Malaysia business start up usually takes two months to complete, including company incorporation and, corporate bank account opening and is approved and internet banking is fully operational.

Malaysia business start up procedures typically evolve with i) company name check with the CCM ii) application for foreign investment approval at the Foreign Investment Committee of the Malaysia Economic Planning Unit iii) submission of shareholders and directors’ due diligence and corporate documents to the CCM, including signed copy of the company's Memorandum and Articles of Association, a Statement of Compliance on Incorporation and an application for a Certificate of Registration. Approximately three weeks later, the CCM issues a Certificate of Registration

Following Malaysia business start up, it is usually necessary to obtain a license for the company. Licenses are obtained through either the Malaysian Industrial Development Authority (MIDA) for a manufacturing license or the Multimedia Super Corridor (MSC) for a hi-tech sector license.

However, obtaining a license is time consuming for foreign investors because businesses with a foreign shareholding exceeding 30% require approval from the Foreign Investment Committee. Sectors restricted for foreign investment include telecommunications, broadcasting, financial services, insurance and defence/military industries.

For more detailed information on how establishing a company in Malaysia please refer to Healy Consultants' Asia Business Setup guide.

For more information on how establishing a company in Malaysia, email email@healyconsultants.com or call us in Singapore at (+65) 6735 0120.

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