Business owner need to know for starting an Sdn Bhd company in Malaysia
Planning to start your own business in Malaysia? Then you will need to know how to register an SDN BHD Company in Malaysia guide as you begin to include your first company in Malaysia.
What is SDN BHD Company?
What do you need to know about registering an SDN BHD company in Malaysia?
Let us start with the obvious question – what is a Sendirian Berhad (or SDN BHD as it is commonly known) company anyway? An SDN BHD Company is a legal business entity in Malaysia with limited liability through shares.
When you register a Sendirian Berhad company, you include a private company, and the words SDN BHD appear together with the company name. The most common form of entity in an SDN BHD business in Malaysia, many foreign and local entrepreneurs want to register with SDN BHD Company.
As an alternative to Malaysia’s most popular business entity, SDN BHD Companies is a legal entity separate from its shareholders. This means that the directors have limited liability for the debt and losses of the company.
How do I register a Sendirian Berhad Company in Malaysia?
All Malaysian companies can only be registered through an authorized license secretary which means you need to be hired for the process. All companies will need to register with the Malaysian company’s commission, known locally as SSM (Suruhanjaya Syarikat Malaysia). SSM is a statutory body that governs all the companies and businesses legally operating in Malaysia.
All entrepreneurs will need approval from SSM for the alleged or proposed business name before you can move on to the registration process. Currently, all entities can only be registered in Malaysia through SSM’s Micro ID system, which can only be done through your Registered Company Secretary
What are the Registration Requirements of an SDN BHD Company in Malaysia?
To register an SDN BHD Company in Malaysia you will need at least 2 directors who are residing in Malaysia and 2 shareholders. Your managers certainly did not declare bankruptcy before their appointment.
You will need to prepare the following details:
- Name of the proposed company.
- Business activities of the new company (maximum 3 should be listed).
- Photocopy of passport (foreign) or IC (Malaysian) for all directors and shareholders.
- The residential address of all directors and shareholders.
- Information about the paid-up capital of the company.
- Share the structure of the new company.
Need a hand? S & F is here to help!
There is definitely a growing demand among entrepreneurs who are looking to incorporate and register an SDN BHD Company in Malaysia. Because of this, registering a company in Malaysia is now easier than ever, especially since S & F Consulting Firm is the industry’s leading expert in all business setups and our panel of experts will help you get the business you need from start to finish. If you’re ready to join Malaysia, we’re ready to help! For more information about our available services, visit the S & F Consulting Firm website to get started.