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A Complete Guide to Form a Company in Malaysia (Part 1)

According to the World Bank’s 2018 Ease of Doing Business ranking, Malaysia, which came in at number 24, is quickly gaining popularity as one of the top investment locations for conducting firm and establishing a business there. Although starting a business in Malaysia is not particularly challenging given its high rating in the article, it might be a daunting endeavor without the right information on how to register a business in Malaysia and get started. Considering launching you own business in Malaysia and deciding what to do first?

Understanding the procedures involved in establishing a business is helpful and crucial for people beginning new enterprises in Malaysia. Although the steps here will walk you through them.

These are the three steps to starting a business in Malaysia:

Step 1: Registration preparation

Step 2: Registration

Step 3: Post-registration

Step 1: Registration Preparation

Choosing the appropriate business structure for your desired firm, choosing a company name, deciding, and appointing competent official, registered office requirement and capital needs are the initial steps in establishing a company.

The preparation procedures for registering a corporation are outlined below.

Choosing a business structure

Selecting the appropriate business entity is the first step in creating a company in Malaysia.

To choose which entity best aligns with your aims and objectives, you should conduct study on each one.

Malaysia business entities include:

* Sole proprietorship

* Partnership

* Limited Liability partnership

* Private limited company