
A nominee director can be appointed on behalf of an interested party. He/she acts as company director but in a passive role.
A nominee shareholder holds the legal title to the shares in a company on behalf of the beneficiary owner. He/she has no claim over the shares but his/her credentials appear for official registration purposes.
A check carried out by a notary and a certification granted by the government (where your company shall be based) that your documents are authentic. Mandatory if you are opening an offshore bank account
If you have opted for a Nominee Director, a Power of Attorney may be appointed to take decisions on behalf of the company
TIN is a unique identifier assigned to an offshore company, and is recommended if the company is not paying tax in another jurisdiction
Understanding the cost of starting a business in Malaysia is vital because it helps prevent your business from failing before it even starts. By knowing the full price tag upfront, you can avoid legal fines and ensure you have enough cash to keep the company compliant and operational during its first year.
Labuan is a mid-shore jurisdiction often used for international trade and fintech. A standard formation package typically covers government registration, registered office, annual license fee, and so on.
No. In Malaysia, the renewal process and the costs of setting up a business are structured differently. To get additional information on renewal and company setup costs, contact a business advisor.
Yes, you will typically need to pay additional charges if you want a physical copy of your company documents in Malaysia.
You may choose to open an offshore company and bank account in a jurisdiction of your choice. However, you have no obligation to select a bank from the abovementioned list and may opt for another bank of your choice. BSW is not proposing any banking services; we are proposing an introduction service that includes preparing the application form and business plan and submitting both files to the bank. Accepting the same is at the sole discretion of the bank authorities.
Bank account opening applications are subject to mandatory due diligence by the bank and clauses under national and international (FATF) standards, mainly to prevent money laundering. The content on this page must not be interpreted as a proposition to waive any due diligence or adherence to standards.