Formation of Limited Liability Partnership (LLP) in Malaysia

We help entrepreneurs and professional partnerships register their LLP with Suruhanjaya Syarikat Malaysia (SSM), compliance and a smooth setup that offers limited liability, flexibility, and peace of mind to focus on growth.
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Understanding LLP (Limited Liability Partnership)

An LLP in Malaysia is a hybrid business structure that combines the flexibility of a conventional partnership with the benefits of limited liability. Governed under the Limited Liability Partnerships Act 2012, it is suitable for professional groups like consultants, accountants, and startups.

An LLP is considered a separate legal entity from its partners, offering protection of personal assets while allowing flexibility in internal management. This structure is gaining popularity among entrepreneurs and professionals in Malaysia due to its low compliance requirements, operational flexibility, and liability protection for each partner.

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Why Form Your Business as an LLP

LLP is a smart choice for professionals and small business owners who want liability protection without the formalities of a private limited company. It allows for flexible profit-sharing arrangements, protects partners’ personal assets, and requires less stringent compliance compared to a Sdn Bhd.

With our experienced team, forming an LLP is simple and efficient. We handle everything from name search to final submission, ensuring a smooth process from start to finish so you remain fully compliant with Malaysian regulations.

Who Should Engage Us?

Our services are suitable for businesses at all stages of digital maturity:
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Professional service firms (e.g., accountants, lawyers, consultants)

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Small and medium-sized businesses seeking limited liability with simpler compliance

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Startups that need flexibility in internal management

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Partnerships upgrading from a traditional partnership structure

Why Partner with Great CFO

Explore the key advantages of partnering with Great CFO to drive your business growth and compliance success.
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End‑to‑End Support
From name approval to corporate bank account setup, we handle the entire LLP process for you
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SSM Compliance
Annual filing, SSM updates, and statutory obligations are all managed professionally
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Customized Advisory
Tax, accounting, cross-border structures, and licensing guidance tailored to your business
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Cross-Border Support
We experienced in serving foreign clients and navigating local requirements

Our Services for
Limited Liability Partnership (LLP / PLT)

01

LLP Incorporation & Registration

Name Reservation & Approval

We handle your business name checks and submission to SSM (MyLLP portal), ensuring compliance with naming rules (e.g., “Perkongsian Liabiliti Terhad” or “PLT”)

Preparation of Registration Documents

Includes filling and filing with SSM and any professional approvals if required (e.g., accountants, lawyers).

Official Registration Fee

RM 500, payable online or at any SSM counter.

Certificate Issuance

Assistance in obtaining your Certificate of Registration and official Business Profile (RM 20/copy).

Timeline

Typically approved within 10–15 working days after SSM submission.

02

Compliance Officer & Registered Office

Compliance Officer Appointment

We provide a qualified resident officer to fulfill statutory requirements — a mandatory role for registration and ongoing compliance.

Registered Office Services

Includes a valid Malaysia business address, mail handling, and notification services. Optional add-ons: receptionist or virtual office support.

03

Annual Compliance & Post-Registration Support

Annual Declaration Filing

Submission of annual solvency declarations to SSM to maintain LLP compliance.

Maintenance of Statutory Records

Includes partner registers, compliance officer records, accounting books, and annual declarations — retained for at least 7 years.

Change Notifications

Timely updates to SSM (within 14 days) for changes such as partner additions/removals, address changes, etc.

Professional Advisory Services

Expert guidance in LLP compliance, accounting, tax planning, and corporate secretarial support.

04

Licensing, Bank Account & Corporate Setup

Corporate Bank Account Opening

Support in preparing documents (e.g., board resolutions) and coordinating with banks for due diligence and setup.

Business Licensing

Guidance for industry-specific licenses or permits. Tailored quotes based on your business type.

Post-Registration Setup

Assistance with operational needs such as opening bank accounts, leasing offices, and setting up telecoms.

05

LLP Conversion & Winding-Up

Conversion Services

Convert existing traditional partnerships or Sdn Bhd entities into LLPs, including settlement of legal and financial matters.

Voluntary Winding-Up & Strike-Off

Guidance and filing support for dormant LLPs — including SSM and LHDN clearances as needed.

