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Starting a Business in Malaysia

This table summarizes the procedures and costs associated with setting up a business in Malaysia.

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Standardized company

Legal Form: Sendirian Berhad (Sdn. Bhd.) - Private Limited Company
City: Kuala Lumpur

Registration Requirements Summary:


Procedure Time to complete: Cost to complete:
1 Application to the Companies Commission of Malaysia (CCM) on the prescribed form (13A) to ensure the availability of the proposed company's name 1 day MYR 30 per name search application
2 Stamp the company documents 1 day MYR 220
3 File necessary documents with the Companies Commission of Malaysia within three months after name reservation 2 days MYR 2,550 (registration fee)
4 Make a company seal 1 day MYR 150
5 Purchase statutory books and share certificates books 2 days MYR 200
6 Register with the Income Tax Department 1 day (trivial) no charge
7 Register for Employment Provident Fund (EPF) 1 day no charge
8 Register with Social Security Organization 1 day no charge
9 Notify the Director General of the Inland Revenue Board of the employment of workers 1 day no charge

Registration Requirements Details

Procedure 1.
Application to the Companies Commission of Malaysia (CCM) on the prescribed form (13A) to ensure the availability of the proposed company's name
Time to complete:
1 day
Cost to complete:
MYR 30 per name search application
Name of Agency:

Comment:

Procedure 2.
Stamp the company documents
Time to complete:
1 day
Cost to complete:
MYR 220
Name of Agency:

Comment:
Promoters must stamp the memorandum and articles of association at the Inland Revenue Board's Stamp Office. An original copy is required for registering with the Companies Commission of Malaysia. The stamp cost is RM100 for the Memorandum and RM100 for the Articles with a 2nd set stamped at RM10 each.
Procedure 3.
File necessary documents with the Companies Commission of Malaysia within three months after name reservation
Time to complete:
2 days
Cost to complete:
MYR 2,550 (registration fee)
Name of Agency:

Comment:
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 a copy of the letter from the CCM approving the name of the company have to be attached as well.
- The address or location of the registered office.
- Form 6 (statutory declaration of compliance) upholding compliance with the requirements of the Companies Act 1965 and the Companies Regulations on matters precedent and incidental to the company’s registration. This form must be filed by the company secretary.

After the submission of the incorporation papers, the CCM issues Form 9 (certificate of incorporation) in 1-2 working days upon lodgement of the relevant documents.

The registration fee for the authorized share capital is charged the following scale and is payable to the Companies Commission: MYR 1,000 for capital up to MYR 100,000; MYR 3000 for capital MYR 100,001-500,000; MYR 5,000 for capital MYR 500,001-1 million; MYR 8,000 for capital RM1,000,001-5 million; MYR 10,000 for MYR 5,000,001-10 million; MYR 20,000 for MYR10,000,001-25 million; MYR 40,000 for MYR 25,000,001-50 million; MYR 50,000 for MYR 50,000,001-100 million; MYR 70,000 for capital over MYR 100 million.
Procedure 4.
Make a company seal
Time to complete:
1 day
Cost to complete:
MYR 150
Name of Agency:

Comment:
Alternatively, the seal can be ready in 3 days for RM100.
Procedure 5.
Purchase statutory books and share certificates books
Time to complete:
2 days
Cost to complete:
MYR 200
Name of Agency:

Comment:
The statutory and share certificate books can be purchased from certain specialized stationery shops.
Procedure 6.
Register with the Income Tax Department
Time to complete:
1 day (trivial)
Cost to complete:
no charge
Name of Agency:

Comment:
Registration of the company with the Inland Revenue Board (IRB) as a tax payer can be done online at this link: http://ekl.hasil.gov.my/. Form 9 (Certificate of Incorporation) and Form 49 (Return Giving Particulars in Register of Directors, Managers and Secretaries and Changes of Particulars) can be uploaded at the same address. If the registration is done online, the tax reference number will be given in 4 working days. If the registration is done at the IRB counter, the tax reference number will be given immediately upon registration.

Small and medium-size companies with paid-up capital of MYR 2.5 million and below pay corporate tax at 20% on chargeable income of up to MYR500,000. Any chargeable income above MYR500,000 is subject to the normal corporate rate. The corporate rate is 26% for 2008 and prroposed to be reduced to 25% in following years.
Procedure 7.
Register for Employment Provident Fund (EPF)
Time to complete:
1 day
Cost to complete:
no charge
Name of Agency:

Comment:
Promoters must register with any branch of the Employment Provident Fund by completing the applicable form and submitting the relevant documents. Although registration with the EPF cannot be done online, the registration form (Form KWSP 1) can be downloaded online at this link: http://www.kwsp.gov.my/index.php?hdl=bin&rp=321. If the information submitted for registration is complete and there is no problem with the EPF system, the registration number will be given immediately upon registration.
Procedure 8.
Register with Social Security Organization
Time to complete:
1 day
Cost to complete:
no charge
Name of Agency:

Comment:
The employer must compulsorily register any employee whose monthly wages is less than RM 3,000 with and contribute to the Social Security Organization (SOCSO) regardless of whether such employees’ employment status is permanent, temporary, or casual. The promoter must complete the form and submit the relevant documents. Registration with the SOCSO cannot be done online, Form 1 (Employers' Registration Form) can be downloaded at http://www.perkeso.gov.my/1a.pdf and Form 2 (Employees' Registration Form) can be downloaded at http://www.perkeso.gov.my/1c.pdf. and then the registration number will be given immediately upon registration at the counter.
Procedure 9.
Notify the Director General of the Inland Revenue Board of the employment of workers
Time to complete:
1 day
Cost to complete:
no charge
Name of Agency:

Comment:
The employer will need to provide the Inland Revenue Board with the list of taxable employees when the employer registers with the IRB as an employer and to update the list where necessary.



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