Foreign Company Registration in Malaysia

A foreigner can register a company in Malaysia with 100% foreign ownership. This is called Sdn Bhd. To have full foreign ownership, the company must be in certain sectors as dictated by the government.  Below are some of the sectors in which the Malaysian government is trying to encourage foreign investment.

• Education
• Agriculture
• Banking and Finance
• Oil and Gas Petroleum,
• Tourism Outbound and Ticketing

Registration Guideline of Malaysia Foreign Company

Name Application: At this stage, business owners must verify the name of the proposed company. The module in question is module 13A. The registration form of the company in Malaysia must be requested by the SSM, compiled and sent to SSM.

Company Registration: This step begins after approval of the company name, which means it is available for use. Business owners must apply for the SSM registration form from Malaysia, fill in and fill in with other legal documents necessary for submission to SSM.

Documents Requirements

• The certificate of registration or incorporation of the business.
• Copy of the Articles of Association, or the Articles of Association of the Company
• Form 80, Form 79
• Memorandum of Authorization Authorizing Officer who resides in Malaysia
• Additional legal documents, including: (1) a copy of Form 13A (2) a copy of the letter justifying the approval of the company's name.

Time for Company Incorporation

Most companies believe that the whole process, from signing documents to filing for registration, takes about five or ten days. Sometimes the time may vary depending on the type of company and document preparation.

Conclusion

Malaysia is similar to most countries. Registration fees, office rent, local wages, and initial costs are lower than in Singapore and other Asian countries. Malaysia only allows one shareholder, director, and secretary. Anonymous ownership can be achieved through the use of managers and stakeholders. Transparent companies can be purchased for immediate installation. Malaysian companies use online registration system.