How to Open a Company in the Construction Field in Malaysia
Updated on Monday 23rd January 2023
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In order to open a company in Malaysia operating in the field of constructions, the businessmen will be required to register the company following the applicable regulations available for all types of legal entities operating here, regardless of their business activities. However, there are specific tasks that must completed, on which our team of company formation agents in Malaysia can offer in-depth assistance.
Register a company in Malaysia
Regardless of the legal entity chosen for incorporation, all companies operating on the local market will need to register with the Companies Commission Malaysia, which is the main institution handling incorporation matters in this country.
As a general rule, most of the investors prefer to register a limited company (Sdn Bhd), which requires only few legal documents for the registration. Foreign investors interested in the procedure of company formation in Malaysia for a limited company will only need to provide their ID documents or a copy of the passport.
Foreigners can set up a company here with no restrictions related to their nationality, but it is important to know that the person who will occupy the position as the company’s director will need to be a resident of Malaysia. Our team of consultants in company registration in Malaysia can offer more information on the requirements established for the directors of a local business.
Requirements for construction companies in Malaysia
In order to start a company in the construction field, the investors will need to obtain a license issued by the Construction Industry Development Board (CIDB), which is a compulsory requirement for all types of companies operating in this sector.
The procedure of company registration in Malaysia for such companies specifies that all business forms will need to obtain a certificate issued by the CIDB. The certificate is available for a period of minimum one year (and up to three).
The requirement is compulsory for companies developing activities in the following fields:
• civil engineering construction;
• building construction;
• mechanical construction;
• electrical construction.
Are you looking for CPA in Malaysia? You can collaborate with our accounting specialist and discover payroll services, bookkeeping, audits, personalized financial consultancy services, management of human resources, and many more. We recommend high caliber investors opt for investment consultancy and financial analysis reports if they want to expand their portfolio and make other investments.
Businessmen are invited to contact our team of specialists in company formation in Malaysia for more details on the business permits needed in this field.