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A partnership company is defined as a business whose profits and management options are shared between two or more individuals. This means, in essence, the business has two or more owners. By having more than one owner, this ensures that decisions can always be made for the benefit of the company.
There are several successful partnership companies in Malaysia. As a foreign national, who would like to set up your own partnership company, looking at pre-existing ones would be wise.
If you would like an in-depth article on how to register your own partnership company, do visit us here.
If you’re in need of any help regarding registering your partnership company in Malaysia, do contact us here at S & F Consulting. We at S & F Consulting are a business consulting group. We strive to make your registration process as simple and clean as possible. As officially registered agents in Malaysia, we are more than qualified to act on your behalf for anything that needs to be done. So, you may just sit back and relax. In the meantime, we have prepared a summary of events that will occur during the registration process. You may use this as a guideline or an overview of what your business registration will entail for you.
Listed below are some examples of successful partnership companies in Malaysia. It should be noted that these are all based in Malaysia, even if they are now global corporations.
An airline company founded in 1947, Malaysia Airlines is Malaysia’s current biggest airway transport system, with flights to almost any part of the world.
Marrybrown is a chain of restaurants in Malaysia that sells fast food. Founded in 1981, Marrybrown is currently a global company. They operate more than 130 locations worldwide. This company currently specializes in providing fast food infused with Malaysian flavours.
Golden Screen Cinemas, or popularly known as GSC, is Malaysia’s largest cinema chain. Founded in 1987, this cinema chain has 36 locations and are available in the following states in Malaysia: Negeri Sembilan, Pahang, Penang, Perak, Kuala Lumpur, Melaka, Putrajaya, Sabah, Johor, Kedah, Sarawak and Selangor.
Founded in 1998, this mobile telecommunications service provider is currently one of Malaysia’s biggest service providers. Currently it has over 6 million subscribers.
A publishing company founded 46 years ago in 1973. New Straits Times Press has been a leading source in furthering Malaysia’s media capabilities. With several newspapers under it, New Straits Times Press has a viewership of almost 13 million as of 2019.
One of Malaysia’s oldest book retailers, MPH Group was established in 1890. With almost 130 years of experience, MPH Group currently enjoys its status as one of Malaysia’s largest book retailers. MPH Group also expands to areas such as printing and publishing and library services. As of 2019, this bookstore has more than 29 locations in both Malaysia as well as Singapore.
MBO Cinemas is a Malaysia based cinema chain founded in 2003. Currently Malaysia’s third largest cinema chain, MBO has 27 outlets across all states in Malaysia.
Iflix is a subscription-based video on demand platform formed in 2014. Currently it has almost 25 million subscribers. Iflix provides content from several major entertainment corporations for its subscribers to stream. Iflix has both licensed and original content on their platform to view.
Founded in 1981, Polar Ice Cream is currently one of the largest suppliers of ice cream in Malaysia. Starting from very humble beginnings, now the products of Polar Ice Cream can be found in almost every Malaysian store. Moreover, Polar Ice Cream also enjoys a wider South East Asian market aside from Malaysia.
Perodua is an automobile company founded in 1993. It is currently Malaysia’s biggest manufacturers of cars. Now they have over 10,000 employees. Perodua is also a global company with branches and markets in several countries worldwide.
As you can see from the above, partnership companies can be highly profitable. Therefore, as a foreign national looking to register your company, we hope the list above inspires you to start. If you have any questions or reservations about the process, do contact us. One of our friendly customer service team members will assist. As they are online 24/7, they will be more than happy to assist you with anything. Once again, here at S&F Consulting, we pride ourselves on being able to offer you our best. Regardless of your endeavors.
Frequently Asked Questions
Do I have to be Malaysian to register a partnership company?
If you are not a Malaysian national, you will have to be a permanent resident of Malaysia to register for a partnership. You will also have to be above the age of 18 to register for this.
How much will it cost me to register a partnership company?
The SSM office usually imposes a processing fee of RM 30 to RM 100. This fee varies depending on your company’s name.
Why should I choose S & F Consulting?
S & F Consulting is a business consultancy group. If you’re a foreign national looking to register your company in the country of your choice, we are here to help you. With over 7 years of successful business registrations, our priority is your happiness. So, with whatever need you may have, do consider coming to us.
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