Setting up Foreign Entity in Malaysia

FAQs

1) Can a different name be used to register a foreign Company in Malaysia?

No. The foreign Company shall be registered under the same name as registered in its place of origin, provided the name is available.

2) What happened if the name from the origin company is not available to be reserved?

With the approval from the registrar (SSM), company may reserve other name which is different from the place of origin.

3) Can the foreign company change its agent after the establishment?

Yes, at any time and to notify the registrar (SSM) within 14 days from the effective date of the changes.

4) Can the foreigner become the agent?

Foreigner who is residing in Malaysia can become an agent for the foreign company. The proof of residing in Malaysia must be attached such as tenancy agreement any utilities bill under their name.

5) Can the foreign company has its own structure of Directorship and Shareholding?

No. The Directorship and Shareholders structure must follow the structure from the place of origin.

6) Can the foreign Company fixed its own Financial Year End?

No. It must follow the Financial Year End from the origin place.

7) Is the any obligation to report to registrar (SSM) when the foreign company has ceased its operation in Malaysia?

Yes. If a foreign company has ceases to have a place of business or to carry on business in Malaysia, the foreign company shall, within 7 days from ceasing, to lodge with the registrar a notice to that fact, and as from the day on which the notice is lodged, the obligation to lodge any documents, other than documents ought to have been lodged before that day, shall cease.

8) How long does it takes for registrar (SSM) to remove the name of foreign Company from register after cessation?

The registrar (SSM) shall remove the name of that foreign company from the register upon the expiration of 12 months after the lodging of the notice.

9) Can the foreign company hold immovable property?

Yes. Foreign company may hold any immovable property in Malaysia.

Contact us

Email:
admin@asi.my
sec@asi.my

Telephone:
+603-2770 8133

Mobile:
+6012-646 9833

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