- Can a foreigner own a business in Malaysia?
- Why choose to incorporate a Private Limited Company (Sdn. Bhd.) instead of other business structure?
- Types of businesses foreign investors are not allowed to venture into post Covid-19
- Industries urge for foreign investment in Malaysia
- Common misinterpretation by foreign businessmen about Incorporation in Malaysia
- Our thoughts
- FAQs
Sep 305 mins
- Can a foreigner own a business in Malaysia?
- Why choose to incorporate a Private Limited Company (Sdn. Bhd.) instead of other business structure?
- Types of businesses foreign investors are not allowed to venture into post Covid-19
- Industries urge for foreign investment in Malaysia
- Common misinterpretation by foreign businessmen about Incorporation in Malaysia
- Our thoughts
- FAQs
Most entrepreneurial-minded small business owners who are looking to expand their business to foreign countries will find it difficult to resist wanting to establish a business in the very bustling commercial environment in Malaysia.
Can a foreigner own a business in Malaysia?
The answer is a big yes. According to the Company Act 2016, a foreigner is allowed to incorporate a certain type of business entities and solely own said entity so long as they have a legitimate residential address in Malaysia.
Why choose to incorporate a Private Limited Company (Sdn. Bhd.) instead of other business structure?
Sole Proprietorship and Partnership VS Private Limited Company (Sdn. Bhd.)
As many might know, most Malaysian prefer to incorporate a sole proprietorship or partnership compared to a private limited Company (Sdn. Bhd.) due to the cheap cost and easy registration as well as cheaper cost to maintain the business annually. However, such option is not opened for foreigner as only Malaysian citizen or Permanent Resident (PR) is allowed to operate such business structure.
Other drawbacks that these two business structures impose are:
Owner/Partners are liable towards all the debts accumulated by the business
Creditors have the power to sue owners/partners if they filed for bankruptcy in order to claim the debt owed
It is not so easy to encourage third party investors or bankers to fund the business
The cost and annual compliance to maintain a sole proprietorship and partnership might be less compared to private limited Company (Sdn. Bhd.), however, the risk of the owner/partners facing bankruptcy is definitely a lot at stake.
Subsidiary VS Private Limited Company (Sdn. Bhd.)
A subsidiary and a private limited Company (Sdn. Bhd.) are quite similar with each other. However, setting up a subsidiary can be difficult and rigorous compared to incorporating a private limited Company (Sdn. Bhd.). More documents are needed such as:
Company particulars of parent Company certified by the appointed Company Secretary
Board of resolution from parent Company to approve the incorporation of a subsidiary Company
Memorandum of appointment or power of attorney authorising the person residing in Malaysia to accept the notices on behalf of the parent Company
Statutory declaration by the agent of the parent Company
And the price of to incorporate a subsidiary is depending on the authorised share capital unlike incorporating a private limited Company (Sdn. Bhd.). For example, the authorised share capital is MYR 400,000, the incorporation fee is only MYR 1,000. The higher the authorised share capital is, the higher the fees chargeable.
As for annual compliance, a subsidiary is deemed to be more complex compared to a private limited Company (Sdn. Bhd.). They not only need to file annual return, but it is also a compulsory for them to file audited financial statement of the subsidiary. Whereas a private limited Company (Sdn. Bhd.) have the option to choose to file an audited or unaudited financial statement as long as they meet the criterion.
Branch VS Private Limited Company (Sdn. Bhd.)
As for a branch office, it is considered an extension for a parent Company. Meaning to say, they are not allowed to:
Use different name from parent Company
Use different business activities from parent Company
Use for long-term
Normally, a branch is used in order for the parent Company to test the market in a foreign land. The branch will be 100% owned by the parent Company. Similar to subsidiary, a branch office has a more complex annual compliance that they need to meet. They are required to file annual return, audited financial statement for branch as well as the audited financial statement of parent Company.
As for tax treatment, branches are not given the opportunity to enjoy local tax benefits. They are treated as a non-resident entity which will be charged at 24% flat rate.
Compared to private limited Company, an entrepreneur has the chance to explore other market and has the privilege to enjoy a simpler annual compliance.
