HOW TO REGISTER A COMPANY IN MALAYSIA
Register a new company in Malaysia has never been so easy nowaday.
Visit to the nearest SSM office and get your company registered within 1 hour! Thanks to the usage of technologies & upgrade of compater systems by SSM Malaysia in the company registration process.
To start your business in Malaysia, you need to register your new company with SSM Malaysia. The following are the 3 forms of business entities you can choose from:
1. Sole Proprietor (or commonly known as
Enterprise/Trading Co)
2. Partnership
3. Sdn Bhd (Private Limited Company)
Before you make up any decision which form of companies are most suitable for your business, it is important for you to understand what are the costs of having these companies and what are the benefits if you are having any one of them.
This page is to illustrate how to register company in Malaysia for Sole Proprietor or Partnership.
To register Sdn Bhd, click here: Registration of Sdn Bhd
See what are the differences between Sdn Bhd and Sole Proprietor / Partnership.
What do I need to do to register Enterprise or Partnership?
- Decide your company's name & business activity
- Get ready a photocopy of your I/C
- Cash (RM120 - RM150)
- Bring all the above to the nearest SSM office
You must be a Malaysian Citizen or a Permanent Resident. Foreigners are not allowed to register sole proprietorship
or partnership
Visit the business registration counter at any SSM office & follow the application procedures, within one or two hours, you can start your business immediately!
Click here to
see
SSM offices in Malaysia!
What are the disadvantages of sole proprietorship / partnership?
- Unlimited liabilities -
You will have to personally liable and responsible for all the debts of
your business.
- Sole proprietorship will most likely be ceased or closed down immediately once the
owner passed away.
- The acts by a partner within the partnership are
responsibility of all other partners.
If any business decision from any partner has caused huge losses to the business, all partners are jointly responsible for the losses.
How to choose a name for your business ?
You can either use your own name as stated in your Identity Card
(e.g. Ali Bin Sulaiman or Lee Kim Lim or LKL Trading) or a trade
name (e.g. Baba Nasi Enterprise or Yummy Chicken Restaurant) for your business /
partnership.
Can NBC Group help to register Sole Proprietor or Partnership?
All management firms are not allowed to register Sole Proprietor
/ Partnership on behalf for owners/partners. The owners /
partners are required to personally visit SSM offices to register
their companies / change business details / close their
companies.
Do it
yourself & it costs less than RM100 only,
see all
SSM offices in Malaysia!
To register Sdn Bhd, click here: Registration of Sdn Bhd
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