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MALAYSIA BIZBLOG

Office: +60384081680 | Advisory: +60108242527 (whatsapp)

AUTHENTIC MALAYSIA BUSINESS INFORMATION

Best guide for business setup and company registration in Malaysia

12/29/2020

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The best guide for company registration & business setup in Malaysia with all frequently asked questions & information for 2021. We can tell why & how to register a company in Malaysia or start a business, with our professional business service experiences. At present time & covid-19 economy 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 better future & family. Malaysia Govt is providing one of the best business law, business taxation, health facility & 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 & the 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 Sdn Bhd company 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 company but we strongly suggest RM 1 million minimum for foreign investors (for licenses, commencements & immigration issues). 

Is 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 result & profit in 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, accountign, taxation & setup supports.

How long takes us to register Sdn Bhd?
Normally within 2-3 days, company registration is done through SSM.

Is it possible to do company registration & setup online?
Yes, now you can register a company in Malaysia online with us. In our regular full package price. We are also ensuring legal process security & payment security with PayPal Malaysia.
For online company services & fee - CLICK HERE


Can I enter Malaysia for business in this COVID-19 situation?
Yes, can come to Malaysia through the MyTravelPass system by Malaysian immigration. We are processing invitations, applications, authorizations & all legal documents for investors, clients & eligible business personals to enter Malaysia for important business & investments. 

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 agreement act as strength of the company & better for business licenses, banking, etc. We are providing registered office facility for free & virtual office facility in less cost.

How much is the cost of Sdn Bhd company registration?
The full package including several services (all applications, banking, legal papers, statutory documents, etc) is only RM 7500.
For company services & fee - CLICK HERE


Our annual company secretary services fee?
We are offering a standard market rate of RM 60 per month, so (RM 60x12 month) is only Rm 720 annually.

Business advisory fee?
Our additional business, accounting, taxation, business planning, marketing, etc advisory fee is RM 500 per session (1-hour session). But we are giving 1st two-time advisory sessions free for our clients, so you are getting sessions worth RM 1000 FREE! 

Do other licenses need to start a business?
Signboard, premise, EPF, Export, Import, Halal, and WRT as per nature of business.

Bank account?
As your company secretary, we can prepare papers for you & assist you to open a bank account in banks, also can arrange foreigners to be the sole signatory.


How I will buy a shelf 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 5000
We can also assist in a name change, business nature change, directors agreement & other services post-purchase.

Do I need a nominee director in Malaysia?
No need technically, but as per rules & policy 2020, it is required to have a local director. But if you want to open a full foreign LLC we can still support you, we just suggest for your easy business process.

How much cost for the local Malaysian nominee director service?
Usual market rate RM 5000 yearly.


Any Taxation facility?
New registered companies and businesses will get a 20% tax rebate on taxable business income.

Is there any business aid available for COVID-19?
Yes, Malaysia Government declared a few business aid & grants already, which are already implementing nationwide. 

Can a foreigner register a company in Malaysia?
A foreigner can hold 100 percent shares of the company & can open a company in visit visa also which is counted as legal.

What business foreigners are not allowed to do in Malaysia?
  • Petrol Station or Petrol pump
  • Spa
  • Cybercafe
  • Jewelry shop
  • shop
  • PUB & Bar

How can I get a business visa in Malaysia?
Only companies with ESD registration can apply for Business Visa for their directors & we suggest all foreigners follow immigration rules strictly & to avoid all brokers/visa agents being safe.

Is it allowed to register a company without an investor visa or in a visit visa?
Yes.

Which banks recommended opening a corporate account in Malaysia?
MAYBANK, UOB, AmBank, 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 above point. We ensure sole signatory for our foreigner investor clients also.

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, bank account, business licenses, accounts & taxes for you as experienced accountants, tax advisors, SST advisors & business investment advisors. 
 
  • Click to know about company registration in Malaysia.

Contact & Email us for services price quotation with discount facility for covid-19 situation!
Emali: advisory@mbbusinessjoint.com


WHY MALAYSIA IS SECURE BUSINESS HEAVEN NOW
Malaysia is one of the strong economic power in Asia & the world, even survived 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 aids, banking aid investing is more secure in Malaysia.

Our advisory lines
+60108242527 (whatsapp available)
| +601121189303 (whatsapp available)


Why Lim & Ani Associates Sdn Bhd
We are providing one of the best business setup & company registration services in Malaysia, with experienced & licensed company secretaries, professional accountants, auditors, tax & SST experts, business advisors - a one-stop business solution in Malaysia.
As one of the best leading corporate advisors, we are offering services bellow as per business act 2016 & Malaysian Govrment policy;
  1. Company registration.
  2. Business setup advisory.
  3. Accounting & Audit.
  4. Taxation & SST.
  5. Business licenses advisory.
  6. Professional global business advisory.
  7. Marketing & planning.
  8. Legal business policy & HR management.
  9. Business survival & transformation advisory.

Call, Email or text us & take an appointment from the website to visit our office in Malaysia.
LIM & ANI ASSOCIATES SDN BHD
Call: +60108242527 (imo, whatsap & viber)
Call: +601121189303
Call: +603-84081680 (office landline)
Email: advisory@mbbusinessjoint.com
www.mbbusinessjoint.com


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