The logistics industry is a developed field in Malaysia and businessmen who want to invest in this country can start a truck company. Those who are interested in the procedure of company formation in Malaysia should know that truck companies must be registered following the regulations applicable for other types of commercial activities. Our team of company formation representatives in Malaysia can offer assistance on the registration requirements.
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The company registration in Malaysia starts by deciding on the legal entity under which the company will carry its operations. The main institution which handles the registration procedure is the Companies Commission of Malaysia, where the investors can register the company’s trading name.
Trading names in Malaysia can be registered under one of the following options:
• personal name;
• trade name, which must receive approval from the Registrar of Companies.
Further on, investors who want to start a truck company in Malaysia are required to complete the Business Registration Form, in which they will provide relevant information on the new company, such as:
• the business name;
• the date on which the company will start its operations;
• the main location in which the activities will be carried out;
• the address of the branch office (if applicable);
• information related to the company’s founders;
• the main activity of the company.
Our team of specialists in company formation in Malaysia can offer more advice on the matter, as well as on the registration fees imposed by the registration institution.
At the same time, it is important to know that all companies in Malaysia are required to register for taxation purposes.
Our CPA in Malaysia can offer you the services you need for your company registered in this country. You can benefit from payroll, respectively the services of calculating and distributing salaries, bookkeeping for recording financial transactions, audits for the financial evaluation of the company, and support for tax registration. Our suggestion is to outsource these services in exchange for setting up an accounting department to benefit from advantageous costs.
When opening a truck company in Malaysia, the investors are advised to choose a business field that can provide relevant business opportunities. Those who want to open a company in Malaysia should take into consideration the type of products they will transport, the licenses required for this field, and the insurance matters.
Investors can also decide if they want to perform such activities on a short or long distance in Malaysia.
Businessmen who are interested in opening a truck company are invited to contact our team of consultants in company registration in Malaysia.
