The major problems faced by the foreigners who intends to register company in Malaysia are as follows:
Category: Problems Faced by Foreigners
Foreigner May Not Able To Open Company’s Bank Account
If you are planning to register a company in Malaysia and you will be unable to open a bank account under your new company, if you are the following:
- Foreigner with student visa
- Foreigner with social visit visa
- Malaysian who has been classified as “bad” cheque offenders
- Malaysian who has been declared “bankruptcy” (more…)
Foreigner Cannot Apply Business Visa Under New Company
All new company will be registered with maximum paid-up capital of RM2,500, if you opt to use NBC services.
This has, however, not fulfilled the requirements set by the Immigration Department of Malaysia where a company that wants to apply working permit/business visa for its workers/professional staff must have paid-up capital of RM500,000 above. (more…)
Foreigners Can Not Increase Paid-Up Capital In A Company?
In order to increase the paid-up capital of a company, you will need to complete the following processes:
- Deposit real “cash” into the company’s bank account as “Share Application Monies”
- Request company secretary to prepare the necessary documents (resolutions & EGM documents)
- All directors & shareholders must approve & sign all documents
- After signing & payment of fee, your company secretary will lodge the documents to SSM for registration (more…)