Strengthen Your Business with Proven Expertise

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Frequently Asked Questions

What is an LLP (Limited Liability Partnership)?

An LLP is a hybrid business structure combining the flexibility of a partnership with the limited liability of a company. It is governed under the Limited Liability Partnerships Act 2012 in Malaysia and is ideal for small businesses, professional firms, and joint ventures.

Who can set up an LLP in Malaysia?

  • Malaysian citizens and permanent residents.
  • Foreigners with a local resident partner and compliance officer.
  • Professionals like accountants, lawyers, consultants, and SMEs.
  • Startups looking for flexible ownership and profit-sharing without full corporate formalities.

What are the advantages of registering an LLP?

  • Limited liability for partners — personal assets are protected.
  • Flexible internal management and profit-sharing.
  • Fewer compliance and filing requirements than Sdn Bhd.
  • No mandatory audit (unless required by partners).
  • Perpetual succession — not affected by partner changes.
  • Suitable for professionals (law firms, accounting firms, consultancies).

What are the basic requirements to register an LLP?

  • Minimum 2 partners (individuals or companies).
  • At least 1 compliance officer who is a Malaysian citizen or permanent resident.
  • Registered business address in Malaysia.
  • Payment of registration fee (currently RM500).

Can foreigners be partners in an LLP?

Yes, foreign individuals or companies can be partners, but the LLP must have at least one compliance officer who is a Malaysian citizen or permanent resident.

How long does it take to register an LLP?

Typically, it takes 5–10 working days after submission of all required documents, subject to SSM approval.

What are the annual compliance requirements?

  • File an Annual Declaration of Solvency or Insolvency with SSM.
  • Maintain proper accounting and statutory records.
  • Notify SSM of any changes (partners, address, compliance officer) within 14 days.

Do LLPs need to appoint auditors or submit audited accounts?

No, LLPs are generally exempt from audit unless required by the partners under the partnership agreement.

Can an existing enterprise or Sdn Bhd convert to LLP?

Yes, both can be converted to an LLP with proper filings, subject to meeting legal requirements and settling liabilities.

Can an LLP open a business bank account?

Yes, an LLP can open corporate bank accounts. We assist in preparing the required documents, resolutions, and supporting paperwork.

Can an LLP apply for business licenses and permits?

Yes, LLPs can apply for licenses, but requirements vary by business type and industry. We can advise you on specific licensing needs.

What is the difference between LLP and Sdn Bhd?

Feature LLP Sdn Bhd
Legal entity Separate legal entity Separate legal entity
Ownership Partners Shareholders
Management Partners Directors & shareholders
Compliance Annual declaration; no audit required Annual audit, AGM, tax filing, secretarial
Suitable for Professionals, SMEs, joint ventures Growing businesses, fundraising, larger operations

How do I close or strike off an LLP?

An LLP can be voluntarily wound up or struck off if it is no longer operating. This involves settling liabilities, notifying partners, and filing with SSM. We offer full assistance for this process.

What are your service fees for LLP setup and compliance?

We offer competitive packages:

  • Incorporation package: RM1,500–2,000 (including RM500 govt fee)
  • Registered office & compliance officer (per year): RM700–1,000
  • Annual compliance filing: RM400–700/year
  • Optional services (bank account, conversion, winding-up): Quoted upon request.

Why should I choose your firm to handle my LLP?

  • We provide end-to-end support, from name reservation to bank account opening.
  • We ensure full SSM compliance with timely annual filings.
  • We offer customized advisory for tax, accounting, and licensing needs.
  • We are experienced in serving foreign clients and navigating local requirements.

LLP Cost & Pricing

Service
Estimate
Incorporation (name check, registration docs, filing) RM 1,500–2,000 (includes govt fee RM 500)
Registered office & compliance officer (1 year) RM 700–1,000 (plus mail handling)
Annual compliance package (declaration + updates) RM 400–700/yr
Conversion / winding up services RM 1,000+ depending on complexity

Enquiry Now

Switching to us is simple and hassle-free. Once you’re ready, we handle everything by coordinating directly with your current provider to ensure a seamless transition.