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Incorporation
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Who can register a private limited company (Sdn. Bhd.)?
Residents of Malaysia whom 18 years old and above, and those who are not disqualified under Section 198 of the Companies Act 2016.
What is a Sdn. Bhd.?
A Sdn. Bhd. (Sendirian Berhad) is a private limited business entity which is a separate legal entity from its owner(s).
How many directors are needed to register a Sdn. Bhd.?
One, who also acts as the sole shareholder of the company to register a Sdn. Bhd.
How much is the minimum paid-up capital to a register a Sdn. Bhd.?
RM1.
Can a foreigner register a Sdn. Bhd. in Malaysia?
Can. However, at least 1 director with ordinary residence in Malaysia is needed. Visa is needed if you are the sole director of the company and you are not a Malaysian citizen.
Do I have to appoint a company secretary for my Sdn. Bhd.?
Yes. All Sdn. Bhd. must appoint a company secretary within 30 days from their date of incorporation.
Can I close down my existing Sdn. Bhd. and register a new Sdn. Bhd. with the same name?
Yes. However, a holding period of 2 years must be honoured before the existing Sdn. Bhd. name can be reused by a new entity.
What are the roles and duties of a company secretary in my company?
- Assisting in company registration.
- Advising the company on compliance to laws and regulations.
- Preparing annual returns and filing financial statements.
- Keeping meeting minutes and written resolutions of board meetings, etc.
Does the registered address represent my company business address?
No. A company registered address is usually where the company secretary office is located. It is open and accessible to the public during its business hours. This is also where all company documents kept.
If I own an enterprise, partnership or LLP, can I convert it to Sdn. Bhd.?
No. Changing your business entity is not allowed as they are different in business nature.
