Setting Up a Tech Business in Malaysia
Introduction
Malaysia offers a robust environment for tech entrepreneurs. This guide walks you through the key steps to establish a tech business and access various incentives and resources.
How to Set Up a Tech Business in Malaysia
Step 1 : Register Your Company
The first step in setting up your tech business in Malaysia is registering with the Companies Commission of Malaysia (SSM). This ensures your business complies with Malaysian laws and formalises your operations.
You can complete this process online via SSM’s portal. Ensure your business name aligns with your brand and adheres to regulatory guidelines.
All companies established in Malaysia are also required to have at least one Company Secretary, which must be a natural person, a resident in Malaysia, and a member of any one of the prescribed professional bodies licensed by the SSM.
Step 2 : Secure a Business Location
Securing a business location and address is a critical step in establishing your tech business in Malaysia. It is essential to ensure that your location meets your business needs and aligns with local regulations.
Consider factors such as accessibility, infrastructure, and proximity to key resources or partners. Our interactive Malaysia map may be useful in helping you find a suitable location that supports the growth and success of your tech venture.
For businesses looking for co-working spaces, Malaysia Digital Hubs (MDH) offer flexible, government-certified co-working spaces designed for tech businesses to thrive.
Step 3 : Explore Employment Pass Options
Attract global talent by applying for appropriate employment passes. The Malaysia Expatriate Talent Service Centre (MYXpats Centre) processes and issues all Employment Passes and related documents for expatriates wanting to work in Malaysia.
You can also visit MDEC’s Expats Service Centre for all your foreign knowledge worker passes enquiries.
Other programmes that may be of interest include the Malaysia Tech Entrepreneur Programme (MTEP) for entrepreneurs, the Rantau Nomad Pass for digital nomads and remote workers, and Malaysia My Second Home (MM2H) for non-Malaysians looking to retire and live in Malaysia for an extended period.
Step 4 : Open a Corporate Bank Account
Setting up a corporate bank account is critical in managing your financial operations. Many local and international banks offer multi-currency business accounts.
Foreign businesses should ensure they have certified registration documents, director passports, and a board resolution for opening a bank account.
Step 5 : Apply for the Malaysia Digital Status
If your business operates within the digital space, applying for the Malaysia Digital (MD) Status unlocks tax incentives, grants, and other benefits provided by the government.
Additional Resources
Leverage comprehensive reports to gain deeper insights into Malaysia's digital landscape. Recommended readings include:
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