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All businesses in Malaysia are required to register with the Malaysian Companies Commission (SSM). Are you looking for someone to assist with Sdn Bhd register? We are in a notable position as a premier provider of Sdn Bhd incorporation services to offer you a full range of services at best value for money. We will offer you support in opening a company or incorporate Sdn Bhd in Malaysia. Marie J & Co provides comprehensive business and financial solutions to Malaysian small and medium-sized businesses (SMEs). We offer extensive services, including Sdn Bhd incorporation, accounting, taxation, SST compliance, and financial due diligence. Our team of highly skilled professionals provides rapid solutions to incorporate Sdn Bhd. The establishment of Marie J & Co is primarily an effort to restructure our portfolio of services and manpower to serve our clients better. Check out the criteria for Sdn Bhd register below.
The information needed to register a private limited company (Sdn. Bhd.) are:
There are basically three (3) stages to incorporate a private limited company (Sdn. Bhd.) in Malaysia:
1st stage, Obtain proposed name approval from Companies Commission of Malaysia (SSM). Normally SSM will take few hours to two (2) working days to reply on the request. There will be three kinds of result:
2nd stage, as the name search approval is obtained, we will prepare the documents to be signed by the shareholders and directors. This process can be done within few hours to few working days and depends on the actual appointment timing between the company secretary, shareholders and directors. The full payment for incorporation is required to be fully settled before proceeds to next stage.
3rd stage, as all the documents are signed, we will submit to the relevant government agencies (e.g. Companies Commission of Malaysia) to proceed stamping and submission. Normally SSM will take one (1) to five (5) working days to issue the incorporation certificate (Section 17). The company has successfully incorporated once the certificate was issued by SSM.
The company can normally be set up within three (3) to ten (10) working days.
Yes. Foreigners can set up a 100% foreign holding company in Malaysia without Malaysian involved. However please take note that according to Companies Act 2016 Section 196, every company shall have at least one (1) director (He can be Malaysian or foreigner), who shall ordinarily reside in Malaysia by having a principal place of residence in Malaysia.
Yes. Foreigners can set up a 100% foreign holding company in Malaysia without Malaysian involved. However please take note that according to Companies Act 2016 Section 196, every company shall have at least one (1) director (He can be Malaysian or foreigner), who shall ordinarily reside in Malaysia by having a principal place of residence in Malaysia.
The maintenance fees of a dormant private limited company should be at the range of RM2,000.00 to RM3,000.00 (Include audit fee and secretary fee). If the company is active during the year, the compliance cost that the company need to pay to maintain the legal status inclusive of:
Yes, but please take note that the holding company must pass a directors’ resolution to confirm their purchases on the subsidiary shares.
A newly incorporated private limited company (Sdn. Bhd.) shall prepare audited report within eighteen months from the date of its incorporation; and subsequently, within six months from its financial year end.
A private limited company shall lodge with Companies Commission of Malaysia (SSM) an annual return for each calendar year not later than thirty days from the anniversary of its incorporation date.
A private limited company (Sdn. Bhd.) can be terminated by the following methods:
Under Section 235 of Companies Act 2016, every company shall have one or more secretaries. Therefore, we suggest you engage our services directly, this will save your time and effort.
The major different is the liability to creditors. The liability of the shareholders of the private limited company (Sdn. Bhd.) to creditors is limited to capital originally invested while sole proprietorship/partnership have unlimited liability to their creditors.
Private limited company (Sdn. Bhd.) is a legal entity, it will not be terminated in the case of changes in shareholders or directors.
Sole Proprietorship registration is the most common and simplest legal business structure option in Malaysia. Sole Proprietorship is governed by Companies Commission of Malaysia (Suruhanjaya Syarikat Malaysia) and Registration of Businesses Act 1956.
Owner must be a Malaysian Citizen or Permanent Resident of Malaysia, aged 18 years and above.
The information needed to register a sole proprietorship are:
The business can normally be set up within few hours to 1 working day.
No. Sole proprietorship is only available for Malaysia Citizen or Permanent Resident.
Sole proprietorship need to pay RM30 (personal name) or RM60 (trade name) per year to renew the business registration. The business can be registered or renewed for a period of 1 to 5 years and not exceeding 5 years with the specified prescribed fee.
The major different is the liability to creditors. The liability of the shareholders of the private limited company (Sdn. Bhd.) to creditors is limited to capital originally invested while sole proprietorship/partnership have unlimited liability to their creditors.
Private limited company (Sdn. Bhd.) is a legal entity, it will not be terminated in the case of changes in shareholders or directors.
Yes, A partnership can change its status to a sole proprietorship or from sole proprietorship to partnership (trade name) by registering such a change using (Form B) and registration fee is RM20.00.
