Key Note

Trying to incorporate a company in Malaysia? We understand the challenges. At Paul Hype Page & Co, we specialize in helping entrepreneurs and businesses establish their presence in Malaysia through seamless company incorporation services. With our experienced team here to guide you every step of the way, whether you are a local entrepreneur, or a foreign investor looking to expand your business into Malaysia.

And why should you incorporate in Malaysia?

Malaysia’s booming economy and strategic location in Southeast Asia make it an attractive location to incorporate your business. With its competitive tax rates, a well-educated workforce, and government incentives for foreign investment further enhance the appeal.

In addition, the process of incorporating a company in Malaysia is also known for being streamlined and efficient. Altogether, Malaysia offers a cost-effective and promising environment to establish and grow your business in Asia.

Kickstart Your Malaysia Company Incorporation Process

Here are the basic requirements to set up a company in Malaysia:

  • Company name & business activity
  • At least one shareholder
  • Company Secretary
  • At least one director with local residential address
  • Minimum paid up capital of MYR 1
  • Registered physical office address in Malaysia

Check Your Company Name using our free tool!

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How to Incorporate a Company in Malaysia?

Now that you know the basic requirements to set up a company in Malaysia, see our step-by-step guide on incorporating your new company and use our free tools – company name checker.

Step 1: Choose Your Company Name

Finding a suitable and memorable company name is a crucial step of incorporating your company. And sets a strong foundation for business success.

In order to comply with Malaysian regulations, ensure your chosen company name has an appropriate meaning. In addition, any foreign words or abbreviations should also be clarified. As Suruhanjaya Syarikat Malaysia (SSM) requires this information in order to approve your proposed company name.

Check your company name in Malaysia using our free tool above.

Step 2: Your Malaysia Business Activity Code

The Department of Statistics in Malaysia created the Malaysia Standard Industrial Classification (MSIC) system, which is a code-based system for organizing business activities.

This system assigns unique codes to different business activities, allowing for easy identification and classification.

In order to complete your company incorporation with SSM, you will need to search for the code that best describes your primary business activity.

Step 3: Apply for Business Licenses

Tap on our patented digital corporate services platform to fill up the information to generate filled-up company incorporation documents.

All processes are done online – from form submission to signing of all documents.

Step 4: Open a corporate bank account

Ensure proper keepsake of your company’s finances by opening a corporate bank account.

For foreigners setting up a company in Malaysia, opening a bank account can be a tricky process. As it is often required that new back accounts openers be physically present (exceptions exist) in the accounts opening. And the biasedness banks can have against opening a bank account for a new company.

However, you can make this process easier by engaging in agencies who can help make this process a breeze. So engage in our bank account opening services to make your company incorporation a piece of cake! Contact us through our form or WhatsApp us now!

Step 5: Secure Your Malaysia Employment Pass

If you are a foreigner setting up a company in Malaysia, you will need to apply for a work visa to run your business operations.

Our recommendation is the Malaysia Employment Pass (EP). Reach out to us to increase your channces of EP approval, our Malaysia EP success rate for approvals is 93%.

Step 6: Adhere to annual reporting & compliance

After you’ve incorporated your company, you are bounded by the governmental regulations.

These include corporate secretary activities, corporate tax filing, and more. Leave all compliance work to us and never miss a deadline – penalties are involved if you miss!

Reach our Representatives

The best way for the foreigners who want to enter Malaysia’s market, is to engage a company incorporation service provider. That provides you one stop service, from registering a business all the way to post-incorporation.

Reach out our sale representative for register a company in Singapore

Incorporate your company in Malaysia as a Foreigner?

  • Foreigners typically need to meet a minimum paid-up capital requirement. Which can vary depending on the business type (e.g., RM1 million for import/export).
  • Certain business structures might be restricted for foreigners (e.g., sole proprietorships).
  • In some cases, at least one director might need to be a Malaysian resident or citizen.
  • More complex process, the incorporation process for foreigners may involve additional steps and documentation.
  • Visa requirements, foreigners might need to obtain a employment pass to be involved in running a company.

