100000
Happy Customer
50000
CA & Lawyers
50
Offices| Aspect | Details |
|---|---|
| Timeline | The timeline for company registration in Malaysia is 1 to 2 Week |
| Fees | The fees for online company setup in Malaysia start from US$299 |
| Benefits | The list of benefits of company formation in Malaysia are as follows:
|
| Types | Types of company registration in Malaysia are as follows:
|
| Requirements |
|
| Documents |
The list of documents required for company registration in Malaysia is
as follows:
|
| Procedure | The procedure for company incorporation in Malaysia is as follows:
|
| How can we help? | At Enterslice, we ensure a smooth and efficient Company Formation in
Malaysia, offering:
|
Let our expert consultants at Enterslice assist you with Malaysia company formation.
Malaysia, located in Southeast Asia, is a thriving economic hub with active participation from both the government and private sectors. For entrepreneurs seeking global expansion, company registration in Malaysia is a smart choice. According to the World Bank, Malaysia ranks among the most business-friendly countries in the world. The process of registering a foreign company in Malaysia is smooth and straightforward.
However, before proceeding, it is essential for applicants to ensure compliance with local laws. The primary legislation governing company registration in Malaysia is the Companies Act 2016. This act outlines all the requirements and regulations that must be followed to establish a business in Malaysia. Our business consultants at Enterslice will ease the process of company registration in Malaysia. You may consider given below points before moving ahead with business Registration in Malaysia:
100% Foreign Ownership Allowed
One Resident Director
Minimum Paid-up Capital of 1 MYR
50 Plus DTA (Double Taxation Agreement)
24% Corporate Tax Rate
3% to 25% Withholding Tax
The types of business structures for company registration in Malaysia are as follows:
A private limited company, known as Sendirian Berhad (Sdn Bhd) in Malaysia, is a separate legal entity distinct from its owners. The company requires a minimum of one shareholder, one director, and a company secretary. Ownership is limited to a maximum of 50 shareholders, and it is open to both locals and foreigners. This structure makes SDN BHD an attractive choice for entrepreneurs due to its flexibility and limited liability.
A public limited company is a business entity whose shares can be offered to the public. These companies are listed on the stock exchange and are regulated by the Securities Commission of Malaysia. They are ideal for large-scale businesses as they can raise capital from the public. Shareholders in a public limited company enjoy limited liability. There is no limit on the number of shareholders, and this business structure is open to both locals and foreigners.
Foreign companies planning to establish a presence in Malaysia can register as foreign company under the Companies Act 2016 with the Companies Commission of Malaysia. A branch office serves as an extension of the foreign company and does not have a separate legal identity. It is permitted to carry out income-generating activities. In contrast, a representative office is set up solely for market research or promoting the parent company and is not allowed to engage in any income-generating activities.
LLP (Also known as Perkongsian Liabiliti Terhad) is a combination of both partnerships and companies features, further LLPs offer limited liability to their partners and are governed by the Limited Liability Partnerships Act 2012. It is open to all including foreigners. LLPs help startups and SMEs grow without worrying about personal liabilities. It’s a blend of a conventional partnership firm and a company.
Setting up this type of company is the easiest way to start a business in Malaysia. It requires only one owner, but the liability is unlimited. This means the owner’s personal income and assets are not protected and can be used to settle debts if the company goes bankrupt. This business structure is exclusively available to Malaysian citizens and permanent residents and not to global entrepreneurs.
A partnership is a business structure with a minimum of two owners and a maximum of 20 owners. The partners pool their resources to operate the business with the goal of generating profit. Only Malaysian citizens and permanent residents are eligible to register partnerships. Similar to sole proprietorships, the liability of partners is unlimited, meaning their personal assets can be used to settle the partnership's debts.
An unlimited company is a business structure where members and shareholders have unlimited liability. This means they are personally responsible for covering any losses or debts incurred by the company. However, an unlimited company can be converted into a limited company by passing a special resolution and filing a notice of conversion with the Suruhanjaya Syarikat Malaysia (SSM).
