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Simple and easy steps on incorporating your Company online

Want to set up your Company in Malaysia and unsure of the regulations? We are here to assist you on it. Say hello to hassle free Company registration Sdn Bhd in Malaysia from anywhere in the country.

Requirement for Private Limited Company Registration in Malaysia

Things to check before you proceed for your incorporation of Private Limited (Sdn Bhd) with us.

Eligibility as Director

  • Malaysian/ Foreigner
  • At least 1 director resides in Malaysia
  • Age of 18 and above
  • Not bankrupt

Documents required

  • Copy of Identification Card (IC)/ Passport
  • Proof of residency 
  • Authorised letter (if your proposed company name has trademark / controlled words)

How Our Online Company Incorporation (Sdn Bhd) works

Easy steps and process. We are here to make things easy for you

Pre-Application
1. Register with us & Pay for Incorporation Package

1. Register with us & Pay for Incorporation Package

Fill up the online form, attach documents required for Company Incorporation (Sdn Bhd) and make payment.

Day 1
2. Verify your identity

2. Verify your identity

We will do a quick KYC process on the identity of directors, members and shareholders of the proposed Company

Day 1
3. Preparation of all documents

3. Preparation of all documents

We will prepare documents necessary for directors and shareholders to sign

Day 2
4. E-Signing of Documents

4. E-Signing of Documents

All directors and shareholders will need to sign required documents online

Day 3
5. Submission to SSM

5. Submission to SSM

Once all documents has been signed, we will submit application of Incorporation to SSM

Day 4-5
6. That’s it

6. That’s it

Once SSM has approved, we will issue you notice of registration. Normally it takes up to 2 working days

Our Pricing

Your complete Company Incorporation services Malaysia package. We have various flexible packages that suits every founder’s appetite. Here’s what you get

PAYG
All In

Pay As You Go

Package plan that enables you to pay for additional services needed as your grow your business.

RM 2,419
  • Incorporation Fee (RM899)
  • SSM Incorporation Fee (RM1,010)
  • 6 months Digital Secretary retainer fee (RM85 monthly)
Popular
RM 2,004
  • Incorporation Fee (RM899)
  • SSM Incorporation Fee (RM1,010)
  • 1 month Digital Secretary retainer fee (RM95 monthly)

All In

Package plan that includes statutory needs for you  business. Less headache and more time on your business.

RM 2,869
  • Incorporation Fee (RM899)
  • SSM Incorporation Fee (RM1,010)
  • 6 months Digital Secretary retainer fee (RM160 monthly)
Popular
RM 2,099
  • Incorporation Fee (RM899)
  • SSM Incorporation Fee (RM1,010)
  • 1 month Digital Secretary retainer fee (RM190 monthly)

Quick start with above package for Company Incorporation

Includes:

Please refer to our Digital Company Secretarial Service Package for more details on the feature of PAYG plan and All In plan. Enjoy more savings with our annual retainer fee.

*pricing above are only for Company Registration (Sdn Bhd) for local Malaysian directors and shareholders only. For foreign directors or shareholders, please contact our Overseas Corporate Services section.

Frequently Ask Question (FAQ)

A Sdn. Bhd. is a private limited Company limited by shares where its shareholder(s)’ liability is limited to the amount of shares held by the shareholders. It is also a separate legal entity with full capacity to carry on or undertake any business, sued or be sued etc. It is more suitable for experience entrepreneur in Malaysia. 

It is the most common type of business registration for foreigners in Malaysia.

Sdn Bhd has its unique feature.

Advantages

  1. Limited Liability – means the owner (i.e. shareholder) of the Company are only liable to the amount of money invested into the Company through its shares. An entrepreneur’s personal wealth is therefore protected if the business suffers severe losses or fails.
  2. Separate Legal Entity – Sdn Bhd Company and owner are two separate entity. The company will continue to exist even if the owner dies, resigned, or relinquishes ownership in any other manner.
  3. Lower tax rates – Sdn Bhd are taxed at a Company tax rate which are relatively lower than running a business enterprise that are taxed on personal tax rate.
  4. Easier to obtain loan – Banks generally favor Sdn Bhd as it is reliable and trustworthy as Sdn Bhd needs to follow more stringent rules in maintaining it.
  5. Easier to seek for alternative funding such as angel investors etc.

