Are you considering establishing a Private Limited Company (Sdn. Bhd.) in Malaysia? Understanding the requirements is crucial for a smooth and successful setup. Here’s everything you need to know:
1. Paid-up Capital: You only need a minimum paid-up capital of RM1 to start your company.
2. Shareholders: You must have at least one shareholder, and there’s no maximum limit. This flexibility allows for easy ownership structuring.
3. Directors: A minimum of one director is required, who must be at least 18 years old, residing in Malaysia, free of bankruptcy, and not convicted or imprisoned in the past 5 years.
4. Company Secretary: Appointing a Company Secretary is mandatory. They must be a member of a prescribed professional body or licensed by the SSM, ensuring compliance with regulatory requirements.
5. Registered Office: Your company must have a registered office in Malaysia for official communications. Typically, the secretarial office serves as the registered office.
By adhering to these requirements, you can navigate the process of establishing your Private Limited Company (Sdn. Bhd.) smoothly and legally in Malaysia. Whether you’re a local entrepreneur or a foreign investor, understanding these steps is essential for a successful business venture.