Requirements for Company Incorporation
The incorporation of companies under the Companies Act 2016 may be made by individuals who intend to form a company. The basic requirements are:
- Private company – at least one (1) director who ordinarily resides in Malaysia by having a principal place of residence in Malaysia and one (1) promoter; or
- Public company – at least two directors who ordinarily reside in Malaysia by having a principal place of residence in Malaysia and minimum one promoter.
Company Incorporation Procedures
- Requirement for approval of company name from SSM.
- The company’s incorporation application is online using one of the two (2) incorporation methods:
- Direct incorporation – combination of name reservation and incorporation process; or
- Name reservation – submitting the incorporation application within 30 days or such longer period as the Registrar may allow (maximum of 180 days) after the name is approved.
- Incorporation information that needs to be completed is as follows
- The proposed company name
- The status of a private or public company
- The proposed type of business
- The address of registered office
- The business address
- Complete details of directors(s) and promoter(s)
- Declaration from directors(s) and promoter(s)
- Declaration of compliance from individuals responsible for incorporation
- Additional Documents (if any)
