Registering a business in Malaysia is an excellent way to gain access to both the Malaysian market, as well as the lucrative markets of its neighbours in south east asia, such as Singapore, Thailand and Indonesia. Investors who may be considering registering a business in Malaysia, should take note of the following:

When registering a business in Malaysia, investors should budget up to US$10,250 to complete all Malaysia business registration 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.

When registering a business in Malaysia, a minimum of two shareholders and two directors is required. Both directors must be resident in Malaysia although they may be of any nationality. Corporate directors however are not permitted. After registering a business in Malaysia, 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.

Registering a business in Malaysia is cost effective because of reasonable government fees and a low minimum capital requirement of RM2.

To support investors who are registering a business in Malaysia, Healy Consultants opens a local multi currency corporate bank account from a leading retail bank in Malaysia such as HSBC, Standard Chartered and Citibank.

After registering 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.

Following business registration in Malaysia, Healy Consultants provides our clients with Malaysia virtual office services. In addition, Healy Consultants provides a local business address in Malaysia for invoicing, as well as telephone, fax and email support.

Following the registering of a business in Malaysia, many clients request Healy Consultants' assistance in obtaining corporate finance or trade finance and in opening merchant accounts.