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Foreign businessmen and companies who want to start a company in Malaysia should know details about foreign company registration in Malaysia this 2022 and business entities that permit foreign ownership. Here we will look at the available company registration options for foreign businessmen and companies in Malaysia, and will also talk about the process and requirements.
Get a RM20,000 tax rebate per year for the next 3 years when you register your company this 2022 in Malaysia.
FOREIGN COMPANY REGISTRATION OPTIONS IN MALAYSIA
Foreign investors can obtain ownership of a company by setting up one of the following foreign company registration options in Malaysia:
A branch office is not a separate legal entity and is an extension of the foreign parent company. The foreign parent company is liable and responsible for all the debts and operations of the branch in Malaysia. The activities of a branch office must be the same as the foreign parent company, and a branch is suitable for foreign companies that want to expand their business to Malaysia for a short-term basis. There must be at least one Malaysian resident nominee director or agent to set up the branch in Malaysia.
Foreign companies that want to increase their market and understanding of the Malaysian business environment can set up a representative office. A representative office does not have an independent legal standing in Malaysia. Therefore, the parent company is responsible for the debts and liabilities.
Private limited company
The private limited company or SDN BHD is the most common type of entity for foreign investors. Foreigners are permitted to own 100% of the company. However, for some industries, they will need 50% to 60% Malaysian ownership. These industries include agriculture, banking, education, oil and gas. A private limited company or SDN BHD is a separate legal entity from its owners, meaning that it can buy or sell property, enter legal contracts and sue or get sued in courts.
But for taxation intensive, staff recruitment, business visa for directors, family dependent facilities, business licenses, and many other purposes mostly foreigners chose private limited companies and we also suggest for Private limited or SDH BHD company.
Post-registration requirements and compliance
Once you have successfully registered the company in Malaysia, you must fulfil post-registration requirements and obligations.
These requirements are:
Email us for more details: firstname.lastname@example.org
Why Lim & Ani Associates Sdn Bhd
We are providing one of the best business & company setup consultancy 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 below as per business act 2016 & Malaysian Government policy;
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