Ultimate Guide to Register Sdn Bhd Company
Welcome to the Ultimate Guide to Register Sdn Bhd Company. If you’re looking for Sdn Bhd Company Registration Guide and know to to, you’re in the right place. In this comprehensive guide, we’ll walk you through the entire process, let you understand and know more about the process, ensuring a smooth and successful company registration in Malaysia.
The process of company registration in Malaysia involves the following steps:
Step 1 : Begin by knowing what’s required to register a Sdn Bhd company in Malaysia.
Step 2 : Decide on the company structure and gather the required documents.
Step 3 : Check if the company name you want is available.
Step 4 : Sign the paperwork to officially incorporate the company.
Step 5 : Set up the company and open a bank account for it.
Step 1 :
Begin by knowing what's required to a Sdn Bhd company registration in Malaysia. (Key Requirements for register Sdn Bhd in Malaysia)Shareholders
- A minimum of 1 shareholder is required
- Maximum number of shareholders is 50
- Shareholders can be individuals, whether local or foreign, and also corporate entities.
- A 100% foreign ownership is permitted, meaning that all shareholders can be foreign individuals or entities.
Directors
- A minimum of 1 director is required
- Directors must ordinarily reside in Malaysia, by having a principal place of residence in Malaysia.
- The director can be either a Malaysian or a foreigner.
Capital
- A minimum of RM1 in capital is required.
- Later on, if needed, you can add more money to increase the capital and just inform the company registrar.
Company Secretary
- The company appoint a qualified company secretary within 30 days of company incorporation.
- The secretary must be a member of a professional body or licensed by the Companies Commission of Malaysia (SSM).
- When you incorporate your company with us, you can appoint us as your company secretary
Address
- The company must maintain a registered office address in Malaysia, which will serve as the company’s official address for communication and legal documents.
- When you choose to incorporate your company with us, our address will serve as your registered address.
Step 2 :
Decide on the company structure and gather the required documents for Register Sdn Bhd
The next step to register a Sdn Bhd company in Malaysia is to decide its corporate structure. Here are a few of the main questions you should consider:
- Shareholders
Who will be the shareholders of the company and what percentage of shares will each shareholder own? - Directors
Who will be the directors of the company? Will you require our nominee director service? - Capital
What will be the initial share capital of the company? As a general rule, most companies are initially incorporated with a small capital, such as RM100.
Malaysia Sdn. Bhd. company registration regulations require that identification and background information about the proposed shareholders and directors of the company must be collected and verified by the firm that is incorporating the company. Below are general guidelines for the types of documents that should be provided to satisfy this requirement.
- NRIC Copy (Local)
- Passport Copy (Foreigner)
- Certificate of incorporation of the company
- Business profile of the parent company
- Board resolution from parent company authorizing the registration of a subsidiary company
Step 3 :
Check if the company name you want is available. (How to Ensure Availability for Your Company Name when Register Sdn Bhd)
In Malaysia, the legal framework governing companies necessitates a separate name approval process before a company can be formally incorporated. This name approval procedure is swift and straightforward, provided you adhere to the following criteria:
- Uniqueness
The chosen name must be distinct and may not closely resemble the name of an existing business in Malaysia. - Unreserved
The name should not have been previously reserved by another individual or entity, as a single name reservation is permitted at a given time. - Avoid any violations of existing trademarks.
The selected name should not violate any trademark or copyright, except those owned by your organization. - Respectful Language
The name must not contain any explicit or offensive content, and it should refrain from using obscene or vulgar language.
By ensuring that your chosen name aligns with these guidelines, you can efficiently navigate the name approval process and progress toward the incorporation of your company in Malaysia.
You can generate potential company name ideas by visiting the website https://www.mydata-ssm.com.my/. If you choose to register your Sdn Bhd company with us, we will guide you through the entire process, providing support from the initial name approval stage to securing your desired business name.
Step 4 :
Sign the paperwork to officially incorporate the company (Signing the Essential Paperwork for Register Sdn Bhd)
Once the name has received approval, you will need to prepare, sign, and submit the following documents to the SSM and your company secretary:
- Consent to Act as Director
Agreement from each company director to fulfill their role as a director. We’ll handle the preparation of this document for your company. - Consent to Act as Secretary
Acknowledgment from the company secretary to serve as the company secretary. We’ll take care of the documentation on your company’s behalf. - Company Constitution
You have the choice to adopt the company constitution, but it’s essential to note that, except for companies limited by guarantee, an Sdn Bhd company may decide whether to implement a constitution. - Declaration of Beneficial Ownership
Ensure you provide information regarding beneficial ownership of the company
Step 5 :
Set up the company and open a bank account for it. (Last & Vital Steps for Register Sdn Bhd)
Upon the completion and proper signing of your incorporation documents, we will initiate the company registration process with SSM Malaysia. Notably, this registration process is conducted exclusively online and, in the majority of cases, can be finalized in within a day.
SSM will furnish the following official documents:
- e-Certificate of Incorporation
This is an official electronic document that serves as confirmation of your company’s successful registration in Malaysia. The form includes crucial details such as the company name, incorporation date and company’s registration number. - Superform
Section 14 deals with the “Application for Registration of a Company,” a document you get after your company is officially formed. Often referred to as the “SUPER FORM” because it replaces many separate forms that used to be necessary for registering a company in Malaysia.
This document contains some of the company’s most vital information, such as:
- Company Name
- Company Type
- Incorporation Date
- Company Registration Number
- Business Nature, MISC Code, and Business Description
- Business Registered Address
- Particulars of Directors & Shareholders
- Price per Share, Class of Share and Number of Share per Shareholder
- Information of the person who submitted the incorporation application (normally will be the Company Secretary)
Opening Bank Account for your Sdn Bhd Company in Malaysia
Due to the increased stringency of Anti-Money Laundering (AML) regulations, banks are now extending the processing time for opening new bank accounts. Our guide on corporate bank account opening serves as a valuable introduction to this matter.
Following your company’s incorporation, our team will provide recommendations for banks that align with your specific requirements and facilitate introductions to the bank executives. Notably, some of these banks offer the convenience of remote bank account opening, eliminating the need for you to travel to bank for this purpose.