Online New Company Registration & Incorporation

– Company Name
– Director Particulars (copy of NRIC or Passport, Tel number, email)
– Shareholder particulars (copy of NRIC or Passport, Tel number, email)
– Initial paid-up capital (minimum RM1/- only)
– Shareholding structure
– Nature of business
– Local Business address
– proof of address for Director
(utility bill, bank statement)

For new CIMB Bank Account
– authorized signatory
– approval rule

For other Bank Account
– Name and branch of Bank

The main difference is a Company (Sdn Bhd) is a separate legal entity that enjoy benefits of:
– ease of raising fund from investors / shareholders by allocating share capital
– ease of getting credit line facilities from Bank Institution
– limited liability in the case of liquidation (protection to shareholders)
– allow shareholder to sell the successful business through merger & acquisition
– enjoy greater tax benefits and/or tax incentives,
– allow company to apply selected business licenses and tender for government projects

Once all the documents are ready, it normally takes less than 2 working days to incorporate a company in Malaysia. For certain industry, ocassionally the Authority will raise some query, but it should be addressed by our Specialist team immediately. Our record stands at 24 hours and we keep getting better

Under new Companies Act 2016, minimum one director and one shareholder is required. It can be the same person.

Anybody who are at least 18 years of age and are residing in Malaysia. He/she is not a bankrupt and has not been convicted and imprisoned for a period of past 5 years.

A nominee must be a local resident. He/She formally holds a director’s position, without any actual decision-making powers or authority to run the company. His only obligations are to act in the interests of the company and in compliance with the law.

“Yes, you can! A Company in Malaysia can be 100% foreign-owned for a non-restricted industry. However, you will need to appoint a local resident as your nominee director, and also you will need to have a local business address. We will help you with this if you do not have one in Malaysia. In order to open a bank account in Malaysia, we can also help you to get ready all the necessary paperwork with the Bank. You are only required to fly in Malaysia once for bank verification purposes.

For restricted industry such as Water, Telecommunication, Ports, and Energy are subject to 30% Bumiputera equity requirement imposed by the respective industry regulator.”

“It varies depend on the Company’s size and activity. For a small to medium size company, the annual compliance cost ranging between RM3,500 to RM6,000 per year, payable for Accounting, Audit, Tax and Company Secretary services.

In Malaysia, submission of audited report is a statutory requirement under Companies Act. “

Once the Directors have present at the Bank to do verification, it normally takes less than 3 working days to activate the Bank Account. Cheque book will be delivered to the registered business address within 1 week. Online E-Banking service will also take about 7 working days to be activated.

The requirements for registering a company in Malaysia:

• A minimum paid-up capital of RM1.
• At least one director of a minimum age of 18 years old and residing in Malaysia.
• All directors should not be bankrupt nor have been convicted in Malaysia within the last 5 years.
• Appoint a company secretary within 30 days of successful incorporation

Normally it takes between 2-5 working days, but it depends on the company name proposed and SSM approval.

NO. A foreigner cannot open a sole proprietor/partnership in Malaysia and can open Sdn Bhd with a minimum of one director who resides in Malaysia. If you intend to employ foreigners in the company, you should be aware of the requirements for minimum paid-up capital.

The registered office address is the address where the statutory documents of your company are stored. This address is not to be used as a business address for your company.

The proposed company name must NOT be too general, and avoid from using the Gazetted name. Can refer to Guideline for the naming company and contact ST Accounting for advice.

Upon incorporation, you will receive Section 17 Certificate of Incorporation (prev. Form 9), Section 14/ Superform (prev. Form 24, 44 and 49) and Section 15 Notice of Registration from SSM. Please note that all documents are digitally generated from the MYCOID system.

1. Annual Return
   In accordance with Section 68 of The 2016 Act, a company shall lodge with the Registrar an annual return for each calendar year not later than 30 days from the anniversary of its incorporation date.
2. Financial Report
   In accordance with Section 248(1), the Directors of every Company shall prepare financial statements:-

• • with eighteen (18) months from the date of its incorporation; and
  • subsequently, within six (6) months of its financial year end.

Both must be filed to SSM separately according to the time given.

Yes, you can because enterprise and Sdn Bhd are two different entities.

You should inform your company secretary immediately if there are some changes in the company, directors, and shareholders because the company secretary should notify SSM within the time given.

The Malaysia Standard Industrial Classification (MSIC) code is a numeric code developed by the Department of Statistics of Malaysia that classifies business activities in an organised manner.

If you are not sure which MSIC Code is suitable for your business activities, you may seek our team’s advice for more clarification.