Here comes the part you have been waiting for, you might be thinking about how you can legally convert your enterprise to a Sdn Bhd? We recommend you to do the following steps:
1. Register a Sdn Bhd – Here are some of the requirements to register a Sdn Bhd:
• A minimum paid up capital of RM1.
• At least one director of a minimum age of 18 years old and residing in Malaysia.
• All directors should not be bankrupt nor have been convicted in Malaysia within the last 5 years.
• Appoint a company secretary within 30 days of successful incorporation
2. Transfer your assets and other documentations from the Enterprise to the Sdn Bhd. You may require the services of a legal advisor or lawyer for this.
3. Close down the enterprise – This is to avoid being taken twice into consideration for tax.
We also would recommend you to speak to a tax advisor to help you make a better informed decision.
Do you need company secretarial services?
It is very important to conduct your own research and seek advice from professionals of different sectors to form an informed opinion to make a decision.
DSA Corporate Secretarial Services Sdn Bhd 202001018475 (1374795-M)
15-17, Menara Mutiara Central, 2, Jalan Desa Aman 1, Cheras Business Centre, 56000 Cheras, Wilayah Persekutuan Kuala Lumpur, Malaysia.