Malaysia is an emerging market offering some of the more unique advantages for foreign direct investment.
The Malaysian Industrial Development Authority (MIDA) is the principal government agency for the promotion and coordination of industrial development. This agency serves as a contact point for investors who plan to set up projects in manufacturing and its related support services in Malaysia.
Registering Business
A business can be defined as an organization that provides goods and services to others who want or need them. It includes every form of trade, commerce, craftsmanship, occupation, profession or other activities that is carried out for the purpose of maximizing profit.
You are required to register your business with the Companies Commission of Malaysia (CCM) under the Companies Act 1965 and the Registration of Businesses Act 1956 .
There are three forms of business: Sole proprietorship, partnership and limited company.
Businesses that can be registered under the Registration of Businesses Act 1956 at the Commission of Companies Malaysia are:
- Sole proprietorship – a business wholly owned by a single owner.
- Partnership – a business owned by two persons and not more than 20 partners.
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