Lucas Noah 
A blend of incorporation in Malaysia is an improvement you can use to save yourself money. There are clear advantages when one incorporation of a company in Malaysia which were not there before incorporation. This incorporation in Malaysia has some very high-end benefits that will assist the owner and the people employed by it. Although incorporation in Malaysia brings some legal responsibilities, incorporation involves:
- Procedures like registration.
- Obtaining a government-issued incorporation number.
- They are searching for an incorporation agent, which makes the incorporation of a simple company process. Even new business entrepreneurs can do it on their own.
It’s quick and easy nowadays to get your company incorporated; all you need is to access the internet or contact your incorporation agent about incorporation of a company in Malaysia. They will guide you through the whole incorporation process.
There are 3 different incorporations of company types in Malaysia:
Private limited incorporation; established with a memorandum and articles of association providing the incorporation name, its object, and rules for running the affairs by private incorporation (company registration). It’s best suited for an established corporation with full-time directors and employees to run their business operations.
Public incorporation; provide transparency on disclosure and more flexibility on share issues where one can list at Bursa Malaysia. This suits small-medium companies with a turnover of up to RM 50 million (the capital requirement is RM 1 million). It is also suitable for a smaller organization like society or clubs, which requires many funds to run their business operations.
Close incorporation operates like private incorporation, but this incorporation of a company is more suited for a sole-proprietorship. Personal incorporation has a higher capital requirement while close incorporation is less, thus more favorable to small-scale businesses that don’t need substantial capital or funds to run their business operations.
In Malaysia, there are certain documents, information, and requirements that need to be provided before the incorporation process starts, which include:
Names on incorporation papers should be legally distinct from the names of an existing company (corporate name) and its proprietor (partnership name). This means you cannot use the same name as what is already listed with ROC or previously registered in any other. You can list your incorporation with the same incorporation of a company in Malaysia name as the incorporation agent.
You must provide incorporation papers, incorporation application form, and incorporation checklist (to list part-time directors) to the incorporation agent to start the incorporation process (refer to your incorporation agent for further information).
Ensure that the incorporation agent has a fax number or email or contact person to communicate with you. If there is no fax number, then providing an email address would be good enough since it’s a more convenient communication method.
Incorporation fee should be paid by cash upon incorporation processing completed (this depends on your incorporation agent); this fee involves the registration fee, administrative fee, and the legal fee, which can range from RM 800 – 1. Make sure you inquire about the incorporation fee before the incorporation agent starts incorporation processing.
The incorporation agent will provide the incorporation number once the incorporation process is completed, and an incorporation certificate with incorporation name, incorporation date, and incorporation address will be delivered to you via night express or courier service.
You need to provide DOBs/Passport copies of the directors as part of the incorporation requirement for new private limited company registration in Malaysia. These DOBs must match those on your Passport so that there are no discrepancies brought up to anyone during a postal check by Malaysian postal services upon sending out your incorporation certificate.