6 Essential Steps for Malaysian Company Incorporation Starting a company in Malaysia involves several critical steps to ensure compliance and smooth operation. Here’s a streamlined guide to incorporating your business in Malaysia: 1. Conduct a Name Search The first step in incorporating your business is conducting a name search with the Companies Commission of Malaysia […]
Understanding the Legal Validity of E-Signatures and Digital Signatures in Malaysia With the rapid growth of e-commerce and digital transformation, electronic signatures (e-signatures) have gained popularity for their simplicity. They allow users to sign documents online with just a click, mimicking a handwritten signature on a document. However, while e-signatures are convenient, their legal validity […]
Understanding Beneficial Ownership Disclosure in Malaysia: Key Requirements and Practices Business entities are crucial to Malaysia’s economic growth, but their structures, such as Sdn. Bhd. or Limited Liability Partnerships, can be exploited for illicit activities like money laundering, terrorism financing, and other serious crimes. Often, the real perpetrators use these entities to hide their identities. […]
6 Methods for Foreign Investors to Obtain Ownership of a Company in Malaysia Foreign investors can establish ownership of a company in Malaysia by setting up one of the following six types of foreign company registration options: 1. Branch Office A branch office in Malaysia operates as an extension of the foreign parent company, without […]
Resigning as a Company Director Can’t Just Walk Away: Resigning as a company director isn’t as simple as quitting a regular job. There are rules, especially under the Companies Act 2016, that make it a bit tricky. Statutory Restrictions: You can’t just up and leave if it means the company will be left high […]
The Companies Act 2016 has recently undergone substantial changes through the implementation of the Companies (Amendment) Act 2024, which became effective on April 1st, 2024. One notable aspect of these updates is the strengthening of the Beneficial Ownership (BO) Reporting Framework, which applies to both domestic and foreign companies operating in Malaysia. 1. Expanded Definition […]
Are you considering becoming a director or shareholder of a Malaysian Sdn. Bhd. company? It’s crucial to understand your duties and responsibilities to ensure smooth operations and legal compliance. Here’s a simplified guide: Who Can Be a Director in Malaysia? Directors must: Be 18 years or older Be a natural person Reside in Malaysia Not […]
In a private limited company (Sdn. Bhd.), usually, we can hear the phrase ‘director.’ So, what are the roles and duties of a director in Sdn. Bhd. Company? Any individual who occupies the role of director in a corporation, regardless of the designation used, is referred to as a company director. This includes anyone who […]