Sole proprietorship can be closed/terminated by notification to Registrar or expiry of the registration. Business owner shall notify the Registrar within 30 days from the date the business ceased operation.
In the case of the death of the owner of the business, the person responsible or the next –of-kin of the deceased owner shall within 4 months from the date of such death notify the Registrar.
Complete Notification of Termination of Registered Business ((Form C) for active business. Form C is not required to be submitted for business that has expired.
Yes, you can visit nearest SSM with your photocopy IC and set up/incorporate sole proprietorship yourself.
Partnership registration is the common and legal business structure option in Malaysia. Partnership is governed by Companies Commission of Malaysia (Suruhanjaya Syarikat Malaysia) and Registration of Businesses Act 1956.
Partners must be a Malaysian Citizen or Permanent Resident of Malaysia, aged 18 years and above. Minimum two partners are required to form a partnership in Malaysia.
The information needed to register a partnership are:
The business can normally be set up within few hours to 1 working day.
No. Partnership is only available for Malaysia Citizen or Permanent Resident.
Partnership need to pay RM60 (trade name) per year to renew the business registration. The business can be registered or renewed for a period of 1 to 5 years and not exceeding 5 years with the specified prescribed fee.
The major different is the liability to creditors. The liability of the shareholders of the private limited company (Sdn. Bhd.) to creditors is limited to capital originally invested while sole proprietorship/partnership have unlimited liability to their creditors.
Private limited company (Sdn. Bhd.) is a legal entity, it will not be terminated in the case of changes in shareholders or directors.
Yes, A partnership can change its status to a sole proprietorship or from sole proprietorship to partnership (trade name) by registering such a change using (Form B) and registration fee is RM20.00.
Sole proprietorship can be closed/terminated by notification to Registrar or expiry of the registration. Business owner shall notify the Registrar within 30 days from the date the business ceased operation.
In the case of the death of the owner of the business, the person responsible or the next –of-kin of the deceased owner shall within 4 months from the date of such death notify the Registrar.
Complete Notification of Termination of Registered Business (Form C) for active business. Form C is not required to be submitted for business that has expired.
Yes, you can visit nearest SSM with your photocopy IC and set up/incorporate sole proprietorship yourself.
Partnership suitable for two or more partners who are:
Limited Liability Partnership (PLT.) registration is an alternative business vehicle under Limited Liability Partnership Act 2012 which combined the characteristic of a company and a conventional partnership. Limited Liability Partnership (PLT.) is governed by Companies Commission of Malaysia (Suruhanjaya Syarikat Malaysia) and Limited Liability Partnership Act 2012.
The Limited Liability Partnership shall appoint at least one compliance officer from amongst its partners or persons qualified to act as secretaries under the Company Act 2016 who-
The information needed to register a Limited Liability Partnership are:
The Limited Liability Partnership can normally be set up within three (3) to ten (10) working days.
No. As minimum one Compliance officer must be citizen or permanent citizen and ordinarily resides in Malaysia.
The minimum maintenance fees of a Limited Liability Partnership is RM200 (SSM charges for annual declaration)
The major different is the liability to creditors. The liability of the partners of the Limited Liability Partnership to creditors is limited to capital originally invested while sole proprietorship/partnership have unlimited liability to their creditors.
Limited Liability Partnership is a legal entity, it will not be terminated in the case of changes in partners.
Yes, but please take note that the holding company must pass a directors’ resolution to confirm their investment and corporate representative in the Limited Liability Partnership.
A Limited Liability Partnership shall lodge with Companies Commission of Malaysia (SSM) an annual declaration for each calendar year not later than ninety days from the end of the financial year of the Limited Liability Partnership.
In the case of the first annual declaration, it shall be lodged not later than eighteen months from the date of the registration of the Limited Liability Partnership.
Yes, you can do so if you are compliance officer of the Limited Liability Partnership. However a compliance officer is personally liable to all penalties including administrative penalty imposed on the Limited Liability Partnership. Therefore, we suggest you engage our services directly if you are not familiar with the Limited Liability Partnerships Act 2012, this will save your time and effort.
There are many fundamental differences between an LLP and a company. Amongst others, the differences are: –
The main responsibilities of a compliance officer are such as: –
A compliance officer is personally liable to all penalties including administrative penalty imposed on the LLP unless if he can prove that he is not liable.
There are no limits for maximum number of partners.
Yes. LLP being a separate legal entity can own assets/properties just like a company.
Unless provided in the agreement, there is no mandatory auditing requirement for LLPs.
Marie J & Co is one of your trusted chartered accountant firms in Malaysia. We offer a comprehensive accounting service to businesses of all sizes.
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