Everything You Should Know About Sdn Bhd Company

In Malaysia, Sdn Bhd firms account for the majority of new business registrations. In Malaysia, there were approximately 4000 Sdn Bhd entities, according to a 2019 poll.

After the Companies Act of 2016 went into effect, these businesses have grown much more well-liked because the procedure has become so simple and quick to follow.

You can register your business as a Sdn. Bhd. in Malaysia by following the instructions in this article, which also contains vital information regarding Sdn. Let’s start with the fundamentals:

What is a Sdn Bhd Company?

In Malaysia, Sendirian (Sdn) Berhad (Bhd) is a private limited company. A Sdn Bhd business must have at least one shareholder and one director in accordance with the Companies Act of 2016.

It differs significantly from other sorts of Malaysian company registrations that call for a minimum of two directors.

Hence, even if you don’t have any business partners, you can still form a Sdn Bhd company and run it as the only shareholder and director. A Sdn Bhd corporation is limited to a maximum of 50 shareholders.

Eligibility of a Sdn Bhd Company

As previously mentioned, a Sdn Bhd corporation must have at least one shareholder and director to be incorporated in Malaysia.

Both of these roles may be filled by the same person. If you meet the following criteria, you can be a director of a Sdn Bhd company:

• You are older than eighteen.
• You are a Malaysian citizen.
• You can meet the other conditions outlined in the Companies Act of 2016 in order to occupy the post.

Also, in order to ensure that you can fulfil your obligations and help your business succeed, you should be aware with the main roles and responsibilities of directors and shareholders in Malaysia before registering your company as a Sdn Bhd.

Documents Required for Malaysia Company Registration (Sdn Bhd)

You must go through a rigorous company registration process in order to register your firm in Malaysia as a Sdn Bhd.

You will require a few crucial details and business-related documentation. The following information is crucial to include in your company registration documents:

• business name
• Business type and more information on the business model
• business address
• specifics of the director(s) and shareholder(s)
• MyCard or a passport for verification
• Letter of authorization for use of a trademark

A Sdn Bhd company registration in Malaysia costs RM 1,010. (including tax).