Types of businesses foreign investors are not allowed to venture into post Covid-19
According to The Star newspaper published on 03 September 2020, the Kuala Lumpur City Hall (DBKL) has listed 20 types of businesses which are off limits to foreigners in order to support the local businesses during pandemic time. The list of businesses is as follows:
- Hypermarket/Supermarket/Mini Mart
- Sundry shop
- 24 hours convenience store
- Petrol station
- Wet market
- Cybercafe
- Bag shop
- Spa
- Jewellery shop
- Car workshop
- Computer and accessories shop
- Laundry services
- Hair salon and barber shop
- Five-foot-way kiosk
- Food and drinks kiosk
- Restaurants/Bistro/Café
- Teak wood furniture shop
- Retail shop (clothing and shoes)
- Mobile phone and prepare phone card shop
- Herbal and Chinese medicine shop (KKM Approved)
According to the mayor, this ruling only applies to new applications and will not impact the existing ones. The regulation not only aimed to control number of foreign-owned businesses that has impacted the revenues of local businesses but also to control foreigners without legitimate permits in conducting such businesses.
However, foreign investors are still able to venture into other industries available in Malaysia.
Industries urge for foreign investment in Malaysia
Based on the information above, potential foreign investors might re-think of their strategy to expand their business from their home country into Malaysia. Worry not as Malaysia still offers many other industries available for you to venture into. The Malaysian Investment Development Authority (MIDA) has also listed some incentives for new investments. Some of the industries are:
1. Manufacturing sector
Pioneer Status
A Company will be granted a Pioneer Status (PS) to enjoy five years partial exemption from the payment of income tax. They are only taxable on 30% of its statutory income with the exemption period commencing from its Production Day.
Unabsorbed capital allowances incurred during the pioneer period can be carried forward and deducted from the post pioneer income of the Company. Accumulated losses incurred during the pioneer period can be carried forward and deducted from the post pioneer income of the Company for a period of 7 consecutive years.
Investment Tax Allowance
A Company granted with Investment Tax Allowance (ITA) is entitled to an allowance of 60% on its qualifying capital expenditure (factory, plant and machinery approved for the project) incurred within 5 years from the date of first qualifying capital expenditure is incurred.
The Company may also offset this allowance against 70% of its statutory income for each year of assessment. Any unutilised allowance can be carried forward to subsequent years until fully utilised. The remaining 30% of its statutory income will be taxed at the prevailing company tax rate (between 17% to 24%).
2. Agricultural sector
Incentive for food production
Specific incentives are introduced to attract investment into food projects both at farm level as well as at production/processing level. These will enhance the supply of raw material for the food processing sector, thus reducing reliance on imports of such raw materials.
- A Company which invests in its subsidiary company engaged in food production activities can be considered for tax deduction equivalent to the amount of investment made in that subsidiary for that year of assessment
- The subsidiary Company undertaking food production activities can be considered for full tax exemption on its statutory income for 10 years of assessment for new project or 5 years of assessment for expansion projects
Incentive for Production of Halal Product
To encourage new investments in halal food production and to increase the use of modern and state-of-the-art machinery and equipment in producing high quality halal food that comply with international standards, companies which invest in halal food production and has already obtained halal certification from JAKIM are eligible for the investment tax allowance (ITA) of 100% of qualifying capital expenditure incurred within a period of 5 years.
3. Biotechnology industry
- An exemption of 100% statutory income derived from a new business or an expansion project that is equivalent to an allowance of 100% qualifying capital expenditure incurred for 5 years
- Concessionary tax rate of 20% on statutory income from qualifying activities for 10 years upon expiry of tax exemption period
- Exemption from import duty and sales tax on raw materials/components/machineries/equipment
- Double deduction on expenditure incurred for R&D
- Double deduction on expenditure incurred for promotion of exports
Malaysia is a country moving towards high-income country by the year 2030. One of the approaches moving towards that goal is by granting direct tax incentives partially or total relief from income tax payment for a specified period for foreign investments venturing into specific industries.
Common misinterpretation by foreign businessmen about Incorporation in Malaysia
It is a norm for potential foreign investors to trust hearsay they read up from numerous websites pertaining incorporating a Company in Malaysia which leads to misinterpretation. It normally relates to the items below:
Incorporating a Company
The steps to incorporate a Company such as private limited Company (Sdn. Bhd.) are the same for both local and foreign alike.
