Type of Company
All companies must be registered with the Registry of Companies, Ministry of Finance.
WHAT IS A COMPANY?
A company is a business entity that is registered under the Companies Act, Chapter 39. It has a legal personality which means that it has the right to own properties, have a perpetual succession and can sue or be sued in its own name. It is identifiable with the word "Sendiran Berhad" or "Sdn Bhd‟ and "Berhad" or "Bhd‟.
A company must have at least two (2) shareholders and at least two (2) directors.
WHAT ARE THE TYPES OF COMPANY?
Up to 50 or fewer shareholders and restricted in share transfer
Has more than 50 shareholders and can offer shares and debentures to the public
A branch of Foreign company registered in another country