With Vakilsearch, incorporating a business in Malaysia takes only three easy steps and is quick and convenient
We answer all of your questions regarding company formation in Malaysia.
Our team of experts will help you finish the entire filing and registration procedure.
Our business experts will complete company registration in Malaysia.
The requirements for forming a company in Malaysia are not too stringent. Even if your company is entirely owned by foreigners, you can register it in Malaysia. Such a company, completely foreign owned, is referred to as a Sendirian Berhad company in Malaysia. The Malaysian government has designated specialised industries as solely intended for 100% foreign ownership. A foreigner can start a business in Malaysia by merging with a local firm or registering the foreign firm with the Companies Commission of Malaysia.
The primary objective in Malaysia is to make things easier for you from the minute your company is established. Malaysia offers a convenient all-in-one kit to new businesses looking to expand in the country. The following are some of the reasons why entrepreneurs opt to start their enterprises in Malaysia:
The services provided in relation to company incorporation in Malaysia are as follows:
The following documents are required to form a company in Malaysia:
Note: Our experts will assist you with any further requirements.
The following steps are involved in forming a company in Malaysia:
These are the different business structures used in Malaysia:
Sole proprietorship: In Malaysia, it is simple to establish a sole proprietorship. The sole proprietorship business structure only needs one owner, and that owner has unlimited liability. In the event of bankruptcy, the owner's personal income or assets may be used to pay off the business's debts and obligations.
Private Limited Company: Because a private limited company is a separate legal entity from its owners, it is able to buy, sell, and enter into legal contracts as well as bring legal actions and be sued in court. In the event of insolvency or bankruptcy, the owners' liability shall be limited to the amount they have contributed to the business.
A public limited company: A public limited company is a business whose shares can be sold to the general public. Public limited companies are regulated by the Securities Commission of Malaysia and are listed on the stock exchange.
Foreign Company: Foreign businesses can set up a representative office to learn more about Malaysian business. In Malaysia, a representative office lacks any independent legal standing. As a result, the parent company is accountable for its obligations and liabilities.
Foreign parent company: An extension of the foreign parent company is a branch office. In this instance as well, the foreign parent company shall be liable and accountable for all debts of the Malaysian branch.
Unlimited Company – In this company type if there is a loss or the company incurs debt, the members and shareholders are personally liable. An unlimited company gives its members and shareholders unlimited liability.
Limited Liability Partnership (LLP): An LLP combines the traits of a limited liability company and a partnership. It has a corporate structure and a distinct legal identity from its partners. The LLP can be registered under the Limited Liability Partnership Act 2012.
Partnership: An entity may be registered as a partnership when two or more people join forces to profit from their commercial endeavors. A partnership can only have 20 partners. Only Malaysian citizens or citizens with permanent residency may be partners. The partnership's debts and obligations are wholly liable for the partners. The partners must each pay their own taxes; the partnership is not responsible for paying taxes.
When forming a company in Malaysia, it's important to choose the right business structure. Thousands of businesses like yours, have chosen Vakilsearch to set up their business in Malaysia and break into a new market, and our team up with the InCorp Group will give you the best company registration experience a foreign company could hope for in Malaysia. With service standards that are client-centered, reliable, and ethical, we will always be here to guide and support you.