At least one director and shareholder that has legitimate local residential address
Minimum paid-up capital is MYR 1
The cost of registration with Companies Commission of Malaysia (SSM) is MYR 1,060
Must appoint a licensed Company Secretary within 30 days after incorporation is done
Can venture into almost all types of businesses available in Malaysia
The registration of a Company can be done online by the appointed licensed Company Secretary without the need of you to come down to Malaysia.
Opening a Corporate bank account
Once a Company is incorporated, they are allowed to open a bank account. Due to the restriction of travelling these days, most banks have opted to communicate online with most of their clients. This shows how committed the bankers are in easing the bank account opening procedure from their clients, regardless of where they are.
For local Malaysian, opening a corporate bank account can be slight easier compared to foreigner. This is because we have an identity card or known as “MyKad” which is normally used for any official business made by the citizen.
The banker is able to run a background check by keying in the unique 12 number associated with the “MyKad” to ensure the individual is not an exposed person as well as their credit score is clean.
A credit score of a Malaysian citizen can be checked in two systems which are:
Central Credit Reporting System (CCRIS) by the Credit Bureau of Central Bank Malaysia
Credit Tip-Off Services (CTOS) by CTOS Data Systems Sdn. Bhd.
A CCRIS report portrays information regarding outstanding payments, special attention accounts as well as a loan application status made by a Malaysian. Whereby a CTOS report provide information on legal matters such as bankruptcy status, legal actions, and case status. It also portrays a Malaysian involvement in businesses and corporations. If a Malaysian CCRIS and CTOS report is clean, a corporate bank account opening will be smooth and might only take around 1 to 2 weeks to open.
However, the same cannot be said to a foreigner. Bankers normally tap into their international database to ensure the foreign clients have a clean background. Aside from that, there are some nationalities where Malaysia bank policy does not allow to open a bank account. Some of them are:
Israel
Iran
Iraq
Serbia
The central bank of Malaysia (BNM) has issued a direction stating that “no person in Malaysia shall undertake or engage in any dealing or transaction with or involving a Specified Person.” The direction also stated that “no person in Malaysia shall undertake or engage with any person in any dealing or transaction using or involving Restricted Currency.”
The term “Specified Person” and “Restricted Currency” refers to the countries sanctioned as involved with political unrest or civil war or high-risk countries.
However, if your country is not listed as a high-risk country by the central bank of Malaysia (BNM), the procedure should be more straightforward after the bankers ensure your background check is clear and the business plan is encouraging.
Business license
It is common knowledge that once a Company is incorporated, they will need to apply for some licenses before they can start operating their business. Most Company who wishes to rent an office to operate will need to apply business premise license and signboard license from the respective state authorities.
This applies for both local and foreign owned Companies alike. The cost depends on the square feet of the office rented. A floor plan information is needed to submit for the City Hall to assess the fee based on the size. A starting cost from MYR 100 to MYR 1,000, depending on the finalisation of City Hall assessment.
However, there is a distinct difference in paid-up capital if a Company ventures into sector/industry specific businesses. For example, the Company ventures into wholesale business. A local owned Company can apply the Wholesale, Retail and Trade (WRT) license with only paid-up capital of MYR 250,000. For a 100% foreign owned Company, in order for them to apply the WRT license, they need a MYR 1,000,000 paid-up capital.
This shows that even though the Company need to apply a sector/industry specific business license, they still do not need to appoint a local nominee director within the Company, unless stated otherwise by the local authority.
Registration of EPF and SOCSO
The Employees Provident Fund (EPF) profile must be registered by a Company within 7 days when Company first hires an employee at any available counter or online via the official website. The Company will need to compile these documents for registration application:
- Form KWSP 1 (available in EPF website)
- Section 14 – Superform
- Section 15 – Notice of registration
- Section 17 – Certificate of Incorporation
- Copy of director passport/NRIC
Once registration is done, the Company will be given:
- Employer’s reference number
- Notice of employer registration
- Employer’s registration certificate (to be displayed at employer’s premises)
Registering the EPF is mandatory for employers to make the required contribution to employee retirement benefit scheme based on their monthly wages.