A Company Limited by Guarantee (CLG) is a public company that does not have share capital and is generally formed for non-profit purposes. Instead of shareholders, it has members who serve as guarantors, committing to contribute a small amount towards the company's assets if it is dissolved. This structure is often utilized by charities, clubs, and other non-profit organizations.
It is an independent association of individuals who voluntarily unite to fulfill their shared economic, social, and cultural needs and aspirations through a jointly-owned and self-managed enterprise. These entities are encouraged to work in sectors such as healthcare, hospitality, and manufacturing. Co-operatives are an essential part of economic growth of the Malaysia. They strive to increase the economic well-being of their members.
The checklist for company incorporation in Malaysia are as follows:
The list of benefits of business registration in Malaysia is as follows:
Malaysia has signed Investment Guarantee Agreements (IGAs) with over 60 countries, offering essential protections that can attract further investment. These agreements include countries such as US, UK, China, Germany, and Italy.
In addition to Bahasa Malaysia (Malay), the local population in Malaysia is proficient in English, Tamil, and Mandarin. This linguistic diversity gives businesses a significant advantage by facilitating communication across different markets.
Malaysia has signed a number of double taxation treaties with other countries, eliminating double taxation on income generated within Malaysia.
Malaysian corporations face no restrictions on the repatriation of capital, profits, dividends, and royalties.
The Malaysian government offers strong incentives and subsidies to encourage business formation and capital investment.
Malaysia offers a competitive corporate tax rate, with 17% for resident companies and 24% for non-resident companies.
Foreign investors prefer Malaysia, particularly due to the high level of investor protection guaranteed by local legislation.
Company registration in Malaysia provides legal identity for businesses, establishing credibility for entering into contracts, opening a business bank account, and engaging in other business activities.
Only registered Malaysia company formation with SSM are eligible to obtain financial assistance from banks and financial institutions.
Companies registered in Malaysia are eligible to access various services and benefits, including payment gateways like eGHL or iPay88. Additionally, the business name is protected and cannot be legally used by another entity in Malaysia.
The cost to start a business in Malaysia is very low compared to other Asian countries. It is one of the substantial benefits of company registration in Malaysia.
Rentals in Malaysia are also lower compared to other Asian countries. It is one of the significant benefits for entrepreneurs seeking business registration in Malaysia.
The average wages in Malaysia are far lower than in other countries. It is one of the substantial merits of online company setup in Malaysia.
The step-by-step process to apply for company incorporation in Malaysia is as follows:
First, the applicant should choose a business structure that aligns with their goals and objectives. This could include options such as limited liability partnerships, private limited companies, public limited companies, and more.
Next, choose a unique business name and ensure it complies with legal guidelines, avoiding any misleading or inappropriate terms. Check the name availability with the Companies Commission of Malaysia (SSM), and once finalized, register it with SSM.
This is the stage where the applicant company must decide the number of shareholders and directors and fulfil the criteria, including a minimum of one director and shareholder.
Once the company name is approved, register your company with SSM. The registration form A must be filed by the applicant company, including details such as the business name, commencement date, addresses, information about the owners and partners, and the chosen business structure.
After successfully registering your company with SSM, you must open a corporate bank account with a suitable bank. Keep in mind that different banks offer varying benefits and fees, so it's important to choose one that best suits your business needs.
In Malaysia, companies are required to obtain various licenses and permits based on the nature of their business. The three main types of business licenses are general licenses, sector or industry-specific licenses, and activity-specific licenses.
The list of profitable businesses for online company setup in Malaysia is as follows:
General Trading
IT Business
Online shop
Car wash and automobile
Super shops or mini-mart or departmental stores
Small restaurants or café and food supply
Tourism
Construction or real estate business
Garment or, clothing or fashion
Oil and Gas Business
Mobile and Accessories
Airbnb and guest business
The documents required for company registration in Malaysia are as follows:
Copy of Passports of Shareholders and Directors
Copy of National Identity Card (Shareholders and Directors)
Most Recent Utility Bill or Bank Statement
Copy of Certification of Incorporation
Memorandum of Association (MoA)
Articles of Association (AoA)
Board of Resolution
Submit filled Forms 13A, 79 and 80
The compliances post online company setup in Malaysia are as follows:
Talk to Enterslice consultants, and let us help you overcome the challenges with minimum effort.
