Corporate compliance requirements for Malaysian companies that companies providing secretarial services Malaysia can help you
After successfully incorporating your company and commencing business operations in Malaysia, a business operator will need to engage a professional and experienced Company Secretary in Malaysia to keep pace with and oversee all corporate compliance matters, which have been magnified in an era with a greater focus on transparency and accountability. Even though your Secretarial Services Malaysia will make sure your company does no not run afoul of the regulations, a responsible business operator should also be familiar with regulatory and compliance requirements and issues to better plan business and administrative strategies.
Resident Company with paid-up capital of ≤ RM 2.5 million, gross income from business not ˃ RM 50 million and the Company do not directly or indirectly own by or own a Company having paid up capital of ˃ RM 2.5 million.
First RM 600,000 – 17%
Subsequent Balance – 24%
Resident Company (Other than Company described above)
Company originating in the Territory of Labuan and operating a trading activity in this territory
3% of the audited income
Petroleum income tax
38% on income from petroleum operations in Malaysia
25% on income from petroleum operations in marginal fields
An annual return of a Company consists of the following general information:
Registered office address
Business office address
Branch office address
Principal business activities
Total authorised capital registered
Total paid-up capital
Charges registered with SSM (i.e. company assets pledged)
Appointed company secretary
When do we need to lodge Annual Return to SSM?
The annual return signed by a director or by the manager or secretary of the company shall be lodged with the Suruhanjaya Syarikat Malaysia (SSM) within one month after holding its AGM or in the case of a company keeping pursuant to its articles a branch register in any place outside Malaysia within two months after the annual general meeting.