Malaysia is ranked as one of the best in Asia for the ease of starting a business and living environment. Malaysia is ranked in 18th in “Doing Business 2016” which is issued by the World Bank every year. This is the 2nd best after Singapore in Southeast Asia, and retains advantage over Japan that is ranked in 34th for the ease of starting a business. *Rankings for the ease of starting a business by comparing regulations and systems of each country Here are the questions regarding laws and regulations which customers who intend to set up a company in Malaysia frequently ask. Laws and Regulations 1. Is it possible to set up a wholly foreign owned company? A wholly foreign owned company can be set up except for some industrial categories such as convenience stores, logistics, a
Interview Your proposed company name The nature of business IC or passport copies of company director and shareholders (one individuals as promoters at the time of incorporation) Residential address, mail address, and telephone number of company director and all the shareholders Signature/Submission We will ask you to visit our office. We will ask company director and all the shareholders to sign the statutory documents. Submit the documents to incorporate your company Approval We wait for approval. The procedure is formally completed if approved. It takes approximately 2 to 4 weeks for incorporation.