Who can set up a Sdn. Bhd. in Malaysia?
Anyone can set up a Sdn Bhd in Malaysia provided they and the company, fulfill the following requirements:
-
a minimum paid-up capital of RM1
-
a minimum of one (1) subscriber to the share(s) of the company
-
a minimum of one director who are at least 18 years of age and are residing in Malaysia. He/she is not a bankrupt and has not been convicted and imprisoned for a period of past 5 years
-
a minimum of one Company Secretary (who is a member of any one of the prescribed professional bodies or licensed by the SSM)
-
must have a registered office in Malaysia to which all communications and notices may be addressed, this is usually the Company Secretary's office
How long does it take to incorporate a Sdn. Bhd.?
Based on our experience, the process of incorporation of a Sdn Bhd takes approximately 5 working days. The speed at which a company can be incorporated is subjected to SSM's decision to approve the application, although we have numerous applications which were even approved in just 1 day!
As a rough guideline however, this is the timeline that one should expect when registering a Sdn Bhd:
-
Company Name Search and Reservation with SSM (1 - 2 days)
-
Completion and signing of registration documents (1 day)
-
Incorporation Approval by SSM (1 - 3 days)
-
Issuance of Certificate of Incorporation by SSM (1 day)
What is Ashton's incorporation package?
We incorporate Sdn Bhd companies at a competitive rate of RM 1,688 and our package includes all of the below
A lot of people have ideas, but there are few who decide to do something about them now. Not tomorrow. Not next week. But today. The true entrepreneur is a doer, not a dreamer