At Enterworld, we ensure Quick company registration in Malaysia. Leverage 100% foreign ownership, low corporate tax rates, robust infrastructure, and expand your business!
Company incorporation in Malaysia with the Companies Commission of Malaysia (SSM) can be complex. Enterworld can confidently help you embark on your entrepreneurial journey with our expert guidance. Our end-to-end support ensures a seamless company registration process. Our quick turnaround time facilitates speedy registration with SSM in 14 working days. However, this depends on the business structure you choose.
We offer transparent pricing with no hidden costs, allowing you to focus on building your business. Trust us for 100% hassle-free company incorporation and compliance management, paving the way for your entrepreneurial success in Malaysia.
Choosing the proper business structure in Malaysia is essential for a successful business journey and for maintaining and complying with legal and regulatory authorities. It helps meet the requirements to boost operational efficiency, cementing a solid basis for your business's growth and prosperity in Malaysia.
Private Limited Company (Sendirian Berhad or Sdn Bhd)
Sendirian Berhad (Sdn Bhd) is a private limited company in Malaysia. It allows 1-50 shareholders who enjoy a limited liability. Foreign entrepreneurs can own 100% stake, except in the agriculture, banking, education, and oil sectors.
Public Limited Company (Bhd)
A public limited company in Malaysia is similar to a private limited company. However, its shares can be offered to the public and be traded on stock exchanges under the Securities Commission of Malaysia's regulation. It needs at least two shareholders whose liability is limited to the amount invested in the company. It is required to follow minimum capital requirements to meet compliance and regulations.
Partnership
A partnership is a business venture in which two or more individuals or entities cooperate to operate a business for profit under the Partnership Act. Partnerships can be formed with 2 to 20 partners, and the partnership deed outlines the shareholding and operational terms. Unlike companies, partners are taxed individually, and their liability is unlimited. However, only Malaysian citizens are permitted to form partnerships in Malaysia.
Sole Proprietorship
A sole proprietorship is the simplest and most common business structure in Malaysia. It can be started by a single individual who owns and operates the business with unlimited personal liability for its debts and obligations. However, only Malaysian citizens or permanent residents can run a sole proprietorship. This business type does not require audits or annual filings. However, it may be required to pay an annual renewal fee to the Companies Commission of Malaysia (SSM).
Unlimited Company (Sdn)
An unlimited company sets unlimited liability for its members and shareholders. If the company suffers losses or faces debts, members' and shareholders' personal assets are at risk as they are personally accountable to meet the requirement. However, it can be converted to a limited company through a special resolution after duly notifying the SSM.
Representative Office
Foreign entrepreneurs seeking to boost their understanding of the Malaysian market can set up a representative office there. The office does not function independently, and the parent company is liable for its debts. It cannot engage in profit-generating activities, sign contracts, or conduct trading. Its functions are limited to research, business planning, and coordination with regional agents.
Foreign Branch Office
A branch office is an extension of the foreign parent company, not a separate legal entity. The parent company is responsible for all branch debts in Malaysia. The branch office can only engage in activities similar to its parent company, helping in short-term business expansion in Malaysia. It mandates one authorized agent to be a resident of Malaysia. Registration with the SSM is a must to start operations.
Enjoy 100% Foreign Ownership
Features of Business Setup in Malaysia
Business setup in Malaysia comes with several benefits for entrepreneurs. Some key features to consider registering include:
Strategic Location
Malaysia is strategically located in Southeast Asia, facilitating easy access to major markets and offering trade and investment opportunities.
Business-Friendly Environment
The government is committed to promoting a business-friendly environment, offering favourable policies, tax incentives, and an easy registration process.
Diverse Market
Malaysia offers a unique market due to its diverse population with broad consumer preferences, enabling businesses to serve a large customer group.
Malaysia is a top entrepreneur choice for foreign investors owing to its dynamic economy and supportive environment. Key reasons include:
Robust Economic Growth
Malaysia boasts a stable and thriving economy, recording a 4-5% GDP growth rate, making it an ideal business destination.
Skilled Workforce
Malaysia offers a highly skilled and educated workforce, giving businesses access to talented professionals across different industries.
Advanced Infrastructure
Malaysia's well-developed infrastructure, such as modern transportation, communication networks, and technology parks, make it a perfect hub for business investments.
Company formation in Malaysia offers foreign entrepreneurs’ various advantages when operating their businesses. With its strategic location, favourable tax environment, and different government incentives, Malaysia is great for business success.
Key benefits of company registration in Malaysia for foreign business people include:
Foreign entrepreneurs are entitled to own 100% of their business, except in specific sectors like agriculture and banking, which require partial local ownership.
Strategic Location
Malaysia is strategically located in the heart of Southeast Asia and offers access to over 650 million consumers in the ASEAN region for businesses to leverage.
Tax Incentives
Attractive tax incentives, such as a low corporate tax of 17% for SMEs and other tax exemptions for businesses, make it an ideal destination for foreign entrepreneurs.
Business-Friendly Policies
The government is dedicated to and supports entrepreneurship through simplified registration processes, investor-friendly regulations, and initiatives like MDEC.
