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Why does Incorporated company Malaysia have a high demand?
Over time demand for the incorporated company, Malaysia, continues to grow further. A company can get incorporated with SSM (company commission of Malaysia) only through a certified company secretary. 3E Accounting is a Malaysian oriented company that is registered with SSM can help you with the setup and registration of your business in Malaysia. As a pioneer provider of Malaysia Company Incorporation services, they are offering a full variety of company establishment agent services at a reasonable price and assists you in the opening or registration of Sdn Bhd in Malaysia. Per year hundreds of companies and startup businesses were incorporated through 3E accounting. All these super features make 3E accounting a one-stop solution for the new store in Malaysia.
What are the main requirements to develop a new company in Malaysia?
In Malaysia, a company limited by shares is the most common and successful method to carry out your business because it provides limited liability status to its stakeholders. The main prerequisites to incorporate a company in Malaysia are given below:
-A minimum capital paid up of 1 RM only.
-At least one subscriber should be in the shares of the company.
-At least one director should be a resident of Malaysia from the past 18 months, and he/ she is not a person who is bankrupt or been imprisoned or convicted for five years period
-At least one company secretary should be a member of prescribed professional bodies which are authorized or licensed by SSM (Company Commission of Malaysia)
-Must have a registered office in Malaysia through which all the coordination takes place. Mostly in Malaysia secretarial offices can be used as a head office or registered office.
What is SDN BHD or standard company incorporation package, and what it brings to the table for company registration?
Standard Company incorporation package SDN or BHD is a package which is very much suitable for local entrepreneurs for company registration in Malaysia. Standard Malaysia incorporation services package 1000 RM includes the following things:
-It provides an unlimited name search for availability of names which you have proposed to register a company in Malaysia
-Two times name reservation with registered SSM
-Approval letter for name use
-From 1 RM to 1000RM paid-up capital
-1000RM payable registration fee which you have to pay to SSM
-Form submission to SSM after registration
-Prepare the resolution for the first meeting of the Board of directors.
-Preparation of resolution to open the bank account of the company (account opening process is free up to two accounts).
-Preparation of 2 sets of certified exact copies of incorporation documents
-Bank account opening and introduction to OCBC bank without any charges
-Certificate of incorporation for free
-Free advisory services and incorporation are consulting.
-Free SST advice and tax planning from tax director
-Free name tag to display at the registered office
-“.com” domain name registration for one year
-Free setup of G suite email for up to two users
-For setup of Malaysia company with stakeholders, beneficial owners and directors more than three persons or entity, the extra charges of 100RM per person or entity is applied
Secretarial services package fee includes the following:
-Qualified professional staff should be appointed as corporate secretary.
-Company common seals should be kept safe if there are any.
-Maintenance of register and minutes book
-Sincere advice on important matters such as statutory, secretarial, compliance, accounting, tax, and SST matters.
-Looking after and ensuring compliance with related legal requirements, especially under the Companies Act and income tax ACT. Regular update on agreement via email
Facilities which you will get with the provision of registered office address:
-Availability of statement of the letter on demand
-Free services of letter scanning on request
-Free letter notification on email on daily bases
-Self-collection of parcels and mails from Monday to Friday (9 AM-6 PM) without any handling fees
-Courier arrangement and mail forwarding to the local and overseas address on a daily, weekly and monthly basis with only 1RM forwarding service fee per transfer
Suggestions for the new startups who are looking to incorporate their company in Malaysia.
Malaysia is an investor-friendly country and a peace-loving nation. Their economy is one of the top growing industry-based economies now they are shifting towards a knowledge-based economy. Nearly from the last decade, their economy hasn’t faced any dip or bad patch. So it is entirely rational to invest your capital in this country.
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