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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