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Benefits of opening an account in this jurisdiction:
All new companies have an opportunity to open a corporate account in Malaysia in accordance with the policies and requirements of the respective bank specified in the application for opening a bank account.
If you are interested in setting up a business in Malaysia, IQ Decision specialists will provide you with qualified individual advice on Malaysian bank account opening process.
Typically, opening an account for a company in Malaysia requires the following:
Also, in order to open a corporate account with a Malaysian bank, you will need to provide certified copies of these documents:
However, a lot of banks in Malaysia does not allow a non-resident director (without a valid work permit or business visa) to be an authorized signatory when signing a company check or an authorized person when maintaining an account of the company.
If you are intended to open a Malaysian company account, keep in mind that all local banks must abide by strict laws and regulations.
If you are interested in opening a corporate account in Malaysia, then you must know that this country takes the AML policies, combating the financing of terrorism and other illegal operations very seriously.
When opening an account with a Malaysian bank, please note that corporate banking in Malaysia includes a wide range of traditional products and services for businessmen, including:
Those, who want to open an account for a Malaysian company, must know that banks provide medium-term and long-term loans for investment and long-term financing for specific projects in various business sectors.
You have an opportunity to open an account in MayBank, UOB, RHB Bank, Standard Chartered Bank and other reliable banking institutions.
When planning to run a business in Malaysia, it is worth to carry out additional preparations.
We recommend that you ask for personal advice on opening a bank account in Malaysia from IQ Decision specialists. Our lawyers will help you to prepare the necessary package of documents and provide with legal support services in Malaysian bank account opening process.
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The information outlined in the article is actual at the time of its publication.
Please refer to our specialists for checking possible solutions for your business.
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