7 Easy Steps to Register Your Sdn. Bhd. Company with SSM Malaysia

However, companies need to remember that the rules for registering a company in Malaysia can change often. So, it's really important to keep up with these changes to follow the law correctly. One good way to do this is by hiring a Company Secretary. They can help you register your company and ensure you follow all the rules properly.

Here are the 5 simple steps you need to follow to register your Sdn. Bhd. company with the Companies Commission of Malaysia (SSM). You can do this on your own, but it's better to get help from a Company Secretary, as we'll explain.

Step 1: Meet the Eligibility Criteria

Make sure you qualify to register your company in Malaysia by meeting the necessary requirements. To register, you need at least one director and one shareholder. According to the Companies Act of 2016, a person can be both a director and a shareholder. Additionally, the director must be:

• At least 18 years old

• A resident of Malaysia

• Not disqualified under Section 198 of the Companies Act 2016.

Understand the responsibilities of directors and shareholders in a Malaysian company to ensure the right people are assigned to these roles.

Step 2: Gather Information and Documents

Before starting the company registration process in Malaysia, gather all the required information and documents. This includes:

• Proposed company name

• Description of the business

• Business address

• Detailed information about directors and shareholders

Additionally, ensure you have the following documents:

• IC for identity verification.

• If the chosen company name is already registered, you'll need an authorization letter.

   

Step 3: Payment

To proceed with company incorporation with SSM, you need to pay RM1,010 as the incorporation fee, which includes taxes. If you hire professional Secretarial services in Malaysia to handle the incorporation process, additional service fees may apply. With the assistance of a Company Secretary, your incorporation application will be carefully managed to minimize errors and maximize the likelihood of approval.

Step 4: Incorporation via MyCoID Portal

You can initiate the company incorporation process independently using the MyCoID portal, provided by the SSM. This intuitive system streamlines the company registration procedure in Malaysia. Initially, you'll need to create an account on the portal.

Step 5: Account Activation

After signing up on the MyCoID portal, you'll receive an email to confirm your account. Then, go to an SSM counter to confirm your registration. Once it's verified, you'll get your login details via email.

Step 6: Company Name Search

Next, you need to select a special name for your company that shows your brand and follows the rules. Use the MyCoID portal to check if your chosen name is available.

Step 7: Input Information

In the last step of registering a company in Malaysia, follow these steps:

• Fill in the final form with your chosen company name, including any relevant trademark or authorization letter.

• Choose the business code that matches your business type and describe it, along with providing the registered business address.

• Input the necessary details about company directors and shareholders collected earlier.

• Review the entire application carefully to make sure there are no mistakes.

• Apply along with the RM1,010 incorporation fee.

In a Nutshell

Following the approval process by the SSM, you'll receive a Notice of Registration within 1 or 2 days confirming your company's approval. In case your application is declined or if you encounter any difficulties during company registration, you can rely on professional accounting services in Malaysia to assist you through the incorporation process. For further details, don't hesitate to reach out to us.

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