Requirement of setting up a Private Limited Company (Sdn. Bhd.) for Local

Your eligibility as Director

1. Malaysian/ foreigner

2. At least 1 Director resides in Malaysia

3. Age of 18 and above

4. Not bankrupt

Documents required
1. Photocopies of NRIC or Passport
2. Proof of residence (For foreigner)
3. Authorised Letter (If the proposed Company name consists of trademark or controlled words.)

Annual Obligations of Private Limited Companies by Shares

1. Annual Return
File with the Registrar each calendar year not later than thirty (30) days from the anniversary of its incorporation date.

2. Financial Statements and Reports
Financial statements and reports are to be circulated to members within 6 months from the financial year ended (FYE). A copy of the financial statements and reports shall be lodged with the Registrar within thirty (30) days from the date of its circulation.

3. Annual Tax Return
Under the self-assessment system, submission should be made within seven (7) months from the end of the accounting period of the company which constitutes the basis period for the year of assessment.

4. Form E
Form E is a declaration report submitted by every employer to inform the Inland Revenue Board (IRB) on the number of employees and the list of employee's income details every year not later than 31st March.