Documents Required for Onboarding (Wallex Malaysia)

What documents do I need to prepare for onboarding in Malaysia?

As a Malaysia incorporated entity, here are the key documents you'll need:    

1. Identification Documents of Business Owner, Directors, Shareholders, Ultimate Beneficial Owner (UBO), Authorized Person 
   
   1. For Malaysians: Malaysian Identity Card (NRIC) 
   2. For non-Malaysians:  
      1. Passport (photo page) 
      2. Valid Malaysian Visa/ Work Permit or Permanent Residents Card (MyPR)
2. Proof of address (business address and residential address, e.g.: utility bill or bank statement) for the authorized person.
3. Certificate of Incorporation by Suruhanjaya Syarikat Malaysia (SSM). 
4. Form 24 or Section 51/78 – Allotment of Shares 
5. Form 49 or Section 58 - Return Giving Particulars in Register of Director, Managers & Secretaries, and Changes of Particulars 
6. Memorandum & Article Association or Section 14 – Application for company registration 
7. Letter of Authorization 
   
   

The documents needed and requested will also depend on where your business is incorporated, and which is the relevant to MDAQ Malaysia Sdn. Bhd. account opening. A Corporate Profile of the company as well as the identifying documents of the shareholders is usually the starting point.   

Please note that this list is not exhaustive. Additional documents may be requested depending on the nature of your business. Other relevant supporting documents may also be required upon request.

For any questions, please contact your Account Manager or reach out to us at wallexsupport.my@m-daq.com