Setting Up a Company

Types of Companies and Capital (Max/Min)	Number of Partners/Shareholders and Liability
Private Berhad is a Private Limited Company. Minimum two ordinary shares of MYR 1 each	Minimum: 2 Maximum: 50 Liability is limited to the nominal value of the subscribed shares.
Public Berhad is a Public Limited Company. Minimum two ordinary shares of MYR 1 each	Minimum: 2 Maximum: No limit Liability is limited to the nominal value of subscribed shares.
General Partnership No minimum	Maximum 2 to 20 partners. Partners' liability is joint and several.

The Competent Organization: The Companies Commission of Malaysia (SSM) has the power, as the representative of the Ministry of Domestic Trade and Consumer Affairs, to register, form and strike off Malaysian companies and enterprises. Its main functions are administration and implementation of the applicable laws, registering of companies and enterprises, keeping official company and enterprise dossiers, and making company directors aware of ethical rules. The SSM is also a watchdog organization.

Source: Doing Business.

Business Setup Procedures: Consult Doing Business Website, to know about procedures to start a Business in Malaysia.
Companies Commission of Malaysia

Working Conditions

Legal Weekly Duration: 48 hours a week.
Retirement Age: There is no legal age for retirement in the private sector even if the EPF (Employment Provident Fund) considers people are eligible from 55 for men and 50 for women.
Working Contracts: Called "Contract of Service" or "Contract of Employment", the contract is deemed to exist as soon as the employee starts to work. There are fixed-term contracts and open-ended contracts.

Minimum Wage: No legally mandated national minimum wage
Average Wage: USD 5,751 per year (women)
USD 15,861 per year (men)
Social contributions: Social Security Contributions Paid By Employers: 1.5 %.
Social Security Contributions Paid By Employees: 0.5 %.

Social Dialogue and Involvement of Social Partners: There are two national organizations: the Malaysian Trade Union Corporation (MTUC) and the Congress of Unions of Employees in the Public and Civil Service (CUEPACS).
Unions: National Union of Journalists Malaysia
Unionization Rate: 9.5% of workers are unionized.
Labor Regulation Bodies: Ministry of Human Resources

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