Malaysia Hotline: +603- 2141 8908
Malaysia
Company Set up can be divided into onshore and Labuan offshore company. We provides the following instructions to allow all investors to have a better
understanding on investment environment in Malaysia and procedures of Malaysia
Company set up.
Types
of Malaysia Company
Malaysia
Company Set Up is divided into 2 types: Local companies and Labuan offshore
companies. Local companies in Malaysia exist in entity form, in which investors
can choose between field operation and virtual office. In contrast, Labuan
company formation has a flat tax rate system.
Malaysia
Company Name
Malaysia
Company Name can be registered in English or Malay, usually ends with “SDN.
BHD”. SDN is the abbreviation for Sendirian, meaning private whereas BHD is the
abbreviation for Berhad, meaning limited. SDN. BHD refers to “Private Limited”
whereas Berhad generally refers to “Public Limited Company”. In Malaysia,
companies are generally registered in the form of enterprise, partnership or
private limited company. Private limited company is the most common form among
all.
Authorized
capital
A
private limited company in Malaysia must have a minimum authorized capital and
paid-up capital of RM400, 000 and RM2 respectively. Paid-up capital may differ
with scope of business, therefore entrepreneurs can place the paid-up capital
in phases based on actual operating conditions.
Appointment
of shareholders and directors
Each
company must provide two (2) or more shareholders; shareholders can be the
directors at the same time. Shareholders do not have nationality restrictions;
each company must have a minimum of two (2) directors, being a natural person
with their principal place of residence in Malaysia or foreigners who hold a
visa in Malaysia for more than 6 months.
Required
Documents
English
name of the Malaysia Company, personal data of all the shareholders and
directors (Identification card or passport and address), authorized capital and
the shares allocation, articles of association, purpose of company formation
and main projects.
(All
documents must be translated in English or Malay)
For more
information on document translation service, please refer to Malaysia Document
Translation Service.
Procedures
Filling
the application form →
sign an agreement → make the payment → company name search → signing of documents at Malaysia
→ complete the procedure at
government departments →
receive full set company information →
opening of company bank account
Timeline
When the
required documents are ready, it would take approximately 20 working days to complete
the Malaysia Company set up procedures. If the applicant comes directly to
Malaysia to complete the set up procedure, it would only take 7 working days.
Service
contents
One set
of certificate, seal, three articles of association, appointment document of
shareholders and directors.
Service
fees and payment method
Full
payment in advance by Cash, cash transfer, telegraphic transfer, cheque and
bank draft to the stated bank accounts in Malaysia, Hong Kong and China.
Corporate
Bank Account Opening
Bank
account opening can only be done after the completion of the Malaysia Company
set up. Malaysia private limited company will be able to open a bank account at
certain banks, for examples, OCBC Bank and ICBC Bank. We has unique advantages
in opening bank account for our clients, which includes recommendation for
bank, preparation of account opening documents, preparation of meeting report
and application letter for bank account opening, arrangement of introducer and
follow-up services. Bank account opening requires RM5000 whereas private
account opening depends on the bank condition and requires RM3000.
Company
Secretarial services
We can
provide Malaysia Company with operating address, registered address as well as
services such as call receiving, and fax and mail services.
Annual
filling requirements
Every
company must update the company details and submit annual tax filing to the government
before the deadline. All Malaysia Companies including dormant company must
prepare the company account. ATAHK can provide our clients with accounting and
tax services and charge accordingly.
Working
permit
The
authorized and paid up capital of Malaysia Company must be at least 1 million
ringgit for those companies that want to apply working permit for foreign
workers.
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