Best New Business Formation Lawyers in Malaysia

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Kevin Wu & Associates
Kuala Lumpur, Malaysia

Founded in 2020
7 people in their team
English
Chinese
Malay
We are a full-service law firm based in Kuala Lumpur, Malaysia. We possess a broad range of expertise to serve our clients. Our Firm's 3 Core Divisions are Corporate Advisory, Dispute Resolution and Criminal Law. Each of our Divisions is helmed by specialist practitioners who are able to leverage...
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Azmi & Associates
Kuala Lumpur, Malaysia

Founded in 2000
200 people in their team
Malay
English
Chinese
ABOUT USAzmi & Associates is a full-service international law firm that was founded on the principle that we would succeed only if we deliver prompt, high-quality and cost-effective services to our clientele.We progressively strive to be a world-class corporate and commercial law firm,...
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Wong Chambers
Kuala Lumpur, Malaysia

Founded in 2013
English
Wong Chambers, established in 2013, is a boutique law firm in Kuala Lumpur, Malaysia, renowned for delivering tailored legal solutions that are both practical and commercially sound. The firm specializes in civil and commercial litigation, arbitration, and alternative dispute resolution, as well as...
KLER Advocates & Solicitors
Petaling Jaya, Malaysia

Founded in 2014
English
Established in 2014, KLER Advocates & Solicitors has evolved from its initial practice in Sungai Buloh to become a prominent legal firm in Malaysia's Klang Valley, now headquartered in Petaling Jaya. The firm offers a comprehensive range of legal services, including commercial and corporate...
Shook Lin & Bok
Kuala Lumpur, Malaysia

Founded in 1918
500 people in their team
Malay
INTRODUCTIONFrom its humble origins as a sole-proprietorship established in 1918, Shook Lin & Bok has grown into one of the largest law firms in Malaysia. It is also the oldest law firm of local origin in the country.The practice began in a limited number of practice areas. As Malaysia evolved...

Founded in 2019
English
Lim Law Chambers is a distinguished law firm located in Johor Bahru, Malaysia, renowned for its comprehensive range of legal services. Specializing in areas such as family law—including on-site divorce services—estate planning, business contracts, real estate transactions, criminal defense, and...
Peter Huang & Richard
George Town, Malaysia

Founded in 1990
10 people in their team
Malay
About UsOur story started in 1986 when our founder Peter Huang set up Peter Huang & Associates. In 1990, with the admission of Richard Huang as a partner, the firm adopted its present name – Peter Huang & Richard.We are a full service firm with a strong focus on Intellectual Property...

English
Kee Sern, Siu & Huey (Advocates & Solicitors) stands as a distinguished law firm in Malaysia, renowned for its profound expertise in multiple facets of legal practice. The firm excels in providing comprehensive legal services across various sectors, consistently maintaining a strong focus on...
Petaling Jaya, Malaysia

Founded in 2016
English
Established in 2016 by Dato’ Geethan Ram Vincent, Geethan Ram Advocates & Solicitors has become a prominent criminal defense firm in Malaysia. Dato’ Geethan's extensive background includes serving as a Deputy Public Prosecutor at the Attorney General’s Chambers and as a Prosecuting Officer at...

English
Tham & Co. Advocates & Solicitors, located in Selangor, Kuala Lumpur, offers comprehensive legal solutions and consultation services across Peninsular Malaysia. Under the leadership of founder and managing partner Mr. Tham Joe Ping, the firm brings extensive experience in various legal domains,...
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About New Business Formation Law in Malaysia

New Business Formation in Malaysia refers to the process of legally establishing a new business entity in the country. This process involves registering the business with the relevant authorities, obtaining necessary licenses and permits, and ensuring compliance with local laws and regulations.

Why You May Need a Lawyer

There are several situations where you may require the help of a lawyer for New Business Formation in Malaysia. Some common scenarios include drafting legal documents such as partnership agreements or employment contracts, navigating complex regulatory requirements, and resolving disputes with business partners or competitors.

Local Laws Overview

Key aspects of local laws relevant to New Business Formation in Malaysia include the Companies Act 2016, which governs the incorporation and operation of companies in the country, and the Companies Commission of Malaysia (SSM), which is responsible for regulating businesses in Malaysia.

Frequently Asked Questions

1. What are the different types of business entities I can form in Malaysia?

In Malaysia, you can choose to establish a sole proprietorship, partnership, limited liability partnership (LLP), private limited company (Sdn Bhd), or a public limited company (Berhad).

2. Do I need a business license to operate in Malaysia?

Yes, depending on the nature of your business, you may need to obtain specific licenses or permits from the relevant authorities in Malaysia.

3. How long does it take to register a new business in Malaysia?

The timeframe for registering a new business in Malaysia can vary depending on the type of business entity you choose and the completeness of your documentation. Generally, it can take anywhere from a few days to a few weeks.

4. How can a lawyer help me with New Business Formation in Malaysia?

A lawyer can assist you with legal due diligence, drafting contracts, ensuring compliance with local laws, resolving disputes, and protecting your business interests.

5. What are the tax implications of forming a new business in Malaysia?

Businesses in Malaysia are subject to corporate income tax, which is currently at a rate of 24%. It is important to consult with a tax advisor or lawyer to understand the tax obligations for your specific business entity.

6. Can a foreigner own a business in Malaysia?

Yes, foreigners can own a business in Malaysia subject to certain restrictions and approvals from the relevant authorities.

7. What are the common pitfalls to avoid when forming a new business in Malaysia?

Common pitfalls include inadequate legal documentation, failure to comply with regulatory requirements, and engaging in activities prohibited by law. It is advisable to seek legal advice to avoid these pitfalls.

8. How can I protect my intellectual property when starting a new business in Malaysia?

You can protect your intellectual property through trademarks, patents, copyrights, and trade secrets. Consulting with a lawyer specializing in intellectual property law can help you safeguard your valuable assets.

9. What are the steps involved in winding up a business in Malaysia?

The process of winding up a business in Malaysia involves fulfilling all obligations to creditors, shareholders, and employees, obtaining necessary approvals, and deregistering the business with the relevant authorities. A lawyer can guide you through this process.

10. How can I ensure legal compliance for my new business in Malaysia?

To ensure legal compliance, it is important to stay informed about local laws and regulations, maintain accurate records, and seek legal advice when needed. Engaging a lawyer familiar with Malaysian business laws can help you navigate legal complexities.

Additional Resources

For additional resources related to New Business Formation in Malaysia, you can refer to the Companies Commission of Malaysia (SSM) website, the Malaysian Investment Development Authority (MIDA), and the Bar Council of Malaysia for a list of qualified lawyers specializing in business law.

Next Steps

If you require legal assistance with New Business Formation in Malaysia, it is recommended to consult with a qualified lawyer who can provide tailored advice based on your specific needs and circumstances. Be sure to prepare relevant documents and information to facilitate the consultation process and make informed decisions for your business.

Lawzana helps you find the best lawyers and law firms in Malaysia through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including New Business Formation, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Malaysia - quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.