Methods of conducting business in Malaysia -
In Malaysia, business may be conducted in the following manner: -
(a) by an individual operating as a sole proprietor; or
(b) by two or more (but not more than 20) persons in partnership; or
(c) by a limited liability partnership (LLP); or
(d) by a locally incorporated company or by a foreign company registered under the Companies Act, 2016 (“Act”). A company is a legal entity separate from its members or shareholders. The shareholders cannot be held liable for the debts of a company unless they personally guarantee the debts or loans of the company. According to the Act, a company must be registered with the Companies Commission of Malaysia (“CCM”) to engage in any business activity.
Please see full Chapter below for more information.