What is Sendirian Berhad (Sdn. Bhd.)?
A Sendirian Berhad (Sdn Bhd) company in Malaysia is a private limited business entity which can be started by both locals and foreigners. All businesses in Malaysia are required to be registered with the Companies Commission of Malaysia (SSM). The SSM is the governing body which oversees the companies operating in Malaysia, and an Sdn Bhd in Malaysia is no exception to the rule.
Why Register Sdn. Bhd. in Malaysia?
An Sdn Bhd company is among the most popular in Malaysia because it is considered a separate legal entity from its owners. As one of the most established business entities in the country, its excellent reputation has made acquiring a loan much easier.
Where to Register Sdn. Bhd. in Malaysia?
In order to register new sdn bhd company in Malaysia, you must engage a company secretary to go through the whole company registration process.All sdn bhd companies will be incorporated with the Companies Commission of Malaysia (Suruhanjaya Syarikat Malaysia or SSM in Malaysia), SSM Malaysia is a statutory body which regulates companies and businesses.
For more details, see: Register sdn bhd company in Malaysia
Basic Requirements to Register Sdn. Bhd. Company.
In order to register new company in Malaysia, the following are needed:
- Proposed company’s name
- At least 2 local directors
For more details, see: Register sdn bhd company in Malaysia
Basic Requirements to Register Sdn. Bhd. Company.
What Details do I need to form a company?
- Proposed name of the New Company
- Business activities of the New Company (max 3)
- Photocopy I/C (Malaysian) or Passport (Foreigner) of all directors & shareholders.
- Residential addresses of all directors & shareholders, if these are different from I/C.
- Information of Paid-up capital of the Company (Min. RM2 & Max RM2,500)
- Share structure of the New Company (percentage of shareholding by each shareholders)
For more details, see: Register sdn bhd company in Malaysia
How long does it take to register a Sdn. Bhd.?
- Company name search with SSM: 1 day
- Once Name is approved, we will draft the registration documents: 1 day
- Submission to SSM for registration of your new company: 1-2 days
- Notice of Registration by SSM: Same working day/1 day
Total Minimum working days: 3 days (depends on the SSM officer)
Can new Company open bank account?
Yes, all new companies can open bank account with any bank in Malaysia, subject to respective bank’s policies & requirements.
However, there are a lot of changes in banks’ policies for opening bank account recently, we strongly advise you to visit any bank to clarify with the relevant bank officers & ensure you are fully aware & ready with the exact requirements from the bank.
Please take note that a foreigner without working permit/business visa OR Malaysian who has been blacklisted by Bank Negara will have difficulty in opening/operating company’s bank account.
Can I increase my company paid up capital to 1 million?
Yes you can but only after you inject the capital into the bank and provide us the bank slip and we will assist you to the next step.
How much are the annual cost to maintain the company?
A company should budget at least RM3,000 every year to spent on professional charges (audit, tax, secretary & accounting) in order to comply with all statutory requirements (LHDN & SSM).
Who can be the director of company?
Any person who want to be a company director must fulfil the following conditions:
- Full age (18 years old)
- He is not an undischarged bankrupt;
- He has not been convicted whether within or without Malaysia of any offence;
- He has not been imprisoned for any offence within the period of five years immediately preceding the date of his appointment;
- He consents to act as Director.
What is registered office or registered address?
Every company must have its registered office situated in Malaysia.
It is general practice in Malaysia that the registered office is located at the Company Secretary’s office in order to fulfil the requirement of Section 139(3). A company may change its registered address in order to comply with CIDB requirements.