Hassle-Free Business Registration Is The Way To Begin Business Operations
What comes to mind when someone asks about starting a business? Generally, people will say a business needs to be registered to operate legally. Seasoned entrepreneurs or at least for those who understand the process, they know the process can take up a lot of time and effort, so planning is critical. Malaysian business opportunities sometimes can throw you off guard, hence, requiring a company to be registered in a flash. AI Accountant Chai Chung Hoong offers the solution.
THE SHELL COMPANY
A shell company is a complete business company registration. It should not be confused with the Shell Oil Company. In Malaysia, a shell company is usually registered as an Sdn. Bhd. All companies, including shell companies are registered with the Companies Commission of Malaysia. A shell company generally consists of the following:
- Borang 9 ready
- Paid-up capital of RM2
- Locally registered address
- A locally appointed company secretary
- A nominee director serves as the current resident
- It should not have a bank account
Most shell companies are registered as General Trading, which enables new owners to do any types of business as long as it is legitimate. However, some other types of business may require licenses or permits from relevant government authorities. A shell company is never traded, remains dormant and has zero liability. After reading through the agreement, the buyer can instantly own the company after it is transferred to the new owner.
ADVANTAGEOUS OF SHELL COMPANIES
Shell companies, as the name suggests, are just registered companies without business operations. What makes it so exciting is that entrepreneurs buying shell companies can immediately start to do business or enter into a tender, contract or agreement without having to wait. Shell companies also have no liabilities.
HOW TO GET ONE
The process of obtaining a shell company is easy if you have the expert consultant AI Accountant Chai Chung Hoong who is here to help you do the following:
- Provide a photocopy of your Malaysian identity card
- Choose from our lists of shell company for sale that suits your business operations
- Signatures of the new directors and shareholders
- Make your payment to have it transferred to you and voila!
With AI Accountant Chai Chung Hoong’s help, you will be the brand new owner of a shell company in no time.
Shell company is an excellent way if you want to start business operations immediately. It is also a dormant company with no liability or transactions. By paying a little more, buying a shell company for sale saves you plenty of time and effort. If you still could not believe your eyes that such a company exist, contact Account Manager Chai Chung Hoong of AI Accountant. He is an expert in any company incorporation and will advise you accordingly.