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Banking & Business Setup

HOW TO REGISTER A COMPANY IN MALAYSIA ONLINE



SSM office-authority to register a company in Malaysia.

If you are looking to start a new company and have decided to invest in Malaysia then you have made a wise decision. Over the past decade or so, the economy of Malaysia has seen a stellar rise . And it is fast becoming one of the most profitable countries to do business in inside Asia.

No matter what kind of business you are planning to do in Malaysia, you need to register your company. Many entrepreneurs looking to start their business often struggle with registration process. As a result, this article will let you easier for registering a company in Malaysia. Any companies register through approval of SSM, Companies Commission of Malaysia.

Shareholder and eligibility


TYPE OF COMPANY SHAREHOLDER ELIGIBLE
PRIVATE LIMITED COMPANY 1 - 50  
PUBLIC LIMITED UNLIMITED  
PARTNERSHIP 2 - MORE  
SOLE PROPRIETORSHIP 1  


Capital

TYPE OF COMPANY SHARE CAPITAL
PRIVATE LIMITED COMPANY 2 TO 500000 (RINGGIT)
PUBLIC LIMITED UNLIMITED
PARTNERSHIP ANY AMOUNT AS AGREEMENT
SOLE PROPRIETORSHIP ANY AMOUNT


Time

TYPE OF COMPANY REGISTRATION DURATION
PRIVATE LIMITED COMPANY 5 DAYS
PUBLIC LIMITED 10 DAYS
PARTNERSHIP 2 - 3 DAYS
SOLE PROPRIETORSHIP 2 DAYS


Fees

TYPE OF COMPANY COST
PRIVATE LIMITED COMPANY 4000
PUBLIC LIMITED CONTACT US
PARTNERSHIP 3000
SOLE PROPRIETORSHIP 2000




How to register a company in Malaysia A-Z process
100% foreign ownership


In Malaysia, there are two types of business categories will recommend to form. The first one is 100% foreign ownership, capital need 500,000. If you are looking to get into the import and export business then you need a paid up capital of RM 1 million. The same digit applies for opening a restaurant or any sort of trading business.

Join Venture
Capital, RM 350K recommended if the business is a joint venture company with a 51% ownership. This is applicable for the Malaysian partner. There is no more authorized capital as amendment.

Company Name
All companies, whether local or foreign ownership company registration done by SSM. Over there, the first step of registering a company is Propose “Name Approve”. You need to adhere the rules of naming for your company. They cannot contain any of the restricted words as provided by the CCM.  Final company name should end with the term “Sdn Bhd”.

Why name is Sdn Bhd
Sdn and Bhd are Malayan terms called private limited. For instance, name should be ABC SDN BHD in replace of ABC LIMITED. Once registration complete, a number will put as identity. That is your official document, correspondences as well as your business card.  All the forms and instructions of the CCM are in English language for global investors.

Online submission
Once you have cleared out the naming rights you will need to prepare documents to submit SSM. The first thing you need to provide is the names of all your shareholders and details.  According to the Company Act of 1965, at least 1 share holder need to form a company. 2 shareholding company is good for banking and decision making.

How long takes to register Sdn Bhd company?
3-5 days. If propose name reject will take longer.

How many shareholders need for form company?
1 shareholder at least.

How many licenses need apart from Incorporation?
Signboard, Premise, Export, Import, Halal, Environment as need.

Can foreigner hold full shares of company?
Yes can, foreigner can hold full shares of own company.

Do I need to present in Malaysia to form company?
Not necessary. You can register staying overseas.

What is Sdn Bhd stand for?
Sendirian Berhad (Malay), English meaning Private Limited.

Can foreigner register sole proprietorship?
No, cannot. Only Sdn Bhd company can register.

BUSINESS SETUP

   
   

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