Malaysia Company Formation

Malaysia itself is well located within Asia Pacific and Asean! Malaysia with recent ranking being the top 6th country in the world as the most easiest and friendliness in doing business by World Bank! Malaysia achieves a commendable surge from 23rd  position to 6th position among 189 economies in the latest World Bank Doing Business 2014. This proof Malaysia truly on track on its economy transformation and bale to poise a place of investment welcoming foreigners!

 

Malaysia is ranked number one for Getting Credit, number four for Protecting Investors, number five in Trading Across Borders and is the 6th most competitive among 189 economies in the World Bank Doing Business 2014.

 

Malaysia is a place of growth! A place of stability, affordable living with abundance of business investment opportunities in Malaysia! Malaysia welcomes foreigners! Begin your start-up in Malaysia, a perfect place to spring board of your business to the region!

INCORPORATION OF A COMPANY MALAYSIA UNDER THE COMPANIES ACT 2016

 

Generally, Company Limited by Shares is the most common business vehicle to carry out business in Malaysia which provides limited liability status to its shareholders.

The requirements to form a company are:

  • a minimum paid-up capital of RM1 only
  • a minimum of one (1) subscriber to the share(s) of the company
  • a minimum of one director who are at least 18 years of age and are residing in Malaysia. He/she is not a bankrupt and has not been convicted and imprisoned for a period of past 5 years.
  • a minimum of one Company Secretary (Company Secretary must be a member of any one of the prescribed professional bodies or licensed by the SSM).
  • must have a registered office in Malaysia to which all communications and notices may be addressed. It is normal practice in Malaysia to have the secretarial office as the registered office.