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Starting a Business

 

1 Companies Commission of Malaysia (SSM)

Companies doing business in Malaysia must register with the Companies Commission of Malaysia (SSM) under the Companies Act 2016 (Act 777).

Fees to be paid to SSM

Main fees to be paid to the Companies Commission of Malaysia (SSM):
(Refer to the Companies Regulations 2017)

Matter Fee (RM) Fee (USD)
Application for reservation of name of company under section 27 of the Act 50.00 for every thirty days or part thereof with a maximum of 180 days 12.79 for every thirty days or part thereof with a maximum of 180 days
     

Application for incorporation under section 14 of the Act:

(a) Company limited by share 1,000 256
(b) Company limited by guarantee 3,000 767
(c) Unlimited Company 1,000 256
     

Application for registration of foreign company under section 562 of the Act :

(a) with share capital    
  i. not more than RM 1,000,000.00 5,000 1,279
  ii. exceeding RM 1,000,000.00 but not exceeding RM 10,000,000.00 20,000 5,115
  iii. exceeding RM 10,000,000.00 but not exceeding RM 50,000,000.00 40,000 10,230
  iv. exceeding RM 50,000,000.00 but not exceeding RM 100,000,000.00 60,000 15,345
  v. exceeding RM 100,000,000.00 70,000 17,903
       
(b) without share capital 70,000 17,903

For the full range of fees, please visit SSM's website www.ssm.com.my

Source: Companies Act, 2016 (Act 777) & subsidiary legislations

2 Rental Rates for Prime Office
Rental Rates by Location
Location RM USD
Alor Setar, Kedah 19.00 - 27.00 4.86 - 6.91
Georgetown, Pulau Pinang 30.00 - 43.00 7.67 - 11.00
Ipoh, Perak 17.00 - 24.00 4.35 - 6.14
Kuala Lumpur* 65.00 - 108.00* 16.62 - 27.62*
Petaling Jaya, Selangor 48.44 - 59.00 12.39 - 15.09
Seremban, Negeri Sembilan 20.00 - 32.00 5.12 - 8.18
Melaka 26.00 - 38.00 6.65 - 9.72
Johor Bahru, Johor JB City
34.45 - 38.00
Medini Nusajaya
48.45 - 57.00
JB City
  8.81 - 9.72    
Medini Nusajaya
12.39 - 14.58
Kuantan, Pahang  16.00 - 24.00 4.09 - 6.14
Kuala Terengganu, Terengganu 21.50 - 27.00 5.50 - 6.91
Kota Bharu, Kelantan 13.00 - 28.00 3.32 - 7.16
Kota Kinabalu, Sabah 27.00 - 43.00 5.50 - 11.00
Kuching, Sarawak 26.00 - 38.00 6.39 - 9.72

The rental above are gross rentals per sq. metre per month inclusive of service charge.
* Rental excludes Petronas Twin Towers
** Rental for 3 Storey shop office

Source: CBRE/WTW Research

3 Cost of Industrial Land & Factory
Cost of Industrial Land
Cost of Industrial Land*
Location Selling price
per ft
Quit Rent
Per Annum
Annual assessment rate
(% of property value)
Perlis RM6.00 – 10.00

US$1.40 – 2.33

RM165 per 100m2

US$38.46 per 100m2

10
Kedah

(PKNK)

RM5.00 – 20.00

US$1.17 – 4.66

RM0.80 - 1.60 m2

US$0.19 - 0.37 m2

10 – 12
Kedah (KHTP) RM30.00 - 35.00

US$6.99 - 8.16

RM2,000.00 - 3,000.00 per ha.

US$466.20 - 699.30 per ha.

8
Penang Island

RM66.89

US$15.59

Mainland

RM 35.00

US$8.16

  • RM 1.29 (US$0.30) m2 minimum RM 300.00 (US$69.93) per lot (Town land)
  • RM 1.08 (US$0.25) m2 minimum RM 150.00 (US$34.97) per lot
Island

13.5

Mainland

10

Perak RM10.00 – 30.00

US$2.33 – 6.99

RM4,500 -11,000 per ha.

US$1,049 - 2,564 per ha.

16
Selangor RM50.00 – 150.00

US$11.66 – 34.97

RM2,700.00 – 24,000.00 per ha.

US$629.37 - US$5,594 per ha.

