advantages of company formation in Malaysia

In 2007, Malaysia was the 3rd largest economy in South East Asia and 28th largest economy in the world. Manufacturing has a large influence in the country’s economy. Malaysia is the world’s largest Islamic banking and financial centre and one of the world’s largest exporters of semiconductor components and devices, electrical goods, solar panels, and information and communication technology (ICT) products. Following are the advantages of company formation in Malaysia.

  • It has a stable economy, which means lesser risk for overseas entrepreneurs and investors in Malaysia

  • It has a highly educated workforce

  • The Malaysian government is quite pro-active in its approach towards converting Malaysia to a highly developed economy. They are constantly looking for ways to make the country more attractive for foreign businesses and at the same time trying to convert local businesses into excellent companies. It has a healthy mixture of foreign-owned companies and competitive local companies

  • Constantly strive to improve infrastructure with an abundance of natural resources together with an excellent transportation system

  • Low-cost business environment, high skill levels and the lifestyle, climate, educational opportunities and availability of a pool of multilingual professionals competent in English and the major Asian languages

  • Malaysia has also introduced special taxation and financial incentives to encourage foreign investment and in particular investments into research and development and promoted activities related to industrial technology.

requirment to open a company

BASIC REQUIRMENTS

  • Minimum 2 Shareholders and 2 directors are required
  • Minimum 1 director must be local Malaysian resident
  • Minimum Share Capital of MYR 100000 is required to form a company
  • Registered Office Address
  • A Company Secretary (if the person is an individual then he/she must reside in Malaysia and if the person is a body corporate then it must have its registered office or place of business in Malaysia)

DOCUMENTS REQUIRED

  • Completed and Signed Application Form
  • Original copies of the Articles and Memorandum of Association
  • Shareholding Pattern of each shareholder
  • Passport Copies of Shareholders, directors & Company Secretary
  • Original Copies of Declaration of Compliance
  • Original Copies of Statutory Declaration by director
  • Any other documents may be required at the time of incorporation

OUR SERVICES

  • Preparing relevant incorporation documents
  • Registration of Statutes with the authorities
  • Commercial Registration
  • Assistance in bank account opening
  • Provision of Registered Office Address
  • Provision for Local Nominee Director
  • Provision of Company Secretary for the first year

TIME PERIOD

It takes approximately 15 days to set up a company in Malaysia.

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