A private limited company (PLC) is the most popular business entity in Malaysia. It has a separate legal status from that of its shareholders. Directors have limited liability for the debts and losses of the company. It usually has the words “Sdn Bhd” as part of its name.
It is most suitable for local entrepreneurs, online business owners and company with simple organizational structure.
The following information should be submitted to us manually or by email to proceed with the application for company formation:
It is compulsory to have at least two resident directors to apply for a PLC in Malaysia to comply with the statutory requirement. One should be a local Malaysian who permanently resides in Malaysia and the other can be any foreigner with a work permit / permanent resident (PR) / MM2H holder or dependent pass (DP) holder.
A Representative office is set to fulfill the following purposes:
The approved RO is established to perform the following permissible activities for its head office or principal:
An approved RO is not allowed to carry out the following activities:
The proposed operational expenditure of the RO must be at least RM 300,000 per annum.
The RO should be financed by funds emanating from sources outside Malaysia
Expatriates will only be considered for managerial and technical posts and the number of expatriates will depend on the functions and activities of the Representative office.
The proposed expatriate must be currently employed by the applicant company or its subsidiary or within the group. An expatriate working in a Representative office is subject to normal income tax.
The whole process of registering a Representative office will take 4-7 months considering all the documents are accurate and complete.
It is suitable for any investors who want to enter the Malaysian market.
A properly structured Labuan company can conduct in areas of offshore banking, insurance, trust and fund management and investment holding to be facilitated from a legitimate tax exemption.
One or more can fill up the post of company secretary. If more than one is appointed then at least one must be a resident secretary. Only an approved officer of a Labuan trust co or its wholly owned subsidiary may be appointed as a resident secretary.
It is an appropriate form of business operation for foreign company which is only operating in Malaysia on a short term basis and not carrying wholesale and trade retail businesses.
The appointed agent shall be answerable for the acts, matters and things, as are required to be done by the foreign company under the Companies Act and be personally liable for all penalties imposed on the foreign company for any contravention of the Companies Act.
The estimated cost of setting a branch office in Malaysia is RM 8,000. The registration fee depends on the share capital owned by the company. Additionally, an annual payment also needs to be provided to maintain the branch office service.
The use of our office premise as your Branch Office’s Registered Address is for fulfillment of statutory requirements under the Companies Act. We guarantee the safeguard of all the Registers and Statutory Record which will be accessible to the public.