S & F Consulting Firm Asia Sdn Bhd is business consultancy firm in Malaysia, provide business advisory, bank account, employment visa and MM2H services to nonresidents. Free advisory with team of S & F will bring extra cheers about business setup in Malaysia. You might do not know how to register a company in Malesia as foreigner and what are the businesses are required? Licenses and investment capital vary upon nature of business. Company can be registered by RM 1 but might not be eligible to do your desired business. Take free advisory and discuss about business plan and know yourself the procedure, cost, and timeline. Without local partner (shareholder) any company is registered if follow FDI law and rules of local government offices. WRT license is required for small and medium enterprises and where RM 1 million capital is needed to show in bank as investors. If local partner hold maximum shares WRT is exempted by law. Like this many other internal rules are there applicable as nature of business.
Cost of registering Sdn Bhd (Limited Liability) company is RM 3000-4000 depend on other services offered along with company incorporation. As company secretary is must for all Sdn Bhd company be appointed for the year and licenses secretary will perform duties and company act. Generally, RM 1000-1500 is monthly secretary fees for appointment of company secretary. Some others offer monthly bill to pay of secretary fees. Fees are displayed below:
- Signboard: RM 1200-2000
- Export Import License: RM 3500-4000
- WRT: RM 4000
- Incorporation from SSM: RM 3000-4000
- Employment visa: RM 10,000
- MM2H: Negotiation
- Company Secretary: RM 1000-2000
- Bank account: RM 500
- Office address: RM 20-50/ monthly
- Ready office desk: RM 500/ monthly
Procedure of Sdn Bhd company incorporation
Appoint company secretary who will provide a form to fill up where all basic information about company and directors are asked for. Once company name is approved then start registration process and takes 3-5 days to complete whole process if name is approved by one shot. It is recommended to propose 3 names to check availability as name book is bit complicated as similar name is rejected by SSM. After company incorporation, contact team of S & F to meet the banker opening bank account with OCBC, HSBC, Standard Chartered Bank & UOB. You can get advantages to open bank account sitting in office of S & F as banker visit in S & F office to complete bank account open formalities with friendly environment. There might be a banking policy that RM 10,000-30000 is needed to deposit initially opening bank account and once get cheque book can withdraw the funds. Maintaining business account balance with schedule bank as policy.
After Company Incorporation
Apply for signboard and premise license once incorporation is done. Apply import and export license by expert of S & F Consulting Firm. Expected time to be done of export and import license are 3-4 months. WRT takes the same time as many steps must overcome after application is submitted.
Employment visa/ ESD
Take advisory from team of S & F to apply of visa as director of the company. It takes 3-12 months to get it done if all required papers are submitted as guideline of immigration and ESD. Follow up every step and progress of application and keep contact ESD officers. At the end, officers must visit in premise to have look physical existence of the business. If application is rejected can re-apply by supporting papers to re-view your case. Employment visa is category 1,2 and 3 whereas Category 1 is respective visa for CEO and directors of the company. Visa holder can bring family members from own country and renew before expiry.