Foreign partner in a Malaysian LLP
My partner lives in Dubai. Can he be an LLP partner?
The situation
A foreign individual or company can be a partner, but the compliance officer must ordinarily reside in Malaysia.
The law
- Limited Liability Partnerships Act 2012: Registration of LLPs and annual declaration of solvency within 90 days after financial year end
What it means for you
Foreign partners provide identity documents and addresses. Some professional LLPs have rules on who can be a partner set by their professional body. Check those before you register.
What to do
- Collect the foreign partner's passport and address.
- Appoint a resident compliance officer.
- Check professional body rules.
- Register on MyLLP.
We can do this for youRegister an LLP and file the annual declaration: MYR 900