What is the meaning of SDN BHD Malaysia Company? The SDN BHD Malaysia Company is also called Sendirian Berhad (Sdn. Bhd.) by the locals of Malaysia. It is commonly known as The Private Limited Company to the world of foreign investors and other sole business owners. It is said to be one of the prime and common form of Limited Liability Companies in Malaysia. These “Sdn Bhd” Malaysia Company are countered as a legal entity whose liability is limited by shares of the company.
Important of SDN BHD Malaysia Company
It’s a legal entity and is limited by Share.
If company goes in total loss the shareholders, company secretary and other corporate figures won’t to be liable to any of the company shares.
Ability to go into debt
They are capable to make new business deals and corporate contracts with another business figure.
All these Sdn Bhd Malaysia Company has the right to sue or be sued.
Capable to conduct perpetual succession until authorized company board members decide to shut off the company.
Considered to the best choice for conducting B2B type business.
Requirements to setup Sdn Bhd Malaysia Company
Paid-up capital of minimum RM1 only
One (1) subscriber assigned to the share(s) consumed by the company
At least One (1) Company Director and Two (2) Shareholders who are 18 years and above in age.
One of the directors are said be a Malaysian Citizen or residing in Malaysia
The individual cannot be a bankrupt and is not been convicted or been jailed for minimum past 5 years.
Minimum One (1) Company Secretary
The Company Secretary has to be a member of a prescribed professional body
Or, He need to be license by the Suruhanjaya Syarikat Malaysia, SSM.
The SDN BHD Malaysia Company must have its own registered office in Malaysia.
Steps to register Sdn Bhd Malaysia Company
Accumulate all details & IC that is required.
Apply your desired company name for approval to SSM by filling up a form and paying the Flat Fee.
SSM might approve or disapprove the proposed name submitted.
If approved then prepare all registration documents by yourself
Or, by the help of any business advisory agent available in the country.
A form for business registration can be collected from the SSM.
This form needs to filled up with all detailed information required.
Usually the information is asked in the Business registration application is about the company directors, shareholders, secretary, valid company’s address, business nature etc.
If your company name is disapproved then one need to consider second name and again submit it to the SSM for approval.
One has to pay the approval fee again as well.
All documents that need to be submitted to SSM for company registration must be signed by the Company directors and other official figures.
The company incorporation Malaysia for all types of companies is obtained through licensed company secretary. All companies are registered with Suruhanjaya Syarikat Malaysia (SSM). Suruhanjaya Syarikat Malaysia (SSM) is the only sole authorized corporate organization conducted by the Malaysian Government who deals with company registration and business regulatory affairs for all types of business entities based in Malaysia. Hence to register SDN BHD Company or Private limited Company one has to go through terms and steps assigned by the SSM. Usually to Register Sdn Bhd Company or any other business entity, each has to go two main steps to get approval and registered by the SSM.
1st step of company incorporation
Name Application: This step is all about the availability and registration of the company name proposed by the investors. Company owners are asked to check the availability of the company’s name they proposed. To check the availability of the proposed name one can, use a specific form called Form 13A that can be collected and submitted to SSM. A flat fee of RM30.00 that is only valid for one proposed name is encountered for the availability and approved for registration. It usually takes about 3 days.
2nd step of company incorporation
Company Registration: This step is all about incorporating the Sdn Bhd Malaysia Company and giving it the right to do business in Malaysia. When the proposed name is approved for registration by SSM the company owners demand for another Form for business registration from SSM and fill it up with all necessary details as demanded in the form. They must compile the business registration form with all other necessary documents and submit to SSM. Submission of all documents along with the registration form must be done within 3 months from the date of approval for the proposed company name.
Documents of Registering Sdn Bhd Malaysia Company
Following documents should be provided to SSM:
certificate of incorporation
Authorized documents of company’s charter, Memorandum, Articles etc.