SYNC | How to Incorporate
Company incorporation services in Malaysia
Simplify your company incorporation in Malaysia with the help of our expert incorporation advisor and tax consultant malaysia. We handle the process for you in just a few steps online. Let's start by checking if your company name is available.
WHERE ARE YOU FROM?
Company incorporation in Malaysia: are you local?
Simplify your incorporation process and rental income tax malaysia with our expert guidance. Our team of experienced incorporation advisor and tax consultant malaysia is here to ensure you stay compliant and maximize your returns.
WHY SYNC
Why choose SYNC for your company incorporation?
Start trading quickly
Consolidate the incorporation process by using a professional who understands the legal obligations of your new company.
Supportive experts
Talk to our experts via live chat or phone. They will give you insight on anything that is unclear throughout the registration process.
Help opening a bank account
Get guidance from our experts on the best business bank account for you and referrals to our industry-leading partners.
Register from anywhere
Our software automates the incorporation process for you, so you won't need to complete any of the paperwork yourself.
Got question? Chat with our local experts
Choose a convenient time to chat with our incorporation agents and get the answers you need to take the next step. (rental income tax malaysia etc)
PRICING
Incorporation plans to fit your business in Malaysia
Incorporation + Secretary
Perfect if you want us to register your business and take care of annual filings with ACRA
RM 950
RM 600
Incorporation
- Registration preparation and filing, including S$315 government fees
- Company constitution
- All post-incorporation documents (share certificates, registers, minutes book)
- ACRA name checking
- ACRA business profile set-up
Business bank account
- Assistance in connecting with our banking partners
Corporate secretary
- Expert support via in-app chat
- Preparation and filing of Annual Return, including S$60 government fee
- Holding of Annual General Meeting (AGM)
- Appointments and resignations of directors, officers, or auditors
- Unlimited changes in company name, address and business activity
- Shares management of up to 50 shareholders
Full compliance
If you want your first year covered, from company formation to expert support and filing
RM 3,000
RM 2,500
Incorporation
- Registration preparation and filing, including S$315 government fees
- Company constitution
- All post-incorporation documents (share certificates, registers, minutes book)
- ACRA name checking
- ACRA business profile set-up
Business bank account
- Assistance in connecting with our banking partners
Corporate secretary
- Expert support via in-app chat
- Preparation and filing of Annual Return, including S$60 government fee
- Holding of Annual General Meeting (AGM)
- Appointments and resignations of directors, officers, or auditors
- Unlimited changes in company name, address and business activity
- Shares management of up to 50 shareholders
Accounting and tax
- Expert support via in-app chat
- Support SLA 6 business hours
- Annual management reports reviewed by accountant
- Estimated Chargeable Income (ECI) filing
- Unaudited Financial Statements preparation
- Annual tax return filing (C-S/C)
Bookkeeping
- Unlimited bookkeeping
- Automatic reconciliations
Financial software
- Create, send, and chase invoices
- Capture bills and receipts easily
- Reimburse expenses
- Connect your banks
- Use multiple currencies
- Get real-time ecommerce sales reports
- Connect one marketplace
Start your company with Osome today
Get your limited company registered, bank account open, and compliance sorted for the year ahead.
COMPANY INCORPORATION
Choose the type of company you want to incorporate
A Private Limited Company (limited by shares) belongs to legal business entities. It is separate from its shareholders and directors. Regardless, the company registration process is easy.Pros
+ Shareholders of a Private Limited Company are not liable for any company debt beyond their share capital
+ The corporate income tax is between 0% and 17%
+ Newly established Singapore-registered companies can qualify for a few tax exemptions
+ Shareholding can be either local or foreign
+ The company can own property in its nameCons
+ The Singapore Companies Act allows a maximum of 50 shareholders for every Private Limited Company
+ Shares are not made available to the public
+ Shareholders of a Private Limited Company are not liable for any company debt beyond their share capital
+ The corporate income tax is between 0% and 17%
+ Newly established Singapore-registered companies can qualify for a few tax exemptions
+ Shareholding can be either local or foreign
+ The company can own property in its nameCons
+ The Singapore Companies Act allows a maximum of 50 shareholders for every Private Limited Company
+ Shares are not made available to the public
The process of setting up a Branch Office is similar to a Subsidiary Company, however it is considered an extension of the parent company, rather than a separate legal entity.Pros
+ 100% foreign ownership allowed
+ Ability to enter contracts on behalf of the parent or holding company
+ Leverage of the foreign company's name to drive the business forwardCons
+ The parent company is liable for any losses
+ The Branch Office is restricted to the same constitution as the parent company
+ A parent company is required before setting up a Branch Office
+ 100% foreign ownership allowed
+ Ability to enter contracts on behalf of the parent or holding company
+ Leverage of the foreign company's name to drive the business forwardCons
+ The parent company is liable for any losses
+ The Branch Office is restricted to the same constitution as the parent company
+ A parent company is required before setting up a Branch Office
A Sole Proprietorship has one owner who is personally responsible for any profit and losses. The business and its director are considered as a single entity.
