open a subsidiary in malaysia
TRANSCRIPT
Open a Subsidiary in Malaysia
A presentation brought to you by CompanyIncorporationMalaysia.com
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Legal entities in Malaysia
Foreign entities who want to open a company in Malaysia can choose from several legal options through which they can establish their business presence on this market.
The main ways in which a foreign business can be set up in Malaysia is through the following
• a representative office; • a branch office;• a subsidiary.
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Subsidiary in Malaysia
One of the ways in which a business can be set up here is through a subsidiary.
This kind of entity refers to a type of company which is controlled, through the number of the voting shares, by another company.
It is important to know that a subsidiary in Malaysia is controlled to a certain degree by another legal entity, which can be a holding company or a parent company.
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Subsidiary regulations in Malaysia >>
According to the provisions of the Companies Act 1965, a business is considered a subsidiary in the following conditions:
• the subsidiary in Malaysia is controlled by another company in terms of naming the board of directors;
• The parent company owns 50% of the voting rights;
• The parent company owns 50% of the issued share capital.
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>> Subsidiary regulations in Malaysia
However, a subsidiary is an independent entity and it does not reflect the same legal structure and taxation system the parent company is subject to.
Our team of company formation representatives in Malaysia can offer an in-depth presentation on the taxation system applicable to subsidiaries.
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Register a subsidiary in Malaysia
In order to establish a subsidiary here, the entrepreneur must choose a legal entity under which he or she should carry out the business.
There are several business forms available for foreigners, as follows:
• partnership;
• limited companies.
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Legal entities in Malaysia
A partnership in Malaysia can be carried out by at least two partners, who are liable for the business’ debts with unlimited liability.
A limited company can be set up as a public limited company or a private company and the main difference is given by the participants in the company’s shares (public/private).
Our team of specialists in company formation in Malaysia can offer more details on this subject.
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Private limited company in Malaysia
A foreign company established as a subsidiary in Malaysia can be registered as a private limited company.
The private limited company (Sendirian Berhad) can be fully owned by a foreign company.
The minimum share capital in this case is established at RM 500,000.
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Subsidiary registration in Malaysia
When opening a company in Malaysia registered as a subsidiary, the investor will need to register the company’s trading name.
At the same time, the businessmen is required to draw the company’s statutory documents.
It is also necessary to register for Goods and Services Tax.
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Consultancy services in Malaysia
The registration procedure involves numerous steps, on which our company formation agents in Malaysia can assist.
Our experts can also help with advice on the tax planning regulations available here.
Please contact our team of company formation consultants in Malaysia for a complete presentation on our corporate services.
Thank you for your attention!
For more information please contact us at:
(+44)203-287 0408 (for international clients)
www.companyincorporationmalaysia.com
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