Business Bank Account in Malaysia
Not every banking plan is designed the same way. Our team is prepared to assist you in identifying the most suitable choice for your business requirements.
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We collaborate with banking institutions that deliver secure and user-friendly digital banking services, along with exceptional customer support. Some even offer on-site assistance to help you open your first bank account!
Benefits of a Business Bank Account
01
Separation of Finances
A business bank account helps distinguish between personal and business finances, simplifying accounting and tax reporting.
03
Access to Banking Services
Business accounts often provide additional services, such as loans, credit facilities, and tailored financial products that can support business growth.
02
Professionalism
Having a dedicated business account enhances your business's credibility, making it appear more professional to clients and suppliers.
04
Easier Cash Flow Management
Business accounts offer tools for better cash flow management, including online banking, transaction tracking, and payment solutions that streamline financial operations.
OUR BANKING PARTNERS
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What services does your company offer in Malaysia?We provide a comprehensive range of corporate secretarial services to help businesses meet all statutory and regulatory requirements. Our offerings include company incorporation, annual compliance filings, updating company records, managing board resolutions, and advisory on compliance with Malaysian laws. In addition, we assist with accounting and bookkeeping, tax filings, payroll services, and obtaining employment passes for foreign employees to ensure your business operates smoothly across all essential areas.
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Is it mandatory to have a company secretary in Malaysia?Yes, under the Malaysian Companies Act 2016, every company must appoint a qualified company secretary within 30 days of incorporation. The company secretary must be a licensed professional registered with the Companies Commission of Malaysia (SSM).
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Who can be a Company Secretary?In Malaysia, a Company Secretary must be a qualified individual who is either a member of a recognized professional body, such as the Malaysian Association of Company Secretaries (MACS), the Malaysian Institute of Chartered Secretaries and Administrators (MAICSA), the Institute of Chartered Secretaries and Administrators (ICSA), the Malaysian Institute of Accountants (MIA), or CPA Malaysia, or holds a license issued by the Companies Commission of Malaysia (SSM).
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Why should you outsource your Company Secretary services in Malaysia?Time & Resource Savings: Ensures that statutory and regulatory requirements are met by experienced professionals, freeing up valuable resources. Risk Reduction: Minimizes compliance risks and helps to avoid potential penalties. Administrative Efficiency: Manages complex administrative tasks, allowing business owners and directors to focus on growing the business. Access to Expertise: Provides access to a broad range of expertise, including legal and financial compliance. Enhanced Company Management: Supports efficient and compliant management of the company.
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What are the annual compliance requirements for a company in Malaysia?Malaysian companies must hold an Annual General Meeting (AGM), submit annual returns to SSM, and file audited financial statements. We assist with all annual compliance to ensure you meet your regulatory obligations.
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Can you assist with setting up a business bank account in Malaysia?Yes, we offer assistance with business bank account setup by providing necessary company documents, and we can guide you through the requirements of various banks.
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How much does it cost to hire a corporate secretary?The cost varies depending on the services you need. We offer competitive pricing with transparent fees for incorporation, annual filings, and additional services. Contact us for a customized quote based on your business needs.
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What happens if I don’t meet my compliance requirements?Failure to meet compliance requirements can result in penalties, fines, or, in severe cases, deregistration of your company. Our team ensures that your filings and other obligations are managed to avoid any compliance issues.
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How do I get started with your services?Getting started is easy! Simply contact us through our website or give us a call, and one of our corporate secretarial experts will guide you through the onboarding process.