Business Formation in Malaysia |
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Starting a business in Malaysia is achieved in a total of eight weeks, from initial Malaysia company application to receipt of all bank account material (including PINs/passwords etc). The following is an overview of the challenges and advantages of Malaysia business set up,as well as our capabilities: |
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| 1. | Business formation in Malaysia is cost effective because of reasonable government fees and a low minimum capital requirement of RM2. |
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| 2. | When starting a business in Malaysia, a minimum of 2 shareholders and 2 directors is required. Both directors must be resident in Malaysia but can be of any nationality. Corporate directors are not permitted. Following Malaysia business set up, a register of directors is kept at the company's registered office and is available for public inspection. In addition, a Malaysian company is required to have a Malaysia-resident company secretary. |
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| 3. | When starting a business in Malaysia, investors should budget up to US$10,250 to complete all Malaysia business set up procedures. This fee includes i) company formation ii) the provision of two Malaysia resident directors (to fulfill statutory requirements) as well as refundable deposits iii) assistance to open a Malaysia corporate bank account iv) the use of Healy Consultants' address in Malaysia for invoicing purposes v) application for goods and sales tax (GST) registration/exemption (if required) and vi) obtaining foreign investment approval from the Foreign Investment Committee. |
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| 4. | To support Malaysia business set up, Healy Consultants opens a local multi currency corporate bank account from a leading retail bank in Malaysia such as HSBC, Standard Chartered and Citibank. |
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| 5. | To support business formation in Malaysia, Healy Consultants helps obtain Malaysia residence and employment visas for our clients. |
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| 6. | After starting a business in Malaysia, we assist clients to submit annual audited financial statements and tax returns to the Companies Commission of Malaysia (CCM). In addition, because a Malaysian LLC must appoint an approved auditor to be the company auditor in Malaysia, Healy Consultants will assist in providing a suitable auditor to fulfill this role. |
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| 7. | Following Malaysia business set up, Healy Consultants builds website's and launches search engine advertising and optimisation campaigns, as well as stationery and logo design. |
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| 8. | Following business formation in Malaysia, Healy Consultants provides Malaysia virtual office services. To support Malaysia business set up, Healy Consultants provides a local business address in Malaysia for invoicing, as well as telephone, fax and email support. |
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| 9. | Having completed business formation in Malaysia, Healy Consultants assists clients to obtain corporate finance, trade finance and open merchant accounts. |
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| 10. | Following Malaysia business start up, Healy Consultants receives client feedback on the Malaysia business set up engagement. |
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| Contact Us | |||||||||||||||||
For additional information on starting a business in Malaysia or our range of Malaysia business set up services, email email@healyconsultants.com or telephone Healy Consultants at (+65) 6735 0120. |
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Back to Malaysia Company Formation page. |
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Buy Healy Consultants' Asia Business Set Up book, to order call +65 6735 0120 or e-mail email@healyconsultants.com
