6 Steps of Sdn Bhd company registration Malaysia for nonresidents

Why company registration Malaysia?

When think to expand business in Asian country, Malaysia name will knock in mind at first. Considering good return within short period after company registration Malaysia is one country. There population density is lower and education rate is 100 percent. Income Tax rate, SST is six percent and manufacture company’s tax are 15%. It is a big market and many development cities, KL, Johor, Selangor, Johor Bahru (border of Singapore) & Penang. Operational cost is lower than many Asian countries and global banking facilities. Less corruption that is not measurable inspire foreign investors to register Sdn Bhd company in Malaysia.

Zero Step: Process of registration Sdn Bhd Company

Well, the process of registration a Sdn Bhd company is easy, as company secretary will prepare all documents. At First, a proposed name will be checked if available then register through SSM. The name will valid till 3 months and renew before expiring. Put signature on papers where investors basic information is written. Declare that you are not bankruptcy and never imprisonment by financial and crime activities. Pass photocopy of your passport copy to company secretary and let her prepare draft copies. Pay the fees to proceed next step of incorporation through SSM. For important information, before start of registration must meet with real company secretary. Wait until incorporation papers are received by secretary to your hand.

Step 1: Time and cost of incorporation

To register Sdn Bhd Malaysia company might need 3 to 5 days unless propose name creates any issue. As name rejection is common practice by SSM. If 2 words similar found common with existing company name will be rejected your one. You are advised to propose 3 names that will be longer let, (Your main name) Asia Construction Sdn Bhd. The government cost of Sdn Bhd company registration Malaysia in Ringgit 1060. But there are some other registration costs involve such as:

1.  Secretary Cost

2. Address Use

3. Bank account open cost

4. Printing cost

5. Buy super form

6. Advisory fees

7. Miscellaneous fees

8. Company seal

9. Company chop by secretary cost

10. Board Resolution cost

Go for a package with “S & F Consulting Firm” in Ringgit 4000/- in total and no extra cost will be charged within one year. You may take board resolution as maximum as need with free of cost. Package is right choice to pick avoiding hassle in further.

Step 2: Share and investment Capital

You need in Ringgit 4000 to 5000 at the beginning to show your share capital for any nature of business. Increase share capital after advisory with representative of S & F Consulting Firm as maximum as need. For general trading company, we recommend of share capital in Ringgit 5000 at most. For export and import nature of business, we recommend showing capital RM 500000. For manufacture company we recommend for in Ringgit 1 million of Malaysia company. Initial Investment capital in paper can show in Ringgit 5000. Open a company first then apply for other require licenses. You might worry how to remit 500000 in Malaysia from overseas. You can deposit in cash step by step to increase capital and is requested to speak with S & F team to guide you.

Step 3: Benefits of company registration

Expanding business in overseas is a dream of foreign entrepreneurs. Some benefits will enjoy registering a company in Malaysia. International business flavor will get opening a business in Malaysia. The better favor can enjoy in Singapore, but cost will increase 4 times more than Malaysia. Business transparency, talent staffs, international banking, earning Dollars will meet the dream. Tax rate is reasonable, 6 percent and no income no tax. You can apply for residence visa for yourself and foreign employees once complete the requirement. Currency rate is 4 times shorter than US Dollar and a sustainable market. No political issue created even. Road and highways are very clean and never find dirty to plan in any cities.

Step 4: Disadvantages of registering a company

Beside advantages, some disadvantages are there such as visa, bank account, caught by fake consultant etc. After company incorporation, whether you do business or not must submit annual return is matter of cost. Many cases are found bank account application is rejected without valid reason. Local banks completely discourage to open banks account if the shareholders are foreigners. You will like to apply for work permit to stray in Malaysia to look after business. But it is true that 98 percent of applications are rejected by immigration people. Now, how will you continue business as already invested huge volume of money. Many cases, flying secretary are caught that you never understand at the beginning. Later, at the time when post registration services just started will see the real problem. life will become hell and at an end wind up Malaysia business.

Step 5: Bank Account

Local banks will never assist to open bank account and revoke indeed if shareholders are foreigners. Your company is opened successfully but bank account still pending. You never be able to open bank account and time is going on and return submission time is near to door. Now, what will you do continue or wind up business? Are you worried about bank account being nonresident in Malaysia Company? We guaranteed you to open bank account with foreign banks, rate is 100%. Contact representative of S & F Consulting Firm as expert on Foreign Investment since 2012. Maybank, AM Bank, Public Bank, RHB and all renowned banks will reject your application is ensured 100%.

Step 6: Visa Issue and MM2H

How can you continue business unless obtain visa to live in Malaysia? Your application will be rejected 98% guaranteed. As visa is issued by immigration department and if they are satisfied in heart. You will submit along with all requirement and wait for 3 months to 12 months for the result. In that case, we recommend choosing MM2H, Malaysia My Second Home Program. Contact S & F Consulting Firm to guide you for MM2H. As it is 100 percent guaranteed of approval by 3-4 months.

Conclusion

There are many problems to do business in Malaysia still many opportunities inspire investors to start business. Like, MM2H is a good plan can choice to live in Malaysia for 10 years and do your own business. You are permissible to bring family members along with you and allowed them by law to live 10 years. Easy to earn Dollar as foreign clients always carry Dollar and Ringgit. That is more valuable than your own country. Government is transparent and behavior of people are wonderful. Do whatever you like and earn how you can by legal way. Investor will feel peace in in mind registering sdn bhd company.

Question and Answer

a)  Which bank is better for foreigners?

OCBC, UOB and Standard Chartered bank

b) How to start a business in Malaysia?
Contact S & F Consulting Firm to guide you.

c)  Do we need local partner to open a company?
No, no need at all.

d)    How to contact and find real company secretary?
Contact S & F Consulting Firm Asia Sdn Bhd. You will be allowed to discuss with their own company secretary about your business advisers.

e) How much fees should pay to consultant?
At the beginning 50% in advance and rest of them after company incorporation.

f) Can I get assurance of residence visa in Malaysia?
Yes, can. Apply for MM2H through channel of S & F Consulting Firm.

g) Can I hire nominee director?
Yes can, you can hire nominee director for the company by Ringgit 3000/ yearly fees.