When planning to start a business or start a business in Malaysia, it is crucial to understand the requirements for company registration in Malaysia. These requirements include the choice of company name, the provision of a registered address, the determination of the scope of business, the amount of registered capital, the identity of shareholders and directors, and the duties of the company secretary, among others. Meeting these requirements is a critical step in ensuring that the company operates legally and complies with local laws and regulations. Therefore, it is very important to carefully understand and meet these requirements before starting the registration process.
The requirements for company registration in Malaysia include the following:
1) Company name: You need to choose a unique company name and make sure that it is not the same as other registered company names.
2) Registered address: The local registered address in Malaysia must be provided.
3) Business scope: You can choose up to 3 business scopes.
4) Registered capital: A minimum of RM100,000 registered capital is required, but the specific amount may vary depending on the type and scope of business of the company.
5) Shareholders and directors: Shareholders can be natural persons or companies, and directors need to be natural persons who are at least 18 years old. The director can be a Malaysian citizen or a foreigner, but at least 6) one of the directors needs to be a Malaysian citizen or hold a Malaysian long-term resident identity card.
7) Company Secretary: There needs to be a Malaysian company secretary who is responsible for ensuring that the company complies with laws and regulations, and handles company documents and records.
During the registration process, some documents and information will also need to be provided, including the articles of incorporation, the identification of shareholders and directors, etc. In addition, registering a company also needs to comply with Malaysia's laws and regulations, including regulations on company registration, taxation, labor, and business activities.