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CASH PAID UP CAPITAL

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asked on Dec 12, 2013 at 01:49
by   Benc
I Live in Australia and Planning to start Small Business in Malaysia and I did googled lawyers in Malaysia for Business and i did got answer from one ....

[[[[[[[[[[[[[[(Malaysian Lawyer Says) may assist you to incorporate a company with 1 Million CASH PAID UP CAPITAL which is ideal for any lawful business. If you DO NOT bring your own cash (1 Million) and want us to show this huge sum of amount as paid up capital then our charges will be RM12600 for registration of 1 Million PAID UP capital company.

This process can be completed in only 5-10 working days]]]]]]]]]]]]]]

I want to focus on this statement
{our charges will be RM12600 for registration of 1 Million PAID UP capital company.}

Registration a 1 Million PAID UP capital company in mentioned amount (is it right? Legal? etc.)

Thank You
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1 Answers

answered on Dec 13, 2013 at 14:12
by   notalawyer
You don't need a lawyer to set up a private limited company. ( whatever the paid up capital )
Usually you use the services of an Accounting Firm to help set up a company which will cost around
RM 5,000 or less.
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