Frequently Asked Questions

The benefits are:

1. Separate legal entity and owner’s wealth will be protected

2. Easier to expand the business and raising funds in future

3. Exposed to lower income tax risk (enjoy lower tax rate)

4. Able to transfer the ownership and saleable

Documents needed for company registration:​

1. At least 3 proposed business or company names

2. Detail of the principle business activities (can be more than one activity)

3. A photocopy of I/C or Passport Copy of all the directors’ and shareholders’ 

4. Details mailing address and contact number for all the directors and shareholders

5. Paid up capital information (min RM 1 to RM2,500)

6. Percentage of shareholding of each shareholders.

Yes. Once the Malaysia Company has been incorporated, you may start your business immediately. But here are the few things to take note:

1. Opening bank account 

2. Register with Sales and Services Tax (SST) if necessary. The registration of SST is not compulsory unless the business annual sales if more than RM500,000.

3. Register with EPF and Socso if you planning to hire staff for your business

4. Hire a qualified accountant to manage the account when the business starts as the account need to be in proper stage for auditing and taxation purposes. We do offer accounting and consulting service with qualified accountant to assist you and your business. Depending on the Company’s volume of transaction, we offer bookkeeping services either on weekly, monthly, quarterly or yearly basis.

5. To decide on the Company’s fiscal year end

Yes, can. Any person aged above 18 years old can be appointed as director and before a person can be appointed as a director, he must lodge with SSM a statutory declaration (Section 201) declaring that he or she is qualified from being a director due to:-

• Being not an undischarged bankrupt;

• Not been convicted whether within or outside Malaysia of any offence (in connection with the promotion, formation or management of a corporation; involving fraud or dishonesty punishable on conviction with imprisonment for three months of more; or under Section 201 within a period of five years preceding the date of this declaration.

• Not been imprisoned for any offence referred to above within the period of five years immediately preceding the date of this declaration.

In short, a foreigner can be appointed as directors provided he is not disqualified from being a director and has a place of residence within Malaysia (*provide a utility bill or tenancy agreement).