Frequently Asked Questions (FAQ)

1. Private Limited Company (Sdn. Bhd.) – most popular for foreign and local investors.
2. Sole Proprietorship – for Malaysian citizens and permanent residents only.
3. Partnership – also limited to citizens/PRs.
4. Branch Office – for foreign companies expanding into Malaysia.
5. Representative Office – for non-trading activities (market research, liaison, etc.).

• Foreigners can own 100% of a Private Limited Company (Sdn. Bhd.), except in certain restricted sectors.

• Approvals may be needed for sectors like oil & gas, education, and telecommunications.

• SecPro is ready to assist your company by referring to our Consultation team to handle this for your Company.

• The minimum paid-up capital for a Sdn. Bhd. is RM1.00.
• However, if you are applying for certain business licenses or work permits, a higher capital (e.g., RM500,000–1,000,000) may be required.
• Please consult with SecPro on your business needs and We shall advice you accordingly.

• Typically, 5–10 working days, assuming all documents are in order.

• Name search and approval take 1–2 days, and registration can be completed shortly after.

• At SecPro we guarantee fast expedient results.

• A minimum of 1 director who must ordinarily reside in Malaysia.
• A minimum of 1 shareholder, who can be local or foreign.
• Directors must be at least 18 years old and not bankrupt or convicted of malpractice.

• All companies must have a registered office address in Malaysia, which can be a commercial office or a virtual office (if permitted).

• Consult SecPro for your office address needs.

• Annual returns and audited financial statements must be submitted to the Companies Commission of Malaysia (SSM).
• Tax filings with the Inland Revenue Board (LHDN).
• Compliance with Employment, EPF, and SOCSO regulations if hiring staff.

• This depends on your business activity.

• Some sectors require additional licenses from local councils or ministries (e.g., F&B, retail, education, import/export, fintech, etc.).

Yes, once your company is registered. Most banks require:

• Company registration documents
• Board resolution to open an account
• Copies of directors’ and shareholders’ passports/ICs
• Proof of business address

• Foreign directors and key personnel can apply for an employment pass, subject to company eligibility (often based on capital and business activity).

• Some investors may be eligible for the Malaysia My Second Home (MM2H) visa or entrepreneur/investor visas.

• Kindly contact SecPro for information on services relating to the above.

• Resident companies are taxed at 17% on the first RM600,000 of chargeable income and 24% thereafter.
• Non-resident companies are generally taxed at 24%.

• A Company Secretary is an officer of a company who ensures compliance with the Companies Act 2016 and other regulatory requirements.

• In Malaysia, every company is required by law to appoint at least one licensed company secretary within 30 days of incorporation.

• Yes.

• Under Section 235 of the Companies Act 2016, every private limited company (Sdn Bhd) must appoint at least one company secretary who is licensed by the Companies Commission of Malaysia (SSM) or a member of a prescribed professional body.

Failure to appoint a Company Secretary is an offence under the Companies Act 2016 and may result in fines or penalties imposed by SSM.

• SecPro offers transparent, fixed-fee packages suitable for startups, SMEs, and established businesses.

• Please refer to our Pricing Page or contact us directly for a custom quote.

• Yes.

• you may change your Company Secretary by passing a board resolution and notifying SSM via Form Section 58 within 14 days of the change can assist with the entire process.

• Yes.

• SecPro offers comprehensive company incorporation services, including name search, document preparation, submission to SSM, and post-incorporation support.

• Yes.

• SecPro acts as Company Secretary for both local and foreign-owned companies operating in Malaysia.

• Yes.
• SecPro provides a registered office address in Malaysia to fulfill SSM requirements and receive official correspondence on your behalf.