Under the Company Commission of Malaysia (CCM), all foreigners only are allowed to register a private limited by shares (Sendirian Berhad- “Sdn Bhd”) company in Malaysia. Foreigners are not allowed to register sole proprietor, enterprise or LLP companies in Malaysia, these entities are meant for Malaysian only.
Can foreigner set up sole proprietorship in Malaysia?
A sole proprietorship is one of the simplest types of Malaysian business entities to set up. A foreigner can only register this entity if they have a permanent resident status in Malaysia. The sole proprietorship requires only one owner, and his/her liability is unlimited.
Can foreigner register SSM?
A notice of registration of foreign company will be issued within one working day by SSM upon compliance with the procedures and submission of duly completed documents. Certificate of registration of foreign company would be issued by SSM upon request together with prescribed fee.
Can foreigners open Sdn Bhd?
Yes, foreigners can fully own a Malaysian Sdn Bhd.
Since 2016, it is no longer required to have local ownership in the company.
What are needed to registration a business in Malaysia?
What Documents are Needed to Register a Company in Malaysia?
- A certified copy of the certificate of incorporation.
- The foreign company owner needs to provide a certified copy such company’s registration.
- Must provide a certified copy of the charter as well as ‘Memorandum and Articles of Association’ of a foreign company.
How can a foreigner set up a company in Malaysia?
Foreign investors can set up a company, also known as a Sendirian Berhad (Sdn Bhd), with 100% foreign ownership. This is a private company that is limited by shareholding.
To set up a Sdn Bhd, the company must have:
- At least 1 director ordinarily resident in Malaysia,
- 1 shareholder; and.
- 1 promoter.
Can I start a business in Malaysia?
Can I Start an Online Business in Malaysia? Yes, you can, and the process is relatively straightforward once you choose a suitable business name and structure. Company types include a sole proprietorship, Limited Liability Partnership (LLP), Sdn Bhd, etc.