HOW TO OPEN BUSINESS BANK ACCOUNT IN MALAYSIA | OPEN COMPANY BANK ACCOUNT IN MALAYSIA

OPEN BUSINESS BANK ACCOUNT IN MALAYSIA

All new company in Malaysia are eligible to open current/business bank account with any bank in Malaysia, subject to respective bank’s policies and requirements in the opening bank account application. For legal, secure & faster business operation banking & bank account is a must, even for audit & taxation also bank account plays an important role.

Basic requirements for the company to open current/business account with any bank in Malaysia under bank negara (national bank of Malaysia):

1. Bank’s application form.
2. Company’s rubber stamp (with name & company number).
3. Board resolution from the company secretary to open bank account.
4. Certified true copy of company & ssm documents.

But must know that, if you are Malaysian who has been blacklisted by the bank negara due to “bad” cheque offenders, you will not be allowed to open or operate any current account.

Now a days, many banks in Malaysia have refused to let the foreign director (without valid working permit or business visa) be the authorized signatory in signing company’s cheque or authorized person in operating the company’s bank account, where local directors can be signatory for this accounts. We always suggest our clients to have at-least one local director in all the SDN BHD companies while doing the company registration. But still we can work out the situation for legal & fruitful business & investment profit.

As company secretary, accountants, auditors, tax advisors & business advisors we always make sure legal & proper, current/business bank account opening for our clients. Investors & new businessmen in Malaysia, can always contact us for this advisory & services.

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Call, Email or text us & take appointment from website to visit our office in Malaysia.
LIM & ANI ASSOCIATES SDN BHD
+60108242527 (imo, whatsap & Viber)
+601121189303
+603-84081680 (office land line)
mb.businessjoint@gmail.com
www.mbbusinessjoint.com

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