3 ways to set up a company in Malaysia
Established as a branch of foreign company
Become a branch of foreign company. Low management and maintenance cost and business activities are allowed. But, will not eligible for tax incentives. Also, there are restrictions on license acquisition in many kind industries.
Business activities such as commercial transactions are prohibited and only non-profit activities are permitted. The office is usually valid for 2 years and renewal procedures are required.
Established a Resident Company
If you are thinking of expanding your business from overseas to Malaysia, establishing a local Malaysian company is recommended. This company will not have any relationship with overseas company and no legal liability. Our company is supporting resident company establishment.
Up to 2 work permit can be acquired (for capital of RM500,000).
The work permit allows you to live and earn income in Malaysia.
Foreigner’s name is 100% permitted to be your company’s name.
The corporate tax rate in Malaysia is 20%, but there are special tax rate of 0% which applied to IT company for 10 years.
|Corporate Tax Rate||24%|
RM1,000,000～ (Trading, retail, restaurants, etc.)
*For aquiring employement pass
*The director must be a long-term resident of Malaysia.
|Employment Pass||Yes, it can be renewed. In recent years, there have been many cases where the first renewal was for one year. It is possible to obtain a dependent pass for dependents.
*Minimum monthly salary: RM5,000 or more. However, in reality, it is difficult to obtain a visa unless it is RM10,000 or higher.
|Employment||Required (Malaysian recruitment is not mandatory.)|
|Company Secretary||Required (Qualified Company Secretary is required.)|
|Corporate Bank Account||Yes|
|Residency in Malaysia||Not required|
Please contact us through our website. We welcome your questions.
Start application procedure. Normally takes 2-3 weeks.
Once the application is accepted and registration is complete, you will open a corporate bank account in Malaysia.
Business license, work permit application and get approval.
|Support contents||★Malaysian corporate operation manual|
|★Government related procedures|
|★Opening corporate bank account (you must present yourself at the bank)|
|Fee||RM8,000 (inclusive of above services)|
|Additional support||★Work permit application support (RM13,000/Individual, RM15,000/Couple, Additional RM1,000/child)
★Business license application support (RM10,000～) *
*Business license support depends on nature of business.
We have various know-how and we are well aware of the legal arrangements related to the establishment of a company in Malaysia.
We will introduce our local network that we have built up to now. Based on our experience of local business activities, we can provide various type of support and information on the business market in Johor Bahru, Malaysia to help you to start your business here.