Incorporating a new company in Kuala Lumpur, Malaysia can be an exciting venture, but it can also be a complex and time-consuming process. From registering with the Companies Commission of Malaysia to drafting articles of association and negotiating contracts, there are many legal considerations involved in setting up a new company. Engaging the services of a lawyer can help streamline this process and ensure that your new company is compliant with all relevant laws and regulations. In this article, we will explore the benefits of hiring a lawyer to incorporate a new company in Kuala Lumpur, and provide an overview of the legal services that a lawyer can offer throughout the incorporation process.
The process of incorporating a new company in Kuala Lumpur, Malaysia can be broken down into several key steps, including:
Choose a company name: The first step in incorporating a new company is to choose a unique and suitable company name. The name should not be too similar to an existing company name and should not be misleading or offensive.
Register with the Companies Commission of Malaysia (CCM): The next step is to register the new company with the CCM. This involves submitting the necessary documents and paying the required fees. The CCM will review the application and issue a certificate of incorporation if all requirements are met.
Draft articles of association: The articles of association are the rules that govern the internal affairs of the company. They cover topics such as the company's share structure, director appointments, and voting procedures.
Obtain necessary licenses and permits: Depending on the nature of the business, the new company may require additional licenses and permits to operate legally. These may include permits for health and safety, environmental compliance, and business operations.
Draft contracts and agreements: Once the company is incorporated, it may need to enter into contracts with suppliers, employees, and other parties. A lawyer can help draft these contracts to ensure that they are legally binding and protect the company's interests.
Comply with tax and employment laws: The new company must comply with all relevant tax and employment laws, including registering with the Inland Revenue Board and obtaining work permits for foreign employees.
Throughout this process, a lawyer can provide legal advice and guidance to ensure that the new company is compliant with all relevant laws and regulations.