The taxation system for company incorporation in Malaysia is as follows:
The list of requirements for company formation in Malaysia is as follows:
Essentials for Company Registration in Malaysia
Other Essentials for Malaysia Company Formation
The legal framework for company registration in Malaysia is as follows:
Enterslice has proved its mettle as one of the top business consulting firms for company formation in Malaysia. Given below are the reasons why entrepreneurs across the world consider us as the first choice for online company setup in Malaysia-
Frequently Asked Questions for Company Formation in Malaysia
Yes, all Malaysian companies must have a local registered office address in Malaysia for Company registration in Malaysia.
The documents required for non-resident directors or shareholder for company registration in Malaysia are copy of passport, copy of residential address proof, etc.
To start a business in Malaysia, the first step is to register a business name Malaysia with the Companies Commission of Malaysia (SSM). After that, you need to submit incorporation documents, including the company constitution and details of directors, to SSM. Next, obtain the necessary licenses and permits specific to your business activities. Once completed, open a corporate bank account in the company’s name and register for taxes with the Inland Revenue Board (IRB) to ensure compliance with Malaysian regulations.
Yes, foreigners can go for company registration in Malaysia. However, under the regulations of the Companies Commission of Malaysia (CCM), they are only permitted to register a private limited company by shares, known as Sendirian Berhad (Sdn. Bhd.), in Malaysia.
The basic requirements for online company setup in Malaysia are at least one shareholder, minimum one resident director, registered office address, minimum paid up capital, company secretary, shareholder address etc.
Yes, incorporating a company in Malaysia is easy and straightforward process, whether you are a Malaysian or a foreign national. On average, the process takes about two to three weeks, provided there are no errors in your application.
You can register business name Malaysia with the Companies Commission of Malaysia (SSM).
There is no minimum share capital requirement for an Sdn Bhd (Private Limited Company) in Malaysia. However, shares must be issued with a total value of at least MYR 1.
Yes, foreign investors are allowed to own 100% of a company after company registration in Malaysia, with some exceptions in certain industries.
The benefits of company formation in Malaysia are -
Some of the major tax incentives for businesses after business registration in Malaysia are as follows:
-- Testimonials
“Enterslice use technology better than others. That saves time and money; Team enterslice is more efficient than traditional competitors, and that helps to pass on the cost advantage to its clients. The company is building a high-level transparency in legal services by optimum use of technology and process automation in consulting. I highly recommend this company.”
“Excellent advisory role by Enterslice Team. They are a trusted partners to us. Narendra and his team helped us with our pre NBFC applications and Post NBFC advisory services.”
“Amazing services provided by your organization. They have completed our NBFC registration order within stipulated time period of 90 days. They provide constant guidance and support in the process. Their support in building fintech software is amazing.”
“I chose Enterslice to start my new Indian adventure as entrepreneur, and respect my past experience i was surprised by their professionalism. In particular, Raksha T. followed my startup process, and i was delighted with her support on every moment. Great, great experience.”
“I came to know about Enterslice through a friend. Since then I have done GST Registration through them. The services are consumer centric and fast. I have recommended them to many of my acquaintance already.”
“Great set of people working together. Very customer friendly. I am very satisfied with the food license registration services and will definitely come back for other similar requirements.”
“They provided customized and Highly skilled CA &services. The management invests themselves in your work. They ensured timely NBFC registration and are always ready and prepared with excellent advisory services. The best part of working with Enterslice is they are not having expertise of law but they are well versed with Digital marketing skills &fintech business model.”
“I have registered my Trademark through them. The application was filed within 3 days. And the charges were also very reasonable. We got TM Approved in 6 month’s time without any re-submission or objection. They charge high to deliver the best in industry.”
“I would like to thank the Enterslice team for the excellent business plan made by them. They understood our requirement and gave us exactly what we wanted. Thank you Team Enterslice.”
“Thanks for your services. The team is really professional. They make sure that things are delivered in time. The best part about Enterslice is the consultative approach and guiding us on all our business matters.”
Haiden Group - UAE
Stay updated with all the latest legal updates.
Just enter your email address and subscribe for free!
(+1) 6292766228
Live Chat