Today, many experienced businessmen who want to register a new company choose Malaysia. The popularity of such a solution is due to the fact that this country in Southeast Asia is characterized by a rapidly developing economy, as well as a developed financial sector and high investment attractiveness.
If you are interested in Malaysia, the registration of a company in this jurisdiction is characterized by a number of advantages. Among them:
- Favorable conditions for small and medium-sized companies;
- There are free economic zones focused on export trade;
- English is the second most important language in the state;
- Tax benefits for business owners, in particular, the opportunity to obtain tax exemption if a number of conditions are met.
As a result of economic liberalization, the Malaysian authorities have significantly simplified the procedure for registering new enterprises:
- It is allowed to open a company with 100% foreign ownership;
- There are no requirements for paid-up authorized capital;
- You can apply for registration online.
All this creates favorable conditions for businessmen who are interested in registering companies in Malaysia. However, you should also pay attention to a number of features and requirements that relate to the opening of new enterprises:
- At least one founder and one director are required, while the latter must be a resident of the state;
- A legal address must be registered in Malaysia — letters and calls from government agencies will be received here;
- The presence of a secretary in the company is required;
- The director should not be bankrupt, and he should not have a criminal record for the last 5 years.
In fact, there are practically no requirements for the founder when registering a company in Malaysia. They can even be a foreign citizen who can also be a director at the same time. To do this, however, he must be a resident of Malaysia, that is, have a permanent residence on the territory of this state. In addition, he must have a work permit.
What a businessman needs to know.
The process of creating a new company implies that before applying you will need to come up with a name for the company. To its end, an abbreviation of the organizational and legal form is added, for example, Sdn Bhd.
After that, a wide list of documents should be prepared, including the identity cards of the founders and the director, their residential addresses, the charter and much more.
You can check the full list with our specialists during the consultation. In addition, they will provide you with detailed information about how companies are generally registered in Malaysia. With us you can also count on the support of the procedure and assistance at all stages of cooperation.