General Merchants Companies in Malaysia

A general merchant company is a type of business entity in Malaysia. This type of company is similar to a sole proprietorship or partnership, but with more than one owner. The owners of a general merchant company are known as shareholders, and they share liability for the company's debts and obligations.

A general merchant company must have at least two shareholders, and there is no maximum number of shareholders. Shareholders can be individuals or corporations, and they can be based in Malaysia or overseas.

The shareholders of a general merchant company elect a board of directors to manage the company. The board of directors must have at least three members, and a majority of the directors must be Malaysian citizens.

A general merchant company can engage in any lawful business activity, and it can own property in Malaysia. This type of company is typically used for businesses that are engaged in trading, manufacturing, or other commercial activities.