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If you're a foreign businessman or company looking to expand your business in Malaysia, it's important to understand the available options for foreign company registration. In this guide, we'll take a look at the different types of company registration options available and their requirements.
Foreign Company Registration Options in Malaysia
As a foreign investor, you can obtain ownership of a company by setting up one of the following registration options:
1. Branch Office
A branch office is an extension of the foreign parent company and is not considered a separate legal entity. The parent company is liable and responsible for all debts and operations of the branch in Malaysia. A branch office is suitable for short-term expansion plans and must have at least one Malaysian resident nominee director or agent.
2. Representative Office
A representative office doesn't have independent legal standing in Malaysia, making its parent company responsible for all debts and liabilities.
3. Private Limited Company (SDN BHD)
This type of entity is common among foreign investors as foreigners can own up to 100% of their companies. However, some industries require 50% to 60% Malaysian ownership, including agriculture, banking, education, oil, and gas. A private limited company or SDN BHD is a separate legal entity from its owners.
Post-registration Requirements and Compliance
Once you've successfully registered your company in Malaysia, you must fulfill post-registration requirements such as opening a corporate bank account, obtaining business licenses & permits (export-import licenses, CIDB, DBKL, Food licenses), registering as a taxpayer with the provident fund, appointing auditors and applying for WRT and ESD.
Why Choose Lim & Ani Associates Sdn Bhd
At Lim & Ani Associates Sdn Bhd we provide one of the best business & company setup consultancy services in Malaysia. Our team includes experienced & licensed company secretaries, professional accountants, auditors, tax & SST experts, and business advisors – offering a one-stop business solution in Malaysia.
In conclusion, understanding foreign company registration options is crucial when expanding your business in Malaysia. Choosing the right registration option can help you avoid unnecessary complications while ensuring compliance with legal obligations. With our comprehensive guide to foreign company registration in Malaysia and our consultancy services at Lim & Ani Associates Sdn Bhd – you're sure to have all the support needed to make your expansion plans successful.
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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LIM & ANI ASSOCIATES SDN BHD
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