To Carry On The Business As Buyer Companies in Malaysia

Carry on business as buyer companies in Malaysia is subject to the Companies Act 2016 and Business Licensing Act 2018. The Companies Act 2016 requires a company to have a registered office in Malaysia and a minimum paid-up capital of RM2,000. The Business Licensing Act 2018 requires a company to obtain a business license from the Malaysian Investment Development Authority (MIDA).

A company which carries on business as a buyer company in Malaysia must comply with the following requirements:

1. The company must have a registered office in Malaysia;

2. The company must have a minimum paid-up capital of RM2,000;

3. The company must obtain a business license from MIDA; and

4. The company must appoint a statutory agent in Malaysia.