Are you wondering if you can own and control 100% of your company in Malaysia? If so, then the answer is yes. However, it will depend on the type of business and industry you are trying to establish.
Industries Allowing 100% Foreign Ownership
There are several industries that allow you to own and control, which include technology and IT services. This type of industry is rapidly developing, particularly its digital infrastructure. Moreover, the government supports tax incentives and grants for tech startups and digital services.
Another industry is manufacturing and export. Foreign investors can own 100% of manufacturing businesses, especially electronics, automotive parts, and semiconductors. The renewable energy industry also shows promise, particularly companies in solar, wind, hydropower, and waste management. That is because Malaysia encourages clean energy investments and incentives.
Businesses in warehousing, supply chain management, and freight forwarding are also among those that can be fully owned by a foreigner. In fact, most logistics companies require no local partner in this type of industry. You are also allowed to own and control hospitals, clinics, and medical tourism facilities. However, you need to comply with regulatory approvals. Nonetheless, the sector is open for investments.
Furthermore, you can opt for education and e-learning because they are allowed to be owned and controlled by foreigners. These include private schools, colleges, and edtech startups. In fact, international schools and specialised training centres are especially encouraged.
How to Own 100% of a Business
The first thing that you need to do is to register a private limited company. This is the most common legal structure for foreigners. The next thing is to satisfy the capital requirements because certain industries need a minimum paid-up capital, particularly for foreign-owned companies.
Of course, you also need to obtain licenses if you want to own and control a business in Malaysia. There are industry-specific licenses that are required from government bodies. Furthermore, you need to comply with regulations, such as following guidelines from agencies like the Malaysian Investment Development Authority or the Companies Commission of Malaysia.
Who Can Help You Register Your Business
Company Secretary
You need a licensed company secretary to do that for you. In fact, it is required by law that every company in Malaysia must appoint a company secretary within 30 days of incorporation.
Business Consultants
They will provide end-to-end support, including market research, business planning, and company registration. This is great if you are looking to structure your business or apply for licences.
Law Firms or Corporate Legal Advisors
These entities will ensure that all legal aspects of your business are in the right place. This is ideal for industries with regulatory complexities such as fintech or healthcare.
Accounting Firms
There are many accounting firms that provide company incorporation services together with bookkeeping and tax management services. They are quite useful if you need long-term financial management support.
Online Company Registration Platforms
This method will help you streamline the processes online. You can find this suitable for simple, straightforward business structures.
If you need help in establishing your new business, you can reach out to us for your company registration needs. We specialise in business registration in Malaysia. If you are ready to get started, contact us today so we can discuss the process of setting up your company here.
