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Follow these guidelines for setting up a company in Malaysia

Follow these guidelines for setting up a company in Malaysia 

Are you wondering how to malaysia company setup? Malaysia is known to be the fast earning traction as one of the ideal investment destinations to set up a business. Malaysia is not that hard, it could be an intimidating task without appropriate guidance. For how to register corporate services in Malaysia and begin a business.

Understand how to set up a company in Malaysia

There are a lot of challenges encountered by foreigners looking to start a company in the region. Before you can register your business, for example, you have to register with the Companies Commission of Malaysia known as SSM. A Business Registration Form must submit to a foreign entrepreneur. They must give a copy of their passport or identification card. Also, prepare the payment needed. An extra fee needs to pay once you use a company secretary to integrate the company in your name.

Fundamental criteria for setting up a company in Malaysia

A person must meet particular requirements to be permitted for their company. These comprise:

  • They should be 18 years or older
  • They must inhabit Malaysia
  • They must not be disqualified under Section 198 of the Companies Act 2016

Any foreigner wanting to establish a company must ensure they can meet the needed criteria. You must:

  • A plan about the nature of the business you plan to conduct
  • The identity of all directors and corporate shareholders
  • Give at least three possible names for the company
  • Articles of incorporation submitted to the government of Malaysia
  • Distributing of a Registration Certificate

Understand how to incorporate a Malaysia company

  • Select a business entity to set up a company in Malaysia
  • Meet the needed requirements
  • Complete online form
  • For SSM submission sign documents digitally
  • Get your certificate of incorporation

To set up a company in Malaysia, these documents are needed:

In addition, you need to get and prepare the following documents:

  • The name of your company
  • Main business activities
  • Copies of passports or all shareholder’s identification cards
  • Most current residential proof of address in Malaysia
  • The least paid-up capital details
  • Part of shareholding for all shareholders of the company

Malaysia company needs these documents as well:

  • Only one subscriber to the company’s shares
  • At least one resident director
  • At least one company secretary in Malaysia

You also have to prepare:

  • A passport to confirm your identity
  • Authorization documents if your company name handles any trademarked terms

With all these requirements you can set up a company in Malaysia.

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