Nominee Director Malaysia

Indeed, a nominee is required to open a bank account as banking requirements for the foreign ownership companies are:
Option 1: Whether company shall have a Malaysian nominee director or, Option 2: A valid residence permission of the foreign partner is required unless option 1 is available. You can read more to open a business in 3 to 5 days from overseas.

Act of a Nominee director Malaysia who will not hold a single number of shares of a company. A local person is appointed as the nominee as safeness policy of the government. It is not easier to trust an unknown person who is appointed as a nominee. Officer of local and foreign banks ask the nominee about the company background. A nominee is powerless but acts as an important role of a company. A consent from nominee is needed when the foreign shareholding company gets the approval of a bank loan. A nominee director is questionable if a company fly without a payback bank loan.

Contact us for Nominee Director Service: +601151177141, fee RM 3500 yearly with some conditions. 

Why Malaysian nominee director is required for foreigners 

It is advised to start with a share capital of Ringgit 2000 to 3000 in order to register a SDN Bhd company as a foreigner. Additionally, foreign directors and shareholders must have working permission in Malaysia or make sure that a Malaysian individual is a nominee director of the company in order to open a business bank account. It is a designated individual of the business, not a shareholder, who is easier to contact by bank than a foreigner in an emergency.

Nominee director's responsibilities in Malaysia

Company Act, 1965, Section 132 (1E) A director, like an employee of organization, or who act as substitute director for short period, shall bear in mind to act with honestly, shall not subordinate responsibilities to act in the for the entity to his duty to other.

Terms and conditions being nominee director Malaysia of your company:

• Nominee shall never interfere into business of the company and neither signatory of bank nor act as signatory of bank account;
• If any wrong activities are done by the directors (share holders) of the company without knowledge of Nominee will not take any responsibilities;
• Nominee will not come to take any seat and/ or attend any meeting unless requested by the directors (share holders);
• In case of any debt of the company will not be borne by nominee;
• Nominee shall not be working in your office as regular staff;
• Nominee shall neither act as share holder nor perform as director of the company;
• Directors (share holders) will notify the nominee one month before termination of service;
• If any activities are done by nominee director beyond of knowledge of share holders (directors) will be terminated nominee immediately;
• Unless any changes are made will auto renew nominee service for next year;

When a nominee director can remove? 

When necessary, a foreign shareholder may remove a nominee director and appoint a new one. If a foreign partner is granted permission to live or work in Malaysia, the nominee director may no longer be in office. After one or two years, if the business is still operating, it can be removed when switching to a different bank where a nominee is not needed.

Nominee director fee in Malaysia

• Ringgit 3500 (three thousand five hundred) will be charged per year being nominee director of the company;
• Some others might claim higher nominee director fee in Malaysia and with strict conditions, but our proposal is clear and no others T&C is hidden.

Note: Security deposit is required, refundable. Thanks

Finding reliable nominee of your company, residing Malaysian is might not be easier being foreign investors unless know someone local. In that case, read terms and conditions and sign with nominee director service provider in Malaysia. To register/ form SDN BHD, a private limited company as law nominee director has to be appointed who is residing of Malaysian. You may want to know about Sdn Bhd Malaysia company.

Nominee director agreement template in 2025

Terms and conditions being partner/ director/ shareholder of the company:

1. Malaysian partner (nominee) shall be signatory and act as signatory of any bank account;
2. Business will be fully operated by foreign partner whereas Malaysian Nominee Director shall not interfere in any decision making process of the business or the company operations;
3. Any director and/ or shareholder can NOT do any illegal activities, apply for loan and purchase goods on credit for the company without knowledge of the parties and board meeting resolution;
4. Malaysian partner (nominee) will quit from the company signing transfer of shares if any financial dispute and unethical activities are engaged by the foreign director and company;
5. Foreign partner is fully responsible to maintain government compliance such as taxation, audit and return submission on time;
6. Investment capital and operation cost will be fully paid by the foreign partner;
7. At the request of the beneficial owner, the Malaysian partner shall promptly deliver to the beneficial owner a duly executed share transfer form in respect of the shares, together with the relevant share certificate (s) and irrevocably authorities the beneficial owner;

Nominee director service agreement in Malaysia