Once EPF is registered, the Company is also liable to register Social Security Organisation (SOCSO) profile. This must be done within 30 days when Company first hires an employee via email application to idportalperkeso.gov.my Similar to registration of EPF, the Company will need to compile these documents for registration application:
- Employer registration form 1 (available in SOCSO website)
- Employee’s registration form 2 (available in SOCSO website)
- Section 14 – Superform
- Section 15 – Notice of registration
- Section 17 – Certificate of Incorporation
The SOCSO profile is also mandatory as it was founded to provide the employees in private sector with social security protection in accordance with the Employees’ Social Security Act 1969.
Commonly, once a Company begin hiring employees, they might appoint an internal Human Resource team or a third-party human resource team to handle such registration on behalf of the Company.
Registration with Inland Revenue Board (LHDN)
Next, registration of Company profile with Inland Revenue Board (LHDN). Not only it is crucial for a Company to complete its annual tax filing, but the Company is also compulsory to perform the monthly tax deduction (MTD) against the employees’ salaries.
A MTD is an income tax deduction mechanism where a certain amount is deducted from the employee’s current remuneration package. Purpose of these deductions is to minimize the financial burden on employees of paying lump sum when the actual tax amount has been determined by end of the year.
This profile is normally the last to be created because it will need the information below:
- Number of employees (including director)
- Number of employees with annual income less than MYR 30,000
- Number of employees with annual income more than MYR 30,000
- Company SOCSO registration number
- Company EPF registration number
Annual Compliance
Currently, the Company Act 2016 has eased the annual compliance requirement for private limited Company (Sdn. Bhd.). All private limited Company (Sdn. Bhd.) local and foreign owned alike must abide to the annual compliance filing as below:
File annual return according to the Company anniversary date – date of when the Company was initially incorporated. Example: The Company was incorporated in 21.07.2018, the first annual return must be filed by 21.07.2019 or before 20.08.2019 (30 days). Late filing penalty may be imposed if the filing is done after 30 days.
Lodge unaudited financial statement with the Companies Commission of Malaysia – Suruhanjaya Syarikat Malaysia (SSM). This type of business entity is exempted from preparing an audited report if they meet one of the criteria:
- Dormant companies
- Zero-revenue companies
- Threshold-qualified companies – Revenue < MYR 100,000, total assets < MYR 300,000 and employee < 5 people
File the annual tax return filing with Inland Revenue Board – Lembaga Hasil Dalam Negeri (LHDN) even though the Company was deemed dormant for the annual period
Application of work visa – Employment Pass
In Malaysia, the Malaysian Development Investment Authority (MIDA) has mapped out several different visa options for entrepreneurs depending on the circumstances.
If you are planning a long-term stay in Malaysia, the Malaysia My Second Home (MM2H) Programme is a great option. They are allowed to stay and invest in Malaysia for a long period of time. However, these participants are not allowed to work/be employed while staying in Malaysia except those who were issued with special work passes.
Depending on the type of job and skills, different working passes are issued when obtaining a work permit.
Employment Pass: This pass is issued to employees with specific skills, usually for technical or managerial jobs. The minimum period is usually 2 years.
Temporary Employment Pass: Issued for employment for less than 2 years or for jobs with a monthly salary less than MYR 5,000
Professional Visit Pass: Issued to foreign nationals who remain employed by the company in the home country but are required by a Malaysian company to provide certain services for a period up to 6 months.
Any private limited Company (Sdn. Bhd.), local and foreign alike is able to apply an Employment Pass for their foreign candidates. You only need to apply for a business license if the authority deems the business is listed for such licenses. The estimate duration to apply an Employment Pass can be 6 months or more.
Tax Structure in Malaysia
In Malaysia, the tax structure is territorial. Residents and non-residents alike are taxed on their Malaysian-sourced income while any foreign-sourced income is normally not taxable. This is applicable to both local and foreign owned Companies alike.
Based on the year assessment (YA) 2020, the tax rate is as follows:
Company with paid-up capital < than MYR 2.5 million
On the first MYR 600,000 profit is taxed at 17%
Subsequent balance will be taxed at 24%
However, for Company with paid-up capital > than MYR 2.5 million, the tax rate is flat at 24%.
Our thoughts
After venturing into Corporate Specialist service for the past 10 years, we understand the auto conclusion made by foreign investors when it comes to expanding their business in a foreign land. The feeling of alarmed, lack of local knowledge as well as the hearsay from numerous websites out there can definitely make you think multiple times before venturing into something new. And that is okay. Paul Hype Page & Co. are always ready to serve our clients at the best of our capabilities.
