What are the main procedures to start a business in Malaysia?

When establishing a company in Malaysia, compilation of compulsory documents includes drafting of the company's articles association. The Company is registered either as a limited liability company or as an unlimited company. Our company, Innovation Expert, provides you with information on the requirements you need to open a business in Malaysia, such as a minimum number of relevant partners, directors or corporate secretaries, and other issues.

When opening a business in Malaysia, the business start-up expert can apply for the proposed trade name by paying a RM30 fee by filling in a form for the proposed name (you can suggest up to three names). The approval is obtained from the Malaysian Compay Commission, which did not receive the radiographic documentation after three months of receiving the trade name approval. After approval of the documents, the newly established company receives a registration certificate.

What are the main types of companies in Malaysia?

Foreign investors interested in starting a business in Malaysia may set up a number of legal entities that can be selected based on the capital invested in the company and the plans of the investor in the local market. The easiest way to start trading in Malaysia is to open ownership of the sole proprietorship. In the case of this business form, the employer does not have to meet the auditing and annual filling requirements, but investors are fully liable for any loans granted to the company.

Another legal entity type of legal entity normally employed by foreign investors is a limited liability company, which is the most common way to trade in Malaysia. This is because investors are responsible for the debts of the Company in accordance with the capital stock invested in the Company.

In this particular case, the trading form is treated as a separate legal entity. The only business form available here is the public limited company, which in the case of the limited liability company usually has the same structure in which the company can give its share to the public.