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Nominee Director

Foreigners often seek nominee directors to navigate local regulations and ensure compliance in jurisdictions where foreign ownership is limited. By appointing a nominee director, businesses can maintain a local presence, safeguard confidentiality, and adhere to legal requirements.

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We assist clients by providing qualified nominee directors who understand the regulatory landscape. Our services ensure that your company operates smoothly while you focus on growth, knowing that your legal obligations are met. With our expertise, you can confidently expand your business in foreign markets.

Required Terms & Conditions

The nominee director will represent the client per a specified agreement, maintaining confidentiality and compliance with local laws. Their liability is limited to their defined role. Appointments are for a set term, renewable by mutual consent, and either party may terminate with notice. Clients must agree to the payment terms, including any additional compliance costs.

Requirements

  1. KYC Compliance:

    • Successfully pass our Know Your Customer (KYC) compliance assessment.

  2. Director Appointment:

    • Appoint at least one additional director, who may be a foreign national, to serve as an executive director.

  3. Bank Statement Submission:

    • Provide a copy of your monthly bank statement for review by our nominee director.

  4. Security Deposit:

    • Submit a refundable security deposit starting at RM10,000, which may increase based on your company's turnover, share capital, external debt, regulated business status, or the number of local and foreign employees.

  5. Sanctions Compliance:

    • Ensure you are not a citizen of, nor conduct business with customers from, countries listed under the US Sanctions list.

  • 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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