company registration in Malaysia for foreigner

The Malaysian Business Commission (Suruhanjaya Syarikat Malaysia or SSM) is a legal body that regulates companies and businesses. SSM, which became operational on April 16, 2002, is a statutory body formed as a result of a merger between the Companies Registry (ROC) and the Companies Registry (ROB) in Malaysia.

The main activity of SSM is to serve as an agency to incorporate companies and register businesses, as well as to provide company and business information to the public. As the leading authority for the improvement of corporate governance, SSM fulfills its function of guaranteeing compliance with business registration and corporate legislation through comprehensive enforcement and monitoring activities to maintain positive developments in the corporate and commercial sectors of the nation.

Company registration is the process to have a legal identity in foreign countries which will allow you to do business in that particular country. The rules and regulations vary depending on country to country. Some countries allow foreigners to register 100% foreign company, some countries require local to be a part of a foreign company

SSM registration services

The SSM Registry Services Division is responsible for establishing a structured and effective business and business registration process, in addition to handling registration matters in accordance with the provision of laws and guidelines it administers. At the same time, this division also plays a role in ensuring that the update of corporate information is done accurately and in accordance with the prescribed Customer Service Letter.

The SSM registration services division is divided into sections:

A. Company registration section

1. Name Search Companies
2. Constitution of companies
3. General Documents
4. Registration and satisfaction of charges

B. Business registration section

1. Business Search Name
2. Business registration: registration of individual companies and associations.
3. Renewal and change of business: renewal of the company registration and registration of changes in the details of the company.
4. Termination of a business: registration of the termination of a business

C. Insolvency Section

1. Handles matters relating to the winding-up of companies and strike off of company names of the registrar and asset management of defunct companies.
2. To keep records of companies those are in the process of winding up, either by a court order or voluntary.
3. To regulate the compliance of Companies Act 1965 relating to winding up of companies and dissolution of companies. 
4. Strike off company name pursuant to Section 308 Companies Act 1965.  The Registrar has powers to strike off companies if he has reasonable cause to believe that a company is not carrying on business or is not in operation. o process applications to strike off company names off the register.
5. Asset Management. To register and record the list of assets vested in the Registrar of Companies under section 310 of the Companies Act 1965.

D. Registration under the Fiduciary Companies Act of 1949

1. Coordinate the registration of fiduciary companies.
2. Process applications to register fiduciary companies.
3. Coordinate the registration of fiduciary companies.
4. Coordinate interviews for the appointment of directors/executive directors of fiduciary companies.
5. Prepare interview reports for the approval of directors and executive directors.

E. Corporate administration management section

1. Coordinates and monitors applications for the incorporation of Limited Warranty Companies (CLBG) under the Companies Act of 1965 upon obtaining the Minister's approval.
2. Coordination of corporate applications.