Operation Of Companies in Malaysia

All businesses in Malaysia are required to be registered with the Companies Commission of Malaysia (SSM), which is the regulatory body for companies in Malaysia.

The most common type of business entity in Malaysia is the private limited company, which is limited by shares. A private limited company must have at least two shareholders and cannot offer its shares to the public.

The company must also have a registered office in Malaysia and must appoint at least one director who is a resident of Malaysia. The director must be at least 18 years old and cannot be an undischarged bankrupt.

The company must prepare financial statements and submit them to the SSM annually. The financial statements must be audited by a registered auditors.

The company must also hold an annual general meeting (AGM) and submit an annual return to the SSM.

The Companies Act 1965 sets out the requirements for companies in Malaysia.

The Act is administered by the Companies Commission of Malaysia (SSM).