Based on our observation, to expand your business in Malaysia is still quite easy compared to its neighbouring countries such as Thailand and Indonesia. The Malaysia government welcomes foreign businessmen by making it relatively easy for them to incorporate a Company, especially a private limited Company (Sdn. Bhd.) in Malaysia.
The requirements, annual compliance as well as the cost is the same for both local and foreigners alike. Even the tax structure is beneficial for a private limited Company (Sdn. Bhd.) because it uses a territorial tax structure where all Malaysian sourced income is taxable while foreign sourced income is not.
This not only shows the transparency of the Malaysia government agencies to ensure the incorporation process for both local and foreigners are similar but also shows they are welcome in the country.
FAQs
Just keep reading...
-
What Is a Private Limited Company in Malaysia?
Apr 5 5 mins -
Shareholders of Sdn Bhd Companies
Nov 4 5 mins -
Corporate Bank Account Opening in Malaysia
May 2 5 mins -
Employment Pass Application in Malaysia
Mar 26 5 mins -
The Malaysia My Second Home (MM2H) Program
Feb 24 5 mins
Hello, My name is Justus,
I will like to ask what document and licenses do u need to start a car rental business in Malaysia.
Hi Justus, to better advise on the licenses and documents to start your company, we would appreciate if we can do a call instead. This is to have a better understanding of your business and provide the necessary information more accurately.
You can schedule a time via our contact form here:
https://www.paulhypepage.com/contact/
Alternatively, you can leave us a message on WhatsApp and we will respond soonest: https://wa.me/6584833084
Thanks!
Hi, my name is Manda,
My company is in Korea and Indonesia, and we have a plan to open a company in Malaysia (Kota Kinabalu). Since we didn’t have a team in Malaysia we need a consultant to guide us for the step by step how to open a company in Malaysia (such as what the document we need, how to get the employee, and many more). For the basic first, can you give me a hint of what document or what we have to do to open a company in Malaysia?
Hi Manda,
Your question has been answered in our forum.
https://www.paulhypepage.my/forums/business-forums-malaysia/how-to-open-a-company-in-malaysia-kota-kinabalu/
Feel free to interact with us in the forum if you need further clarification. We will be happy to assist.
Best Regards,
Paul
Hi there!
Is it possible to open a business (small restaurant, bistro/café or food truck) as a foreigner in Malaysia?
I’m confused because I found this article
https://www.jspartners.com.my/post/types-of-industries-in-malaysia-foreigners-not-permitted
Now I’m not sure about it. Need more information regarding this
Thank you
Hi,
Your question has been answered under our forum.
https://www.paulhypepage.my/forums/business-forums-malaysia/how-to-start-a-small-restaurant-as-a-foreigner-in-malaysia/
Feel free to interact with us in the forum if you need further clarification. We will be happy to assist.
Best Regards,
Paul
Hi, I’m Kian Seng. I’m planning to set up a cosmetic factory in Malaysia and partnership with Foreigner. What do I need to prepare? Do we need to apply for a special license to set up a factory? How about the partnership with Foreigner?
Hi Kian Seng,
Your question has been answered under our forum.
https://www.paulhypepage.my/php-forums/malaysia/set-up-a-cosmetic-factory-in-malaysia/
Feel free to interact with us in the forum if you need further clarification. We will be happy to assist.
Best Regards,
Paul
Hi
as a foreigner looking to start a contracting + renovation business in KL. Our head office is in SG.
– is SDN BHD is the best structure
– Do i need the wrt license or any other licenses or just incorporation will help me start
Hi neha,
Your question has been answered under our forum.
https://www.paulhypepage.my/php-forums/malaysia/start-a-contracting-and-renovation-business-in-k/
Feel free to interact with us in the forum if you need further clarification. We will be happy to assist.
Best Regards,
Paul
Dear Sir,
i Am Very Excited To Know That If i Am Worker In A Malaysian Retails Company, Is It Possible To Have Any Chances To Register A Company/Business And Do Side Business Under My Own Company Name ?
Looking Forward For Your Answer.
Thank You So Much For Have This Types Of Services And I Hope Best Wished For You All Guys.
Thanks & Regards
Kumar
Hi Awadhesh,
Your question has been answered under our forum.
https://www.paulhypepage.my/php-forums/malaysia/working-for-a-company-in-malaysia-and-want-to-do-side-business-under-my-name/
Feel free to interact with us in the forum if you need further clarification. We will be happy to assist.
