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Nominee Director
Category: Corporate Governance
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01 Nationality
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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):-
- A director shall be a natural person who is at least 18 years of age.
- A director shall not an undischarged bankrupt.
- A Director has not been convicted whether within or outside Malaysia of any offence:
- in connection with the promotion, formation, or management of a corporation.
- involving fraud or dishonesty punishable on conviction with imprisonment for three months of more; or
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
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
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