If you are looking for a new business or trying to open a startup in Malaysia, this article is for you. Whether you're starting from scratch or want to grow your current company, read on for more information about opening a company and registering it.
To register a company in Malaysia, you must first be approved by the government. You need to provide them with an application letter and your company’s articles of association. Once you have an approved application, you will need to appoint directors. Then, you must deliver a completed Articles of Association and the applicable stamp duty fee to the Commercial Affairs Department at the nearest Malaysian embassy or high commission abroad.
Create Your Company Name and Logo
To register your company in Malaysia, you’ll need to establish your business name, register a company name with the Ministry of Finance in Malaysia, and also create a company logo.
Create a Company Address and Contact Details
To register a company in Malaysia, a company name and address must be submitted to the Registrar of Companies (RoC). The company must have at least one director and one shareholder. Once registered, the company can open bank accounts and file annual returns with the RoC.
Apply for Business Registration with the Companies Commission of Malaysia
To register a company in Malaysia, you need to complete an application form with the Companies Commission of Malaysia. The forms can be found on their website. Once completed and signed, you have until the next business day to submit your application. If it is approved, a license will be issued.
Documents Required
- Director declaration document
- Company Compliance document
- Identity proofs of all directors
Register the Company in the Business Registration System
In order to register your company in Malaysia, you must first make a private limited company registration in the System. The application must include the name of the company, address, and contact information as well as the names of any partners or shareholders. Once these documents are submitted, you will be given an 11-digit registration number.
Submit Applications to the Ministry of Domestic Trade and Consumer Affairs
The company will be granted an e-Business License if it fulfills the requirements. The license is valid for five years and is renewable every year. Every company must obtain general licenses like company registration, income tax registration, provident fund, PERKESO, HR fund license, signboard, and business premise licenses.
Submit Applications to Other Relevant Agencies
To start a company in Malaysia, you must first apply to the Registry of Companies and obtain an application number. You can also submit applications to the Companies Commission of Malaysia, the Securities Commission of Malaysia, and the Companies & Intellectual Property Commission. Wait until your application has been accepted before submitting your registration form with all relevant documents.
Conduct Actions to Be Compliant with Other Countries
As a foreign company, it is important to understand the laws of Malaysia and meet the required company compliance requirements. As Malaysia does not have a minimum capital requirement, companies that register there must meet other requirements such as registering a trademark and complying with anti-corruption rules. Before applying for company incorporation consider contacting your country’s embassy or consulate to learn more about the process.
Finding the Business Registration Number in Malaysia
- Login to https://www.ssm-einfo.my/
- Click register and fill in the necessary details to successfully login
- Click search under the company & business information tab
- Click search by number
- Enter your registration number
- SSM displays the registration number search results
Conclusion:
Starting a new business is exciting but also scary. You have to be prepared for everything from taxes to hiring employees. Vakilsearch will help you make your business more accessible, and we are just one click away.