Best Regards,
Paul
Hi, we are planning to open a private limited company and its home-based bakery. How much is the paid-up capital?
Hi Kate,
Your question has been answered under our forum.
https://www.paulhypepage.my/php-forums/malaysia/open-a-private-limited-company-home-based-bakery/
Feel free to interact with us in the forum if you need further clarification. We will be happy to assist.
Best Regards,
Paul
Hello, I’m Chong. We would like to set up a company in Malaysia with 100% shareholder will be a singapore registered company, 1 foreigner director and 1 local malaysian director, carry out IT consultancy business in Malaysia.
– Will our company needs to apply a WRT licence? If yes, is the WRT licence needed whether the business office location is in peninsula malaysia / sabah or sarawak?
– What is the minimum paid up capital for the sdn. bhd. to apply an employment pass for the foreigner director?
Thank you.
Hi Chong,
To set up a 100% IT consultancy company in Malaysia, you do not need to apply for a WRT license regardless your office is based in the peninsular or Malaysia’s Borneo. The minimum paid-up capital for a Sdn. Bhd to apply for an Employment Pass (EP) for a foreign director is RM500, 000.
Please contact us via Paul Hype Page to discuss further.
Thanks
Hi, our company has 2 directors, both of them are Singaporean.
Previously, we have 1 Malaysian director, but she already resigned in 2018. We try to renew business license as MPSJ business license still shows her name on the license. Is there any penalty for the late update in MPSJ?
If update in MPSJ, need to fill in the Lampiran A. Lampiran A is required Visa for foreigner, but Singaporean no need Visa. How should I do?
Please advise. Thanks.
Hi, you should make necessary changes to company profile before renewing license as your ex-director no longer represents your company.
As for the penalty, it will depend on MPSJ. Please approach them for clarification.
There should not be a need for visas for foreigners if you are not physically living and working in Malaysia.
Do contact us via WhatsApp at +65 8483 3084 or email us at sales@php-cpa.com.sg for further assistance.
Please contact us via Paul Hype Page to discuss further.
Thanks
What is the minimum capital requirements for a limited liability company fully owned by a foreigner?
Hi Wael,
We are sorry we cannot advise you since we do not provide limited liability company incorporation. We are happy to assist you with a private limited company incorporation
Thank you for your question.
Warm regards
Paul
Hi,
What is the min requirement to set up a 100% foreigner owned company and a company that has both foreigner and local?
Hi CH, minimum requirements regardless of foreign or local owned company is that you must have one secretary, one registered office address, and a local residence.
If it is 100% foreign owned company, our incorporation package is RM2,548.
If the company has both foreigner and local, it is RM2,048.
Please contact us via Paul Hype Page to discuss further.
Thank you for your question.
Warm regards
Paul
Hello, I have an employment pass for a company in KL. Can I run a side business? Thinking of starting one in gift hampers. I’m British.
What capital is required?
What’s the cost of setting up a business here?
My husband doesn’t have a degree but is a graphic designer. Is there a way of him getting a work visa?
Hi Jane,
Yes, you can run a business in Malaysia and the company can be 100% foreign owned. Our service fee is RM2,048.
We can assist your husband to get employment pass in Malaysia.
Please contact us via Paul Hype Page to discuss further.
Thank you for your question.
Warm regards
Paul
Hello,
Hello, this is Meheruna, Im expat here. We have a online home food delivery app setup at Bangladesh. We want to expand or start our home food delivery service here through our app. As being a foreigner, is this possible? If its possible, then what would be the best option? A. Register company here? B. Have a branch/francise of Banladesh registered company here? Can you please give us some idea?
Hi,
Yes, you can open a company here. The company can be 100% foreign owned. We can assist you to set up a private limited.
Please contact us via Paul Hype Page to discuss further.
Thanks
Hello, I am interested to register an IT consultancy business in KL. I would also like to know if it’s possible to get a employment visa under my registered company in KL and what is total cost to get everything setup. Also how much paid up capital is required for IT consultancy. Thank you
Dear Alavi,
Thank you for contacting us.
We are happy to assist you with your company incorporation and employment pass application. The minimum paid up capital is RM500,000. Please refer to the cost details below.
