There are three (3) types of business entities that can be registered in Malaysia:
Professional consulting practitioners (professional entities) have the option of registering its entity with the Professional Body only or incorporate as a Company or PLT. For professional entities who wish to register under LLP, the entity has the option to either register as a new LLP or by conversion.
However, a professional entity may not be registered as an Enterprise (Sole Proprietor / Partnership) as it is subject to Section 4 (D) of the Business Registration Act 1956. The professional entities are stated in the Schedule:
|Engineer||Board of Engineers Malaysia||Section 7 (A) and 7 (A)(1) Registration of Engineers Act 1967 (Act 138)|
|Quantity Surveyor||Board of Quantity Surveyors Malaysia||Section 5 (B) Quantity Surveyors Act 1967 (Act 487)|
|Land Surveyor||Board of Land Surveyors Malaysia||Rule 8 (2) Licensed Land Surveyors Regulations 2011|
|Architect||Board of Architects Malaysia||Section 7 (A) (1) Architects Act 1967 (Act 117)|
|Accountant||Malaysian Institute of Accountants||Item 500.9 (1) (A) By-Laws (on Professional, Ethics, Conduct and Practice) of MIA|
|Valuers, Appraisers and Estate Agents||The Board of Valuers, Appraisers, Estate Agents and Property Managers Malaysia||Section 23 Valuers, Appraisers, Estate Agents and Property Managers Act 1981 (Act 242)|
Other Registration Bodies such as medical practitioners and dental practitioners may register at the Private Medical Practice Control Branch, Medical Practice Division, Ministry of Health Malaysia and also have the option to incorporate as a Company or PLT.
While for legal consultation practice, lawyers who are registered with the Malaysian Bar Council also have the option to be incorporated as a Company.
For a co-operative that wants to operate a business needs to first register the establishment with the Cooperative Commission of Malaysia.