Malaysia Company Formation

Malaysia is one of ASEAN (Association of Southeast Asian Nations) members. Malaysia is a prosperous market with stable political, economic and trade environment, advanced infrastructure, medical equipment and educational facilities, high living of standard, low unemployment and low cost of living. Therefore, today, Malaysia has become the investment platform for international investors to develop ASEAN markets.

 

Types of Malaysia companies:-

  1. Private Limited Company (SDN BHD)
  2. Offshore Company (Labuan)
  3. Sole Proprietorship
  4. Public Limited Company (BHD)
  5. Companies Limited by Guarantee
  6. Partnership
  7. Limited Liability Partnership
  8. Foreign Companies

 

Application Criteria

There must be at least two shareholders and two local directors aged above 18 years old and one local secretary. The shareholders are not restricted to the nationality and can be appointed as the directors at the same time. The local director must be a Malaysian or foreigner who holds a Malaysia visa for 182 days.

 

Malaysia Company Authorize Capital

On 31 January 2017, the Companies Commission of Malaysia has declared that the Companies Act of 2016 entered into force at the official stage. There is no more capital limitation for Malaysia Private Company, only paid up capital will show.

 

Malaysia Company Name

Malaysia company name can be registered in either 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, for instance, TANNET (MALAYSIA) SDN. BHD.

 

Documents Required for Malaysia Company Formation

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)

 

Application Procedure

Filling the application form → sign an agreement → payment →Director Search →company name search → signing of documents in Malaysia → complete the procedure at government departments → receive full set company information → company bank account opening

 

Timeline

When the required documents are ready, it would take approximately 14 working days to complete the registration procedures for the Malaysia Company. If the applicant comes over to Malaysia to complete the registration procedure, it would take 7-8 working days.

 

Bank Account Opening

Company bank account can be opening after the completion of company registration. Malaysia private limited company can open a bank account at certain banks, for examples, OCBC Bank and Standard Chartered Bank. TANNET can  arrange bank account opening includes recommend bank account, documents preparation, preparing meeting report and application letter for arranging introducer and follows-up services.

 

Annual Filling Requirements

Every company must update the company details and submit annual tax filing to the government before the deadline. All Malaysia Company which includes dormant company must prepare the company account. TANNET can provide our clients with accounting and tax services and charge accordingly.

 

We have more services than the above mentioned such as Hong Kong Company Formation, Offshore Company Formation and China Company Formation, MM2H and Virtual Office, etc.

 

Contact Us

If you have further queries, please contact Tannet Group.

24 hours Malaysia hotline:603-21418908;

24 hours Hong Kong hotline:852-27837818;

24 hours China hotline:86-755- 36990589;

Email: mytannet@gmail.com

Our Information Center: http://www.ono-bbb.net

Accountant’s Service: http://3737580.hk/eng

TANNET GROUP: http://www.tannet-group.net