Package for foreign entrepreneurs relocating to Malaysia: Company Incorporation with Employment Pass
Company Registration: RM100
Registration Fee (Government Fee): RM1060
Appointment of Company Secretary (for 1 year): RM600
Employment Pass: RM6600
Registered Office Address (for 1 year): RM288
Total
RM8,648
Additional services (Optional)
– Bank Account opening RM2,500 (NO NEED TO TRAVEL TO MALAYSIA)
– Malaysia residential address (for Directors/Shareholders) RM500
– Corporate shareholders
– Additional Company Secretary services
– Dependant Pass applications
*Kindly note that a residential address is required by law for all Directors and Shareholders.
* To apply for EP, registered company must have corresponding business licenses
Please contact us via Paul Hype Page to discuss further.
Thank you for your question.
Warm regards
Paul
Hi Sir
ASSALAMULAIKUM
I want to open a restaurant i KL .So what are the process i need to do .
And how i get business visa to do my restaurant business.
Dear Soud,
Thank you for contacting us.
Please be informed that to open a restaurant you must first incorporate your company. We are happy to assist you with the incorporation of the company. The company can be 100% foreign-owned and you’re not required to be physically present in Malaysia.
Please contact us via Paul Hype Page to discuss further.
Thank you for your question.
Warm regards
Paul
Hi
I’m planning to open treading company ( export and import) and I’m from Oman
So how much will cost me to open and run the company
Hi Omar,
We can assist you to open a company in Singapore, Malaysia, and Indonesia. Which company you’re interested to?
Soud:
Thank you for contacting us.
We are happy to assist you with your incorporation of Sdn. Bhd. in Malaysia.
Please be informed that the company can be 100% foreign owned and you are not required to be physically present in Malaysia as it can be done online using our in-house system – iBizfile. 😊
To understand what is required for incorporation/to START your incorporation, please find the link below.
https://my.ibizfile.com/auth/signup
To understand what is required for your employment pass/to START your employment pass, please find the link below.
https://ibizfile.com/employement-pass-form/
Here is a Demo Video to show you what our process looks like:
https://www.youtube.com/watch?v=679s_ekkINc – MSIA INCORP
Please contact us via Paul Hype Page to discuss further.
Thank you for your question.
Warm regards
Paul
Hi. I run a cafe (sole proprietor) and would like to convert this into a Sdn Bhd with three foreign partners who currently hold work permits in Malaysia (in an unrelated industry). Is this possible, and if so, can they then obtain employment passes? If yes, is this something you can do?
Thanks
Hi Brian,
We can assist to apply the employment pass category I
Kindly note the following requirements for an Employment Pass application:
Individual requirements:
– Have a job offer in Malaysia OR incorporate your own company in Malaysia.
– Work in a managerial, executive or specialised job.
– Have acceptable qualifications, usually a good university degree, professional qualifications or specialist skills.
The below are the different categories of an Employment Pass. Kindly note that we only provide services for a category 1 EP.
Category I (EPI) – for applicants who earn a fixed monthly salary of at least RM10,000 and a valid employment contract for a minimum of 5 years.
Category II (EPII) – for applicants who earn a fixed monthly salary of at least RM5,000 up to RM9,999 and a valid employment contract of 2 years.
Category III (EPIII) – for applicants who earn a fixed monthly salary of between RM3,000 to 4,999 and a valid employment contract period not exceeding 12 months.
Company requirements:
– The company must have the relevant business licenses
– The company should be operational for a recommended period of 3 to 6 months
– The company must have the minimum paid up capital in the bank account
Please contact us via Paul Hype Page to discuss further.
Thank you for your question.
Warm regards
Paul
How much is the minimum paid up capital for a foreigner to open a hair salon biz in Malaysia.
Hi Lyssya Lily
The minimum paid up capital varies based on your business and other factors. In order to give you the most relevant advice, we would need to understand more on your business plans. To discuss further, please contact us at Paul Hype Page.
Thank you for your comment.
Warm regards
Paul
I have a friend from manila who would like to open a hair salon in Johor Malaysia. What procedure or document requirements does he need to do.
Hi Lyssya Lily
In order to open a hair salon in Johor, your friend needs to first incorporate a company in Malaysia. We are able to help with that.
Our package for locals is as follows:
Malaysia Company Registrati