Office: +60384081680 | Advisory: +60108242527 (whatsapp)
Let's salute the Nation on Independence Day! Happy Hari Merdeka Malaysia 2022!
65 years of Malaysian independence!
National independence day greetings to all from - Lim & Ani Associates Sdn Bhd.
We are creating business independence in Malaysia!
One of the best guides for company registration & business setup in Malaysia with all frequently asked questions & information. We can tell you why & how to register a company in Malaysia or start a business, with our professional business service experiences. Malaysia has become one of the best business countries in the world for investment, one of the best business heaven & hub for doing secure business investment for a better future & family. Malaysia's Govt is providing one of the best business laws, taxation facilities, world-class health care facilities, and international education & living facility. Nowadays most of the biggest & medium brands have their industry & business in Malaysia. Today let's know about some very important & frequently asked questions & their answers.
Does Malaysia have a company Act/Law to follow?
Yes! company act 2016 which is being updated regularly.
How many shareholders need to form SDN BHD/LLC?
One person can open a Sdn Bhd company legally but we recommend a combination of 2 persons.
How much paid-up capital need?
Malaysian citizens can open half a million or RM 500,000 companies but we strongly suggest RM 1 million companies for foreign investors (for licenses, commencements & immigration issues).
Kindly note that for CIDB licenses, WRT licenses, MSC status, or ESD the paid-up capitals should be:
- 100% local companies RM 250,000
- Joint Venture companies with local directors of RM 350,000
- Full foreign companies RM 500,000
Are low-cost registrations are ok or why need a full package?
We don't trap clients with low-price lies but we provide quality legal services for actual results & profit at an appropriate rate. Only registering a company is not enough for proper business & success, end of the day need a full & complete services package as we provide. Including business licenses, banking, accounting, taxation, business license & setup supports.
As per the client's budget and requirements, we have 3 different packages for our clients:
How long takes us to register Sdn Bhd?
Normally within 3-4 days, company registration is done through SSM.
Can I start a business right after the company registration on a visit visa?
Yes, you can set up a company with a visit visa, even start a business, rent a shop or office, or open a bank account just after the company registration.
Is it possible to do company registration & setup online?
Yes, now you can register a company in Malaysiaonline with our digital company setup consultancy services package. In our regular full package price. We are also ensuring legal process security, agreement & online payment security with PayPal Malaysia.
For online company services & fees - CLICK HERE
Do I need to have an office in Malaysia?
Yes! The virtual address allows for company registration in Malaysia for foreigners. But physical office rental agreements act as a strength of the company & essential for business licenses, banking, etc. We are providing a registered office facility for free & virtual office facility at less cost.
How much is the cost of Sdn Bhd company registration?
Usual company registration only will cost you RM 2500, but for foreigners, it is not enough to set up a business. As per the client's budget and requirements, we have 3 different packages for our clients (company registration, all business license application documents, applications, banking, legal papers, authentication, stamping, audit and taxation file opening, ESD applications, business setup advisor, statutory documents, etc)
Usual annual company secretary services fee?
We are offering a standard market rate of RM 70 per month, so (RM 70x12 months) is only Rm 840 annually.
Business advisory fee?
Lim & Ani Associates Sdn Bhd provides comprehensive business advisory services in Malaysia, including investment planning, business setup and strategy advisory, market research, financial planning, accounting and audit advisory, taxation advisory, marketing plan advisory, advertisement advisory, and ESD or director visa application full process advisory.
Our Total Malaysia business advisory package is available annually for RM 12,000 only.
But we are offering one month free for our company registration clients if they purchase our advisory package.
Do other licenses need to start a business?
Signboard, premise, CIDB, EPF, Export, Import, Halal, and WRT as per nature of business.
We prepare papers for you & assist to open a bank account for you which is already included in our package (with a local signatory or full foreign signatory).
How I will buy a shelf/readymade company?
The shelf company is a ready dormant company but the business is not run yet. We provide the same if you want to buy from us @ RM 4500
We are also providing name change, business nature change, directors agreement & other services post-purchase as per company value.
Do I need a nominee director in Malaysia?
Not mandatory technically, but as per the rules & policy, it is required to have a local director for licenses and the immigration process. But if you want to open a full foreign LLC we can still assist you, we just suggest for your easy business process.
How much cost the local Malaysian nominee director service?
The usual market rate is RM 5000 yearly. We provide local nominee directors for a minimum of 6 months at RM 2500.
Is there any tax-free company in Malaysia?
Yes, there are Labuan companies, or Labuan island companies which are also known as offshore companies. Labuan companies are usually tax-free, but only trading companies will be subject to a 3% tax rate. But these companies are only operatable in the Labuan islands only and will cost a flat rate of USD 5000 for 1st year and USD 1200 for maintenance from 2nd year onwards.
Can a foreigner register a company in Malaysia?
A foreigner can hold 100 percent shares of the company & can open a company on a visit visa also which is counted as legal. They can also register online, we are providing both services.
What business foreigners are not allowed to do in Malaysia?
How can I get a business visa in Malaysia?
Only companies with ESD registration can apply for business visas for their directors, we suggest all foreigners follow immigration rules strictly & avoid all brokers/visa agents being safe.
Is it allowed to register a company without an investor visa or on a visit visa?
Yes, they can.
Which banks recommended opening a corporate account in Malaysia?
MAYBANK, OCBC, UOB, AmBank, CIMB, RHB, STANDARD CHARTERED, ETC
How can I open a bank account for a foreign shareholding company?
We are arranging the full bank account opening process for our clients, our partner banks are best to open a business account as the list mentioned in the above point.
To start a business or buy a business in Malaysia you will need business licenses, specially if you are a foreigner, it's a must to have a Pvt. Ltd. or SDN BHD company. We are processing company registration consultancy, bank account, business licenses advisory, accounts & taxes for you by our experienced partner & associate accountants, tax advisors, SST advisors & business investment advisors.
Our company registration consultancy package includes:
Contact & Email us for services price quotation
WHY MALAYSIA IS SECURE BUSINESS HEAVEN NOW
Malaysia is one of the strong economic power in Asia & the world, even surviving very well in the global resection of 2009. With a multinational population, there is always market demand, most importantly Malaysia is among those countries that have a very powerful online market with an active customer base & because of government aid, banking aid investing is more secure in Malaysia.
This is why, investors from all over the world come to Malaysia with family & kids because of security, respect & loving nature which are the best gift of daily Malaysian life, which is hard to find in many other countries in the world. Invest in Malaysia, as a foreign direct investor for a better future & family. We are offering many business varieties in various investment budgets for foreign investors to make a profitable business investment as per their budget, so everyone gets a fair chance to make genuine investments & business survival in Malaysia, to grow together with Malaysia.
Our advisory lines
+60172041317 (whatsapp available) | +60108242527 (whatsapp available)
Call, Email, or text us & take an appointment from the website to visit our office in Malaysia.
LIM & ANI ASSOCIATES SDN BHD
Call: +603-84081680 (office landline)
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