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Incorporate a business in Malaysia


Posts: 1
 Charles
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Topic starter
Joined: 5 months ago

Hi would it be possible for me to incorporate a business in Malaysia without having to do the annual auditing as I’ll be the sole shareholder and the company would have 0 revenue as the product that I expect my company to sell is still the in the works and would not be done for at least 2~3 years.

I’m also a Malaysian currently studying abroad and I’m thinking about incorporating in Malaysia to partially protect my ideas and business products as incorporating at my current country has a lot of visa hurdles.

Thx for ur time

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1 Reply
Posts: 95
Moderator
Member
Joined: 10 months ago

Dear Charles,

Thank you for your query! The company will be exempted from audit if it falls under one of the three category below:

The following categories of private companies qualify for audit exemption:

(a) Dormant companies (company is dormant in a financial year if the company does not carry on business and there is no accounting transaction occurred)

(b) Zero-Revenue Companies (does not have any revenue during current financial year and the immediate past two financial years)

(c) Threshold-Qualified Companies (revenue less than RM100,000 and total asset not more than RM300,000.

You can also get a professional to assist and advise you.

We can arrange a call with you to understand more about your business plans. Please provide us your contact number or you may contact us at https://wa.me/6584833084 :)

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