1. What are the steps to incorporate a company in Malaysia?

To incorporate a company in Malaysia, you need to choose a legal structure (typically Sdn. Bhd.), reserve a company name, prepare required documents (such as directors’ and shareholders’ details), register with the Companies Commission of Malaysia (SSM), and open a corporate bank account. Bris Group provides end-to-end assistance to ensure a smooth registration process.

2. How long does it take to register a company in Malaysia?

The registration process in Malaysia typically takes between 3 to 5 business days, provided all documentation is complete. Bris Group expedites this process with professional guidance and local expertise.

3. What is the minimum capital requirement for setting up a Malaysian company?

For most Malaysian companies, there is no minimum paid-up capital requirement, but RM1 (or equivalent) is standard for registration. Certain sectors may require higher capital, which Bris Group can advise on.

4. Can foreigners establish a company in Malaysia?

Yes, foreigners can establish a company in Malaysia easily. There are no restrictions on foreign ownership in most sectors, and Bris Group offers comprehensive support to international entrepreneurs throughout the setup process.

5. What are the legal structures available for company formation in Malaysia?

The most common legal structure is the Private Limited Company (Sdn. Bhd.), but options also include sole proprietorships, partnerships, and branch offices. Each has different requirements and benefits, which Bris Group can help you choose.

6. What are the tax benefits of doing business in Malaysia?

Malaysia offers competitive corporate tax rates (generally 24%), tax incentives for promoted sectors, and access to extensive double taxation treaties. These benefits make Malaysia an attractive investment destination.

7. Do I need a local director or partner to incorporate in Malaysia?

Foreigners can own 100% of a Malaysian company without local partners or directors. However, at least one director must be a resident of Malaysia. Bris Group assists in fulfilling these requirements.

8. How much does it cost to set up a company in Malaysia?

The total setup cost typically ranges from RM3,000 to RM10,000, including registration, legal, and administrative fees. Bris Group offers tailored packages to suit your specific business needs.

9. How long does it take to open a bank account for a Malaysian company?

Opening a bank account in Malaysia generally takes 1 to 3 weeks. Bris Group can assist with documentation and banking procedures to facilitate a faster setup.

10. What licenses or permits are required for doing business in Malaysia?

Depending on your industry, specific licenses or permits may be required, such as manufacturing licenses or trading licenses. Bris Group provides guidance to secure all necessary approvals.

11. What ongoing compliance requirements exist for Malaysian companies?

Companies must submit annual financial statements, tax returns, and hold annual general meetings. Bris Group offers ongoing corporate services to ensure compliance with Malaysian laws.

12. Can I establish a regional headquarters or branch office in Malaysia?

Yes, Malaysia encourages foreign companies to set up branch offices or regional headquarters, especially in sectors like manufacturing, technology, and finance. Bris Group provides expert support for establishing and managing such entities.

13. Are there residency requirements for company owners and directors in Malaysia?

No, there are no residency restrictions for ownership. However, at least one director must be a resident of Malaysia. Bris Group helps fulfill these legal requirements efficiently.

14. How long does the process of registering a branch office or representative office take?

Registering a branch or representative office typically takes about 2 to 4 weeks, depending on the application and documentation. Bris Group streamlines this process for clients.

15. What is the process for dissolving or closing a Malaysian company?

Dissolution involves resolving liabilities, filing necessary paperwork with the SSM, and settling tax obligations. Bris Group provides guidance to ensure a smooth and compliant closure process.