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Offshore Company Incorporation in Malaysia

Malaysia is the second largest economic power in Southeast Asia and a world-class moderately developed country. With stable politics, high degree of openness and sufficient young labor force, Malaysia is one of the preferred countries for some companies to enter the Southeast Asia market and overseas market. Before you register a company or start a business in Malaysia, you must know how to register a company in Malaysia.
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Malaysia is the second largest economic power in Southeast Asia and a world-class moderately developed country. With stable politics, high degree of openness and sufficient young labor force, Malaysia is one of the preferred countries for some companies to enter the Southeast Asia market and overseas market. Before you register a company or start a business in Malaysia, you must know how to register a company in Malaysia. According to the Malaysian business registration act, any person or company who has been operating in Malaysia for 30 consecutive days, whether through traditional channels, physical stores or online stores, must register with Suruhanjaya Syarikat Malaysia (SSM).

 

Benefits of Registering a Malaysia Company

1. Malaysia is a place where the political, economic and trade environment is very stable;

2. The infrastructure is reliable;

3. To enter the markets of the 10 ASEAN countries;

4. Enterprises can open bank accounts all over the world;

5. Offshore companies in Malaysia have high privacy.


Benefits of Registering a Malaysia Company

 

Time to Incorporate a Company in Malaysia

It will take 25-30 working days after all the documents are ready.

 

Malaysia Company Registration Service Fee

The fees for the registration of a Malaysian company include company name search fee, establishment fee, annual secretary service fee, registered address fee, legal secretary fee, and shipping fee of incorporation documents.

 

From the second year, total cost will include annual auditing, tax declaration, registry declaration, registered address, secretarial service fee, and director's residential address fee. and the auditing fee will be based on the company's sales performance.

 

Documents Required for Malaysia Company Formation

1. Company name: the English name (or other letter composition) of Malaysia company is proposed, which ends with SDN.BHD.

2. Registered address: Malaysian companies must provide a local registered address in Malaysia (We can provide);

3. Business scope: a Malaysia company can choose up to 3 business scopes;

4. Registered capital: the registered capital of Malaysian company is at least RM 100,000, and the maximum is not limited. The capital does not need to be in place at one time, but can be in place by stages according to the actual operation.

5. The list of shareholders, and the copies of the passports or ID cards of the shareholders. If the number of shareholders exceeds 1, the proportion of shares shall be provided;

6. The list of directors, and the copies of the directors' passports and ID cards.


Process of Registering a Company in Malaysia

1. Application for Registration

Fill in the relevant application form and submit the application to the Companies Committee of Malaysia.

2. Registration Review

The company registration officer shall review whether the proposed company name is used or not. If not, the name shall be reserved for the applicant for three months.

3. Document Submission

Within three months, the applicant shall provide different documents to the registrant according to different forms of enterprises. For the list of documents to be provided, please contact us.

4. Application for Approval

The company registration officer reviews the submitted materials, approves the company registration, and issues the company registration consent document and company code (mainly for tax payment).

5. Opening a Bank Account

After the company has registered, go to the local bank of Malaysia with relevant documents to open a company bank account.


Malaysia Company Incorporation FAQs

Q1: Do I have to pay a visit to Malaysia for company registration?

A1: You don't have to go to Malaysia to register a Malaysian company. We can register a Malaysian company for you through the Internet.

 

Q2: What are the types of companies that can be registered in Malaysia?

A2: There are two major types of offshore companies in Malaysia: private limited and limited. The private limited company is the most common way to open a company in Malaysia while the limited liability partnership represents a legal entity that has the characteristics of a private limited liability company and the ones of a partnership.

    

Q3: Are there any requirements on the shareholders and directors of Malaysian companies?

To establish a Malaysia Limited company, two or more shareholders are required, and the shareholders can act as directors at the same time. There are no nationality restrictions on shareholders. The company should have two or more directors, two of whom must be Malaysian citizens or permanent residents.

 

Q4: What is the annual auditing deadline of Malaysian companies?

A4: The due date of the annual auditing of a Malaysian company is: the anniversary of the establishment of the company. The general secretary company will give two months' notice in advance. For example, if the company was established on July 1, 2021, you will be informed to handle the annual report on May 1, 2022.

 

Q5: What if my Malaysian company does not handle annual auditing in time?

A5: The serious consequence of Malaysia's failure to handle annual reports is a fine and may also receive subpoena from Malaysian courts.

 


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