Malaysia Hotline: +603- 2141 8908
Labuan
is part of Malaysia, and Malaysian company law applies there. Most foreign
companies wanting offshore status in Labuan will use Offshore Company or
Limited Partnership status (see below). These offshore forms are subject to
Malaysian Company law except as described below. Regular Malaysian companies
can be used in Labuan, but will not receive the tax and other privileges accorded
to Offshore Companies.
Generally,
companies incorporated in Malaysia are regulated by the Malaysian Companies
Act, 1965. The types of companies are:
- a
company limited by shares, which can be private or public;
- branch
of a foreign company;
- partnership
or sole proprietorship.
Foreign
investors normally conduct their businesses in Malaysia in the form of a
private company limited by shares.
Incorporation
of a company requires an application to be made to the Registrar of Companies
to approve the proposed name by submitting the following forms:
1- Memorandum
and Articles of Association
2- Statutory
declaration of compliance with the Companies Act
3- Certificate
of identity
4- Consent
to act as director
5- Statutory
declaration by persons before appointments as directors
Companies
pay registration fees based on the amount of authorized capital, and both
filing and stamping fees apply for submission of the above documents.
A
company must have a minimum of two directors and one secretary, having their
principal or only place of residence in Malaysia. A register of directors is
kept at the registered office of the company and is available for public
inspection.
Audited
profit and loss accounts and annual returns are required.
Partnerships
and sole proprietorships must register with the Registration of Businesses
before they can begin to operate. There is a registration fee and an annual
renewal fee.
Contact us
If you have further queries, please contact Tannet
24 hours Malaysia hotline：603-21418908;
24 hours Hong Kong hotline：852-27837818;
24 hours Hong Kong hotline：86-755- 36990589;
Email: mytannet@gmail.com
TANNET GROUP : http://www.tannet-group.net, http://en.tannet.com.my