Skilled Workforce
Malaysia grants access to a highly educated and multilingual workforce, which is a plus for foreign entrepreneurs considering business setup in Malaysia.
Robust Infrastructure
Malaysia offers top-notch and world-class infrastructure, including high-speed internet, efficient transportation systems, and modern business parks.
Access to Funding
Malaysia offers various funding options and opportunities, including government grants, venture capital, and SME loans to help entrepreneurs secure capital for operations and expansion.
Low Operating Costs
Malaysia offers relatively low operating costs, making it affordable to lease office space. Low utilities and labour costs allow businesses to minimize expenses and maximize profits.
Documents Required
Documents Required for Company Registration in Malaysia
Certificate of Company Incorporation in Malaysia
Copy of Company’s Registration
Memorandum of Association (MoA)
Articles of Association (AoA)
Forms - 13A, 79, and 80
Company Name Approval Document - By SSM
Business Plan
Letter of Appointment
Letter of Recommendation
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Amazing Business Ideas
Profitable Businesses for Foreign Entrepreneurs in Malaysia
IT & Software Development
Real Estate & Construction
Real Estate & Construction
Food & Restaurant
Petroleum, Oil, & Gas
Banking & Finance
Healthcare & Pharmaceuticals
Manufacturing & Export
Cleaning & Laundry
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Frequently Asked Questions
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Langkawi Island
George Town, Penang
Cameron Highlands
Batu Caves, Selangor
Taman Negara
Mount Kinabalu, Sabah
Perhentian Islands
Malacca, Melaka
Sepilok Orangutan Rehabilitation Centre, Borneo
Some necessary documents for company
registration in Malaysia include:
Certificate of Company Incorporation in Malaysia
Memorandum of Association (MoA)
Articles of Association (AoA)
Forms - 13A, 79, and 80
Business Plan
Yes, foreigners can start different
types of businesses in Malaysia. However, the simplest form of business -
Sole
Proprietorship, is exclusively available to foreigners who have obtained
permanent residency in Malaysia.
While you can invest in various
business
ventures, some of the best businesses to start in Malaysia include the
following: •
E-commerce
Tourism
Fashion
Real Estate
Oil and Gas Trade
Cleaning Services
Food and Beverages
Franchise Business
Company registration in Malaysia is
the
legal process of incorporating a business with the Companies Commission of
Malaysia (SSM). This process ensures compliance with regulations. It
provides
legal recognition to the company so that it can operate seamlessly in the
country.
Company registration in Malaysia is
a
step-by-step procedure which includes the following:
Name application
Fee payment
Appointment of new directors
Appointment of company secretary post registration
As per Malaysian regulations, every
business must register itself with the Companies Commission of Malaysia,
popularly known as Suruhanjaya Syarikat Malaysia or the SSM. Business
registration is legal compliance and mandatory to meet regulatory
requirements.
Registering a company in Malaysia
involves a step-by-step procedure, and each step has a dedicated timeline.
Overall, the total time taken to register a company is 14 days.
The fee to obtain a business license
in
Malaysia depends primarily on the type of business and the location.
However,
the general municipal license fee ranges from RM50 to RM1,000, which can be
renewed yearly.
To set up a sole proprietorship in
Malaysia, you need to:
Register your new business at a local SSM branch.
Select a name for your sole proprietorship.
Wait for approval. You can consult Enterworld to help you register
your venture seamlessly in Malaysia.
The court filing fee in Malaysia
starts
at RM10. Depending on the requirement, it can cost as much as RM10,000. At
the
High Court, filing a civil lawsuit costs RM100 for claims under RM100,001
and
RM200 for claims over RM100,001 but less than RM500,000. You must, however,
check with a lawyer or a consultant for the updated fee (if any).
All businesses in Malaysia are
registered through the Companies Commission of Malaysia or (SSM), a
statutory
body regulating all business entities in Malaysia. You can register your
business by visiting your nearest SSM branch or through EzBiz Online. You
can
also consult a company registration consultant for guidance.
Yes, even Indians must apply for a
Malaysia business visa from India.
Yes, a sole proprietor is entitled
to
pay himself a fixed salary. However, as a sole proprietor your income tax
will
be taxed on the profits that your business makes. You will also have to pay
income tax on the salary you take from the company during the year.
If you intend to apply for Permanent
Residence in Malaysia, then you must fulfil the following requirements:
FORM 16
Submit the photocopy of your passport
Two passport-size photos of yourself
Two passport-sized photos of your sponsor (if applicable)
Suggestion made by Malaysia's Relevant Agency
Personalised cover letter
Letter of Marriage Decree (Surat Akuan Perkahwinan)
Company formation in Malaysia can be
challenging as it involves various critical steps. Still, you can ensure a
smooth process by seeking help from a company registration consultant with
expertise in global company registrations.
Three categories defined under the
Employment Pass include - Employment Pass (EP), Temporary Employment Pass
and
Skilled Worker Visa. You can contact us for the latest update.
Suruhanjaya Syarikat Malaysia (SSM)
is
Malaysia's Companies Commission. SSM is responsible for company
incorporation in
Malaysia, business registration, and compliance with corporate laws. It was
established in 2002 and has since been regulating and monitoring businesses
nationwide.
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