How to set up an Enterprise in Malaysia?

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HowtosetupanEnterpriseinMalaysia?

IfyouarelookingforthelegalservicesofCompanyIncorporationinMalaysia,thenyouhave cometotherightplace.Registrationwala,oneofthepremiumLegalConsultancyProvidersinall ofSouthEastChina,providesthebest-of-classservicesfor companyformationinMalaysia

Ifyouwishtoavailofsuchservices,thenconnectwithourIncorporationExperts.Asforthis article,wehavewrittenthislong-formcontenttodetailhowyoucanRegisteraBusinessin Malaysia.LetusseetheseIncorporationstepsonebyone.TheprocessofCompanyRegistration inMalaysiaisenlistedinthefollowingpoints:

1. ConductCompany'sNameSearchonthechosenphrase

2. ReservethetradingnamefortheCompany

3. ApplyforCompanyIncorporationwiththeMalaysianAuthority

4. FiletherequiredDeclarationfortheIncorporationprocedure

5. Examinerassessestheapplication

6. IssueofNoticeofRegistration

7. ObtaintheIncorporationCertificateandrequiredpermits

Letuslookateachofthesestepsindetail.

image source : freepik

ConductingNameSearchandReservingitwithMalaysian NomenclativeAuthority

ThecompanyregistrationapplicantinMalaysiamustconductaNameSearchontheirchosen companynametochecktheavailabilityintheCorporateRegister.Someoftheguidelinesfor namingandreservingaCompany'stradenameinMalaysiaaredetailedinthefollowingpointers:

1. ACompanynameinMalaysiamustbeunique.Inaddition,itmustnotbesimilartoan alreadyregisteredname

2. ACompanynameapplicantinMalaysiamustcomplywiththeCompaniesAct's requirements

3. ACompanynameapplicantinMalaysiacannotuseoffensivetermsfortradenaming

4. ACompanynameapplicantinMalaysiamustnotbreachanyoftheIPRRightsinMalaysia

5. ACompanynamemustbereservedwiththeIPRAuthority

6. ACompanynameapplicantinMalaysiamusttimelysubmititsincorporationdocumentsto theSSM

7. TheACompanynameapplicantmustsubmitthedocumentswithinthreemonthsofitsname approval

ApplyforCompany IncorporationwiththeMalaysian Authority

Theapplicantmustprovidetheincorporationdetailsintheirregistrationapplication.Also,he mustprovidethedetailsrelatedtothefollowingentities:

1. Directors

2. Shareholders

3. CompanyMembers

Inaddition,thecompanyregistrationapplicantmustalsodetailtheto-be-undertakencommercial activitiesbytheCompany,alongwithitsofficialaddress.

FiletherequiredDeclarationforthe Incorporation procedure

TheCompanyRegistrationapplicantinMalaysiamustprovidetherequiredDeclarationstothe AuthoritiesinMalaysia.Thesedeclarationsmuststatetheprovidedinformationinthe registrationapplicationandassertittobetruetohisknowledge.

Examinerassessestheapplication&IssuesofNoticeof Registration

Afterthesubmissionoftheregistrationapplication,theSSMwillreviewandcheckthe applicationforanyfutureinconsistencies.IftheSSMencountersnoproblemsrelatedtothe application,thenitwillsendacompanyregistrationnoticetotheBusinessapplicant.

ObtaintheIncorporationCertificateandotherrequired Licenses

Iftheregistrationapplicationisincompliancewiththerequisiteproceduresandthesubmission isdonebyattachingthedulyattesteddocumentswiththeprescribedlicensingfee,theSSMwill issuetheIncorporationCertificatetothecompanyapplicant.

AftertheIncorporation,thenewlyregisteredCompanymustapplyforandobtaintherequired permitfromtheAuthoritiesbeforestartingitscommercialactivitiesasspecifiedinits MemorandumandArticlesofAssociation.

Contentsource:https://biiut.com/read-blog/45438_how-to-set-up-a-enterprise-in-malaysia.html

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