• Skip to primary navigation
  • Skip to content
  • Skip to primary sidebar
  • Skip to footer

S & F CONSULTING FIRM LIMITED

Company Registration Expert

  • Home
  • About Us
    • Directors
    • Global Team Members
    • Join as Partner
  • Our Services
    • Company Registration
    • Accounting
    • Income Tax
    • Audit
    • Virtual Office
    • Business Advisory
    • Fees
  • Blog
  • Contact

How to open bank account in Malaysia

Customers and staff people in bank interior flat vector illustration

Bank account open in Malaysia is not a problem is a major problem! How to open bank account in Malaysia as foreigner and shareholder of sdn bhd company. Actually bank account opening permission vary bank to bank as internal policy. For example, foreign banks and local banks have separate policy and most of the cases foreign company shareholders are not encouraged to open business account unless meet requirement.

What is the barrier to open account? A) 100% foreign ownership company B) Tourist visa C) No work permit D) Company financial focusing E) Small amount of paid up capital;

Contents

  • 1 Open bank account online Malaysia
    • 1.1 Nonresident bank account Malaysia
      • 1.1.1 Can tourist open bank account in Malaysia?
        • 1.1.1.1 Bank account in Malaysia for expats

Open bank account online Malaysia

Now a day, almost all of banks allow to open bank account online Malaysia mean you can transfer money, approve payment order, check balance and download monthly statement by online. As a result, foreign directors may do same job from their own state over internet.
Open bank account in Malaysia without work permit
Is it possible to open bank account in Malaysia without work permit? Yes, possible, but you need to be director of a private limited company and some other conditions have to meet to be allowed.

Nonresident bank account Malaysia

Nonresident can open bank account in Malaysia but business account if the nonresident is a director of a company and cannot open personal account.

Can tourist open bank account in Malaysia?

Yes, if the tourist is a director of a SDN BHD company in Malaysia and meet some requirement. But cannot open personal account.

Bank account in Malaysia for expats

Who has expatriate visa is easier to open bank account personal and business too. In that case, most of the local and foreign banks will welcome to the applicants.

Key notes: We have noticed, bank account open as foreigner, foreign directors are a major challenging in almost every country. Main reason of the case is work permit, new company, business profile, 100% share of the company hold by foreigners and some others also. No one consultant, advisor guarantee the customers open bank account. If foreign investors, directors follow our guide line have chance of 99% open bank account in Malaysia. Also, you may want to know the hotel business in Malaysia.

Local vs foreign banks
AmBank, RHB, MayBank, Affin, Alliance, CIMB, Public and many more local banks in Malaysia discourage to open business account if the directors are foreigners. Foreign Banks-Standard Chartered, HSBC, OCBC, UOB and some others allow to open bank account if the business owners of sdn bhd are foreigners upon some conditions, deposit amount, financial forecast, history of business, number of employees etc.

Primary Sidebar

ads

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

Whatsapp Skype Email

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

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
  • Apply for business license in Malaysia as foreign investors

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

Business Information Link

  • Business advisory in Malaysia for the foreigner

Contact Information

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

[email protected]

Recent Posts

  • SEO and Digital Marketing Agency in Petaling Jaya, Selangor, Malaysia
  • Company Formation in Malaysia Cost, Steps, Requirement
  • Business in Malaysia
  • Can Foreigner Hold 100% Shares of the Company in Malaysia?
  • What is Encashment/ Equity Remittence Letter in Bangladesh?
  • What You Must Do After Registration of Your Company in Malaysia?
  • Accountant Services in Portugal
  • Start a Trading Company in Thailand with Low Investment
  • All These Are The Famous IT Companies in Sri Lanka
  • Get Company Registration Certificate in Thailand

Footer

Head Office: A-03-13 Tropicana Avenue, No 12 Persiaran Tropicana,

47410 Petaling Jaya, Selangor, Malaysia

+60115117741 , Land Line: +60378871655

Mail Us:
[email protected]

Copyright © 2019 S & F Consulting Firm Limited · Company Registration Expert in Malaysia
Go to mobile version