To Companies in Malaysia

Companies in Malaysia are required to comply with the Companies Act 2016, which outlines the rules and regulations for setting up and running a company in Malaysia. The Companies Commission of Malaysia (CCM) is the government body responsible for regulating companies in Malaysia.

Foreign companies are allowed to set up a branch office or representative office in Malaysia, but they are not allowed to carry out business activities. They are also not allowed to employ Malaysian citizens or resident foreigners.

There are four types of companies in Malaysia: private limited companies, public limited companies, sole proprietorships, and partnerships.

Private limited companies are the most common type of company in Malaysia. They are owned by one or more shareholders, and the liability of the shareholders is limited to their shares in the company.

Public limited companies are larger companies that are listed on the Malaysian stock exchange. They have more stringent reporting requirements and are subject to more stringent regulation than private limited companies.

Sole proprietorships are owned and operated by one person. The sole proprietor is personally liable for all debts and obligations of the business.

Partnerships are businesses that are owned and operated by two or more people. The partners are jointly and severally liable for all debts and obligations