YOUR BETTER ALTERNATIVE TO AN INCORPORATED COMPANY IN MALAYSIA
Limited Liability Partnership ("LLP")
LLP is an alternative business vehicle regulated under the LLP Act 2012 which combines the characteristics of a company and a conventional partnership. This makes it a great option for professionals, startups and SMEs (particularly, JVs, VCs) who are looking to gain limited liability status whilst accommodating different partners for management flexibility.
Here’s what you need to incorporate a LLP.
We’ll take care of it all.
Everything that is required from you to get started.
Your eligibility as a LLP Partner
At least 2 partners resides in Malaysia
Age of 18 and above
Photocopy of IC
Consent letter (if your proposed LLP name is similar to related or associated corporation/ is a trademark / has controlled words)
However, you shall appoint at least one Compliance Officer chosen amongst the partners, who is a citizen / permanent resident of Malaysia, an undischarged bankrupt, not disqualified to act as director under the Companies Act 2016 and ordinarily resides in Malaysia, before you can set-up LLP.
Here are the plans for you to start...!
Reasonable. Affordable. Sustainable.
Included RM500 (SSM Registration Fees)
Name application (1 time) & registration fee
Preparing 2 sets of certificate of registration and Form LLP Registration
Professional advice on statutory / compliance / accounting / tax matters
Prepare resolution to open first LLP’s bank account
Prepare minutes of first Partners’ meeting
Additional things you may need
One-off services upon your request.
Advisable to have a Partnership Agreement. If not, LLP Act 2012 will apply.
Annual Retainer Fee
General advisory on LLP, annual declaration filing & preparation and disclosure of beneficial owners’ interest
Bank Account opening assistance
Requires your presence at the bank / our office
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Company Rubber Stamp
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