Have you been thinking about setting up a company in Malaysia? Malaysia is a booming economy in Southeast Asia with a favorable business environment. With its strategic location and multilingual workforce, Malaysia is an ideal place to incorporate a company. In this article, we’ll guide you on the costs of incorporating a company in Malaysia and the importance of seeking professional assistance.
Malaysia Company Incorporation: What are the Costs?
Incorporating a company in Malaysia requires compliance with legal requirements, and the cost of incorporating can vary depending on the type of business entity. The following are the costs involved:
Name Search
The first step in incorporating a company in Malaysia is to search for a unique company name. The name search can be done through the Companies Commission of Malaysia (SSM) portal. The cost of a name search is RM30 ($7 USD).
Company Registration Fee
The cost of registering a company in Malaysia varies depending on the type of business entity. The SSM registration fee ranges from RM1,000 ($240 USD) to RM5,000 ($1,200 USD).
Company Secretary Fee
It is mandatory for all companies in Malaysia to appoint a company secretary. The cost of hiring a company secretary can range from RM600 ($144 USD) to RM1,200 ($288 USD) per annum.
Share Capital
A minimum paid-up share capital is required for incorporating a company in Malaysia. The minimum share capital for a private limited company is RM2 ($0.50 USD).
Other Costs
Other costs include business licenses, work permits, and visa applications. The cost of these additional requirements varies depending on the nature of the business and the type of visa required.
Malaysia Company Incorporation: Why Seek Professional Assistance?
Incorporating a company in Malaysia can be a daunting task for many business owners. Seeking professional assistance from a corporate service provider like 3E Accounting Malaysia can help simplify the process. Their team of experts can provide guidance on the legal requirements and assist in the incorporation process.
Additionally, hiring a corporate service provider can help business owners save time and avoid costly mistakes. With their knowledge and experience, they can ensure that the incorporation process is smooth and hassle-free. Seeking professional assistance can also provide business owners with peace of mind, knowing that their company is set up correctly and in compliance with legal requirements.
Setting up a company in Malaysia may seem complicated, but with the right guidance and assistance, it can be a smooth process.
Seek Professional Assistance for Your Company Incorporation Needs
Incorporating a company in Malaysia can be a grand process with many legal requirements and costs involved. Seeking professional assistance from a corporate service provider like 3E Accounting Malaysia can simplify the process and provide business owners with peace of mind. As such, it is recommended that business owners seek professional assistance for their company incorporation needs.
If you’re looking for a reliable corporate service provider in Malaysia, look no further than 3E Accounting Malaysia. With their team of experts and years of experience, they can provide you with the guidance and assistance you need for a successful company incorporation.
Setting up a company in Malaysia is a grand undertaking. Let 3E Accounting Malaysia help you with your Malaysia company incorporation and SSM registration needs.
