If you were to consider setting up a company in Malaysia, here are some infographics that come in handy.
Setting Up A Business in Malaysia
Malaysia is located strategically in South East Asia, becoming one of the popular business hubs. With the developed infrastructure in Malaysia, logistics, railways, main road, airways, telecommunications brings much convenience in running a business.
The favourable tax rate in Malaysia enables your business to have lower operational costs. The government has given a wide variety of grants for entrepreneurs to set up a company in Malaysia.
You will be getting an educated and talented workforce in Malaysia easily. The multilingual and culture embedded in Malaysia made no language barriers for foreigners to incorporate a company in Malaysia.
Requirements for Setting Up A Company In Malaysia
What do you need in setting up a company in Malaysia? All businesses are required to have a business plan and company name before incorporating a business. In addition, below are some other basic requirements needed for business incorporation in Malaysia:
- Minimum 1 resident director
- Minimum 1 shareholder
- Minimum 1 local secretary
- Local registered company address
- Minimum RM1 paid-up capital
After all the incorporation documents submission, your company will need to open a corporate bank account. Not to forget, all the licenses and permits acquiring based on your business nature and model.
Although all these could probably be tedious and complicated in the process, you still have the option to engage with professional company secretarial services in Malaysia to help you manage all these tasks.
This section presents infographics relating to Malaysia company incorporation.