Set up an Agricultural Business in Malaysia
Updated on Wednesday 02nd November 2016
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A way in which foreign investors can open a company in Malaysia is by setting up an agricultural business here. The sector is sustained by the local government thought numerous policies and the main institution which handles the development of the field is the Ministry of Agriculture and Agro-Based Industry (MOA), which manages the implementation of such projects. In order to apply for the development projects carried out through this institution, the investors will have to accomplish a set of requirements, depending on their respective activity. Our team of company formation representatives in Malaysia can offer assistance on the registration of an agricultural business.
Register a company in Malaysia
In order to open a company in Malaysia, the investors will need to choose a legal entity for the respective business and to register it with the Companies Commission Malaysia. Foreigners are allowed to set up a company with 100% foreign capital, which is usually registered as a limited company.
However, it is important to know that all the companies registered here require at least two directors, who must be residents of Malaysia. At the same time, it is compulsory to have a business address registered in Malaysia, as well as a corporate bank account. Our team of specialists in company formation in Malaysia can assist investors with legal advice on these procedures.
Agricultural industry in Malaysia
The agricultural industry in Malaysia has suffered many changes in the last decades, changing from family farms to more modern means of production, carried out through various companies which are able to implement systems that align with the local and international food and safety standards.
Agriculture in Malaysia refers to a wide range of products and the MOA projects can help investors who grow fruits and vegetables or who are involved in a business providing meat products on the local market.
In order to apply to the MOA projects, the businessmen will need to provide a certificate attesting the quality and the food safety of their crops, but also to have a business plan that can be implemented.
Investors are invited to contact our company formation agents for more details on the procedure of company registration in Malaysia.