Company Incorporation in Malaysia
Got a business idea and ready to take on the world?
The first step is to start a company.
We make starting a company a straight-forward, simple and easy affair. Just fill out the online application form, create an account and make payment for the service. Sit back and relax while we take care of the rest. As long as all your information is sufficient, we can get your company registered within 3-5 business days. For a start, why not take our free name search service?
Requirements to form a company
Do you have what it takes? Here's a quick checklist of the minimum requirements.
Transparent pricing, committed services.
RM 888 | ONE TIME PROFESSIONAL FEES
+ RM 1,010 (SSM Registration Fees)
We believe in transparency and are committed to building long term relationship with you. Our incorporation services include the following:
- Checking the proposed company name for availability
- Providing clarification or advice on the completed registration form via phone or email
- Preparing all registration forms
- Filing all registration forms with SSM
- Preparing resolutions and minutes of first board meeting
- Preparing resolution to open a bank account
- Preparing 3 sets of certified copies of superform (Section 14), notification of registration (Section 15), certificate of incorporation (Section 17) and notification of first company secretary (Section 58)
- Certificate of incorporation
- Self-inking company rubber stamp
- Delivering a welcome kit to your home/office
Frequently Asked Questions
What are the requirements to incorporate a company?
To incorporate a company in Malaysia, you need to have a resident director and a local residential address. Minimum paid up capital is RM 1.00 (Ringgit Malaysia One).
What does the process look like?
The process is pretty simple and straight-forward. Once you have submitted your details and personal identification documents via our online registration form, you just need to make payment via our secure payment gateway provider.
Once we have received the payment from you, we will prepare all the necessary documents, send them to you for electronic signature, and submit them to SSM (company registration authority). Once a company registration number is generated, your company is considered registered.
How long does it take to incorporate a company?
Once all the documents are ready, it usually takes about 3-5 business days to incorporate a company. It depends on whether you have provided sufficient and clear details and the service hours of the SSM.
Do I need a business address for my company?
Yes, all Malaysian companies must have a local address as the “business address”. We usually provide our office address as your registered address but you will need to have your own business address. But if you don’t have one to start off with, you can use our business address service as a temporary measure.
What is a common seal and does a company need it?
Company seal is usually taken to be the signature of the company for the signing of all legal documents such as agreements, share certificates and etc. However, Section 61(1) of the Companies Act 2016 now provides that it is not compulsory to have a company seal.
What is the maximum number of shareholders in a private limited company?
Minimum one (1) and maximum fifty (50) shareholders in a private limited company.
Can anyone be a director of the company?
Yes. Anyone above 18 years old (local or foreign) can be a director of the company so long as he fulfils the requirements under the Companies Act 2016. Find out here what other criteria to be a company director.
What are the responsibilities of a director?
In general, directors must at all times exercise their powers for a proper purpose and in good faith in the best interest of the company and exercise reasonable care, skill and diligence as per Section 213 of the Companies Act 2016. Although directors are conferred with a wide management powers under the Companies Act 2016, there are various legislation in place to safeguard the interests of the company against the wrongdoings of the directors. Learn more here.
What is the biggest advantage of setting up a company?
In a company, shareholders are not exposed to personal risks and liabilities and their liabilities are only limited to the number of shares that are owned by them. In other words, the shareholders are not liable for any company debts beyond their share capital and their investment in a company is financially secured.
Can a shareholder transfer his ownership of the shares?
Yes. A shareholders of a company is allowed to sell or transfer his shares to any person of his choice so long the potential buyer can afford the share purchase price and subject to the company’s constitution (if any) or existing shareholders agreement.
What is the tax rate of a company?
The standard corporate tax rate on the chargeable income is 24%.
For small and medium-sized companies (i.e. paid-up capital of less than RM2.5 million and annual sales of less than RM50 million), the corporate tax rate is 17% on the first RM 600,000, with the balance being taxed at 24% rate.
Is it compulsory to set up a corporate bank account?
Yes. All companies set up in Malaysia are required to set up a bank account, in which they will deposit their minimum share capital to formalise the set up process. We can assist with the bank account opening process.