Successful Case Study of Malaysia Company Setup
A renowned European fashion brand establish its presence in Southeast Asia, identifying Malaysia as the ideal entry point due to its growing middle class and fashion-forward consumers. They approached Tetra Consultants for expert assistance, and we provided a comprehensive suite of business services. This included helping them to register company in Malaysia, ensuring compliance with local regulations, and facilitating the setup of their corporate structure. Additionally, we assisted with market research, site selection for flagship stores, and developing a tailored marketing strategy to attract the Malaysian consumer base. Our support enabled the fashion brand to seamlessly navigate the complexities of the Malaysian market, laying a strong foundation for their expansion into Southeast Asia.
Firstly, our experts explored various business structure options for the client’s expansion into Malaysia, including Private Limited Company (Sdn Bhd), partnership, and sole trader. The clients wanted a company with a basic structure that offered limited liability, greater access to capital, and an enhanced corporate image. After thorough discussions and comprehensive due diligence, we recommended they opt for the Private Limited Company (Sdn Bhd) structure. This option was identified as the most viable to support their business objectives and facilitate their growth strategy in Malaysia’s competitive market.
Tetra Consultants facilitated the clients with the registration of an account on the MyCoID, guiding them through the process with clarity and precision. Subsequently, we ensured the account’s activation by assisting the clients in validating it at the nearest Companies Commission of Malaysia (SSM) counter, thus initiating the official registration procedure. Upon receiving login credentials via email, Tetra Consultants directed the clients to log in to the MyCoID.
Moreover, we assisted the clients in proposing three company names, providing name reservation services to ensure availability and compliance with Malaysian regulations. Tetra Consultants then guided the clients through the completion of the Super Form, providing detailed explanations as needed to ensure compliance with regulatory standards. The Super Form is a complex document that required professional assistance. Tetra Consultants helped the clients complete it, offering detailed explanations where necessary to ensure compliance with regulatory standards. In addition to these services, we also facilitated international trademark registration to safeguard their brand globally, ensuring comprehensive protection for their intellectual property rights across international markets.
Additionally, Tetra Consultants advised the clients on selecting a suitable business code and accurately inputting details of director(s) and shareholder(s) into the MyCoID. Following thorough review and verification, we submitted the application on behalf of the clients and guided them through the payment of the registration fee on the transaction page. Along with the submission of application we adhered to all the requirements of the Private Limited Company (Sdn Bhd) which included:
- The company to appoint at least one director who meets specific criteria: they must be at least 18 years old, reside in Malaysia, have no recent criminal convictions, and not be bankrupt.
- A minimum of one shareholder is necessary for company formation without residency requirements, with no maximum limit on the number of shareholders allowed.
- Appointment of a company secretary is mandatory, who must be a member of a prescribed professional body or licensed by the Companies Commission of Malaysia (SSM).
- The minimum paid-up capital required for a Private Limited Company (Sdn Bhd) in Malaysia is RM1, enabling businesses to start with minimal financial commitment.
- The company to have a registered office in Malaysia to receive all official communications and notices. Typically, the secretarial office serves as the registered office, ensuring compliance with regulatory requirements.
For adhering to all the requirements, we provided resident director in Malaysia through which our clients were facilitated with a nominee director who ordinarily resides in Malaysia.
Upon successful submission, Tetra Consultants assisted the clients in promptly settling all fees to expedite the registration process. Subsequently, upon receipt of the Notice of Registration, we facilitated the corporate bank account opening with CIMB Bank Berhad and Citibank Berhad, leveraging our network of banking partners to ensure efficient account setup within 4 weeks of incorporation. Through our comprehensive support and expertise, Tetra Consultants enabled the clients to navigate the company registration process seamlessly, laying a solid foundation for their business endeavors in Malaysia.
Thus, in just 7 days, Tetra Consultants facilitated the seamless registration of a fashion brand as a Private Limited Company (Sdn Bhd) in Malaysia. Leveraging our expertise and efficient processes, we ensured compliance with regulatory requirements, enabling swift incorporation. Furthermore, our corporate bank account opening services expedited the establishment of a functional bank account within 4 weeks post-incorporation. Thus, within 5 weeks, we delivered a fully operational company to our clients. This streamlined approach underscores our commitment to providing comprehensive and expedited solutions, empowering businesses to quickly establish their presence and embark on their growth journey in Malaysia’s dynamic market.
Contact us to know more about how you can register company in Malaysia and our team will revert back in 24 hours.