Setting up Foreign Entity in Malaysia
FAQs
No. The foreign Company shall be registered under the same name as registered in its place of origin, provided the name is available.
With the approval from the registrar (SSM), company may reserve other name which is different from the place of origin.
Yes, at any time and to notify the registrar (SSM) within 14 days from the effective date of the changes.
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.
No. The Directorship and Shareholders structure must follow the structure from the place of origin.
No. It must follow the Financial Year End from the origin place.
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.
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.
Yes. Foreign company may hold any immovable property in Malaysia.