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.
An PLT, or Limited Liability Partnership, offers a flexible and efficient business structure for professionals in Malaysia. By registering an PLT, you can:
Protect Your Personal Assets: Enjoy limited liability, shielding your personal assets from business debts.
Streamline Operations: Benefit from a simplified registration process and flexible management structure.
Enhance Professional Credibility: Establish your business as a reputable entity.
At Quantum BPO, we offer end-to-end services to support your PLT journey—from the initial setup to compliance and, if necessary, dissolution.
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.
Need assistance? Contact us today! Our team of experts is ready to answer your questions.
