Why Register a Non-Profit Organisation in Malaysia
There are many reasons why you might want to register a non-profit organization in Malaysia. Here are a few of the most common reasons:
To gain tax exemption status. Non-profit organizations that are registered with the relevant authorities are eligible for tax exemption status. This means that they will not have to pay corporate tax on their income.
To obtain legal recognition. Registering your organization gives it legal recognition, which means that it can enter into contracts, own property, and sue or be sued.
To raise funds more easily. When you are registered as a non-profit organization, you will be able to apply for grants and donations from government agencies, corporations, and individuals.
To build credibility and trust. Registering your organization shows that you are committed to your cause and that you are following the proper procedures. This can help you to build credibility and trust with donors and other stakeholders.
To access government grants and contracts. Many government agencies offer grants and contracts to non-profit organizations. Registering your organization will make you eligible for these opportunities.
To create a lasting legacy. Registering your organization will help you to ensure that your work continues even after you are gone.
If you are considering starting a non-profit organization in Malaysia, you are encouraged to do your research and understand the benefits of registration. Registration can provide your organization with many advantages, and it can help you to achieve your goals.
Here are some additional resources that you may find helpful:
Registering a Non-Profit Organisation in Malaysia
Here are the steps on how to register a non-profit organization in Malaysia:
Choose a name for your organization. The name must be unique and not already in use by another organization. You can check the availability of a name on the Registry of Societies (ROS) website.
Draft the constitution of your organization. The constitution will set out the organization's purpose, objectives, membership, management structure, and other important details.
Hold a meeting of the founding members. The meeting must be attended by at least 7 people who will be the initial members of the organization. The meeting will need to approve the constitution and elect the first set of officers.
File the registration application with ROS. The registration application can be filed online or in person at a ROS office. The application fee is RM100.
Obtain a tax exemption certificate from LHDN. Once your organization is registered with ROS, you can apply for a tax exemption certificate from LHDN. The tax exemption certificate will allow your organization to enjoy tax benefits, such as exemption from corporate tax and income tax on donations.
Here are the two bodies that regulate non-profit organizations in Malaysia:
Registry of Societies (ROS) - regulates non-profit organizations established under the Societies Act 1966.
Companies Commission of Malaysia (CCM) - regulates non-profit organizations incorporated under the Companies Act 1965.
The registration process for non-profit organizations under ROS is simpler than the process for non-profit organizations under CCM. However, non-profit organizations registered under CCM are subject to more stringent financial reporting and auditing requirements.
Why Engage Bestar to Register a Non-Profit Organisation in Malaysia
Bestar is a leading corporate services provider in Malaysia. They have a team of experienced professionals who can help you through the registration process for a non-profit organization. They can also provide you with ongoing support after your organization is registered.
Here are some of the reasons why you should engage Bestar to register a non-profit organization in Malaysia:
Experience: Bestar has a team of experienced professionals who have helped hundreds of organizations register with ROS and CCM. They know the process inside out and can help you to avoid any pitfalls.
Expertise: Bestar has a deep understanding of the Malaysian legal and regulatory environment. They can help you to ensure that your organization is compliant with all the relevant laws and regulations.
Convenience: Bestar can handle the entire registration process for you, from start to finish. This can save you a lot of time and hassle.
Peace of mind: Knowing that your organization is registered with ROS or CCM can give you peace of mind. This is especially important if you are applying for grants or donations from government agencies or corporations.
Here are some additional benefits of engaging Bestar to register a non-profit organization in Malaysia:
They can help you to choose the right structure for your organization. There are two main types of non-profit organizations in Malaysia: societies and companies. Bestar can help you to understand the differences between these two structures and choose the one that is right for your organization.
They can help you to draft the constitution for your organization. The constitution is the governing document for your organization. It sets out the organization's purpose, objectives, membership, management structure, and other important details. Bestar can help you to draft a constitution that is clear, concise, and compliant with the law.
They can help you to file the registration application with ROS or CCM. The registration application process can be complex and time-consuming. Bestar can help you to file the application correctly and avoid any delays.
They can provide you with ongoing support after your organization is registered. This includes providing advice on compliance, accounting, and taxation.
Connect with Us
If you are considering registering a non-profit organization in Malaysia, contact Bestar. We can help you to get started and ensure that your organization is registered correctly.