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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 12.21 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

244.00

(b) Company limited by guarantee 3,000

733.00

(c) Unlimited Company 1,000 244.00
     

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

1,221.30

  ii. exceeding RM 1,000,000.00 but not exceeding RM 10,000,000.00 20,000

4,885.20

  iii. exceeding RM 10,000,000.00 but not exceeding RM 50,000,000.00 40,000

9,770.40

  iv. exceeding RM 50,000,000.00 but not exceeding RM 100,000,000.00 60,000

14,665.60

  v. exceeding RM 100,000,000.00 70,000

17,098.19

       
(b) without share capital 70,000 17,098.19

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 4.64 – 6.60
Georgetown, Pulau Pinang

 Georgetown

27.00 – 38.00

Outside Georgetown

36.00 - 48.00

Georgetown

6.60 – 9.28

Outside Georgetown

8.79 – 11.73

Ipoh, Perak 17.00 - 24.00 4.15 – 5.86
Kuala Lumpur* 65.00 – 118.00* 15.87 – 28.82*
Petaling Jaya, Selangor 60.00 – 69.00 14.66 – 16.85
Seremban, Negeri Sembilan 20.00 - 32.00 4.88 – 7.82
Melaka 26.00 - 38.00 6.35 – 9.28
Johor Bahru, Johor

Building Age> 5 Years

27.00 – 32.00

Building Age< 5 Years

38.00 – 48.00

Building Age> 5 Years

6.60 – 7.82

Building Age< 5 Years

9.28 – 11.72

Kuantan, Pahang  16.00 – 27.00 3.91 – 6.60
Kuala Terengganu, Terengganu 30.00 – 40.00 7.33 – 9.77
Kota Bharu, Kelantan 12.00 – 28.00 2.93 – 6.84
Kota Kinabalu, Sabah 16.00 – 65.00 3.91 – 15.88
Kuching, Sarawak 22.00 – 38.00 5.37 – 9.28

 Notes: The Rental above are gross asking rentals per sq. m per month inclusive of service charge
*Rental excludes Petronas Twin Towers 


Source: CBRE | WTW Research, March 2020.

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

RM8.00 – 12.00

US$1.96 – 2.93

RM296.50 per 100m²

US$72.49 per 100m²

8-10
Kedah

(PKNK)

RM10.00 – 20.00

US$2.44-4.89

RM0.80 - 1.60 m2

US$0.20-0.39 per  m²

10 – 12
Kedah (KHTP)

RM35.00

US$8.56

RM0.40– 0.80 per ha.

US$0.09 – 0.20 per ha.

8
Penang

Island
(based on the Valuation and Property Services Department)

Mainland
Penang Science Park and Penang Science Park North
RM 50.00
US$12.21 per sf for 60 year leasehold

Batu Kawan iIndustrial Park
RM 52.00
US$12.70 per sf for 60 year leasehold

Island : RM 1.15 US$0.28 Per sqm Pending

Mainland : RM 1.29  US$0.32 Per sqm

Island
14.75

Mainland

11.25
Perak RM10.00 – 30.00

US$2.44 – 7.33

RM4,500 -11,000 per ha.

US$1,100 – 2,689 per ha.

16
Selangor

RM65.00– 200.00

US$15.89 – 48.90

RM2,700.00 – 24,000.00 per ha.

US$690.53 - US$6,138 per ha.

8 – 13
Negeri Sembilan

RM10.00– 70.00

US$2.44 – 17.10

RM1,976.84 – 7,700.00 per ha.

US$483 – 1,883 per ha.

8 – 13
Melaka

RM20.00 – 60.00

US$4.89 – 14.66

RM 60 – 240 per 100m2

US$14.67 -58.68 per 100m²

Building
0.35 – 0.55
Vacant Land
0.07 –0.5

Johor RM25.00 – 90.00

US$6.11– 22.00

Light Industry: RM1,600 per ha.
US$391.20 per ha.

Medium Industry: RM2,100 per ha.
US$513.45 per ha.

Heavy Industry: RM2,400 per ha.
US$586.80 per ha.

0.33 – 1.0
Pahang

RM7.00– 21.00

US$1.71-5.13

RM 15.00 – 21.00 per sq meter

US$3.66 – 5.13 per sq meter

Terengganu RM2.00 – 70.00

US$0.49 – 17.12

RM8 – 20 per 100m2

US$1.96 – 4.89 per 100m²

5 – 10
Kelantan

RM26.00-27.00

US$6.36-6.60

RM7,000.00 per ha

US$1,711 per ha.

5 – 12
Sabah

-KKIP

-POIC

RM20.50– 28.00

US$5.01-6.85

RM26.00 – RM30.00

US$6.65 –7.67

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

RM8.00– 20.00

US$1.96-4.89

0.05 per m²
(Country Land)

0.07-0.27 per m²

5.5 – 25.17

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

RM436.00

US$107

RM0.75

US$0.18

Kedah

(PKNK)

RM100.00 – 150.00

US$24.45 – 36.67

RM0.50 – 0.70

US$0.12-0.17

Kedah (KHTP) Not applicable

RM1.00 – 2.00

US$0.24 – 0.49

Penang

Island
RM 180.00 – 440.00
US$44.00 – 107.58
Mainland
RM 150.00 -350.00

US$36.67– 85.57

Island
RM 1.50 – 3.50
US$0.37– 0.86
Mainland
 1.00  -1.70

US$0.24– 0.41
Perak RM97 – 115

US$23.72 – 28.12

RM0.50 – 0.70

US$0.12 – 0.17

Selangor

RM100.00– 500.00

US$24.45– 122.25

RM1.50 – 3.00

US$0.37 – 0.73

Negeri Sembilan

RM74.00 – 350.00

US$18.09 – 85.57

RM0.90 – 1.50

US$0.22 – 0.37

Melaka

RM100 – 200.00

US$24.45 -48.89

RM1.00– 2.00

US$0.24 – 0.49

Johor RM140.00 – 400.00

US$34.23-97.80

RM1.20 – 3.00

US$0.29 – 0.73

Pahang RM50.00 – 127.00

US$12.22 – 31.05

RM0.40 – 0.60

US$0.09 – 0.15

Terengganu Depend on the market Depend on the market
Kelantan

RM100.00-150.00

US$24.45-36.67

RM0.75 – 0.85

US$0.18 – 0.21

Sabah

-KKIP

-POIC

Detached
RM1.9 mil -4 mil
US$464,547-977,995

Semi Detached
RM 1.4mil -1.6 mil
US$342,298 – 391,198

Cluster
RM 700,000 – 900,000
US$171,149 – 220,048

(Only for rent)

Ready Built factory Phase 5 (coming soon)

RM1.25 p.s.f
US$0.31

(15,000 p.s.f – 3 units available)
Sarawak

RM 49.00 per ft²  US$11.98

(based on MINTRED’S current rental and selling price)

RM 0.25 per ft² US$0.06

(based on MINTRED’S current rental and selling price)

Source: MIDA State Offices    


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Taxation

Human Resource

Last Updated : Thursday 22nd October 2020