Property Ownership Companies in Malaysia

A property ownership company, or POC, is a type of business entity in Malaysia that is responsible for owning, managing, and developing real estate. POCs are typically established by developers and investors as a way to pool resources and minimize risk.

POCs are regulated by the Companies Commission of Malaysia (CCM), and must comply with the requirements set forth in the Companies Act 1965. In order to be registered as a POC, a company must have at least two shareholders and a paid-up capital of RM2 million.

POCs are required to submit audited financial statements to the CCM on an annual basis. These statements must include information on the company’s income, expenses, assets, and liabilities.

POCs are allowed to own property in Malaysia for the purpose of carrying out their business activities. They may also buy, sell, or lease property in Malaysia.

POCs are subject to Malaysian income tax, and are required to withhold tax on rental income received from tenants. They are also required to pay stamp duty on property transactions.