new company registration in Malaysia as for foreigner

Malaysia is becoming one of the main destinations in Asia for business registration. Registering a company in Malaysia is the right idea because it provides great opportunities to do business. A foreigner can register a corporation in Malaysia with 100% foreign ownership following all the terms and conditions of 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 kind of business structure do you want in the business registration in Malaysia?

First, you must decide the business structure such as:

• Sole proprietorship

• Partnership

• Sendirian Berhad (Sdn Bhd)

What are the requirements for registering the company 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 registering companies in Malaysia?

Here is the procedure:

• Name search: a name search will be carried out to know the availability of the proposed name. To verify availability, one should consult the government gazette. It also provides guidelines for naming the company.

• Presentation of incorporation documents: the incorporation documents of the company must be submitted to SSM (Suruhanjaya Syarikat Malaysia). The SSM is the statutory body of the Malaysian government. The works will be presented within three months.

• Certificate of incorporation: the incorporation documents will be presented with the prescribed rates. SSM issues a certificate of incorporation. After the merger, the company must acquire the license from the relevant authority.

conclusion

Without a doubt, establishing your company in Malaysia is the great idea. You must first decide the structure of the company and comply with all regulatory requirements of the Malaysian government.