Simply fill out our online form and we will proceed with the incorporation process. Alternatively, you can email us the following information:

• Proposed company names
• Description of business activities
• Director’s & Shareholder’s IC Copy (Passport copy for foreigner)
• Director’s & Shareholder’s particulars (Race, residential address, email address, contact no.)
• Proof of residential address
• Paid-up Capital (Min. RM1 per share)
• % of shares held by each shareholder
• Certificate/letter of appointment of Corporate Representative (For corporate shareholder)

Yes, if you are:
(1) 18 years old and above;
(2) Natural person (Malaysian or foreigner);
(3) Not a bankrupt and has not been convicted and imprisoned.

However, if you are a foreigner who does not reside in Malaysia, you need at least 1 resident director to register a Sdn Bhd.

• Manage the company’s business with reasonable care, skill and diligence.
• Exercise powers for proper purposes, not for personal benefit.
• Act in good faith in the best interest of the company to promote the success of the company.
• Avoid conflicts of interest.
• Declare interests in transactions or arrangements with the company.
• Comply with the requirements of the company’s Constitution and the Companies Act, such as filing annual returns, audited accounts, tax returns.

• 18 years old and above;
• He/ She is not a bankrupt and has not been convicted and imprisoned.

A shareholder can be a person or company that owns at least one share in a company. A shareholder can also be the company’s director.

Minimum one (1) and maximum fifty (50) shareholders in a private limited company.

You need at least RM1 paid-up capital to register your company in Malaysia. The share capital can be increased any time after your incorporation.

A corporate secretary is in charge of compliance reporting: maintaining registers, preparing resolutions and minutes, submitting changes to SSM, and processing standard filings.

Every Malaysian Company must appoint one qualified Secretary within 1 month of incorporation.

Generally, a registered address is usually the company secretary office where all official correspondences may be addressed (between directors/ shareholders/ SSM/ the public with the company secretary), and where the company’s statutory registers and records are kept. It must be accessible to the public during normal business hours.

A registered address must be provided during your application to incorporate a company. If you engage our Secretarial Services, the use of our office address as your company’s registered address is free of charge.

A business address is the place where your business operations and activities are conducted – can be your home, physical office, shop or factory. It must be a local address.

However, you don’t need to have a business address at the time of company registration.

Yes. Subject to the company’s Constitution (if any) or existing shareholders agreement, a company’s shareholder can sell or transfer his shares to any person of his choice so long the potential buyer can afford the share purchase price.

Company seal is usually taken to be the official signature of the company for the signing of all legal documents such as agreements and share certificates. However, Section 61(1) of the Companies Act 2016 provides that it is not mandatory to have a company seal.

There are mainly 4 types of business forms in Malaysia – Private Limited Company, Limited Liability Partnership, General Partnership and Sole-Proprietorship.

Before setting up a new business, an important decision is to decide what legal structure your business will take. Each business form comes with different tax benefits, legal compliances, personal liability protection, capital structure and exit options.

Credo is here to advise you on deciding the right business form and balancing the tax benefits against your various business needs.

The shareholders of a company are not personally liable for any company’s debts and losses beyond their capital injection. As such, shareholders’ personal assets are protected.

The standard corporate tax rate on the chargeable income is 24%.

For small and medium-sized companies (paid-up capital of less than RM2.5 million and annual sales of less than RM50 million), the corporate tax rate is 17% on the first RM 600,000, with the balance being taxed at 24% rate.

Yes. All Malaysian companies are required to open a bank account, in which they will deposit their minimum share capital to formalise the incorporation process.

The Constitution is a legal document that describes the following:

• key characteristics of the company
• rules and regulations for its governance
• rights, powers and responsibilities of the directors & shareholders.

A private company may adopt a Constitution after its incorporation. If a company does not have a constitution, the Companies Act 2016 shall govern the internal administration of the company. If there is an inconsistency between the Constitution and the Companies Act 2016, the provisions of the Companies Act shall prevail.

• You will receive a Certificate of Incorporation issued by the SSM, and 5 sets certified true copies of other SSM documents.
• Open a corporate bank account.
• Apply for relevant business license(s), depending on your business activity and industry.
• Register for EPF, SOCSO, EIS or HRDF account if you intend to hire employees.
• Decide the company’s financial year end, which can be any date within 18 months from the date of incorporation.
• Appoint an auditor and a tax agent.
• Set up your accounting system.
  A company must keep proper records and accounts of business transactions (such as invoices, bank statements, agreements, accounting reports etc) for at least 7 years to avoid being charged with tax evasion penalties.

Credo is happy to assist with your bank account opening and accounting process.