Company Incorporation in Malaysia
Setting up a company for foreigner
How to set up a company in Malaysia?
What incentive will my company get?
What’s the first step?
These are the common question ask by my foreign client from ICT indsutry.
Even there are few who incorporated a company in Malaysia, only come to realise that they are not allowed to operate in Malaysia mainly due to visa issue.
Yes, foreign company can incorporate with a minimum paid up capital of RM2. However, having a company in Malaysia doesn’t mean that the foreign investors/directors can already stay in Malaysia for long term. The foreign investors/directors would still be required to go through a work permit process to stay here for long term.
Method of setting up:
- 100% foreign owned – minimum paid up capital RM500,000
- Joint venture with local – minimum paid up capital RM350,000
Note: It is very important for a company to engage with the right consultant/company secretary who will provide an end to end consultation. A detail study is important especially on the company objective and long term plan. All these will greatly affect the method of incorporation and company structure.
There are many ways of incorporating a well established company in Malaysia especially for Information and Communications Technology (ICT) industry. MSC Malaysia Status is one of the way.
Interested to know more? Let us know your situation!