This is an alternative business vehicle – formed by professionals such as Lawyers, Chartered Accountants, and Company Secretaries – regulated under the Limited Liability Partnerships Act 2012.
A PLT, or Limited Liability Partnership, is an alternative business vehicle formed by professionals such as lawyers, chartered accountants, and company secretaries. It is regulated under the Limited Liability Partnerships Act 2012 and offers a flexible and efficient business structure for professionals in Malaysia. By registering a PLT, you can protect your personal assets through limited liability, streamline operations with a simplified registration and management process, and enhance professional credibility by operating as a legally recognized entity.
Quantum BPO provides end-to-end PLT services in Malaysia — from name reservation and registration to annual compliance, renewal, and even dissolution when needed. We ensure your partnership meets all SSM and tax regulations without hassle.
Annual Declaration to Suruhanjaya Syarikat Malaysia (SSM) for PLT
*Annual Declaration to SSM is included if you are subscribed to our annual PLT services
*Any procedure not on this list, please get in touch with out team for further references
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Yes, foreign individuals or companies can set up a PLT in Malaysia. However, there are certain conditions: at least one compliance officer, typically a partner or manager, must reside in Malaysia, some sectors may require additional permissions from regulatory bodies, and lastly foreigners should ensure compliance with local laws, including those related to foreign ownership and investment.
Contributing capital to the business as agreed in the partnership term, collaborating on major decisions affecting the PLT’s operations, ensuring the PLT meets regulatory requirements, such as submitting annual returns, and each partner’s liability is limited to their agreed contribution, protecting personal assets.
Yes, existing businesses such as conventional partnerships or sole proprietorships can convert into a PLT.
Once incorporated, a PLT is subject to various ongoing compliance requirements, including Annual General Meeting (AGM), filing of annual returns, payment of annual fees, tax filings and payments, and maintaining statutory records.
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