Formation of Limited Liability Partnership (LLP) in Malaysia
We assist and support you in meeting the statutory requirements with the Companies Commission of Malaysia (SSM) to register your LLP. Whether you’re a startup or a professional partnership, we ensure a smooth and compliant setup so you can focus on growing your business with the benefits of limited liability and operational flexibility.
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, coverage for professional approvals if required (e.g., accountants, lawyers).
Official Registration Fee
- RM 500, payable online or at any SSM counter.
Certificate issuance
- We assist 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.
06
Transparent Pricing
Approximate service fees based on market averages:
| 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 |
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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 Packages
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