At the end of the 20th century,
Malaysian economic peak led to rapid development of the country as an
industrialized country. Gross Domestic Product (GDP) has increased by 6.5% per
capita in the last five years and the Gross Domestic Product (GDP) of the
current year has grown by $ 18,509.
I came Despite the fact that the new industrial area in Malaysia is
the third largest in South Asia and 29th in the world, the smallest country is
over 30 million. Today, tourism in Malaysia has reached new heights and will
greatly contribute to the country's financial system. In this context, local
and international investors want business development or business in Malaysia.
Types of Business Registration
There are three types of
registration in Malaysia: the sole proprietor, Limited Liability Partnership
(LLP) and Sdn Bhd or Restricted Share. Malaysian companies are the Commission
or the Extra Corporative Authority of Malaysia (SSM) for companies that comply
with the registration of the company's registers and companies. Business
registration can be the only business or partnership, while LLP is the ideal
starting point for small and medium businesses. For the purposes of this grant
practice, this may be the choice of a business model chosen by professionals,
such as merchants, lawyers and accountants.
The foreign company failed to
transfer one certification / partnership and LLP to the company because it
concerns only Malaysians if the foreigner does not receive a Malaysian national
or permanent resident. Foreigners will only register for Sdn Bhd. However,
there are certain types of industries (eg education, banking and finance,
agriculture, tourism, etc.), where at least 30% of the share of the company
should be local Malaysian.
Search name
The applicant must find the name to ensure that it is
repeated. The name of a foreign company should be in the same country as a
parent company. The SSM approved name is stored for maximum three months from
the date of approval.
Required Documents
Documents required for
registration must be submitted within three months after approval of the
Company. There are adequate application documents: certification certificate of
a foreign company, a certified copy of a monument, a Memorandum and a foreign
company association, as well as a form 79 (which includes information on
directors and foreign applicants in the case of a foreign grant authority who
is a representative of the firm N representative or representative shall submit
to form 80. Other requirements may be requested by SM.
Registration fees are based on
the company's proposed equity capital for Malaysian amendments. If the
applicant meets all requests, fees, permits and licenses, the GPB will issue a
registration certificate to a foreign company. This process may be at least 21
days, but it is necessary to prepare the documentation for several months. Many
companies have chosen a shelf company, and they will start working immediately.
Change the name of the shelf approved by the company registrar.
When you register in Malaysia, it
is cheaper to serve the province's serpentine service. For example, the
registration process includes a small number of information. Work permits,
directors and shareholders, MOAO, AOA, bank newspapers should open an account
and understand the account. The circuit has the right solution for the right
price.
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