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Malaysia Company Establishment

Updated:2018-5-15 14:21:05    Source:www.tannet-group.comViews:501

Malaysia company establishment also refer to Malaysia company registration. Malaysia is situated in Southeast Asia, which is located between the Pacific and Indian Ocean. Malaysia population stood at 28.7 million at the end of July 2011, with Chinese population of 6.72 million. Malaysia is a prosperous market with stable political, economic and trade environment, improved infrastructure, medical equipment and educational facilities, high living of standard, low unemployment and low cost of living. In recent years, Malaysia has maintained a favorable economic and trade environment with China to allow rapid growth momentum. 

I. Types of Malaysia company
Malaysia company registration is divided into 2 types: Local companies and Labuan offshore companies. Local companies in Malaysia exist in entity form, in which investors can choose between field operation and virtual office. In addition, Malaysia Labuan offshore company has a flat tax rate system (refer to user manual of “Tannet Group Labuan Offshore Company Registration”).

II. Malaysia Company Name
Malaysia Company can be registered in English or Malay, usually ends with “SDN. BHD”. SDN is the abbreviation for Sendirian, meaning private whereas BHD is the abbreviation for Berhad, meaning limited. SDN. BHD refers to “Private Limited” whereas Berhad generally refers to “Public Limited Company”. In Malaysia, companies are generally registered in the form of enterprise, partnership or private limited company. Private limited company is the most common form among all, for instance, TANNET (MALAYSIA) SDN. BHD.

 
III. Authorized capital
A private limited company in Malaysia must have a minimum authorized capital and paid-up capital of RM100, 000 and RM2 respectively. Paid-up capital may differ with scope of business, therefore entrepreneurs can place the paid-up capital in phases based on actual operating conditions.

IV. Appointment of shareholders and directors
Each company must provide two (2) or more shareholders; shareholders can be the directors at the same time. Shareholders do not have nationality restrictions; each company must have a minimum of two (2) directors, being a natural person with their principal place of residence in Malaysia or foreigners who hold a visa in Malaysia for more than 6 months. TANNET can assist on coordination and provide local directors if necessary, specifically Chinese directors with good financial position and professionals.

V. Documents required for Malaysia company formation
English name of the Malaysia Company, personal data of all the shareholders and directors (Identification card or passport and address), authorized capital and the shares allocation, articles of association, purpose of company formation and main projects. (All documents must be translated in English or Malay)

VI. Registration procedure
Filling the application form → sign an agreement → make the payment → company name search → signing of documents at Malaysia → complete the procedure at government departments → receive full set company information → opening of company bank account

VII. Timeline
When the required documents are ready, it would take approximately 20 working days to complete the registration procedures of the Malaysia Company. If the applicant can come directly to Malaysia to complete the registration procedure, it would only take 7 working days.

VIII. Service contents
One set of certificate, seal, three articles of association, appointment document of shareholders and directors.

IX.Service fees and payment method
Full payment in advance by Cash, cash transfer, telegraphic transfer, cheque and bank draft to the TANNET stated bank accounts in Malaysia, Hong Kong and China.

X. Opening of corporate bank account
Bank account can only be done after the completion of company registration. Malaysia private limited company can open a bank account at certain banks, for examples, OCBC Bank and ICBC Bank. TANNET has an unique advantage in opening bank account for our clients, which includes recommendation for bank, preparation of account opening documents, preparing meeting report and application letter for bank account opening, arranging introducer and follows-up services. Bank account opening requires RM5000 whereas private account opening depends on the bank condition and requires RM3000.

XI. Company Secretarial services
TANNET can provide Malaysia Company with operating address, registered address, receiving call, and fax and mail services.

XII. Annual filling requirements
Every company must update the company details and submitting annual tax filing to the government before the deadline. All Malaysia Company which includes dormant company must prepare the company account. TANNET can provide our clients with accounting and tax services and charge accordingly.

XIII. Working permit
The authorized and paid up capital of Malaysia Company must be at least 1 million ringgit for those company who want to apply working permit for foreign workers. TANNET can assist our clients to apply for the working permit.

XIV. Our Commitment
TANNET ensure all the documents and certificates given to our clients are authenticated by professional lawyers in China, Hong Kong and United States. If any fault occurred, TANNET shall bear all the legal responsibilities and make double compensation to our clients. Our 24 hours hotline: Hong Kong 852-6227 6736, Shenzhen 86-755-8214 3966, Malaysia 603-2141 8908.

XV. Registered Malaysia Labuan offshore company – Our strength
1. TANNET had established global service platform to serve entrepreneurs globally
2. Fast Respond Team, 24 hours service
3. Strong commercial service centers, matching platform services, procurement services
4. Domain name registration, designing of China webpage
5. Provide service platform for SMEs to establish a logistics and information center
6. Strong financial team to provide financial solutions
7. 13 years of experiences, 30, 000 of success stories
8. Our reputation: Brand, Appearance, Character, Quality, Grade

XVI. Contact us
For any enquries, please do not hesitate to contact us,  Malaysia hotline:603-2141 8908,Fax:603-21418909; Hong Kong hotline: 852-27826888, Fax: 852-34262391; China hotline: 86-755-82143181, Fax: 86-755-82143182; Email: mytannet@gmail.com (Malaysia), mailtannet@21cn.com, or visit Group website: www.tannet-group.net, www.china-malaysiatrading.com.

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