Register a company in Malaysia

Updated on Tuesday 18th July 2017

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Foreign businessmen who want to open a company in Malaysia have to follow a certain procedure in this sense. It is advisable to receive the assistance of local lawyers, as they are familiar with the legal procedures and with the recent legislative modifications. The main body which supervises the activity of businesses is the Companies Commission Malaysia Suruhanjaya Syarikat Malaysia (SSM).

All companies are required to register at the SSM office; at the same time, the institution provides information on other companies with activities in Malaysia, on their financial situation and legal status. Investors who want to receive more details on the registration procedure applicable here can address to our team of lawyers
 

Company registration in Malaysia – the main steps 


The process of opening a company in Malaysia starts with the proposal of a trading name at the SSM; the institution will approve the name if it meets all the requirements (there are words which can’t be used as a business name and there is a limit on the number of characters). 

After the name is approved, the investors and the team of lawyers can prepare the statutory documents of the company and establish the legal entity under which the business will carry out its operations. 

Further on, the company must be registered with the local authorities for tax purposes and obtain a trading license in accordance with the business field. It is necessary to open a corporate bank account in which the shareholders will deposit the minimum share capital; our law office in Malaysia can provide more details on the matter. 

We also invite you to watch the following video for more information on company registration in Malaysia
 


Register a company limited by shares in Malaysia 


The most common type of business registered in Malaysia is the company limited by shares. It is important to know that the local legislation allows full foreign ownership, but this rule is limited to a part of business sectors available here. 

The following sectors require the participation of a Malaysian resident in the ownership of the company: 
•    education;
•    banking;
•    finance;
•    agriculture;
•    petroleum, oil and gas industries. 

The local legislation stipulates that this type of company requires the association of at least two partners, two directors and a company secretary. 

Foreign businessmen who need more information on the registration of company in Malaysia are invited to contact our law office for legal advice and consultation. 

Comments

Martha

April 29, 2016

I am interested in the business environment available in Malaysia. This article was very useful!



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