Pros
+ All profits belong to the owner
+ Revenue is taxed at personal income tax rate so annual return filing does not apply
+ Less government compliance obligations compared to other business types.
Cons
+ The owner is responsible for any losses or debt, putting your personal assets at risk
+ A Sole Proprietorship is not entitled to the same tax exemptions and rebates as corporations
Pros
+ All profits belong to the owner
+ Revenue is taxed at personal income tax rate so annual return filing does not apply
+ Less government compliance obligations compared to other business types.
Cons
+ The owner is responsible for any losses or debt, putting your personal assets at risk
+ A Sole Proprietorship is not entitled to the same tax exemptions and rebates as corporations
This type of business can be owned by a minimum of two individual(s) and a company, the owners of a Partnership have limited liability much like the shareholders of a Private Limited Company.Pros
+ As this is a separate legal entity, partners are not liable for any company debt beyond their share capital
+ Partnerships file income tax statements instead of annual returns
+ Less government compliance obligations compared to a Private Limited CompanyCons
+ Transfer of ownership is more complicated than doing this with a Private Limited Company
+ Less consumer-focused image than other types of businesses
+ As this is a separate legal entity, partners are not liable for any company debt beyond their share capital
+ Partnerships file income tax statements instead of annual returns
+ Less government compliance obligations compared to a Private Limited CompanyCons
+ Transfer of ownership is more complicated than doing this with a Private Limited Company
+ Less consumer-focused image than other types of businesses
INCORPORATION PROCESS
How SYNC helps incorporate a company in Malaysia in easy steps
We deal with the government requirements
You’ll have to employ a Nominee Director, a Corporate Secretary, and maintain a local office. You also need a certified agency to apply for incorporation on your behalf. Our local Singapore business experts help with all of these.
We incorporate your company
We handle the process 100% online. This includes collecting your documents via chat, process KYC for all directors and shareholders, and fill in all the necessary documents. We submit the application to the Malaysia government agency, and upload all data into your SYNC account.
Bank account opening, sorted
We partner with a variety of local banks that can open a business bank account for you remotely online. Our partners include Airwallex, Aspire and WorldFirst. We present you to the banks, but we can’t guarantee you’ll get an account for your business. The decision is always up to the banks.
We set up the business routine
From company registration to ongoing tax compliance and accounting services, our local incorporation advisor and tax consultant malaysia will be your trusted partners throughout your business journey.
You're ready
to start trading
Download your free Pre-Incorporation checklist
We've put together all of the documents and details you need to figure out before you open a company.
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TESTIMONIALS
What our clients think about SYNC services
FAQ
Step 1: Get your company name approvedThe first step to registering a company in Singapore is to reserve your company name via ACRA's online business filing portal, Bizfile+. Check your company name is available before you do this by using the business entity search tab on the ACRA website. To avoid any disputes in the future, your company name cannot be identical to an existing name or trademark.When you submit a name application, you will need to specify your business activities by selecting the most relevant Singapore Standard Industrial Classification (SSIC) code.Once your application is approved, you must complete your company incorporation within 120 days. If not, you will have to start the process from the beginning and pay the S$15 company name registration fee again.Step 2: Prepare your documentsCompany Constitution. You can adapt the standard Singapore company constitution that ACRA recommends. This document outlines your Memorandum of Association and your Articles of Association to determine the structure of your company, shareholder agreements and how your business will be governed.- Consent from each company director
- Consent from the company secretary
- Declaration of the company's controllersStep 3: Submit application to ACRA and pay the S$315 fee.Take note of the following before submitting your company incorporation:- For Singapore residents. When you have all the required documents, log in to Bizfile+ using your Singpass to submit your application. Under the eServices menu, navigate to "Local Company" followed by "Start a New Local Company". Click on "Application for New Company Name" and complete the form. You will need to provide the transaction number of your approved name application to proceed with incorporating a local company. Once your incorporation application has been approved, BizFile+ will email the appointed officers (e.g. directors, shareholders and company secretary). All appointed officers must endorse their appointments in BizFile+ within 60 days from the date of the email to complete your company registration.For non-residents. Foreigners without a Singpass will need to use a registered filing agent to submit the company name and incorporation applications on their behalf. To ensure your business meets legal requirements, Osome's company incorporation and accounting include your nominee director, company secretary and registered Singapore address in one package.
