Company registration in Malaysia

Post-incorporation and compliance

Incorporation is merely the first step in your corporate journey, and several critical tasks remain. You cannot execute commercial contracts or commence trading activities without fulfilling these subsequent obligations. We guide our clients through these essential next steps to ensure rapid operational readiness.

Securing a reliable corporate bank account is typically the immediate priority for newly formed companies. Financial institutions require your new registration number and a rigorous review of your corporate documents. Our banking specialists leverage established institutional relationships to streamline this notoriously complex process.

Corporate tax registration is another immediate and mandatory compliance obligation. Your company must register with the Inland Revenue Board (LHDN) to obtain a Tax Identification Number (TIN). This specific number is strictly required for all subsequent corporate income tax reporting and annual filings. Companies must also pay corporate tax, SST, and employment contributions as part of their financial obligations.

If you intend to hire staff, employee registration with statutory bodies like EPF and SOCSO is mandatory. Finally, acquiring necessary sector-specific licenses is essential before commencing commercial operations. We identify every single permit necessary, such as those required for payment service providers, guaranteeing your market entry remains uninterrupted. Employment Pass applications must be made by foreign founders seeking to reside and work in Malaysia.

Global company formation with LegalBison

Expanding your corporate footprint across borders requires a partner with true international expertise. We understand how a specific entity fits into your broader multinational corporate architecture. Our team seamlessly bridges Malaysian regulatory requirements with your broader global corporate FinTech strategy.

We do not believe in fragmented consulting that ignores the bigger picture of your enterprise. Our global company formation services ensure that all your international entities interact efficiently. We align your Southeast Asian operations with your existing European or offshore structures.

By acting as your central regulatory architect, we eliminate the friction of dealing with multiple foreign service providers. You receive consistent and premium advisory services regardless of the jurisdiction in question. This allows you to focus entirely on scaling your technology and acquiring new customers.

Company registration in Malaysia with LegalBison

Company registration in Malaysia is the essential first step for entrepreneurs and investors aiming to establish a business presence in this dynamic Southeast Asian market. The company registration process is overseen by the Companies Commission of Malaysia, also known as Suruhanjaya Syarikat Malaysia (SSM). To successfully register a company, applicants must meet several basic requirements, including selecting a unique company name that adheres to SSM’s naming guidelines and preparing all necessary documents required for submission.

Malaysia offers a highly attractive environment for business, thanks to its strategic location in Southeast Asia, robust infrastructure, and a range of tax incentives designed to encourage foreign investment. The registration process is streamlined and digitalized, making it accessible for both local and international entrepreneurs. Understanding the documents required and the steps involved in the company registration process is crucial for ensuring a smooth and compliant business registration experience with the Companies Commission of Malaysia.

Benefits of registering a business in Malaysia

Registering a company in Malaysia unlocks numerous benefits for business owners. One of the primary advantages is limited liability protection, which safeguards personal assets from business risks. A registered company also gains access to essential business licenses, enabling participation in a wide range of business activities and domestic trade. The Malaysian government offers attractive tax incentives to encourage business growth and foreign investment, making the country a competitive choice for entrepreneurs.

Additionally, company registration enhances your business’s credibility with customers, partners, and investors, opening doors to new opportunities and markets. The Companies Commission of Malaysia (SSM) ensures that all registered companies comply with local regulations, providing a stable and transparent business environment. With a registered entity, you can submit applications for various permits and licenses, expand your operations, and fully leverage the benefits of doing business in Malaysia.

Registered office and business address

A registered office address is a mandatory requirement for company registration in Malaysia. This address serves as the official location for receiving legal notices, government correspondence, and statutory documents. While the registered office address is essential for compliance, your business address, where daily business activities are conducted, can be different if needed.

It is important to ensure that both the registered office address and business address comply with the regulations set by Suruhanjaya Syarikat Malaysia (SSM). Engaging a local company secretary is highly recommended, as they can assist with the registration process, maintain statutory records, and ensure that your company meets all legal obligations regarding its registered office and business address.

Minimum paid up capital and paid up capital

For a Sendirian Berhad (Sdn Bhd) company in Malaysia, the minimum paid up capital required is RM1. However, depending on the nature of your business activities and operational needs, you may choose to set a higher paid up capital to support your company’s growth and cover initial expenses. Paid up capital represents the funds that shareholders have invested in the company and is a key consideration during the company registration process.

Having adequate paid up capital is important not only for meeting regulatory requirements but also for ensuring your business can manage its operational costs and demonstrate financial stability. A company secretary can provide valuable guidance on determining the appropriate minimum paid up capital and assist with all aspects of the registration process to ensure compliance with Malaysian regulations.

Role of directors and shareholders

Every Sdn Bhd company in Malaysia must appoint at least one director who is a resident of Malaysia. Directors and shareholders are central to the company registration process, with directors responsible for the management and statutory compliance of the company. The company director must sign a statutory declaration confirming their eligibility and commitment to upholding the requirements set by Suruhanjaya Syarikat Malaysia (SSM).

Shareholders, as the owners of the company, have a direct influence on major business decisions and the overall direction of the company. Ensuring that both directors and shareholders meet all legal requirements is essential for a smooth registration process. A local company secretary plays a crucial role in guiding you through the process, preparing the necessary documents, and ensuring that your company’s directors and shareholders are fully compliant with Malaysian company law.