February 1, 2025 Company Formation – A Step-by-Step Guide Step 1: Determine Business Structure & NameChoose a Company NameThe name must be unique and not similar to existing registered businesses.Provide 3 names of your choiceReserve the Company Name approvalSubmit a name reservation requestApproval takes 1-3 working days.Step 2: Prepare Incorporation DocumentsOnce the name is approved, prepare the following:Company Constitution (optional) – If not provided, the company follows the Companies Act 2016 regulations.Directors & Shareholders Details (at least one director and one shareholder, who can be the same person).Registered Office AddressDeclaration by DirectorStatement of ComplianceStep 3: Submit Incorporation Application.Step 4: Receive Certificate of IncorporationApproved, Certificate of Incorporation will be issued.Certificate of Incorporation (Section 17).This certificate is proof that your Sdn. Bhd. is legally registered.Step 5: Open a Corporate Bank AccountPrepare necessary documents:Certificate of Incorporation (Section 17)Company profileBoard Resolution for bank account openingIdentity documents of directorsChoose a bank and complete the application.Timeline & Estimated CostsProcessTimeframFeesName reservation and Documentation3 working daysRM 1000Company registration10 working daysRM 5000 Bank account setupVaries depending on the bank Other licenses (if required) Company Business / Office (if required)2- 30 days (depending on the size)From RM. 500+Business website (if required)7-14 daysFrom RM 750+ 14 Likes