Malaysia

We assist global clients looking to do doing business in Malaysia with the A to Z of business setup without the need for the client to travel to Malaysia. Some of our services include:

Company / Branch registration

Tax registration and obtaining PIN

Regulatory licenses across all sectors

Personal and corporate bank account opening

Accounting and tax support services

Provision of nominee directors and shareholders

Recruitment and employee hiring

Virtual/Physical Office space solutions

Employment and residency visas

The most common corporate structures preferred by foreign investors setting up in Malaysia include i) Private Limited Company (Sdn Bhd) and ii) the branch office. See detailed comparison below:

Advantages and disadvantages of setting up business in Malaysia:

  • Strategic Location. Malaysia is strategically located right in the heart of Southeast Asia. It gives easy access to ASEAN markets and trade routes.
  • Business-Friendly Policies. Government agencies like MIDA and MDEC offer incentives, grants, and support programs for foreign businesses.
  • Skilled Multilingual Workforce. Many Malaysians speak English fluently;
  • Strong transportation, financial, and digital infrastructure
  • Free Trade Agreements Malaysia has signed multiple free trade agreements. This reduces tariffs and opens business opportunities in other markets.
  • Ease of doing business. Malaysia has been increasingly developing to make establishing businesses for residents and non-residents easier.
  • Investment guarantee agreements. Malaysia has entered into many Investment Guarantee Agreements (IGA) which are also known as the Promotion and Protection of Investment Agreements making it easier to do business in other locations.
  • Tax benefits in industries like manufacturing, technology, and finance.
  • Lower Operating Costs. Competitive labor costs are lower compared to other regional hubs.
  • Keeping up with licensing, renewals, and reporting requirements can be time-consuming.
  • Local companies may have stronger networks, better market knowledge, and cost advantages.
  • Business customs, communication styles, and expectations may differ from what you know. Taking time to understand Malaysian business culture is important.
  • Hiring foreign employees requires dealing with strict immigration rules and documentation due to issuing a work permit and visa.
  • Resident director required. We at Girimba can provide nominee director services for our clients unable to appoint the one resident director required for all newly registered Malaysian company.
  • Opening corporate bank accounts and getting financing may involve extra steps for foreign-owned companies.

Important links:

Company incorporation steps in Malaysia:

  1. Name Verification: Girimba Consulting shall verify availability of the company with the Companies Commission of Malaysia (SSM);
  2. Documents Preparation: Our Team prepares the incorporation documents and emails our Client for signatures and email return;
  3. Certificate of Incorporation: Our Team submits an application for company registration with the Companies Commission of Malaysia (SSM and obtain a certificate of incorporation;
  4. Tax Identification Number: If the director is a foreign national, our team submits an application for a personal tax identification number (TIN) with the Inland Revenue Department;
  5. Corporate Tax Number: Once the certificate of Incorporation, our team registers the company with the Inland Revenue Board (LHDN) for tax purposes.
  6. Other Registrations: If the Client intends to hire local staff, our Team registers the company with the different government bodies for licenses and permits together with i) Employees Provident Fund (EPF) ii) Social Security Organization (SOCSO) and iii) Employment Insurance System (EIS);
  7. Bank Account Opening: Girimba Consulting also assists our Client to open a local corporate bank account with a top tier bank in Malaysia.

    Seek specific business information:

    Let us know more about your business needs by completing the form below. Our team will get back to you within twenty four hours.

    All information provided to Girimba via this form remains confidential, Girimba shall not sell, share or transfer any details to any authority or third parties except as may be required by law. If you however prefer not to fill up the form, you are welcomed to contact us by email or phone directly.

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    Girimba Consulting conducts business with openness, transperancy and honesty.We respect and uphold our Clients’ confidentiality, we offer quality service at affordable rates. Contact us for professional solutions.

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    Clarence S. Carlos

    Regional Cordinator

    Clarence is our regional cordinator and head of business setup secretariat.