Strategic Initiatives for Sustainable Growth

At GoSenang, our mission is to provide innovative and reliable professional services that drive business success. We are committed to integrity, excellence, and fostering long-term partnerships with our clients.

Incorporation Process

How GoSenang Makes ‘Company Incorporation in Malaysia’ Easy

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1. We handle the requirements

Navigating government requirements can be challenging. At GoSenang, we manage everything for you, including appointing a Nominee Director, a Corporate Secretary, and securing a local office. Our team of local experts will guide you through every step. 

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2. We incorporate your company

Our incorporation process is 100% online. We’ll collect your documents via chat, perform KYC checks for all directors and shareholders, and complete all necessary paperwork. Once everything is ready, we submit your application to the relevant Malaysian authorities and upload all data to your GoSenang account. 

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3. Opening your business bank account

We collaborate with various local banks to help you open a business bank account online. Our partners include trusted names in the industry, and we’ll facilitate the introduction. However, please note that the final decision lies with the banks. 

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4. Setting up your business routine

From registration to tax compliance and accounting services, our experienced local accountants will support you every step of the way, ensuring a smooth transition into your first year of business. 

Who We Serve

GoSenang Guide to Business Entities in Malaysia

Choosing the right business entity is crucial for your business's legal structure, taxation, and liability. Here's a comparison of the different types of business entities available in Malaysia to help you make an informed decision. 

1. Private Limited Company (Sendirian Berhad or Sdn. Bhd.)

A private limited company is a separate legal entity from its shareholders and directors. It offers limited liability protection and is one of the most popular business structures in Malaysia. 

Pros
  • Limited Liability: Shareholders are not personally liable for the company’s debts beyond their share capital.
  • Corporate Tax Rate: The tax rate ranges from 15% to 24%, with tax incentives available for newly incorporated companies.
  • Separate Legal Entity: Can own property, enter into contracts, and sue or be sued in its name.
  • Flexible Ownership: Can have foreign or local shareholders, with a minimum of one and a maximum of fifty shareholders.
Cons
  • Compliance Requirements: Subject to more compliance requirements, such as annual returns, audited financial statements, and regular board meetings.
  • Cost: Higher setup and maintenance costs compared to other business entities.

2. Sole Proprietorship

A sole proprietorship is owned by a single individual who is responsible for all aspects of the business. It is the simplest and most common type of business entity for small businesses. 

Pros
  • Full Control: The owner has complete control over business decisions and profits.
  • Simple Setup: Easy and quick to set up with fewer legal requirements.
  • Lower Cost: Minimal setup and compliance costs compared to corporations.
Cons
  • Unlimited Liability: The owner is personally liable for all business debts and obligations, putting personal assets at risk.
  • Limited Growth Potential: Raising capital can be difficult as it cannot issue shares.

3. Partnership

A partnership is a business owned by two or more individuals. It’s similar to a sole proprietorship but with shared ownership and responsibilities. 

Pros
  • Shared Responsibility: Business decisions and responsibilities are shared among partners.
  • Easy to Establish: Simple registration process with fewer formalities than corporations.
  • Flexibility: Partners can bring in additional skills, knowledge, and capital.
Cons
  • Unlimited Liability: Partners are personally liable for business debts and liabilities.
  • Potential for Disputes: Disagreements among partners can lead to conflicts.
  • Shared Profits: Profits must be shared among partners as per the partnership agreement.

4. Limited Liability Partnership (LLP)

An LLP combines the benefits of a partnership and a private limited company. It offers limited liability to its partners while allowing them to manage the business directly. 

Pros
  • Limited Liability: Partners are not personally liable for business debts beyond their investment in the LLP.
  • Flexible Management: Partners can manage the business directly without a board of directors.
  • Less Compliance: Fewer compliance requirements compared to a private limited company.
Cons
  • Public Disclosure: LLPs are required to file annual returns and financial statements, which are publicly accessible.
  • Limited Scope: May not be suitable for all types of businesses, especially those requiring significant capital.

5. Branch Office

A branch office is an extension of a foreign company operating in Malaysia. It is not a separate legal entity but an extension of the parent company. 

Pros
  • 100% Foreign Ownership: Allows foreign companies to establish a presence in Malaysia without local shareholders.
  • Leverage Parent Company’s Reputation: Can use the name and reputation of the parent company.
Cons
  • Unlimited Liability: The parent company is liable for all debts and obligations of the branch office.
  • Limited Activities: Restricted to activities similar to those of the parent company.

6. Representative Office

A representative office is set up to undertake market research and promotional activities on behalf of its parent company. It cannot engage in commercial activities or generate income. 

Pros
  • Market Research: Allows foreign companies to explore business opportunities in Malaysia without significant investment.
  • No Taxation: As it does not generate income, it is not subject to corporate taxes.
Cons
  • No Commercial Activities: Cannot engage in trading or other revenue-generating activities.
  • Temporary Setup: Typically set up for a limited duration, often requiring renewal.

Why Choose Us

Why Incorporate
Businesses with GoSenang? 

Start Business Instantly

We understand all your legal obligations in setting up the perfect company, we do it quicker & better, so you do not need to do the paperwork yourself.

Register Anywhere & Anytime

Our software automates the incorporation process for you, so you won't need to complete any of the paperwork yourself.

Connected Bankers

We provide all out guidance & assistance in connecting you with our best banking partners

Dedicated Support

We have a devoted team of experts ready to listen to your needs via chat and phone call.

Pricing

Incorporation Packages

Facilitate your business setup with our comprehensive incorporation packages, offering expert guidance for a seamless registration process and legal compliance.

Fee Structure
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One-Time Fee (MYR)
1,821
2,301
2,781
Incorporation
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Registration preparation & filing, includes MYR1,010 govt fee
All post-incorporation documents (registers, minutes book)
SSM name checking
Assistance in connecting with our banking partners
Go Senang Secretarial Software
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Expert support via chat
Digitalised Statutory Documents (form, resolution and registers)
Secure Digital Identity & Signature
Corporate secretary essentials
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Empty
Licensed Secretary
Registered Office Address
Annual Compliance
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Empty
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Annual Return Submission (MYR)
300
Audited Financial Statement Submission (MYR)
200
Request For Extension Of Time (EOT) (Include SSM Fee)
Exempt Private Company (EPC) (Include SSM Fee)
Corporate changes
Empty
Empty
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Change in Director and Officers
Unlimited
Share Transfer (excluding Stamp Duty)
Unlimited
Other Ordinary Event
Unlimited

Choosing the Right Business Entity

Selecting the right business structure depends on your business goals, the level of control you want, and the extent of liability you're willing to assume. At GoSenang, we can help you navigate these options and ensure that you choose the entity that best suits your business needs. Contact us today for personalized guidance and support. 

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