Starting a Business in Malaysia

Starting-a-Business-in-MalaBelow is a detailed summary of the bureaucratic and legal hurdles faced by entrepreneurs wishing to incorporate and register a new firm in Malaysia. It examines the procedures, time and cost involved in launching a commercial or industrial firm with up to 50 employees and start-up capital of 10 times the economy’s per-capita gross national income.

This information was collected as part of the Doing Business project, which measures and compares regulations relevant to the life cycle of a small- to medium-sized domestic business in 185 economies. The most recent round of data collection was completed in June 2012.

  • Standardized Company

  • Legal Form: Sendirian Berhad (Sdn. Bhd.) – Private Limited Company
  • Paid in Minimum Capital Requirement: MYR 2
  • City: Kuala Lumpur
No. Procedure Time to Complete Associated Costs
1 Application to the Companies Commission of Malaysia (CCM) on the prescribed form (13A) to ensure the availability of the proposed company’s nameName search can be conducted online and payment can be made online 1 day MYR 30 per name search application
2 Company Secretary prepares company incorporation documentsA company secretary is required to prepare the incorporation documents and provide a statutory declaration of compliance (Companies Act 1965). 3 days MYR 1000
3 File necessary documents with the Companies Commission of Malaysia (CCM) one-stop shop and obtain company incorporation, tax registration, registration with the Employment Provident Fund (EPF), Social Security Organization and the Inland Revenue Board, aComment: Promoters must pay the registration fee and file the following incorporation documents with the Companies Commission within 3 months of name reservation:• The memorandum and articles of association and the statutory declaration of compliance (Form 48A) (prepared by a lawyer or the company secretary).
• The particulars of (a) two subscribers holding a minimum of one share of MYR 1 each and (b) At least two directors who have their principal or sole place of residence in Malaysia.
• The original Form 13A and a copy of the letter from the CCM approving the name of the company have to be attached as well.
• The address or location of the registered office.

After the submission of the incorporation papers, the CCM issues Form 9 (certificate of incorporation) upon lodgement of the relevant documents.

The registration fee for the authorized share capital is charged the following scale and is payable to the Companies Commission: Registration fee schedule based on nominal share capital:

• MYR 0 – 100,000: MYR 1,000.00
• MYR 100,001 – MYR500,000: MYR 3,000.00
• MYR 500,001 – MYR 1 million: MYR 5,000.00
• MYR 1 million – MYR 5 million: MYR 8,000.00
• MYR 5 million – MYR 10 million: MYR 10,000.00
• MYR 10 million – MYR 25 million: MYR 20,000.00
• MYR 25 million – MYR 50 million: MYR 40,000.00
• MYR50 million – MYR 100 million: MYR 50,000.00
• Over MYR 100 million: MYR 70,000.00

1-2 days MYR 3,000 (registration fee)+ MYR 220 (stamp) + MYR 100 (post-incorporation package)

More from Malysia

Padma bridge work from Oct: Muhith

Finance minister Abul Maal Abdul Muhith on Monday said the construction work of the country’s biggest-ever infrastructure project Padma bridge will begin from this October. His remarks came at a pre-budget meeting with the representatives of the parliamentary standing committee … read more

Bangladesh stepping forward to Malysia for Padma Bridge !!

Bangladesh has decided to accept a proposal from the government of Malaysia for building a $3.0 billion bridge across the river Padma on Build Own and Transfer (BOT) basis, officials at the Ministry of Communications said on Saturday. A memorandum … read more

Malaysian investor seeks justice from BD PM

source: Malaysian investor Dato Sri Joseph Chong, who is the managing director of Westmont Power [Bangladesh] Limited sent a lengthy additional clarification to the news item published titled ‘Malaysian Project Grabbed by Bangladeshi PMs Brother in Law’, which was published … read more

Bangladesh to buy 1.1 mln tonnes fuel from Malaysia

Bangladesh Petroleum Corporation (BPC) will import about 1.1 million tonnes of fuel oil worth $429 million from Malaysia, a senior official said on Monday. “We are expecting approval of the government purchase committee soon to place order to buy the … read more

Siddikur Proud of Bangladesh -dreams of being paired with his idol Els

It was only three months ago that Siddikur, who grew up as a ball boy in the Kurmitola Golf Club in Dhaka, was just one of the boys on the Asian Tour but his star has shone brightly since rewriting … read more

UniPay2U the Mirracle to be rich !!!!

UniPay2U becoming a hot gossip of the town ,Specially on internet active area of Bangladesh ! UniPay2U offers Mirracle to be rich !UniPay2U A gold-trading company from Malaysia which claims to be making 96% by converting 24-carat gold into 22 … read more

Malaysia to recruit 5,000 -6000fishermen from Bangladesh

Malaysia has shown its eagerness to hire around 5,000 fishermen from Bangladesh, which the government thinks could be the first step towards reopening door to the Southeast Asian country for the Bangladeshi workers. “Having received offers from the Malaysian side, … read more

BD Speed-up duty-free access process with Malaysia .

Bangladesh Malaysia Chamber of Commerce and Industry (BMCCI) in association with the Bangladesh High Commission in Kuala Lumpur and with the assistance of the Malaysia South-South Association (MASSA) and the Federation of Malaysian Manufacturers (FMM) organized the first Bangladesh trade … read more

Penang and Chittagong in sister port deal

The ports in Penang and Chittagong in Bangladesh are currently in discussions to become sister ports in an effort to enhance co-operation between them. Bangladesh is keen to make the Penang port its sister port as part of efforts to … read more

Bangladesh trade & tourism fair : begins at Kuala Lumpur in Malaysia on Dec 4

A three-day Bangladesh single country trade and tourism fair will begin in Malaysian capital Kuala Lumpur on 4th December 2009. Dhaka International Exhibition Company Limited and Palli Bangla Unnayan Shahajogita Sangstha will jointly organise the ?Bangladesh Single Country Trade and … read more