Malaysia News,SSM & Company Registration 12 July 2011

SSM to add 48,000 new companies in 2011

Suruhanjaya Syarikat Malaysia (SSM) targets to incorporate 48,000 new companies in 2011, compared to 44,000 companies established in 2010. It is about 4,000 new companies being set up every month nationwide in Malaysia. 

Chief Executive Officer Datuk Azmi Ariffin said as of end-May, 18,825 local companies and 20 foreign companies were incorporated.

Azmi said with SSM signing a strategic partnership agreement with Telekom Malaysia Bhd (TM) and Bank Simpanan Malaysia (BSN) , the way was paved for more businesses to be established in Malaysia.

“Via the cooperation with BSN and Telekom, we expect about 4,000 new companies to be incorporated,” he told reporters here today after the signing of partnership agreements witnessed by Domestic Trade, Cooperatives and Consumerism Minister Datuk Seri Ismail Sabri Yaakob.

To date, 950,000 companies have been incorporated while 4.5 million business registrations have been recorded. As of end 2009, there were 883,000 companies incorporated and 4.1 million business registered.

Click here to view the overall total number of companies incorporated and businesses registered for the past years in 2007, 2008 and 2009.

The one-year strategic partnership will make it easy for the public to incorporate new companies and register businesses while enjoy special offers under the “Office in A Box” package which starts as low as RM198.

tm-office-in-a-boxClick here to view TM special offer “Office in A Box” webpage for more information.

It offers voice service, data service, broadband Internet broadcast and value-added services all in one box.

Meanwhile, SSM also signed a three-year collaboration agreement with BSN where its 389 branches, nationwide, will act as agents for new business registrations.

Source: Business Times

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