Business Registration in Malaysia

In the second half of the 20th century, the rapid economic development of Malaysia as an industrial country was achieved. Over the last 50 years, GDP (Gross Domestic Product) has increased by 6.5% and GDP per capita has increased to $ 18,509. Arrived.

Malaysia is considered to be a new industrial region, but Southeast Asia is the third most populous nation in the world, with a population of more than 30 million. Today, Malaysia's tourism industry is at a new height and is a major contributor to the Philippine financial system. In this regard, regional and international investors are eager for business ventures or companies in Malaysia.

Business Registration Type

There are three types of registrations in Malaysia: sole proprietorship, limited liability partnership (LLP) and Sdn Bhd.

A Malaysian company is a fee or surplus incorporated Malaysia (SSM) government agency that meets business registration and corporate legal entities. While LLP is an ideal starting point for small businesses, business registration can be either stand-alone ownership or partnership. For the purpose of this subsidy practice, there may be business models that professionals can choose, such as certified salesmen, lawyers, and CPAs.

If the foreigner is not a Malaysian citizen or the permanent resident is not a foreigner-only company, SSM, the foreigner is for Malaysian only and cannot register the business with a single certification/partnership and LLP. You can register with Sdn Bhd can be 100% owned. However, there are certain types of industries (e.g. education, banking and finance, agriculture, tourism, and others) that must be 30% or more of local men.

Sole proprietorship business

Registering a sole proprietorship company is very simple. Acceptable trade names are personal names and trade names. Applicant Information about SSM approved business name, business location, business start date, owner information, and/or partner and business type can be downloaded with Form.

Limited liability partnership

A Limited Liability Partnership (LLP) is a partnership where some or all of the partners (depending on the jurisdiction) have limited liability. So it can demonstrate the elements of partnerships and corporations. In an LLP, each partner is not responsible or liable for the misconduct or negligence of another partner.

Sdn Bhd Company

Bhd is a credential of Berhad, used to identify a public limited company in Malaysia. The name of a company in the name of Berhad, Bhd, or any Bhd indicates that it is a Malaysian Public Limited Company (PLC), the extended credentials Sendirian Berhad (Sdn Bhd) implying that it is a private limited company.

Applicants associated with licensing or licensing-related government agencies such as application / partner ID cards and educational institutions (schools and colleges) are copies even if the business is not registered with the SSM, the employer or partner must obtain a business license from the government agency to make it fully or fully operational.

Foreign company registration

A foreign company can establish a company in Malaysia by registering a company in Malaysia or integrating new or existing local industries into SSM. Foreigners are now able to own the company's 100% SDN BD, but should aim to deal with government departments, foreign investment commissions or FICC. In this case, 30% of the capital must come from a local ethnic male.

Search name

Applicants must search for the name and repeat it early. Foreign company names must be registered in the same country as their parents. SSM-approved names are reserved for a maximum of three months from the date of approval.

Required Documents

The name of the company must be submitted within three months of its approval. There are sufficient registration documents: Form 79 (Foreign applicant who is a representative or agent of a foreign company form 80, providing details of registration or certification of a foreign company, certified credentials of foreign company, charter and association and other requirements may be requested by the SM.

The registration fee range is based on the shares that the company specifies in Malaysia. If the applicant complies with all requirements, fees, licenses, and licenses, SSM issues a certificate of registration to a foreign company.

This process may take at least 21 days, but it may take several months to prepare the necessary documentation. Many companies choose shelf companies to start their business immediately. You can change the name of a shelf company approved by your company's registrar.

While registering a business in Malaysia, the state Serpent’s services are more convenient. A small amount of information is included in the registration process. Work permits, directors and shareholders, MOA, AOA, and Bank account require further account opening and understanding. Circuits with the right solution at the right price.