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How to Set Up A Business in Kuala Lumpur

More people are considering setting up a business in Kuala Lumpur. The benefits of doing business in this region of the world are tremendous because of the real estate values and the opportunities. If you’re considering starting a business, you should ensure that you meet all the requirements on the checklist.

 

 

 

 

1. Register the Business

Every business in Malaysia must be registered with the necessary licenses and permits. Even all foreign companies must register within the country and follow the rules and regulations governing the businesses.

 

2. Find an Office

Kuala Lumpur has numerous real estate offices for businesses of all types and sizes. The real estate prices are favorable. Thus, it’s probable that companies will get a good deal. Virtual offices and physical offices are available to help business owners in Kuala Lumpur who need meeting spaces for important clients or foreign delegates. Office space may be offered on a daily, weekly, or monthly pay schedule.

A real estate agent or office space provider can information on office space and meeting rooms in Kuala Lumpur. Servcorp is one organization that can help you find office and meeting space. Register @ www.servcorp.com.my/en/business-registration for more information.

 

Kuala Lumpur Infographic

 

 

 

3. Know the Key Elements of Forming a Private Limited Company in Malaysia

To form a private limited company in Malaysia, you must secure a minimum of two directors, a company secretary, and a minimum of two subscribers. If you don’t have these things in place when you start a business, you may not be able to operate within the confines of the legal system in Malaysia. When you know these what you need to know, you’ll be in a better position to make the choices that you need to make to improve your business life.

 

4. Check the Malaysian Government Website for Help

The Malaysian Government website will provide foreign entrepreneurs information on starting a business. The information on the website is comprehensive and is useful for business owners that need e-services or governments-to-business contents.

 

5. Be Aware of the Companies Commission of Malaysia (CCM)

The CCM or the Suruhanjaya Syarikat Malaysia (SSM) will regulate all the business activities and can advise prospective applicants about what they’ll need to complete their business activities. These application forms are available on the SSM website for business owners who want to apply.

 

Companies Commission of Malaysia Website

Companies Commission of Malaysia Website

 

 

How to Set Up a Business in Kuala Lumpur

If you want to set up a business in Kuala Lumpur, you should read over these instructions and try to adhere to them as much as possible. Starting a business can be easy with the proper tools. Review the tips and be on your way to a successful business in Kuala Lumpur.

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