Tips: To avoid any hassle or uncertainty, foreigners need to engage to hire a corporate law firm. They can help clients with the whole incorporation process. Don’t worry we can guide you.

  • Locals generally have a simpler and smoother incorporation process with less documentation required.
  • There’s no minimum amount of money that needs to be initially invested in the company, the paid-up capital.
  • Locals with permanent resident status have the option of choosing a sole proprietorship structure. Which is simpler but offers no liability protection.

Incorporate your company in Malaysia as a Local?

Your Questions, Answered

Starting a new company can be daunting – here are the top questions regarding Malaysia company incorporation that will clear your doubts!

After company incorporation, post-incorporation requirements include appointing a company secretary within 30 days, maintaining proper accounting records, filing annual returns and financial statements, and complying with tax obligations.

At Paul Hype Page, we understand that your journey doesn’t end with company incorporation in Malaysia. And that’s why we offer a range of comprehensive post-incorporation services to ensure your business operates smoothly and remains compliant with legal and regulatory requirements such as:

  1. Corporate Secretarial Services
  2. Accounting and Bookkeeping
  3. Taxation Services
  4. Employment and HR Support
  5. Business Advisory Services
  6. Business Licensing Services
  7. Employment Pass and Work Visa Services
  8. Compliance and Renewal Services
  9. Advisory and Consultation
Yes, it is possible to change the company name after incorporation. However, the process involves certain legal procedures and requirements, including obtaining approval from the SSM.
A foreign individual has the option to establish a company as the sole shareholder. However, if they intend to be the sole director of the company as well, they must meet the requirement specified in section 196(4) of the Companies Act 2016.

This entails having a principal place of residence in Malaysia, indicating that they ordinarily reside in the country.

Yes, a physical office space is required for company incorporation in Malaysia. The registered office needs a physical address in Malaysia. In order to receive official documents and store the company’s statutory records.

There are several types of entities that are available for establishment in Malaysia, including:

M&A, or Memorandum and Articles of Association were documents that defines the relationship between the company and the outside. They also contain essential information about the company. It was mandatory for every company to have a Memorandum and Articles of Association, as encompassed in the prior Companies Act of 1965.

At present, the M&A are now collectively termed as the Constitution under the Companies Act of 2016.

How Long Does It Take to Incorporate a Company in Malaysia?

The timeline for company incorporation in Malaysia is typically between 5 to 10 working days. However, the exact timeframe can depend on a few things. Firstly, if you have a company name readily approved by Suruhanjaya Syarikat Malaysia (SSM), that shaves off valuable time. Secondly, ensuring all your documents are complete and submitted correctly avoids delays. Finally, using a service provider to help with the incorporation process, can streamline the process depending on their workflow.

In the best-case scenario, with all the paperwork approved, you could be up and running in just one day. It’s always best to consult a company registration specialist in Malaysia for the most accurate timeline though, as they can consider your specific situation and current processing times.

Malaysia Company Incorporation Articles

Supplement your existing knowledge with additional insightful readings that we’ve crafted based on our years of experience.

Malaysia Company Incorporation as a Foreigner

Foreigner looking to incorporate a company in Malaysia? Understand the process, different business structures, and post-incorporation steps.

5 Types of Business Entities that can be Incorporated in Malaysia

Find out which type of business entity is right for you, between Sole Proprietorship, Partnership, LLP, SDN BHD, or Berhad.

Difference between SDN BHD, Sole-Proprietor and Partnership in Malaysia Company Incorporation

Clear your confusion on which business structure to choose when incorporating your company in Malaysia.

Corporate Bank Account Opening for Company Incorporation in Malaysia

Understand the process in opening a Corporate Bank Account for both local and foreign businesses.

Our Malaysia Corporate Incorporation Services

With a wealth of experience in registering businesses across Singapore, Malaysia, Indonesia, and Hong Kong, we know the ins and outs of the incorporation process. Our proven track record in facilitating successful company registrations speaks for itself. Let us guide you through a streamlined and hassle-free incorporation journey, helping you to complete company registration in no time.

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Extensive Experience and Proven Success

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