You need a resident director/shareholder, a local residential address and a minimum paid-up capital of RM1.00 (though some situations may require more).

If all submissions are in order, it takes 3-5 business days. Note that missing details, however minor, often lead to delays, which is why it’s important to compile all relevant information before filing documents.

Yes and no. Incorporation can be done without a business address, but one will be needed later to secure the necessary operating licenses post-incorporation. To save time, incorporate now so that by the time you do have a business address, you’re not starting from square one.

A company seal is a physical stamp with the company’s details used to show acknowledgement and approval of any official documents. Under the Companies Act 2016, a company seal is not required unless company asks for it.

Minimum one (1) and maximum fifty (50) shareholders.

Yes. Anyone 18 years old and above (local or foreign) can be a director of the company so long as they fulfil the requirements under the Companies Act 2016.

Directors ensure the soundness of short and long-term business operations, and must at all times exercise care, skill, and diligence in the execution of their powers for the company’s best interests. They must avoid conflicts of interests where they leverage their position to directly or indirectly benefit themselves, their relations or any party other than the company, Learn more here.

Shareholders are not exposed to personal risks and their liabilities are limited by share ownership. In other words, under normal circumstances, shareholders cannot lose more than the amount they have invested in shares.

Yes. Shareholders may sell or transfer shares to any party so long the buyer can afford the purchase price and the transaction is compliant with the Company Constitution or Shareholders’ Agreement (if any).

The standard corporate tax rate on chargeable income is 24%. For small and medium-sized companies (i.e. paid-up capital of less than RM2.5 million and annual sales of less than RM50 million), the corporate tax rate is 17% on the first RM600,000, and 24% on any amount thereafter.

Yes. Companies set up in Malaysia are required to set up a bank account, in which they deposit their minimum share capital to formalise the setup process. MISHU can assist with the bank account opening process.