- Consent from the company secretary
- Declaration of the company's controllersStep 3: Submit application to ACRA and pay the S$315 fee.Take note of the following before submitting your company incorporation:- For Singapore residents. When you have all the required documents, log in to Bizfile+ using your Singpass to submit your application. Under the eServices menu, navigate to "Local Company" followed by "Start a New Local Company". Click on "Application for New Company Name" and complete the form. You will need to provide the transaction number of your approved name application to proceed with incorporating a local company. Once your incorporation application has been approved, BizFile+ will email the appointed officers (e.g. directors, shareholders and company secretary). All appointed officers must endorse their appointments in BizFile+ within 60 days from the date of the email to complete your company registration.For non-residents. Foreigners without a Singpass will need to use a registered filing agent to submit the company name and incorporation applications on their behalf. To ensure your business meets legal requirements, Osome's company incorporation and accounting include your nominee director, company secretary and registered Singapore address in one package.
We'll ask you for this information:- Company name
- Directors' particulars
- Shareholders' particularsWe'll provide the following:- Corporate Secretary particulars
- Nominee Director particulars (if required)
- Local address (if required)
- Company Constitution
- Directors' particulars
- Shareholders' particularsWe'll provide the following:- Corporate Secretary particulars
- Nominee Director particulars (if required)
- Local address (if required)
- Company Constitution
You can search SSM’s database to verify a company's registration. Type the company's name into the database using the business entity search tab on the ACRA website. If the company doesn’t appear on ACRA's database, they are not legally operating. Remember to double-check the spelling of the business name when you are searching.
Before operating a business in Singapore, you need to register your company with ACRA. The first thing you need to do is choose a company name and submit your application through Bizfile+. The name cannot be the same as the name of existing companies. You can check this on BizFile+ portal too. The fee to register a business name is $15.
After your company name has been approved by ACRA, it will be reserved for 120 days. You will need to register your business or incorporate your company within this time, otherwise, the name will be released and will be made available for other companies to register.
The cost to start a company in Singapore is low. The initial capital required is S$1. Later on, you can inject more funds into the business. Just notify the authorities when this happens.
It's also legal to issue shares without first receiving money from shareholders. Just make sure these amounts are paid in. Or, indeed, simply wait until you have the capital before issuing shares.
Once all the documents are ready, it usually takes us less than an hour to incorporate a company. It mostly depends on when you are comfortable providing all the details and the authorities’ service hours. Our record stands at 38 minutes, and we keep getting better.
Malaysia's corporate tax structure rewards enterprising companies through tax incentives and grants. The country has a single-tier tax system, so businesses are only taxed on company profits but do not tax dividends issued to shareholders.Similarly, Malaysia does not tax capital gains and most types of foreign-sourced income. The extensive network of Avoidance of Double Taxation Agreements (DTAs) and Unilateral Tax Credits allow Malaysia companies to limit or eliminate taxes on foreign-sourced income.Malaysia's headline corporate tax rate is 17%. However, due to numerous tax incentives and tax breaks, the effective tax rate for most Malaysia companies is much lower. The personal tax rate ranges on a progressive scale from 0% to 22%.
Yes, all Singaporean companies must have a local registered address. It cannot be a P.O. box. All of the statutory documents for your business should be kept here.If you don’t want an office space or aren’t residents in Singapore, it is easier to use your nominee director’s address. You can keep all your relevant documents at this address, too.You can also use your residential address as your company address, as long as your business does not disturb your neighbours. You may also need additional approval, which might delay your registration.If you don’t have an office address, use our service. We handle your incoming letters and scan and store them in your Osome account, giving you easy access to all your documents.
Yes, of course! A foreigner can register a company and own its 100% shareholding without facing any difficulties.
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