How To Start A Business In Malaysia

 Starting A Business In Malaysia

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

		*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).

		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

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