company formation in malaysia
TRANSCRIPT
A presentation brought to you by CompanyIncorporationMalaysia.com
Company formation in Malaysia
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Register a company in Malaysia The company formation procedure in Malaysia starts by drafting the articles of association, the main statutory documents of a company registered here.
The procedure also includes the issuance of various documents required under the Malaysian legislation.
The founding partners of the business should provide their personal documents.
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The registration procedure in Malaysia Businessmen who want to open a company in Malaysia must register it at the Companies Commission, the main institution which provides the right to operate on the local market.
The procedure starts by submitting an application containing a proposed company name.
If the company name is accepted, the investor will be required to submit the registration documents.
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The registration documents in Malaysia The registration documents must be submitted within three months from the date of approval of the trading name.
The registration process requires the following documents:
memorandum and articles of association;
statutory declaration by a director;
declaration of compliance with the Companies Act.
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Other registration documents in Malaysia
The shareholders of a company in Malaysia will also need to provide :
a letter from Companies Commission of Malaysia, attesting the approval of the trading name of the company;
copy of the identity card of the directors and secretary.
Our team can assist in this procedure.
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Legal entities in Malaysia
According to the Companies Act 1965, foreign investors can incorporate the following legal entities:
company limited by shares, which can be set up as private limited company or as a public limited company;
unlimited company.
Public limited companies are allowed to sell the company’s shares.
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Register for taxation in Malaysia
Companies operating in Malaysia are required to register for tax purposes.
A company is considered a tax resident in Malaysia if the management and control of the company are set up in this country. Companies are also liable to paying the corporate tax and VAT.
Our team of company formation agents in Malaysia can offer assistance on tax requirements.
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Corporate tax in Malaysia All companies registered in Malaysia have to pay the corporate tax.
The Malaysian taxation system provides two types of corporate tax rates, as follows:
standard tax rate, applicable at 24%;
lower tax rate, imposed at 19%, under special conditions.
Our specialists can help investors with information related to tax planning in Malaysia.
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Business forms in Malaysia
Foreign investors can set up various types of businesses, such as joint ventures.
A joint venture requires the association of two different companies that will work on a common project for a specified period of time.
Businessmen can also set up a holding company, which is incorporated with the purpose of controlling other smaller companies in Malaysia.
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Consultancy Services in Malaysia
When opening a company, it is crucial to study the abilities of the local workforce.
Investors are welcomed to contact our team of company formation consultants in Malaysia for more details on this subject.
Our agents can also assist investors in finding solutions for tax minimization which can be applied under the local law.
Thank you for your attention!
For more information please contact us at:
(+44)203-287 0408 (for international clients)
www.companyincorporationmalaysia.com
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