Guidelines For Company Registration in Malaysia for Foreigner

Company registration in Malaysia for foreigner is quite straightforward and easy. The organisations that are registered as private limited or public limited companies come with the suffix in the name of berhad. If your organisation is registered as a private limited company in Malaysia then the company would come with the suffix sendirian berhad. Therefore, if an applicant looks forward to going for the process of company registration in Malaysia for foreigner, the documents with the prescribed procedure needs to be considered.

Before proceeding with the procedure of new company registration Malaysia, the applicant needs to consider all the requirements to remain in compliance with the local law of Malaysia. The primary law that regulates company registration processes in Malaysia is the Companies Act 2016.

Regulatory body for company registration in Malaysia

The main regulatory authority for registration of a company in Malaysia is the SSM. This happens to be the nodal agency acknowledged as the companies commission of Malaysia. Other than this, the law that regulates companies within Malaysia is the Companies Act 2016.

What are the chosen Industries to begin business in Malaysia?

For registering your company in Malaysia, the subsequent sectors are thriving. Therefore, there will be lots of local government support for the areas to flourish. These are the preferred industries and areas to start your business.

● Agriculture

● Oil petroleum and gas

● Ticketing and tourism outbound

● Banking and finance

● Education

How can a foreign company go for company registration in Malaysia for foreigner?

An applicant can choose to add a new entity in Malaysia or go for the procedure of registering a new foreign company in Malaysia. Therefore, the two procedures can be used by an application for incorporating their business in Malaysia. These are the methods that needs to be registered with the SSM.

● New company registration Malaysia with the companies commission of Malaysia

● Registering a foreign organisation in Malaysia with SSM

Different types of company registration process in Malaysia

● A company limited by shares: A Company with the share capital can be added either as a private company or identified through the terms sendirian berhad.

● Private limited company: Generally a private limited company is formed with a restricted amount of capital. There happens to be a minimum number of subscribers within the company. The organisation needs to be formed with the objective of carrying out lawful and regulatory business. Such organisations are not eligible to list their shares within the stock exchange.

● Public limited company: A public limited organisation is formed with the objective of inviting shares from the public authority. There are several shareholders and directors within a public limited company.

● Unlimited company: An unlimited company can also be registered either as a private company or a public company. For an unlimited organisation, the liability of the members need to be stated within the memorandum of association as unlimited.

Registering your company as a foreigner in Malaysia comes with lots of benefits as well. You get low rental rates, government incentives with no tax restrictions and withholding taxes. If you wish to incorporate your company in Malaysia, the process is similar to that of the company registration for the residents, except for there are some rules and step-by-step procedures that are to be carried out for company registration in Malaysia for foreigner. Name search, name reservation, company incorporation declaration, payment, notice of registration, and the certificate of incorporation marks the journey of the company registration process in Malaysia. Any kind of entity can use the process associated with the company registration. This is also applicable for all individuals and companies.