Disadvantages

  1. More compliance and governance – Sdn Bhd need to comply with Companies Act 2016 in Malaysia where there are yearly mandatory submission need to be adhere to
  2. More costly to maintain a Sdn Bhd than Business Enterprise (Sole Proprietor or Partnership). 
  • At least one (1) director who ordinarily resides in Malaysia by having a principal place of residence in Malaysia.
  • Minimum one (1) shareholder – can be individual or corporate bodies
  • Minimum one (1) Malaysia resident Licensed Company Secretary (Foundershive provides  Company Secretarial services)
  • Minimum of RM1 as paid up capital

Shareholder
Also known as member. It is party who owns the Company through holding shares of the Company. It can be individual or Corporate Body

Director
Also known as Board of Director. Director are individual that are being appointed by shareholder to manage the Company. Director and shareholder can be same individual.

Company Secretary
Appointed by Board of Director. Company Secretary is an individual who are licensed under Professional Bodies in Malaysia or SSM to act as Company Secretary.

Company secretary duties are to ensure that the Company comply to the Companies act and relevant law; to ensure information of shareholder, director are up to date; to lodge annual return and annual financial statement to SSM; safekeep all meeting minutes and written resolutions of board meetings; provide Certified True Copy documents for opening a bank account, etc.

 

According to Section 236 of the Companies Act 2016, all Sdn Bhd must appoint a company secretary within 30 days from its date of incorporation. If you incorporate your Sdn Bhd through Foundershive, Foundershive will automatically be appointed as your company secretary.

When incorporating your Sdn Bhd, we advised you to incorporate with minimum RM1,000 being the normal minimum deposit required to open business bank account.

We accept up to RM10,000 paid up capital in cash upon incorporating. Meaning you will not have to provide us proof of capital injected.

Any amount above RM10,000 will required proof of payment into your bank account (can only be done after setting up Company and opening of business bank account).

There are several cost to be consider upon setting up your Company. Below are general guidelines for you to have in mind.

One time cost
a) Cost of Setting Up Sdn Bhd – Foundershive able to assist you in setting up Sdn Bhd with SSM. Refer to our pricing above.
b) SSM charges RM1,000 (incorporation fee) and RM10 (administration fee)

Yearly Cost

a) Secretary Retainer Fee – depending on the package chosen offered by Foundershive – estimate minimum RM900 yearly
b) Lodgement of Annual Return, Audited Financial Statement and Beneficial Ownership Reporting to SSM – estimate RM800 -RM1,000. Exclude this fee if you chose All In Packages for item (a).
c) Accounting Services – Accountant to prepare your yearly management account to be submitted to auditor – Price varies depending on the number of transactions and complexity of the accounts. Price starts from RM1,500. You may also able to exclude this if you have your internal accountant to prepare it for you.
d) Audit Service – Auditor will required to audit your yearly management Account. Fee varies and depends on the Yearly accounts. Price starts from RM1,500 for dormant Company.
e) Tax Agent – Tax agent will assist in calculating your Company Tax and filling it to LHDN. Price starts from RM700

Estimation Total for Yearly Maintenance of Sdn. Bhd (a-e). is RM5,400 and above

Please use the above estimation only as guidelines

No, your company’s registered address is not necessarily the same as its business address.

A company’s registered address is usually where the company secretary’s office is located, which is open and accessible to the public during ordinary business hours. This is where all company documents (according to Companies Act 2016), need to be kept and are accessible.

Business address is address where you operate your business. It may be anywhere in Malaysia be it a home address if you are operating your business from home.

The processing time will be 7-9 days upon receiving complete documentation. In best case scenario, we will take only 4-5 days to register your Sdn Bhd.

You may download our Company Incorporation Form (link).

Documents to be prepared in softcopy:

  • IC (front and back)/ Passport of all directors and members
  • Proof of residency (example it can be bills on your name) for any one of the director
  • Authorised letter (if your proposed Company name has trademark/ controlled words)
  • Credit/ Debit Card for payment

After receiving the notice of registration, certificate of registration, and Superform 14, notice of appointment of First Company Secretary we can proceed with opening a business bank account.

Different bank has different requirement and format of resolution required. You are advised to check with bank branch on the sample of the resolution to open a bank account and required document especially that involves Company Secretary Certified True Copy (CTC).

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