Start off your business officially in Malaysia by incorporating a "Sdn Bhd" (Private Limited) company.
The main reason for starting a Private Limited company is that it gives the business owners limited liability which is not available in other forms of businesses such as partnerships or sole proprietorships. Your business credibility will also be enhanced as most reputable business ventures are Private Limited companies.
Incorporating A Company For Malaysians
Where a company is wholly or majority owned (measured in percentage of shares held) by Malaysians, the requirements are:
At least 2 persons
Malaysian citizens and residents
Above 18 years of age
Not an undischarged bankrupt
Has not been convicted of a serious offence within the past 5 years
Possess Malaysian Identity Card (IC)
Incorporating A Company For Non-Malaysians
Where the company is wholly or majority owned (measured in percentage of shares held) by non-Malaysians, the requirements are:
At least 2 persons
At least 2 Directors must have principal place of residence in Malaysia
At least 1 of the 2 Directors must be a Malaysian citizen and resident
Above 18 years of age
Not an undischarged bankrupt
Has not been convicted of a serious offence within the past 5 years
Possess Foreign passport, any other document to state unavailability of passport is not accepted
