How to Close down LLP in Malaysia

VOLUNTARY WINDING UP OF LLP

There are different ways to close down a LLP in Malaysia, depending on the circumstances and reasons. The most common way is to apply for voluntary winding-up, which means that the LLP has ceased operations and discharged its debts and liabilities. To do this, you need to:

Send a notice to all partners via registered post notifying the intention to close down the LLP.

Publish a notice in one widely circulated Malaysian newspaper in Bahasa and one in English to the effect that the applicant proposes to apply to the registrar for a declaration of dissolution of the LLP.

Obtain closure confirmation from EPF/Perkeso/LHDN.

Submit the final tax return to LHDN and obtain a written notice from the Inland Revenue Board that there is no objection to the dissolution of the LLP.

Submit an application for declaration of dissolution of LLP to the Registrar of LLPs with the required documents and fees.