When you are starting a business, the thought of company registration in Malaysia may be the farthest thing from your mind. After all, you have more pressing matters to attend to such as product development, marketing and finance. However, doing your homework on the different requirements for company registration in Malaysia will save you time and money down the road.
1. What Exactly Is Company Registration In Malaysia?
Enjoying a fully-fledged business license is something that very few people can afford to do right now. Since this is not something any business can do on its own, the first step you need to take is to justify a company name. When building a business name, you need to be sure that the domain you choose will have enough room to keep expanding and taking notice of you through the industry.
This is where conducting a Registered Name Search can come in handy.
First and foremost, you should check if your domain name has already been registered.
You can search this specific process by typing the word “registration” in your search bar at the top of the browser.
By this point, you have all your information together and should now proceed to a formal company formation.
Your company is now legally considered to be a ‘mazloom’ company.
2.Find out and Declare Enough Income to register a company
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Paragraph: You need to satisfy the minimum amount of funding that a business must have.
The minimum amount of funding required is based on the amount of equity you want to raise.
2. Is Company Registration In Malay Legal?
Furthermore, there are certain statutory requirements you must also meet.
They are as follows.
• Form filing
• Audit (or a compulsory audit anyway)
• Memorandum of Association
• Please note that all of these will be filed at BandarSMS, located at Lebuh Perdana, 101 Kuala Lumpur.
If so, I would recommend using a company registration company in Australia or Indonesia as they can guide you through the process.
Alternatively, if you are creeped at the idea of paying the Exchequer upfront fees for filing your forms and ratification and the red tape involved, then the option of foreign incorporation can be your best bet.
It is worth it though to consider the cost of options equally, as filing all the relevant forms and gathering all the documentation can be quite expensive, ranging from $12,000 to $15,000, depending on the number of shareholders and other business considerations.
3. Is Obtain legal companies available in india?
Investor is keen to make a good deal that will lead to a profitable business venture, so you will need to approach the transaction with care.
Don’t take shortcuts to achieve a cheap deal. This is where you will lose control and compromise your businesses potential.
It is better to get it right the first time rather than regretting it later.
Choose your methods and companies carefully to be as sure as possible for success.