Differences between Shelf Company And New Company Registration
There are few differences between shelf company and new company registration in Malaysia.
The key factor separated the two is the time to start business!
We list down below the major differences between the two types of companies for your easier comparison:
|
New Company Registration |
Shelf company |
|
| When to start business |
12 days |
24 hours |
| History |
Totally new |
Almost new |
| Price for company |
RM1,460 |
RM2,300 |
| Change of name | No need as the Company has been registered at your choice of company’s name. | No, the names of all shelf companies are quite popular at the time of registration.
Yes, new management will decide whether it is necessary to change its name for branding & marketing purposes.
|
| Object clause | No need as the Company has been registered at your choice of business activities. | Most shelf companies have been registered with the following functions:
1. Trading
|
It is very important to know the differences between shelf company and new company registration before making any informed decision in taking up any company packages.
