Everything a first-time founder needs to know about setting up a private limited company in Malaysia.
Why a Sdn Bhd?
A Sendirian Berhad (Sdn Bhd) is the most common business structure in Malaysia because it gives founders limited liability, a separate legal identity, and far better access to bank financing and corporate contracts than a sole proprietorship or enterprise.
What you need before you start
You will need at least one resident director (18+, ordinarily residing in Malaysia), one shareholder, a proposed company name, a registered office address, and a licensed company secretary appointed within 30 days of incorporation. Paid-up capital can start as low as RM1, though RM1,000 is more practical.
The incorporation steps
Name search and reservation with SSM, preparation of the Super Form (Section 14), payment of incorporation fees (RM1,010 to SSM), issuance of the Notice of Registration, and finally appointment of the company secretary and opening of a corporate bank account. With ASKCO, the full process typically takes 3–5 working days.
After incorporation
You must maintain statutory registers, hold the first board meeting, issue share certificates, and stay on top of annual returns and audited accounts. Our Bronze package at RM2,750 covers incorporation plus the first year of secretarial retainer.
Keep reading
Related articles you may find useful
Compliance
SSM Annual Return: Key Deadlines & Penalties
Stay on the right side of compliance with this practical, plain-English checklist.
Advisory
When Should You Restructure Your Shareholding?
Common scenarios where a share transfer or allotment makes strategic business sense.
Governance
Section 17A: What Directors Must Know
Corporate liability for corruption and how to put adequate procedures in place.