8 – 13
Negeri Sembilan RM6.00 – 50.00

US$1.40 – 11.66

RM1,976.84 – 7,700.00 per ha.

US$460.80 - 1,795   per ha.

8 – 13
Melaka RM15.00 – 30.00

US$3.50 -6.99

RM 60 – 180 per 100m2

US$13.99 - 41.96 per 100m2

Building

7.7 – 13.2

Vacant Land

2.5 – 13.2

Johor RM25.00 – 90.00

US$5.83 – 20.98

  • Light Industry: RM1,600 per ha. US$372.96 per ha.
  • Medium Industry: RM2,100 per ha. US$489.51 per ha.
  • Heavy Industry: RM2,400 per ha. US$559.44 per ha.
0.33 – 1.0
Pahang RM5.00 – 21.00

US$1.17 – 4.90

RM12.00 - 21.00 per sq meter  

US$ 2.80 - 4.90 per sq meter

Terengganu RM2.00 – 70.00

US$0.47 – 16.32

RM8 – 20 per 100m2

US$1.86 – 4.66 per 100m2

5 – 10
Kelantan

RM15.00

US$3.50

RM1,000.00 per ha

US$233 per ha.

5 – 12
Sabah

-KKIP

-POIC

RM20.50– 28.00

US$4.78 – 6.53

RM26.00 – RM30.00

US$6.06 - 6.99

RM0.25 p.s.f.

US$0.06 p.s.f.

RM 0.05 p.s.f

US$0.01 p.s.f

9 – 15
Sarawak

RM40.00– 100.00

US$9.32 – 23.31

RM 0.04 – 1076.00 per ha.

US$0.01 – 250.82 per ha.

5.5 – 26.5

Source: MIDA State Offices    

Cost of Ready-built Factory
Cost of Ready-built Factory**
Location Selling price per ft of floor area Rental per ft per month
Perlis RM412

US$128.75

RM0.52

US$0.16

Kedah

(PKNK)

RM50.00 – 70.00

US$15.62 – 21.88

RM0.50 – 0.70

US$0.16 – 0.22

Kedah (KHTP) Not applicable RM2.00

US$0.63

Penang Island

RM 168.00 – 400.00

US$52.50 – 125.00
Mainland

RM 141.00 -330.00

US$44.10 – 103.12

Island

RM 1.50 – 3.53

US$0.47 – 1.10
Mainland

0.70 -1.70

US$0.22 – 0.53

Perak RM97 – 115

US$30.31 – 35.94

RM0.50 – 0.70

US$0.16 – 0.22

Selangor RM70.00 – 500.00

US$21.88 – 156.30

RM1.50 – 3.00

US$0.47 – 0.94

Negeri Sembilan RM74.00 – 306.00

US$23.13 – 95.63

RM0.90 – 2.00

US$0.28 – 0.63

Melaka RM108.49 – 171.00

US$33.90 -53.44

RM0.63– 0.78

US$0.20 – 0.24

Johor RM140.00 – 400.00

US$43.75 – 125.00

RM1.20 – 3.00

US$0.38 – 0.94

Pahang RM50.00 – 127.00

US$15.63 – 39.69

RM0.40 – 0.60

US$0.13 – 0.19

Terengganu Depend on the market Depend on the market
Kelantan RM150.00

US$46.88

RM0.42

US$0.13

Sabah

-KKIP

-POIC

Detached

RM1.9 mil -4 mil

Semi Detached

RM 1.4mil -1.6 mil

Cluster

RM 700,000 – 900,000

(Only for rent)

Ready Built factory Phase 5 

(coming soon)

RM1.25 p.s.f

(15,000 p.s.f – 3 units available)

Sarawak Unit Semi Detached

= RM450,000.00

US$140,000.00

Double Storey Semi – Detached = RM360,000.00 – 398,000.00

US$112,500 – 124,375

Double Storey Detached = RM400,000.00 – 598,000.00

US$125,000 – 186,875

Double Storey Terrace = RM260,000.00 – 498,000.00

US$81,250 – 155,625

Unit Semi Detached = RM2,000.00

US$625.00

Unit Terrace = RM1,700 – 1500

US$531.25 – 468.75

Source: MIDA State Offices    


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Taxation

Human Resource

Last Updated : Friday 14th September 2018