Incorporation

 

Private Limited Company

 

In Malaysia and Singapore, the most common types of limited companies are those limited by shares. These companies are incorporated and governed by the Companies Act, 1965.

 

In Malaysia:-

A private limited company can only be incorporated if its memorandum and articles:-

  • Restricts the right to transfer its shares subject to the approval of its directors;

  • Limits the numbers of its members to not more than 50 (requires a minimum of 2 natural persons, but allow another company to wholly own 100% of its issued shares).

  • Prohibit any invitation to the public to subscribe for any shares or debentures of the company;

  • Prohibits any invitation to the public to deposit money with the company for fixed periods or payable at call, with or without interest.

 

In Singapore:-

 A minimum of 1 director, who must be a Singapore resident individual.i.e. a Singapore Citizen, a Singapore Permanent Resident, a person who has been issued an Employment Pass/Approval-In-Principle letter/Dependant's Pass. 

 

A minimum of 1 shareholder is required. Shareholders may be local or foreign corporations or individuals. We provide nominee shareholder for anonymosity purpose.