Frequently Asked Questions
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Requirements to form a Malaysia Company
The requirements to form a company are:
a minimum paid-up capital of RM1 only
a minimum of one (1) subscriber to the share(s) of the company
a minimum of one director who are at least 18 years of age and are residing in Malaysia. He/she is not a bankrupt and has not been convicted and imprisoned for a period of past 5 years.
a minimum of one Company Secretary (Company Secretary must be a member of any one of the prescribed professional bodies or licensed by the SSM). Wisetac Advisory Group can provide you the Company Secretarial Services at a fee.
must have a registered office in Malaysia to which all communications and notices may be addressed. It is normal practice in Malaysia to have the secretarial office as the registered office. (This is included as part of our Company Secretarial Services)
What is the role of a Company Secretary?
t is mandatory for every registered company in Malaysia to hire a company secretary, according to the Companies Act 2016. The company must also notify the Registrar within 14 days if a secretary is hired or ceased from employment.
A company secretary plays a significant and essential administrative role in a company. He or she is responsible for providing advice to the Board and ensuring the company is compliant with the law at all times. A company secretary is also an authorised officer of the company.
A company secretary’s responsibilities include:
Offering compliance and financial advice to the board.
Preparing resolutions for upcoming board meetings.
Documenting minutes in a board meeting.
Recording the Financial Year End (FYE).
Lodging annual reports for SSM.
Ensuring the company’s details and policies are up to date.
Acting as the official liaison on behalf of the company.
Are there any benefits to become our customers?
We offer 35% discounted on Secretarial Retainer Fee after 3 Years continuously with us.
Do you have a customer referral program?
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