Incorporation Of Company

Incorporation of company

Let us take you through the relevant information with 5W2H!

What？
What is Limited Company？
A limited company is an independent entity with legal status, investors (shareholders) contribute money, and the chairman runs the company.

Who？

Who can set up a limited company?

Can only established if you are over 18 years old
Malaysian, Foreigner
Non-Bankruptcy

Why?

Create a professional image for your company and increase credibility
Independent entity, personal and company assets will be separated
It is easier for companies to obtain financing and expand their businesses,
Let the company get better profits

Where?

To set up a company, you need to provide a local and valid business and residential address.

When?

Personal income tax is 30%. You can consider setting up a limited company.

Because corporate income tax is fixed at 24%.
*It is more suitable to set up a limited company when you need financing*

How?