A company can open its bank account once the incorporation process is completed, and all required documents are certified by the company secretary. Here's the typical process:
Complete Company Incorporation: The company must be successfully incorporated with the Companies Commission of Malaysia (SSM), and a Certificate of Incorporation must be issued.
Prepare Necessary Documents: Certified true copies of company incorporation documents
A company resolution authorizing the opening of the bank account and signatories.
Directors' and shareholders' identification documents.
Proof of business address.
Arrange a Meeting with the Bank: The company secretary will arrange a meeting with the bank to facilitate the account opening.
Directors and authorized signatories may need to be present for the meeting.
Bank-Specific Requirements: Each bank may have its specific requirements, such as a minimum deposit or additional forms to be completed.
We recommend scheduling the bank appointment soon after incorporation to ensure the smooth progression of your business operations.
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