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FAQ – Frequently Asked Question
Can a foreigner register company in Malaysia?
Yes, as a foreigner you can register 100% foreign shareholding company
What are the checklists to register a company in Malaysia?
Below are the required checklists to register a company in Malaysia:
- At least 3 Proposed company names
- Nature of business
- A photocopy of shareholders and directors passport/ IC color copy.
- Supporting documents like utility bills as a proof of address
- Percentage of share holdings
- Complete residential address, email address and contact number for all shareholders and directors.
Do I need a local nominee director to register a company?
It’s not a mandatory option, to register a company in Malaysia you must need a local residential address, if you don’t have any local residential address then we can appoint a nominee director for you to register a company.
How long it takes to register a company?
4/5 working days
Can a foreigner open company bank account in Malaysia with tourist visa?
Yes, of course can as we have partnership with few more foreign banks like HSBC, OCBC, STANDARD CHARTERED, so with tourist visa also anyone can open company bank account.
What are the requirements to register SDN BHD?
- Minimum one shareholder
- Minimum one director
- A company licensed secretary under SSM
Can a foreigner apply for work permit under company?
Yes after registration, company can apply for ESD registration which will allow company to give work permits to foreign shareholders, directors or foreign staffs. To apply for ESD company needs to increase paid up capital which is:
- For 100 % foreign shareholding company- Rm 500,000
- For 51% local shareholding company- Rm 350,000
- For 100% local shareholding company- Rm 250,000
Does a company require any license other than registration to run the business?
- For opening office or shop- Signboard and premise license
- For Restaurant or retail shop- WRT License
- For Export import- Export Import permit
- For opening a Bar- Alcohol License
- For Manufacturing- Manufacturing License.
Other than these there are few more license like Certificate of origin(COO), Health certificate, SIRIM approval, Dagang net approval ( ours expert team will advise you)
Do I need to travel Malaysia for opening company?
No, to register a company no need physical presence but to open bank account must have to come Malaysia physically.
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