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Malaysia Corporate Formation

Malaysia Company Formation

Update Date:2018-4-23 17:06:26     Source:www.3737580.com     Views:2103

Malaysia Business Start-up Service
Hotline: 86-755-82143348, Email:
anitayao@citilinkia.com

Malaysia Corporate Formation can be divided into onshore and Labuan offshore company. ATAHK provides the following instructions to allow all investors to have a better understanding on Malaysia’s investment environment and procedures of Malaysia corporate formation .

 

Malaysia Corporate Formation - Types of Malaysia Company

Malaysia Corporate formation is divided into 2 types: Local companies and Labuan offshore companies. Local companies in Malaysia exist in entity form, in which investors can choose between field operation and virtual office. In contrast, Labuan company formation has a flat tax rate system.

 

Malaysia Corporate Formation - Malaysia Company Name

Malaysia Corporate Formation can be registered  Malaysia company name in English or Malay, usually ends with “SDN. BHD”. SDN is the abbreviation for Sendirian, meaning private whereas BHD is the abbreviation for Berhad, meaning limited. SDN. BHD refers to “Private Limited” whereas Berhad generally refers to “Public Limited Company”. In Malaysia, companies are generally registered in the form of enterprise, partnership or private limited company. Private limited company is the most common form among all, for instance, ATAHK (MALAYSIA) SDN. BHD. 

 

Malaysia Corporate Formation - Authorized capital

A private limited company in Malaysia must have a minimum authorized capital and paid-up capital of RM400, 000 and RM2 respectively. Paid-up capital may differ with scope of business, therefore entrepreneurs can place the paid-up capital in phases based on actual operating conditions.

Malaysia Corporate Formation-Appointment of shareholders and directors

Each company must provide two (2) or more shareholders; shareholders can be the directors at the same time. Shareholders do not have nationality restrictions; each company must have a minimum of two (2) directors, being a natural person with their principal place of residence in Malaysia or foreigners who hold a visa in Malaysia for more than 6 months. ATAHK can assist on coordination and provide local directors if necessary, specifically Chinese directors with good financial position and professionals.

 

Malaysia Corporate Formation - Required Documents

English name of the Malaysia Company, personal data of all the shareholders and directors (Identification card or passport and address), authorized capital and the shares allocation, articles of association, purpose of company formation and main projects. (All documents must be translated in English or Malay)

 

Malaysia Corporate Formation - Procedure

Filling the application form → sign an agreement → make the payment → company name search → signing of documents at Malaysia → complete the procedure at government departments → receive full set company information → opening of company bank account

 

Malaysia Corporate Formation - Timeline

When the required documents are ready, it would take approximately 20 working days to complete the registration procedures of the Malaysia Company. If the applicant can come directly to Malaysia to complete the registration procedure, it would only take 7 working days.

 

Malaysia Corporate Formation - Service contents

One set of certificate, seal, three articles of association, appointment document of shareholders and directors.

 

Malaysia Corporate Formation - Service fees and payment method

Full payment in advance by Cash, cash transfer, telegraphic transfer, cheque and bank draft to the ATAHK stated bank accounts in Malaysia, Hong Kong and China.

 

Malaysia Corporate Formation - Corporate Bank Account Opening

Bank account opening can only be done after the completion of company registration. Malaysia private limited company can open a bank account at certain banks, for examples, OCBC Bank and ICBC Bank. ATAHK has an unique advantage in opening bank account for our clients, which includes recommendation for bank, preparation of account opening documents, preparing meeting report and application letter for bank account opening, arranging introducer and follows-up services. Bank account opening requires RM5000 whereas private account opening depends on the bank condition and requires RM3000.

 

Malaysia Corporate Formation - Company Secretarial services

ATAHK can provide Malaysia Company with operating address, registered address, receiving call, and fax and mail services.

 

Malaysia Corporate Formation - Annual filling requirements

Every company must update the company details and submitting annual tax filing to the government before the deadline. All Malaysia Company which includes dormant company must prepare the company account. ATAHK can provide our clients with accounting and tax services and charge accordingly.

 

Malaysia Corporate Formation - Working permit

The authorized and paid up capital of Malaysia Company must be at least 1 million ringgit for those company who want to apply working permit for foreign workers. ATAHK can assist our clients to apply for the working permit.

 

Malaysia Corporate Formation - Our Commitment

ATAHK ensure all the documents and certificates given to our clients are authenticated by professional lawyers in China, Hong Kong and United States. If any fault occurred, ATAHK shall bear all the legal responsibilities and make double compensation to our clients. Our 24 hours hotline: Malaysia 603-2141 8908, Hong Kong 852-6227 6736, Shenzhen 86-755-8214 3966.

 

Contact us

For any enquries, please do not hesitate to contact us,  Malaysia hotline:603-2141 8908,Fax:603-21418909; Hong Kong hotline: 852-27826888, Fax: 852-34262391; China hotline: 86-755-82143181, Fax: 86-755-82143182; Email: tannetcom88@gmail.com (Malaysia), Group website:www.3737580.net

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