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MM2H PROGRAMME

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Business

Foreign citizens may set up companies, shops, factories or even invest in local stocks market, as long as they abide to the foreign investment ruling of Malaysia.

Business Guidelines under MM2H

All businesses operating in Malaysia must abide to Companies Act 1965 and register to Companies Commission of Malaysia. Foreign citizens are only allowed to register a company limited by shares in Malaysia.

To obtain more information on investment in Malaysia, kindly contact:
Malaysian Industrial Development Authority (MIDA)
Level 4, Plaza Sentral, Jalan Stesen Sentral 5,
Kuala Lumpur Sentral, 50470 Kuala Lumpur, Malaysia
Tel: 603 – 2267 3633
Fax: 603 – 2274 7970
E-Mail: promotion@mida.gov.my
Website: www.mida.gov.my

Kindly visit official website for Companies Commission of Malaysia at www.ssm.com.my to obtain complete charges table. Information source: Companies Act 1965 (Section 125)

Companies Limited by Shares

Most of the companies in Malaysia are companies limited by shares; they can be private limited companies or public limited companies. Companies Limited by Shares can also become private limited companies.

Public limited companies can be registered under Companies Act 1965 (Section 26) and be changed to public limited companies from private limited companies. If the company fulfills the following requirements, it can sell stocks to the public:

1. Register its prospectus to Securities Commission of Malaysia
2. Submit the prospectus to Companies Commission of Malaysia during or before prospectus offering

As long as the company fulfills the requirement of Kuala Lumpur Stock Exchange (KLSE), the public limited company can apply to be listed on KLSE. The company must obtain approval from Securities Commission of Malaysia when it offers any bond (e.g. rights issue, bonus shares, or new shares from taking over).

Capital Requirements

In compliance with the relevant Government policies, regulations and guidelines, the minimum capital or shareholder’s fund, including reserve fund, is RM250,000.

Registration process

1. Register with Companies Commission of Malaysia Please Click Here

2. Look for company secretary service Please Click Here

3. Buy or rent office premise 4. Pay tax Please Click Here

Note

A company must have two directors and a secretary.。

Secretary   Each limited liability company must have at least two directors who must be ordinarily residents in Malaysia. Also director of a company secretary as the company, except in certain circumstances.
     
Executive Secretary   At least one secretary. The Board may appoint a director for the company to become secretary. But he or she must be a member of professional bodies appointed by the Minister, or by the Companies Commission of Malaysia has issued licenses. Company's license to be used 48B / 48C application form to the Companies Commission of Malaysia; or later approved license, valid for three years. Company's shareholders as the company's executives.

We CLS(MM2H) Sdn Bhd will arrange your all application procedures.

For more information please contact CLS(MM2H) Sdn Bhd for further details.