The incorporation of the company in Malaysia is cheaper compared to Malaysia in terms of labor, office rental, etc.
It offers tax allocation and incentives for the production sector.
It is more beneficial for tourism and the hotel industry, as it is one of the most visited tourist sites.

What are the types of commercial entities in Malaysia?

The limited liability company, also known as Sendirian Berhad preferred especially by foreign entrepreneurs. It offers entrepreneurs to transact with Malaysian customers and hire an employee on the mainland.

Free Zone is preferred for production and export units. The government offers various tax benefits.

The international trading company is also known as the Labuan company, preferred especially by entrepreneurs who deal with overseas customers. The government offers such a tax-exempt vehicle for such a company.

Bumiputera Company is a company in which at least 30% of the shares are owned by a resident of Malaysia or Bumiputera corporations. If they have met this requirement then the company is eligible for special grants and discounts.

The limited liability partnership may be incorporated with at least 2 partners, and such partners may also be foreigners. There is no minimum contribution required and will be governed by the Limited Liability Partnership Law of 2012. It is more beneficial for foreign entrepreneurs trying to work on a specific project in partnership with a Malaysian company.

The branch / representative is an option available to the foreign parent company to open a branch in Malaysia. Requires the appointment of 2 resident representatives from Malaysia.

What will be the procedure for setting up the company in Malaysia?
Request for reservation of the name at the Malaysian company commission
Preparation of the company's memorandum and articles of incorporation.
Preparation of various documents such as the letter of consent of the directors and the letter of appointment.

Once all the incorporation documents are ready, the same must be signed by the directors and notified.

All the documents of incorporation are submitted to the SSM (Suruhanjaya Syarikat Malaysia) and then if the documents are appropriate than the SSM will issue a certificate of incorporation. Opening a corporate bank account in Malaysia.

With the opening of the bank account, the registration of the company is obliged to deposit the proposed capital, as prescribed in the MOA actions by the shareholders.
What are the advantages of company registration in Malaysia?

Great opportunities for foreign investors to launch their subsidiary in Malaysia, as the government offers various incentives and opportunities
It is one of the ideal locations for the regional headquarters, as it is located in the center of Southeast Asia

Best for financial and investment services because it can market and market their financial products for both corporate and retail clients
It is one of the ideal places for setting up a production and distribution company, because the availability of the raw material and the skilled labor is cheap compared to other countries.

After the company has been fully incorporated into the Malaysian Commission, the company's directors will receive a certificate of registration and within 30 days from the date of registration, all directors will appoint at least one authorized secretary of the company to fulfill

the company registration procedure

The company secretary must be an adult resident or domiciled in Malaysia. He must be a member of a designated body or be authorized by the Business Register (Malaysian Commission).

Company Secretary in Malaysia - 2016 Article 237 of the Law on commercial companies

(1) Under the terms of his appointment, the Registrar may resign from service with notification before the Council.

(2) If none of the directors of a company can be notified at the last known address of their place of residence, the registrar may, notwithstanding Article 235 (1), notify the registrar of the problem.

(3) The secretary ceases to be the secretary of the company -
· Thirty days from the date of notification referred to in paragraph 1 or the Constitution or the terms of appointment, as the case may be.
· Thirty days from the date of notification to the clerk in accordance with paragraph 2;

4. Nothing in paragraphs 1 and 2 shall exempt the registrar from any liability for any act or omission made before leaving the office.

With the advancement of company law and the cooperation of larger groups of companies, the role of company secretary Malaysia has become that of a regular employee, which is more important in every company. The current company secretary is an employee of the company who is assisted by heavier positions and higher authorities, positions that require ethical behavior from the company secretaries at all times.