As a developing country, the economy of Malaysia is growing at an exceptional rate. Both foreign and local investors are contributing in uplifting the economy. To register a company by an Indian in Malaysia is quite simple. You can register a company in Malaysia with 100% foreign ownership. This is called a Sdn Bhd.
What is Sdn Bhd company?
A Sdn Bhd company is a private company which is limited by shareholding. This type of company is a separate legal entity from its owners. This means that the company is considered a legal ‘person ’ that may buy or sell property, enter into legal contracts, and sue or be sued in courts of law.
Although, in order to hold 100% foreign ownership, the company must be in specific industries as dictated by the government. Education, Petroleum, Oil, and Gas, Banking and Finance, Tourism Outbound and Ticketing, Agriculture etc are the industries in which the Malaysian government is trying to encourage foreign investment are allowed to have complete foreign ownership.
Minimum requirement to register a company in Malaysia
- A minimum of two subscribers
- A minimum of two directors; and
- A company secretary who can be either:
- An individual who is a member of a professional body prescribed by the Minister of Domestic Trade Cooperative and Consumerism; or
- An individual who has been given license by the Companies Commission of Malaysia (SSM)
- The proposed director and company secretary in a Malaysian company shall have their principal or only place or residence within Malaysia
However, to set up a company in Malaysia one can choose from Manufacturing and Non-Manufacturing companies for foreigner as per following conditions:
Manufacturing Company:
- Minimum 1 Local Director with 10-30% shares will be required.
- Multiple business licenses required.
Non-Manufacturing Company:
- Allowed for purely foreigner director and shareholder (Minimum 1 director)
Why should you choose Ebizfiling as your service provider for Company formation in the Malaysia?
Ebizfiling is a group of intellectuals. The entire team of Ebizfiling consists of Highly qualified CA, CS, Lawyers and business administrators. Ebizfiling runs its operations all over the world seamlessly. Ebizfiling will be one stop solution for your Company formation int the Malaysia. We provide a number of services which are required not only for starting a business but also for running the business successfully without any default or mistakes. In India we provide services like Start up advisory, Secretarial compliance services, Private Limited Company registration services, PAN / TAN application, DIN registration, GST registration, Trademark registration, GST / Income tax return filing and many more. You may get in touch with our compliance manager on 09643203209 or email info@ebizfiling.com for free consultation and to know more