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LLP Registration
In Malaysia

Limited Liability Partnerships (LLPs) in Malaysia offer a blend of corporate and partnership benefits, providing flexibility and protecting personal assets from business liabilities. To register an LLP, you need to choose a unique name, appoint partners, and submit the required documents to the Companies Commission of Malaysia (SSM). This structure allows for streamlined business management while ensuring legal protections.

Within Our Services

We provide comprehensive services to assist you at every stage of managing your Limited Liability Partnership (LLP).

Eligibility Assessment

Ensure your existing business meets the requirements for conversion.

Drafting an LLP Agreement

Create an agreement outlining the roles and responsibilities of partners.

Filing with SSM

Submit the necessary documents, including the application for conversion, to the Companies Commission of Malaysia (SSM).

Dissolution of Previous Entity

If converting from a partnership or sole proprietorship, the original entity must be dissolved.

Registration

Once approved, the LLP will be registered, providing partners with limited liability protection and allowing for smoother operations.

How does LLP works in Malaysia

To set up an LLP in Malaysia, compliance with the Companies Commission of Malaysia's regulations is essential. This includes registering the LLP with SSM (Suruhanjaya Syarikat Malaysia), submitting necessary documents, and obtaining required licenses and permits, along with meeting other legal obligations.
 

A significant benefit of an LLP is that partners can actively participate in managing the business while still being shielded from the company’s liabilities. Furthermore, LLPs do not face mandatory audit requirements.

Image by Rodolfo Cuadros
Image by Scott Graham

Requirements to Register a LLP

Partners

A minimum of two partners, who can be individuals or corporate entities, with at least one partner being a resident of Malaysia.

LLP Agreement

A formal agreement outlining the rights, responsibilities, and management structure of the partners within the LLP.

Compliance Officer

One compliance officer to ensure adherence to legal and regulatory obligations, helping to safeguard the LLP and promote good governance. One partner is able to step in as compliance officer.

Compliance with Legal Requirements

Adherence to any additional regulatory requirements, such as licenses or permits depending on the nature of the business.

  • 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.
  • 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).
  • 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).
  • 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.
  • 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.
  • 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.
  • 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.
  • 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.
  • 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.
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