Assistance in opening an offshore in Malaysia

Malaysia is a state in South-Eastern Asia. It consists of two parts: Western and Eastern. It shares borders with Thailand, Indonesia and Singapore as well as Brunei and the Philippines. These two zones are separated by the South China Sea. Local residents use it to travel to the neighboring islands.

International trading, production and treatment of oil together with manufacture of electric engineering are the most important sectors of economic activities of the state.

The normative tax penalty on the territory of Malaysia is 28%. Although if the enterprise is registered in this country but it gets income beyond its borders, it is not taxable. But banking, insurance and leasing activities as well as aero- and overseas transportations are the exceptions.

Foreign entrepreneurs are allowed to establish an offshore of the following types in Malaysia:

1. An individual enterprise. It is registered for a resident of the country older than 18 years old.
2. An incorporated organization. The firm allows to hand over the shares to the third-party entities. To start-up it is necessary to have at least 7 shareholders and the contribution in the amount of 20 000 000 ringgits – that is about 5000$.
3. Partnership. In such organizations the number of entrepreneurs might be up to 20.
4. An unlimited liability company. The number of the owners can range from 2 to 50, and there has to be at least one secretary. It is obligatory for the latter to be a resident of the Malaysian State.
5. A limited liability company. This type of firm is suitable for small businesses or start-ups.
6. A company limited by shares. The number of the shareholders might get up to 50, and the minimum amount of stock is 2 ringgits.

If an enterpreneur is considering to take up a tourist or a trading business, they are obliged to get a license in the corresponding organization. This document will let them do the referred business activities officially.

To set up an offshore in Malaysia one has to assemble the set of documents, deposit the nominal capital and receive the license.
It is necessary to fill in the official documents in the state language-Malaysian, as well as English. The English language copies must be notarized. Contact us on the given number and our managers will consult you for free and will give assistance in opening an enterprise!