Nominee Director

Nominee Director

分类: Corporate Governance 当前有货
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According to the Section 196(4) of the Companies Act 2016, there should be at least ONE director must ordinarily reside in Malaysia, by having a principal place of residence in Malaysia. Other requirements are as below (to be fulfil by all directors):-
Under section 213, 217, 218, 228 or 539, within a period of five years preceding the date of this declaration.

In a lot of cases, foreigner who wish to set up a company in Malaysia, they will face difficulties to fulfil the “residential address” requirement above. So, it is advisable they engage a Nominee Director to fulfil the requirement. 

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