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What Do I Need to Have Before Registering a Company in Malaysia?

Both online and brick and mortar businesses must be registered with the SSM. You will need to submit a completed Business Registration Form (Form A). You will also need a copy of your identification card (or passport for foreigners), and prepare the necessary payment. The Malaysia company registration documents you will be required to prepare include: 

 

  • The proposed name(s) of your company 
  • Primary business activities 
  • Copy of all directors and shareholders identification card or passport 
  • Latest residential proof of address 
  • Minimum paid up capital information 
  • Percentage of shareholding for each shareholder involved 

 

Besides the incorporation documents listed above, Malaysia company incorporation requirements include: 

  • Having a minimum of one subscriber to the company’s shares (Section 14 CA) 
  • Having a minimum of one resident director (Section 122) 
  • Having at least one company secretary in Malaysia.  

 

Registering a company in Malaysia is easier with Paul Hype Page. Set up your company instantly now at RM988. To incorporate, you can register online at ibizFile. Our company incorporation package is the best option because we ensure that the whole process is smooth and hassle-free. As your one-stop services provider, all your business needs will be handled by us from start to finish. Our dedicated Corporate Specialists will work closely with you every step of the way. 

 

 

Malaysia’s KYC Requirements for Company Setup 

As part of the Anti-Money Laundering and Anti-Terrorism Financing Act, the “Know Your Client” requirement mandates that all directors and shareholders must be present for the signing of the incorporation documents. If any director or shareholder is unable to be present, they must have another person acting as a witness. This witness must attest to the declaration form with the commissioner of oaths at their own state.  

Once you have completed the registration process and opened a corporate bank account, there are a few more things left to be done. You need to get your business registered with SOCSO (Social Security Organisation). This is a legal requirement for all company types. SOCSO is a mandatory requirement to protect you and your employees from any work-related injuries which may occur.  

 

 

Opening a Tax File with LHDN 

It is also mandatory to open a tax file with the Income Tax Department. They are known locally as LHDN. Registering with the LHDN can either be done at the nearest office, or completed online.  

If your business intends to hire employees, you will need to register with the Employees Provident Fund (EPF). This must be done within seven days of hiring the employee. You will need to submit a completed copy of KWSP Form 1. You will also need to submit your Business Registration Certificate. Other documents issued by the SSM must also be submitted at the nearest EPF office.  

Depending on the industry you are in, certain industries require you to register with the Human Resource Development Fund (HRDF). This provides your employees with access to skills training and certification. These trainings are meant to help employees develop their work skills. Being registered with HRDF also gives you (the employer) access to apply for training grants. The grants can be used to subsidise the training cost for employees.

 

 

Paul Hype Page & Co – SSM service provider and Asean Chartered Accountant.

Paul Hype Page & Co. have 3 physical offices in Singapore, Malaysia and Indonesia

Our Firm Goal is to assist Foreigner and Foreign Companies to set up business in Asean.

 

How we can help you:

Step 1- Listen to your Business plan and Relocation needs.

Step 2- Analysis your Malaysia Tax Planning

Step 3- Recommend the most suited type of Company Incorporation, Open Bank account and Work Visa

Step 4- Arrange for your Spouse and Children Visa

Step 5- Assist as your company to hire staffs and handle all HR matters

Step 6- Every financial year end, we assist you with your yearly SSM Finanical and Tax Compliance

Step 7- Assist you to expand business to Malaysia, Indonesia, Vietnam and Thailand.

Get in Touch with Us Today.

 

Paul Hype Page

Website: www.paulhypepage.my

Posted on February 21, 2019 at 11:16 am
Categories: FAQ

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