Company Incorporation (LLP)

HC Incorp Standard Client Due Diligence (CDD) Individual, Company & ROS.pdf 15022024

1. Work Steps to incorp a LLP:

1. You may propose to me the company name that you need: 1st choice and 2nd choice SSM Guidelines on Company Names 06122022.pdf;
2. Directors’ HC Incorp Standard Client Due Diligence (CDD) Individual, Company & ROS.pdf 15022024  Identification Card (front and back);
3. Directors’ & email address and contact;
4. Appointment of Compliance Officer;
5. Company’s activities;
6. Company ‘s business address if any;
7. Directors shareholding;
8. Incorporation Fees of RM 2,000.00;
9. Submission to SSM;
10. Awaiting approval in 3 working days.

= Done

= Pending

2. What we include in LLP’s incorporating package?

1. Incorporating a LLP;
   LLP Compliance Reading 30012021.pdf
2. Registration of LHDN’s Tax File;
3. LLP Basic Partnership Agreement with LHDN Stamp Duty Paid;
4. Stamp Duty of RM 10.00 per agreement;
5. Company Chop;
6. LLP’s compliance & Compliance Officer checklist;
7. LLP’s Certificate;
8. Opening of bank UOB current accounts;
9. HC Tax Submission Task List.form

3. Primary Features of LLP:

1. The LLP is a body corporate and has the legal personality separate from the partners (separate legal entity) SSM Akta PLT (APLT) 2012.pdf;
2. LLP is a perpetual succession;
3. Any partnership in the partnership will not affect the existence, right or liberty of the LLP;
4. LLP has unlimited capability and is capable of suing and be sued for it, acquire, owning, holding and develop or dispose of property;
5. LLP may do and suffer such other acts and things as bodies corporate may lawfully do and suffer.

4. Registration of LLP:

1. By minimum two (2) persons (in whole or in part, an individual or a body corporate either Malaysian or Non Malaysian but Compliance Officer must be a Malaysian);
2. For any lawful business for the purpose of making a profit; and
3. In accordance with the terms of the LLP agreement;
4. LLP Registration Guideline : LHDN LLP Tax & Requirements.

5. Who can register?

1. Professionals;
2. Small and medium business;
3. Joint Venture;
4. Venture Capital (Venture Capital).

6. Compliance Officer (CO)

1. Registration of LLP is made by the Compliance Officer appointed by LLP;
2. One of his partners or a person qualified to act as Compliance Officer under the LLP Act 2012 ;
3. At least 18 years old and Malaysian citizen/permanent resident; and
4. Residing in Malaysia;
5. Ensuring all compliance been updated, tax submission and Annual Declaration (RM 300.00) to SSM;
6. Compliance Officer can appoint and delegate the compliance works to HC upon agreed by the Directors.

7. LLP’s registered office function

1. Accounting records;
2. Annual Declaration;
3. Notice of Registration;
4. Lodged documents with the Registrar;
5. The LLP partners agreement;
6. Instruments charge to LLP.

8. Perkongsian Liabiliti Terhad PLT (LLP)’s BUMIPUTERA Status Application:

The documents needed:

1. LLP’s registration certificate;
2. Latest 1 month bank statement;
3. Owner’s I.C. (Bumiputera);
4. Latest EPF statement with proof of payment;
5. LHDN’s stamp duty paid tenancy agreement.

Remark:

a. For Compliance Officer in assuring compliance’s further reading:

LLP Compliance Act & Requirements 09042021.pdf