Cryptocurrency trading is a young and considered high risk industry in Malaysia. Best you work with our advisors to navigate a successful opening.
Foreigners can set up a company in Malaysia, 100% foreign owned, without a local director, so long as one director has a residential address in Malaysia.
Having said that, it is advantageous for one Malaysian citizen to be director of the company. It eases your bank account opening and license applications.
You should start your paid-up capital at a small amount like RM1,000 before your bank account opening. Once your bank account is opened, you can increase your capital to the desired amount.
Factors affecting your paid-up capital amount includes any requirements for work visas, any license applications, any funding requirements or any operational demands like clients or suppliers specific requests etc.
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