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    Company Registration in Various Countries

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    Under Malaysian law, foreigners can register a private limited company called a Sendirian Berhad (Sdn Bhd) with a minimum paid-up capital of RM500,000. Certain business types like retail and wholesale require approval from the Ministry of Consumerism and Trade to ensure only "unique" businesses are granted to protect local opportunities. Company registration procedures involve reserving a company name, submitting incorporation information online, and paying registration fees of RM1,000 for companies limited by shares or RM3,000 for companies limited by guarantee. A Sdn Bhd is the most common registration type, allowing sole directorship and ownership with advantages of low cost and flexibility, but limitations on expanding beyond 50 shareholders.

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    Company Registration in Various Countries

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    Under Malaysian law, foreigners can register a private limited company called a Sendirian Berhad (Sdn Bhd) with a minimum paid-up capital of RM500,000. Certain business types like retail and wholesale require approval from the Ministry of Consumerism and Trade to ensure only "unique" businesses are granted to protect local opportunities. Company registration procedures involve reserving a company name, submitting incorporation information online, and paying registration fees of RM1,000 for companies limited by shares or RM3,000 for companies limited by guarantee. A Sdn Bhd is the most common registration type, allowing sole directorship and ownership with advantages of low cost and flexibility, but limitations on expanding beyond 50 shareholders.

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    Under Malaysian law, foreigners can register a private limited company called a Sendirian Berhad (Sdn Bhd) with a minimum paid-up capital of RM500,000. Certain business types like retail and wholesale require approval from the Ministry of Consumerism and Trade to ensure only "unique" businesses are granted to protect local opportunities. Company registration procedures involve reserving a company name, submitting incorporation information online, and paying registration fees of RM1,000 for companies limited by shares or RM3,000 for companies limited by guarantee. A Sdn Bhd is the most common registration type, allowing sole directorship and ownership with advantages of low cost and flexibility, but limitations on expanding beyond 50 shareholders.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    18 views3 pages

    Company Registration in Various Countries

    Uploaded by

    SS
    Under Malaysian law, foreigners can register a private limited company called a Sendirian Berhad (Sdn Bhd) with a minimum paid-up capital of RM500,000. Certain business types like retail and wholesale require approval from the Ministry of Consumerism and Trade to ensure only "unique" businesses are granted to protect local opportunities. Company registration procedures involve reserving a company name, submitting incorporation information online, and paying registration fees of RM1,000 for companies limited by shares or RM3,000 for companies limited by guarantee. A Sdn Bhd is the most common registration type, allowing sole directorship and ownership with advantages of low cost and flexibility, but limitations on expanding beyond 50 shareholders.

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    Company registration in various countries – Vietnam, Malaysia, Sri Lanka, Oman, South Korea

    https://www.ssm.com.my/Pages/Home.aspx

    Under the Company Commission of Malaysia (CCM), all


    foreigners only are allowed to register a private limited by shares
    (Sendirian Berhad- “Sdn Bhd”) company in Malaysia.
    with a minimum RM500,000 paid-up capital depends on the
    nature of business.  For retail, wholesale and distributive business
    natures, the 100% foreign ownership Sdn Bhd Company will be
    subjected to Ministry of Consumerism and Trade and only
    “unique” (businesses that local Malaysians do not have the
    knowledge or skills) business will be granted, this is to protect
    Malaysians opportunities and competitions. 

    Incorporation of Company under the Companies Act


    2016

    Company Type

    1. Company limited by shares


    2. Company limited by guarantee
    3. Company unlimited

    Company Features

    1. Company shall have name;


    2. One or more members;
    3. In the case of a limited company with shares, one or more shares; and
    4. One or more directors

    Requirements for Company Incorporation


    The incorporation of companies under the Companies Act 2016 may be made by individuals who
    intend to form a company. The basic requirements are:

    1. Private company - at least one (1) director who ordinarily resides in Malaysia by having a
    principal place of residence in Malaysia and one (1) promoter; or
    2. Public company - at least two directors who ordinarily reside in Malaysia by having a principal
    place of residence in Malaysia and minimum one promoter.

    Company Incorporation Procedures

    1. Requirement for approval of company name from SSM.


    2. The company's incorporation application is online using one of the two (2) incorporation
    methods:
    a. Direct incorporation – combination of name reservation and incorporation process; or
    b. Name reservation - submitting the incorporation application within 30 days or such
    longer period as the Registrar may allow (maximum of 180 days) after the name is
    approved.
    3. Incorporation information that needs to be completed is as follows
    a. The proposed company name
    b. The status of a private or public company
    c. The proposed type of business
    d. The address of registered office
    e. The business address
    f. Complete details of directors(s) and promoter(s)
    g. Declaration from directors(s) and promoter(s)
    h. Declaration of compliance from individuals responsible for incorporation
    i. Additional Documents (if any)
    4. Please click here  to incorporate a local company

    Registration fee

    1. Company limited by shares of RM1,000


    2. Company limited by guarantee of RM3,000

    Note:

    1. Only registration notice will be issued.


    2. A certificate of incorporation will only be issued upon application made with the prescribed
    fee.
    3. Company secretary must be appointed within 30 days after the incorporation of the company.
    4. Company's constitution is a non-mandatory option for company limited by share.
    5. Please click here for information on Company Limited By Guarantee, Coordination of
    Corporate Applications and Registration under the Trust Companies Act 1949.

    Sdn Bhd company is a private company limited by shares which is the most common company
    registration type in Malaysia. In the key updates of the Companies Act 2016, only 1 director and 1
    shareholder are required to register a Sdn Bhd company. Thus, you can register a Sdn Bhd company
    without other business partners, acting as the sole director and sole shareholder for the company.
    However, there can be only up to 50 shareholders in a Sdn Bhd company, without the right to offer
    shares to the public.

    Who should register their company as Sdn Bhd?

    Malaysian or non-Malaysian residents who want to run SME businesses.

    Advantages of Sdn Bhd

    Requires only 1 person to register the company.

    Does not require a constitution as the rights and obligations of directors and shareholders are stated
    in the Companies Act 2016.

    Is relatively cheap to set up.

    Disadvantages of Sdn Bhd

    Is unable to expand beyond 50 shareholders.

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