Discussion agenda of company registration in Malaysia: https://www.sfconsultingbd.com/asia/malaysia-foreign-company-registration-formation/company-registration-in-malaysia/ Bank Account Open Income Tax Certificate Sign Board & Premise Import/ Export SOCSO Halal License Accounting, Tax and Auditing 1st reserve company name (proposed 3 names as name is not available always) Contact Company Secretary to arrange documents to be signed and forward to SSM It might take 1 day to get name approval It might take another 2 days for company incorporation and received certified copies There are 3 addresses used: 1. registered address 2. business address 3. residence address Normally charged to company registration Ringgit: 4000-5000 in total. Break down: Bank Account: Its not easier to open corporate account if all directors are foreigner (s). In Malaysia, most of the banks will discourage to open account for internal issue and its really a cry situation. Solution with us, make a call us (+601136901890 Viber, WhatsApp, IMO), will facilitate to open bank account Local banks like to have local director and foreign banks like to have big amount of deposit, profit forecasting and business activities in detail. Income tax certificate: Each company has to have income tax certificate and within 3 months of company registration as law In that case, we may help to get the certificate It charged might be Ringgit 1000-1200. Required documents: Passport copies of directors and certified copies of company It might be take 3-5 days to be obtained Sign Board and Premise: It’s a required license have to have starting business in Malaysia. The process of sign board license is to be applied local council with supporting papers Required supporting papers: (1) office rental agreement (2) sign on prescribe forms by the director (s) (3) sign on forms from property owner (4) furniture of office (5) premise design plan Required cost: Ringgit 400-500 Time to obtain licenses: 1-2 days. Import/ export license: We have noticed, most of the cases company registration process, formalities are done and cooperated by Company Secretary and after company registration activities investors have to move one door to another. However, if you like to apply for import/ export license in Malaysia is required to knock 3 government bodies and being such cases consultant unlike to cooperate. Come to us as package of following: Company Incorporation, Bank Account Open, Income Tax Certificate, Sign Board & Premise, Import/ Export, SOCSO, Halal License, Accounting and Tax and Auditing Required supporting papers: all certified copies, tax, rental, passport of directors, sign board & premise, sample of product and determine of certain port. Required time line: 15-45 days, depend on type of products Total cost: Expected cost depend on some categories (Ringgit 2000-3000), provided that consultancy fees vary consultant to consultant. SOCSO:

1. •Company Incorporation
•Bank Account Open
•Income Tax Certificate
•Sign Board & Premise
•Import/ Export
•SOCSO
•Halal License
•Accounting, Tax and Auditing
Company Registration in Malaysia

2. Company Incorporation
1st
reservecompanyname(proposed3namesasnameis
notavailablealways)
Contact CompanySecretary to arrangedocumentsto be
signedandforwardtoSSM
Itmighttake1daytogetnameapproval
It might takeanother 2days for company incorporation
andreceivedcertifiedcopies
There are 3 addresses used: 1. registered address 2.
businessaddress3. residenceaddress

3. Company Incorporation
NormallychargedtocompanyregistrationRinggit:
4000-5000intotal.
Break down:
Description Fees (Ringgit)
IncorporationtoSSM 1200-1300
Secretary (onetime) 200-300
Hiring/ appointmentsecretary 50-100, monthly
Director appointment 100, eachadditional
Consultancy 2500-3000
Nomineedirector (local) 500
Virtual Office (free6months)

4. Bank Account
Its not easier to open corporate account if all directors
areforeigner (s).
In Malaysia, most of thebanks will discourageto open
accountfor internal issueanditsreallyacrysituation.
Solution with us, make a call us (+601136901890
Viber, WhatsApp, IMO), will facilitate to
openbank account
Local banks like to have local director and foreign
banks like to have big amount of deposit, profit
forecastingandbusinessactivitiesindetail.

5. IncomeTax Certificate
Each company has to have income tax certificate and
within3monthsof companyregistrationaslaw
Inthatcase, wemayhelptogetthecertificate
ItchargedmightbeRinggit1000-1200.
Required documents: Passport copies of directors and
certifiedcopiesof company
Itmightbetake3-5daystobeobtained

6. Sign Board & Premise
It’s arequired licensehaveto havestarting business in
Malaysia.
Theprocess of sign board licenseis to beapplied local
council withsupportingpapers
Required supporting papers: (1) officerental agreement
(2) sign on prescribe forms by the director (s) (3) sign
onformsfromproperty owner (4) furnitureof office(5)
premisedesignplan
Requiredcost: Ringgit400-500
Timetoobtainlicenses: 1-2days.

7. Import/ export license
We have noticed, most of the cases company
registration process, formalities are done and
cooperated by Company Secretary and after company
registration activities investors have to move one door
toanother.
However, if youliketoapply for import/ export license
in Malaysia is required to knock 3 government bodies
andbeingsuchcasesconsultantunliketocooperate.
• Cometousaspackageof following: Company Incorporation,
Bank Account Open, Income Tax Certificate, Sign Board & Premise,
Import/ Export, SOCSO, Halal License, Accounting and Tax and
Auditing

8. Import/ export license
Required supporting papers: all certified copies, tax,
rental, passport of directors, sign board & premise,
sampleof productanddetermineof certainport.
Required time line: 15-45 days, depend on type of
products
Total cost: Expected cost depend on some categories
(Ringgit 2000-3000), provided that consultancy fees
varyconsultanttoconsultant.

9. SOCSO
A person that takes employment under an employer
under contract of a service or apprenticeship contract
is defined as an employee under the Act
SOCSO coverage and protection is only limited
to Malaysian citizensandpermanentresidents.
Promotion, safety, awareness etc are activities of
SOCSO.

10. Halal License
Halal licensearegivenbygovernmentbody
Especially Halal license is required for liquid food
sellingandrestaurant
Required documents: sample of products, certified
papers, restaurantpremiseasplan
Timeline: 2weeks, max.

11. Accounting, Auditing & Tax
Each calendar year accounts of company has to be
prepared. Rush period is June, July and August. So, if
you liketo prepareyour accounts may choiceany other
periodfromrushtime.
Accounting cost: depend of number of transaction but
priceischargedbyconsultantsareringgit2000-4000.
Book keeping, P/L, journal, B/S are maintained
standardof Malaysia.
Note: Youmay findprofessional accountingservicesby
Ringgit1000-2000

12. Auditing
Each year within 12 months companies haveto submit
profit/ lossaccountsbycertifiedof auditor.
As normal practice of Auditors charges are: Ringgit
1000if transactionsarebelowringgit500,000.
But, most of theaudit firmuseasystem, count number
of yearly transaction, once calculate the volume of
transactioncostof themcomesautometically.

13. Income Tax
Asincometaxlaw, corporatehastopaytaxif anyprofit
isdeclared.
Income tax for the foreign companies : 25-30%,
provided that if the directors live in Malaysia for more
than200dayswill beappliedlocal tax, rateislow.

14. S & F CONSULTING FIRM
LIMITED
www.sfconsultingbd.com
Malaysia