I'm not a Company Secretary or a lawyer... however, it is my understanding that for a Malaysian company (which will have the suffix "Sdn Bhd" meaning private company) you need:
1) two directors who are both Malaysian RESIDENTS - not necessarily Malaysian citizens
2) permission from the Malaysian Registrar of Companies (ROC) to use the name you have chosen (and they have guidelines prohibiting use of names which are misleading or imply associations that are not justified, etc. etc. Their interpretation of this ruling is sometimes a bit startling!)
3) no minimum paid up capital

With regards to #3 above... be aware that you will need a minimum paid up capital depending on what you intend to do with this company. For example, you WILL need a minimum capital if you want the company to employ an expat worker - again this varies depending on what industry, how many expats, and what is this week's Flavor of the Week for these kind of rulings.

Having said all this, I would say that Malaysia is a very "business friendly" environment... safe... in fact, much safer than most countries I've lived in, including the US... with a respect for the law, and a real desire for business and businesses to succeed.

Try the Malaysian Government's web site for small business set up: http://www.ssm.gov.my/Bi/index/

I'm new to this forum... but at the risk of sounding snotty, surely this question must have been asked a few times already?

Post a Reply

00abuse

Choosing an expat health insurance provider is an important decision. Get a quote from our trusted expat health insurance partner, CIGNA. With Cigna Global Health Options, you can create an international health insurance plan that's perfectly tailored for the needs of you and your family.

Learn More Get a Quote

Thnx for the info.

I received several conflicting feedbacks in other sites. One says that there must be a minimum RM500K paid up capital while another says, a minimum of RM100K paid up capital.

Any local company has to have a paid up capital of RM500k as well, if it wishes to hire expats.

Now there is none. Why would anyone hire Directors (suppose they must be paid at certain amount according to rules) for a small company, since there is no minimum paid capital? I find this confusing, care to lighten me? Thnx

Post a Reply

00abuse