name | 50 one time |
| 2nd proposed company name | 50 for each name registration |
| Sole proprietorship business trade name renewal | 60 per year |
| Sole proprietorship business personal name renewal | 30 per year |
| Business information | 10 |
Fee for Consultancy Services
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 | Figure in Ringgit |
| Company Secretary | 1000-2000 |
| Nominee director | 500-800 Per Year |
| Use of official address | 100-400 Per Month |
| Annual Return Fees | 300-500 |
| Board Meeting Resolution Preparation Fee | 20- 50 Per meeting |
| Printing charge | 10-20 Each time |
| AGM Papers Preparation | 150-300 each time |
| Bank account opening cost | 500-1000 Once |
| Share Holding Changes Fees | 400-400 Per Changes |
| Secretary Seal | 20-50 Per Seal |
Company Registration Fees
The new companies Act 2016, you need to pay fee 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-
| Particulars of the services fee | Fees in Ringgit |
| Company limited by shares | 1000 |
| Company limited by guarantee | 3000 |
| Unlimited company | 1000 |
| Appeal to the minister under section 27 | 300 |
| Change of company name | 100 |
| Lodgement or amendment | 30 |
| Lodgement of annual return (Private limited) | 150 |
| Lodgement of annual return (Public limited) | 500 |
| Lodgement of financial statement and reports (private limited) Audited financial statement Non audited financial statement | 30 20 |
| Lodgement of financial statement and reports (public limited) Audited financial statement | 200 |
| Extension of time to hold AGM | 100 |
| Application to strike off (close) the company | 100 |
| Lodgement of objection to strike off | 300 |
SSM Registration Fees Malaysia
| Description of services | License | Fees Ringgit |
| Company Incorporation, virtual business address, company secretary and Bank account opening service (package) | Incorporation | 2500 |
| Signboard license application fee | Signboard and Premise (MBPJ / DBKL) | 1500- 2000 |
| Application to concern department, appoint forwarding agent and manage license as HS code. | Export and Import | 3000- 4000 |
| Guide to prepare require documents and apply for WRT license for nonresidents | WRT | RM 4000 |
| Guide to prepare supporting documents and apply for license (Kinder Garden, Halal license so on) | Dagang.net | 1000-3000 |
| Add product and/ or brand name with company name | Notification | 1000 |
| Guide to prepare supporting papers and apply for Trademark license. | Trademark | 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
Name and company registration Fee as package Ringgit 2500 to Ringgit 4000. Other relevant business license fee is separate such as import and export in Malaysia. So, what services are you looking for in Malaysia ? contact us – S & F Consulting Service is always ready to help you out.
Ok, average annual cost is Ringgit 4000 to Ringgit 5000. This amount of fees for the services of yearly maintenance, such as annual return to SSM, Secretary, Income tax and Audit service.
Name registration fee is Ringgit 50, 30 days valid only. If proposed name is rejected then again Ringgit 50 have to pay for another name registration.