Malaysia is our closest neighbour. Singaporeans love to go there to tour, to enjoy the cheap and delicious food and to shop. In addition, we also love the very affordable personal services such as massage, hair cut, manicure and pedicure.
Malaysia has a population size of approximately 32.7 million in 2020. According to World Bank Malaysia Economic Monitor (December 2020) report, Malaysia’s economy is projected to grow by 6.7% percent in 2021. It is thus not surprising that Singapore companies have been seeking to invest in Malaysia, either to use it as a manufacturing base or to capture the huge domestic market.
Depending on the nature of the business, all foreigners can incorporate a company in Malaysia with 100% equity interest. However industries such as oil and gas, tourism, education and agriculture require at least 50% Malaysian ownership. For advisory and consultancy business, foreigners need to invest at least RM500,000 in paid up capital. For import, export, restaurant and trading business, a minimum paid up capital of RM100,000 is required.
The above criteria may vary from time to time, depending on the directives and guidances issued by the Malaysian government.
In order to incorporate a Malaysian company successfully, you need to fulfil the basic requirements listed below:
Minimum one Shareholder
Minimum one Resident Director (We offer Nominee Director service, in case you do not have a local resident director)
A Resident Company Secretary who is either a member of a prescribed professional body or is licensed by the SSM
Minimum paid up capital of RM1
To help our clients expand in Malaysia, we have an office and dedicated team there. The office is headed by Mr Esa, who has many years of experience in financial and management accounting, corporate secretarial, taxation and human resource management. Prior to joining us, Esa has many years of experience working with the Johor State government. Thus he is able to help you to apply for permits and licences in the shortest possible time.
In business, time is $$$!
We also provide additional services such as feasibility studies, industrial and agriculture land acquisition, buying ready built factories and offices.
We offer competitive rates for services that you need in Malaysia:
*Terms and conditions apply.