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.
Any questions, you may refer to our
FAQ page