Malaysia

Starting a Business in

Malaysia

Below 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 between 10 and 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 189 economies. The most recent round of data collection was completed in June 2015.

Compare Malaysia to 188 other economies.

  • Standardized Company

  • Legal form: Sendirian Berhad (Sdn. Bhd.) - Private Limited Company
  • Paid-in minimum capital requirement: MYR 0
  • City: Kuala Lumpur
No. Procedure Time to Complete Associated Costs
1 File necessary documents with the Companies Commission of Malaysia (SSM) one-stop shop
Agency: Companies Commission of Malaysia

Since May 16, 2013, it is mandatory to conduct company name search and reservation online via MyCoID portal http://ww1.ssm-mycoid.com.my/omni/omni/portal/mycoid
Less than one day (online procedure) MYR 30 per name search application
* 2 Company Secretary prepares the company incorporation documents
Agency: Companies Commission of Malaysia

A company secretary is required to prepare the incorporation documents and provide a statutory declaration of compliance (Companies Act 1965).
between 1-3 days, simultaneous with previous procedure 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, as well as the post-incorporation package (company seal, share certificates and statutory books)
Agency: Companies Commission of Malaysia

File necessary documents with the Companies Commission of Malaysia (SSM) one-stop shop and obtain company incorporation, tax registration, registration with the Employment Provident Fund (EPF), Social Security Organization and the Inland Revenue Board, as well as the post-incorporation package (company seal, share certificates and statutory books).

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 the approval from SSM about the name of the company have to be attached as well.
- The address or location of the registered office.
- The Declaration of Compliance (Form 6)
- A copy of identity card of each director and company secretary

After the submission of the incorporation papers, the SSM issues Form 9 (certificate of incorporation) upon lodging the relevant documents.
The registration fee for the authorized share capital is charged the following scale and is payable to the Companies Commission:
- For registration of a company whose nominal share capital does not exceed MYR 400,000: MYR 1,000.00
- For registration of a company whose nominal share capital exceeds MYR 400,000 but does not exceed MYR 500,000: MYR 3,000.00
- For registration of a company whose nominal share capital exceeds MYR 500,000 but does not exceed MYR 1 million: MYR 5,000.00
- For registration of a company whose nominal share capital exceeds MYR 1 million but does not exceed MYR 5 million: MYR 8,000.00
- For registration of a company whose nominal share capital exceeds MYR 5 million but does not exceed MYR 10 million: MYR 10,000.00
- For registration of a company whose nominal share capital exceeds MYR 10 million but does not exceed MYR 25 million: MYR 20,000.00
- For registration of a company whose nominal share capital exceeds MYR 25 million but does not exceed MYR 50 million: MYR 40,000.00
- For registration of a company whose nominal share capital exceeds MYR 50 million but does not exceed MYR 100 million: MYR 50,000.00
- For registration of a company whose nominal share capital exceeds MYR 100 million: MYR 70,000.00
between 1-2 days MYR 1,000 (registration fee)+ MYR 200 (stamp) + MYR 75 (post-incorporation package)
  * Takes place simultaneously with another procedure.

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