An LLP is a perfect option for professionals who prioritize the safety and protection of their business while avoiding the legal and financial complexities of incorporating a company. MISHU offers hassle-free company incorporation and registration services for foreign individuals and business owners looking to establish a limited liability partnership (LLP) in Malaysia. Our simplified registration process lets you set up your new LLP in just a few clicks. Our expert team ensures your new business fully complies with Malaysian regulations within 3-5 business days. Trust MISHU for all your company incorporation needs in Malaysia.
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How to Register and Set Up an LLP in Malaysia
To set up an LLP in Malaysia, you must comply with the regulations of the Companies Commission of Malaysia. This includes registering the LLP with SSM (Suruhanjaya Syarikat Malaysia), submitting the necessary documents, obtaining the necessary licenses and permits, and meeting other legal requirements.
One of the advantages of an LLP is that partners can take an active role in managing the business while still being protected from the company’s liabilities. The tax structure for an LLP is also simpler than that of a private limited company, as the partnership is not subject to corporate tax.
For more detailed information on how to set up a Limited Liability Partnership (LLP) in Malaysia, you can check out MISHU’s article here.
Requirements to Register an LLP
Do you have what it takes? Here’s a quick checklist of the minimum requirements
May be individuals or bodies corporate, with no restriction on maximum number of partners.
Two Compliance Officers
The primary Compliance Officer must be at least 18 years old, reside in Malaysia, and be qualified to act as a Company Secretary under the Companies Act 2016. In addition, one of the partners must also be registered as the secondary Compliance Officer.
For any business for the purpose of making a profit.
An LLP must have an LLP Agreement to govern the relationship between partners. MISHU can provide a standard LLP Agreement.
No Hidden Fees With Us
Here’s what you pay and everything we promise to do:
Our Incorporation Services Include The Following:
RM1,888(inclusive of RM500 SSM registration fees)
3 EASY STEPS
To register your company:
Choose a Company Name
Select Your Services
Fill up the Form
We'll take care of the rest!
MISHU journeys with you every step of the way
Plus, some freebies you’ll only get with us!
Company bank account setup
Exclusive offer from selected banks
Company mobile line account setup
30 legal templates worth RM5,000
Visa prepaid corporate card for business expenses
3 hour employee performance reward system webinar
Delivery of 1st set of documents to Malaysian address
Weekly newsletters on business knowledge
30 min new business advisory
30 min consultation with tax specialist
30 min consultation with HR consultant
30 min consultation with grant specialist
30 min consultation with business license specialist
30 min consultation with corporate lawyer
30 min consultation on group insurance
30 min consultation with accountant
We've helped many entrepreneurs start their LLP
Here’s what they have to say:
Pre-registration Checklist for LLP
Everything you need in order to setup your new LLP in Malaysia
Frequently Asked Questions
Do you intend to register a Limited Liability Partnership (LLP) in Malaysia? It’s normal to have questions about the process. Review our frequently asked questions (FAQs) for LLP registration to find answers to common queries and know more about the benefits of setting up an LLP in Malaysia.
*Professionals (solopreneurs, accountants, company secretaries)
*Joint venture entities
*Venture capital entities
*Instead of shares, ownership of each partner in an LLP is represented by an allocation of partnership units corresponding to their capital contribution.
*There is no requirement to submit audited financial statements to SSM – though it is still important to maintain records.
*Instead of directors and shareholders; there are Compliance Officers and partners. Learn more about the benefits of an LLP here.
Any individual or body corporate (whether in or outside Malaysia) may be registered as a partner, with no limit to the maximum number of partners.
Yes, but it must appoint a corporate representative to act for the body corporate.
Yes, but he must appoint a Malaysian to be the Compliance Officer. Foreigner cannot be Compliance Officer.
* The LLP itself enjoys low tax rate similar to Sdn Bhd i.e. 17% for income below RM600,000, thereafter 24% flat rate.
* For individual partners, their partner’s drawing from the LLP will be subject to their personal income tax rate and if it is a body corporate, it will be taxed at the corporate tax rate.
Any qualified person under the Companies Act 2016, which includes partners in the LLP. If the person is an individual, he or she must be a Malaysian citizen or a permanent resident in Malaysia.
Including but not limited to: registering any changes in key details of the LLP, keeping and maintaining records of the LLP, advising partners to ensure compliance with LLP law and lodging annual declarations with SSM.
No, the LLP must be closed down and the new Sdn Bhd will be incorporated thereafter.