Malaysia Hotline: +603- 2141 8908
1. Sole
Proprietor (or Sole Trader)
Like many other countries out
there, the Sole Proprietorship business entity in Malaysia is owned solely by
one individual, as his/her liability is unlimited. What unlimited liability
means is: If a business fails or is declared bankrupt, creditors can sue the
sole proprietor’s owner for all debts owed to respective merchants. This means
personal assets; personal income and employment income are all liable.
2. Partnerships
The “Partnership” business entity
is a joint-entity holder with two or more persons to carry out a legal business
in Malaysia. The Companies Commission of Malaysia requires that partnership
entities must comprise of at least two (2) members and a maximum twenty (20)
members. Partners in partnership business entities are also bounded by unlimited
liability.
3. Limited
Company (SDN BHD or BHD)
Sendirian Berhad (SDN BHD) is a
private limited company, where it prohibits any invitation to the public to
subscribe to any of its shares, deposit money with the company for investment
or subscription. Minimum members in a private limited company are two (2) and
maximum is fifty (50).
Berhad (BHD) is a public limited
company where its shares can be offered to the public for fixed periods and any
other forms of subscription. The minimum amount of members or shareholders are two
(2) and maximum of unlimited amount of members.
There are three (3) types of
limited companies in Malaysia:
- Limited by Shares
- Limited by Guarantee
- Unlimited company with/without
share capital
4. Foreign
Companies
Foreigners (non-Malaysian
residents) are allowed to register a private limited company in Malaysia, so
long as two (2) of the company’s directors are permanent (principal place of
residence) residents in Malaysia.
Foreign companies are companies already
incorporated (formed) outside of Malaysia but set up its business premises and
operations in Malaysia. There are two ways to go about being a ‘foreign
company’ in Malaysia:
- Register a branch in Malaysia
- Incorporate a local company
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