Company Registration Fees in Malaysia
As a foreigner, you can register a company or business in Malaysia with 100% foreign ownership. So, to complete the registration process you must choose a specific industry that is dedicated by the government of Malaysia. These are the following industry in which the Malaysian government encourages foreign investors – Petroleum, Gas, Oil, Education, Banking, Tourism, Ticketing, and Agriculture. However, according to the economic needs of Malaysia, this list could be changed. Registering a company in Malaysia is not an easy task. Most foreigners take consultancy service or higher professional to make the work done. The business registration fees are followed-
- Company Name Registration Fees
- Fee for Consultancy Services
- Company Registration Fees
- SSM Registration Fees Malaysia
- Foreign Company Registration Procedure
- Conclusion
Company Name Registration Fees
| Activity | Fees in RM |
| Registration of new business | Trade name -RM 60 /Year Personal Name-RM 30/Year |
| Business Updates | For each branch-RM/5to20 |
| Business Renewal | Trade name -RM 60 /Year Personal Name-RM 30/Year |
| Business Information | 10.06 which includes GST 6% |
Fees for Consultancy Services
There are two types of fees charged by the consultants,
1. Professional or consultancy Fees
2. Government fees.
The consulting fees may vary from one industry to another. The table below shows consultancy fees for various service within a company-
| Cause of Fees | Amount of charge in RM |
| Company Secretary | RM 1000-2000 Per Year |
| Nominee director | RM 500-800 Per Year |
| Use of official address | RM 100-400 Per Month |
| Annual Return Fees | RM 300-500 Per Year |
| Board Meeting Resolution Preparation Fee | RM 20- 50 Per meeting |
| Printing charge | RM 10-20 Each time |
| AGM Papers Preparation | RM 150-300 Once |
| Bank account opening | RM 500-1000 Once |
| Share Holding Changes Fees | RM 400-400 Per Changes |
| Secretary Seal | RM 20-50 Per Seal |
Company Registration Fees
The new companies Act 2016, you need to pay RM 1000 to SSM for per application for the incorporation of a business. However, under the old companies Act 1996, each application for incorporating a company or business needs to be accompanied with payment as per following-
| Shared Capital in RM | Fees |
| Up to-RM 400 000 | RM 1,000 |
| RM 400,000 to 500,000 | RM 300 |
| RM 500,001 to1 Million | RM 5000 |
| RM 1000 001 to 5 Million | RM 8000 |
| RM 5,000,001 to 10 Million | RM 10,000 |
| RM 10 000 001 to 25 Million | RM 20,000 |
| Rm 25 000 001 to 50 Million | RM 40,000 |
| RM 50 000 001 to 100 Million | Rm 50, 000 |
| Anything above RM 100 Million | RM 70,000 |
SSM Registration Fees Malaysia
| Description of services | License | Fees |
| Company Incorporation ServiceBuying super form from SSM My DataSecretary service 1-year Use of office Address 1 year Bank account opening service | Incorporation | RM 4000 |
| Prepare supporting papers and apply for signboard and premise license | Signboard & Premise | RM 2000 |
| Prepare supporting papers and apply for export and import license | Export & Import | RM 4000 |
| Prepare supporting documents and apply for WRT license for nonresidents | WRT | RM 4000 |
| Prepare supporting papers Apply for Kinder garden school license, Halal License and many more | Dagang.net | Fees vary (Contact us) |
| Add product and/ or brand name with company name permission | Notification | RM 1000 |
| Prepare supporting papers and apply for Trademark license. | Trade Mark | RM 5000 |
Foreign Company Registration Procedure
Business registration for the foreign company in Malaysia is either done by engaging a local company with CCM (Company Commission of Malaysia) or registering the company with SSM. The steps below show the procedure step by step-
- Application of Name Search: First of all, you need to apply for “Name Search Registration”. This is done to determine the proposed name is available for registration. The proposed name is approved by SSM within 3 months. You need to pay around RM 30 for each name registration.
- Lodgment of Registration Documents: Necessary document needs to submit to SSM within 3 months for name registration. Name registration will be canceled if you fail to submit the document within three months.
Conclusion
Malaysia is one of the leading economic countries in East South Asia. The GDP of Malaysia is increasing every year, which make this country favorable for business. The government of Malaysia is working on several factors to attract more foreign direct investment. The foreign direct investment helps Malaysia to grow its economy. So, what are you waiting for? get your business registered in Malaysia as soon as possible. If you face any difficulties feel free to contact us – Premier Three Consulting Firm is always there to help you out.
