|Complete Our Form||Conduct Name Search||Sign Documents||Your Company Is Ready|
|You need to fill our simple company registration application form and return to us with all partners I/C or passport||We will check availability of your proposed company name with Companies Commission of Malaysia||Once company name approved by Companies Commission of Malaysia, you need to visit our company, sign documents and make payment to us||We will submit the signed documents to Companies Commission of Malaysia. Certificate (Section 17) will be issued by CCM and your Company is ready to go|
|START||2 WORKING DAYS||2 WORKING DAYS||CONGRATULATIONS|
|Separate Legal Entity||Owning Property||Easy Transferability|
|Private Limited Company (Sdn. Bhd.) is a legal entity and a juristic person established under the Companies Act 2016. Hence, a company has a range of legal capacities including opening of a bank account, hiring of employees, taking on equity or obtaining licenses and more as an independent corporate entity. The members (Shareholders/Directors) of a company have no personal liability to the creditors of a company for company's debts.||Private Limited Company (Sdn. Bhd.) being an artificial person, can acquire, own, enjoy and alienate, property in its name. The property owned by a company could be machinery, building, intangible assets, land, residential property, factory, etc., No shareholder can make a claim upon the property of the company - as long as the company is a going concern.||Ownership of a business can be easily transferred in a company by transferring shares. The signing, filing and transfer of share transfer form and share certificates is sufficient to transfer ownership of a company. In a private limited company, the consent of other shareholders may be required to effect share transfers.|
|Uninterrupted Existence||Borrowing Capacity||Lower Income Tax Rate|
|Private Limited Company (Sdn. Bhd.) has 'perpetual succession', meaning uninterrupted existence until it is legally dissolved. A company being a separate legal person, is unaffected by the death or other departure of any member and continues to be in existence irrespective of the changes in ownership.||Investors, Venture Capitals, Banks and Financial Institutions prefer to provide funding to a company rather than partnership firms or proprietary concerns.||The highest income tax rate of Private Limited Company is 24% while highest income tax rate of individual can up to 28%. Distribution of income wisely may help in income tax saving.|
Factors to Consider in Private Limited Company (Sdn. Bhd.) Name Selection
The name of your company is very important. It is the first impression to your buyers, suppliers and stakeholders. It should, therefore, be relevant, suggestive and attractive. There are various factors that you should keep in mind while naming for your company
Short & Simple
The name should be concise and not be too long. People should be able to pronounce it easily and they should be able to remember your company’s name the first time they hear or read it.
The name of your company should be related to your business. It should fit the company’s branding and corporate identity.
Name of your company should not be same or identical to an existing company or trademark. You can go to www.ssm-einfo.my to check if your company name is identical to others. You should ideally avoid plural or changing just letter Case, spacing or punctuation marks in an existing company name.
The name of your company should end with the suffix “Sdn. Bhd.” in a case of a Limited Liability Partnership (PLT.) and “Sdn. Bhd.” is a case of a Private Limited Company (Sdn. Bhd.). and “PLT.” is a case of a limited liability partnership.
Should not be illegal / offensive
The name of your company should not be against law. It should not be abusive or against the customs and beliefs of any religion.
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