MalaysiaGuide to Company Registration in Malaysia for Foreigner in 2024

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  • Company registration in Malaysia for foreigners is a relatively simple process that offers numerous benefits. Foreign investors can establish various business entities, including Sendirian Berhad companies that allow up to 100% foreign ownership. The primary steps include choosing a unique company name, submitting necessary documents to the Malaysian Companies Commission, and finalizing the registration process. Malaysia provides a conducive business environment with low startup costs, affordable rental expenses, and no withholding taxes on dividends paid outside the country. Foreigners looking to register company in Malaysia will find diverse business structures to choose from and supportive regulations that facilitate efficient business operations. 

Options for company registration in Malaysia for foreigners 

Foreign investors can obtain ownership of a company by setting up one of the following foreign company registration options in Malaysia: 

  • Branch office 
  • Representative office 
  • Private limited company 
  • Sole proprietorship 
  • Partnership 
  • Limited liability partnership 

Requirements for company registration in Malaysia for foreigners 

  • At least one director who is at least 18 years old and ordinarily resides in Malaysia by having a principal place of residence in Malaysia (a resident director). 
  • Minimum one member (shareholder) who can be a natural person or corporate body, without residency requirements.  
  • A local company secretary who must meet the qualifications as prescribed in the Companies Act 2016. 
  • A minimum paid-up capital of RM1.00 is required. 
  • Virtual business address is required to complete the registration process. 
  • Resident director Malaysia is a requirement to have in the company if you want to open bank account in any local banks. 

How to proceed for company registration in Malaysia for foreigners? 

Step 1: Name search and reservation 

  • Tetra Consultants will firstly proceed with name reservation services, ensuring the proposed company name is unique and complies with the requirements of the Companies Act of Malaysia. We will check the availability of the name, making sure it does not contain any offensive terms or infringe on intellectual property rights. Our team will reserve the chosen name and guide you through the process, ensuring the necessary incorporation papers are submitted to SSM within three months from the name approval date.  

Step 2: Submission of application for incorporation 

  • Once the name registration is completed, we will proceed to work on the application for company registration. This involves providing the necessary incorporation details, including information about the directors, shareholders or members, and the intended business activities. Additionally, we will ensure the applicant provides the company’s address. 

Step 3: Filling of declaration 

  • Further, Tetra Consultants will proceed to work on the filing of the declaration for company registration in Malaysia. This step involves providing a declaration that verifies the accuracy of the information submitted in the application, as attested by the applicant’s knowledge. Our experts will guide you through the process, ensuring all details are meticulously reviewed and declared accurately for a seamless registration process. 

Step 4: Notice of registration 

  • Further, proceeding with the procedure, our experts will handle the review and verification of your application by the SSM, ensuring there are no inconsistencies. If your application is in order, a registration notice will be sent, allowing you to move forward with your business plans. 
  • We provide comprehensive business services, including offshore company incorporation services, ensuring you receive tailored support throughout your business setup journey. 

Step 5: Obtaining certificate of incorporation 

  • Once all required procedures are followed and the necessary documents are properly attested and submitted with the applicable fee, the SSM will issue a Certificate of Incorporation. Tetra Consultants will facilitate this process efficiently for you. Following incorporation, we guide you through obtaining the necessary licenses, permits, and approvals from relevant authorities to commence your business as outlined in the Memorandum of Association. Our experts streamline these critical steps, ensuring your company can operate legally and confidently in Malaysia’s market.  

Step 6: Business bank account opening 

  • Once your business is incorporated, Tetra Consultants will assist you with corporate bank account opening services. We work closely with reputable banks to ensure you receive a business bank account within 4 weeks of incorporation. Our experts manage the entire process, from documentation to coordination, to provide you with seamless and efficient banking solutions for your new company. 

Conclusion 

  • Tetra Consultants is your trusted partner for company registration in Malaysia for foreigners. We offer a comprehensive suite of services to streamline your business setup, from name reservation to incorporation and obtaining necessary licenses. Our experts handle all the paperwork and guide you through each step, ensuring your business complies with local regulations. We also assist with opening corporate bank accounts and providing ongoing support for your business needs. With our deep knowledge of Malaysia’s business landscape, we facilitate a smooth and efficient setup, allowing you to focus on growing your business in this vibrant market. 
  • Contact us to know more about company registration in Malaysia for foreigners and our team will revert back in 24 hours.  

Tetra Consultants

Tetra Consultants is the consulting firm that works as your advisor and trusted partner in your business expansion. We tell our clients what they need to know, instead of what they want to hear. Most importantly, we are known for being a one-stop solution for our valued clients. Contact us now at enquiry@tetraconsultants.com for a non-obligatory free consultation. Our team of experts will be in touch with you within the next 24 hours.

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