Business incorporation, setup, plan and ideas

Business incorporationOffice rentPrepare Budget Know foreign investment lawKnow the market & competitors Know customersApply different ideas and planSmall & big business ideas

What type of business will be setting up and way of incorporation should be cleared before Company Secretary.

Contact the Company Secretary who is authorized secretary , no flying secretary.

Consultant with the secretary your plan, law of business, investment policy and repatriation.

Know information as entrepreneur whether “office” is required or no for registering a new company.

Know information of company Act

Discuss company registration fees and government fees and how to be remitted the sum to the consultant?

Discuss office rent, living cost, business environment with Company Secretary

A Company Secretary can register your business & act as Company Secretary of your company .

Discuss with Company Secretary how to open bank account in Malaysia?

Discuss local partners are required to incorporate a business or do NOT?

Entrepreneurs can incorporate business as Private Limited Liability Company

Subsidiary Company, mean total or major of the shares shall be purchased by the parent company

Joint Venture companyBranch office registration or, representative

office registration

Minimum two directors are require to incorporate a new business in Malaysia , provided that local Malaysian residing should appoint as director to full fill unnecessary conditions.

In case of Joint Venture Majority shares should be allocated for the local partners

Company Secretary shall reserve company name

Prescribe forms namely form 24, 48 A, 49, 44 should be signed by the directors

Additionally directors shall put signature on papers of Memorandum & Article of Association

Directors/ entrepreneurs can send the signed papers through courier to Company Secretary to execute registration procedure

Normally it may take 7 to 10 days to complete company incorporation from SSM.

Obtaining import license and manufacturing license another 15 to 30 days may require.

Cost of company incorporationCategory A: US$ 2999 (for small size

company: service or general trading company).

Category B: US$ 3999 (for medium size company: import export company)

Category C: US$ 4500 plus (for large size company: Manufacture company)

Business Ideas in MalaysiaMajor business areas are: Electronics,

Garments, Food, Restaurant, Glossary, Manufacturing, Import and export, General trading, Oil, Real Estate and more..

Ideas are key of business success and information is the keys of ideas.

Apply a right ideas in right time to gain

Make a plan as short time basis and long time basis as entrepreneurs

Prepare investment budget for 1 year without expecting good return.

Steps in right way to success. Small investment at primary level is better to get taste of market.

Know as maximum information as possible as investors to know more about market.