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Complete guide: entity types, registration, costs, taxes, labor laws, and break-even analysis
~19 days
Setup Time
~$252
Setup Cost
24%
Corporate Tax
100%
Foreign Ownership
#12
Ease of Business
| Entity | Min Capital | Foreign % | Liability | Min Shareholders | Best For |
|---|---|---|---|---|---|
Sdn Bhd (Private Limited) Sendirian Berhad | 1 MYR | 100% | Limited | 1 | Most common for foreign investors — RM 1 minimum capital |
Bhd (Public Limited) | None | 100% | Limited | 1 | Large companies planning to list on Bursa Malaysia |
Labuan Company | None | 100% | Limited | 1 | International trading, holding companies — 3% tax on net profit |
Branch Office | None | 100% | Unlimited | 0 | Short-term presence, construction projects |
Reserve Company Name
Apply via MyCoID portal at SSM
0-1 days
~$12
SSM
Incorporate Company
Super Form submission via MyCoID — combines multiple registrations
1-3 days
~$240
SSM
Register with Tax Authority
Register for corporate tax and SST with LHDN
3-7 days
Free
LHDN
Register with SOCSO & EIS
Social security and employment insurance registration
1-3 days
Free
SOCSO
Open Bank Account
Major banks: Maybank, CIMB, Public Bank
1-5 days
Free
Commercial Bank
$330/mo
Minimum Wage
$800/mo
Average Wage
45 hrs/week
Work Hours
8 days/year
Paid Leave
2 weeks/year
Severance
14% of salary
Employer Social Security
11% of salary
Employee Social Security
Required
Foreign Worker Permit
Foreign Worker Quota: Sector-dependent levy system. Manufacturing: RM 1,850/worker/year.
#12/190
Ease of Business Rank
3 days
Starting a Business
12 days
Registering Property
425 days
Enforcing Contracts
50/100
Corruption Perception
89%
Internet Penetration
MYR
Currency
UTC+8
Time Zone
12
Retail (months)
10
F&B (months)
14
Tech (months)
22
Manufacturing (months)
8
Services (months)