Investment In And Letting Of Real Property Companies in Malaysia

In order to form a real property company in Malaysia, the company must first be registered with the Registrar of Companies. The company must then obtain a license from the Malaysian Investment Development Authority (MIDA). The company must also comply with the requirements of the Malaysian Land Code.

The company must have a minimum paid-up capital of RM2 million. The company must also have a minimum of two directors and a secretary. The company must maintain a registered office in Malaysia.

The company must appoint a qualified person to manage the property. The company must also appoint a qualified person to carry out the day-to-day operations of the company.

The company must have a board of directors. The board of directors must meet at least once a year.

The company must prepare financial statements. The financial statements must be audited by a qualified auditor.

The company must submit an annual report to MIDA. The annual report must contain information on the company's performance, financial position and prospects.

The company must comply with the requirements of the Malaysian Companies Act. The company must also comply with the requirements of the Malaysian Securities Commission.