Can a 100% foreign-owned company open a Malaysian bank account?
Yes — foreign ownership is not a bar, but expect enhanced due diligence: full KYC up the chain to real individuals, evidence the business is genuine, sometimes higher initial deposits, and often a director present in person or by video verification. Preparation is what shortens the longer timeline.
Also asked as: foreign owned company bank account; no local director bank account; foreigner company banking malaysia.
Our bank-account-opening service manages the file end to end for foreign-owned clients — it exists because this is the step where remote founders most often stall.
Key facts
- Enhanced KYC on ownership chain
- Business-substance evidence expected
- Presence/video verification common
Call +60 10-383 5988 (a licensed secretary replies within one working hour (Mon–Fri 8:30am–5:30pm MYT; outside hours, first thing next working day)) or walk in at J-3A-15, Solaris Mont Kiara.