Malaysia is becoming one of the prime destinations in Asia for company registration. Company registration in Malaysia is the right idea because it provides vast opportunities in doing business. A foreigner can register a corporation in Malaysia with the 100% foreign ownership by following all the terms and the condition by the Malaysian government.
What are the advantages of company registration in Malaysia?
These are various advantages:
- Limited liability
- Easy to get a loan
- Low-income tax
- Separate legal entity
- 20% tax savings
- Separate entity for perpetuity
- Separate entity for transferability of ownership
- Increase access to capital funding
- Approved schemes
- Deductibility expenses
What type of business structure you want in company registration in Malaysia?
First, you must decide the business structure such as:
- Sole proprietorship
- Partnership
- Sendirian Berhad (Sdn Bhd)
What are the requirements for company registration in Malaysia?
Here are the requirements:
- A company name
- Business activities
- A registered office in Malaysia
- Minimum 1 director
- Minimum 1 shareholder
- Minimum 1 corporate secretary
- Passport of all directors and shareholder
What is the procedure for company registration in Malaysia?
Here is the procedure:
- Name search: A name search for the availability of the proposed name will conduct. To check the availability, one must refer to government gazette. It also provides the guidelines for naming the company.
- Filing of incorporation documents: Company incorporation documents need to submit to SSM (Suruhanjaya Syarikat Malaysia). The SSM is the statuary body of the Malaysian government. The papers will submit within three months.
- Certificate of incorporation: The incorporation documents will submit with the prescribed fees. SSM issues a certificate of incorporation. After the merger, the company should acquire the license from the relevant authority.
Conclusion
No doubt that setting your company in Malaysia is the great idea. First you have to decide the company structure and fulfill the entire regulatory requirement by the Malaysian government.
In case you are looking for more information, kindly contact Enterslice.
Source by: https://enterslice.atavist.com/new-company-registration-in-malaysia
