What Are Company Registration Numbers?
Ranked 22nd among the world’s major exporters, it is no wonder Malaysia is drawing major interest from international investors who are seeking to open a company in Malaysia. As one of the few countries in Asia that have seen an increase in its foreign investor numbers over the last few years, Malaysia is only slated to grow even more.
What Are Company Registration Numbers?
In Malaysia, company registration numbers are numbers that identify a company and this number will be printed on their certificate of incorporation. A company registration number is unique to the business it is registered to, and no two businesses will be in possession of the same number.
There are three types of companies in Malaysia – The Public Liability Company, the Limited Liability Company and the general partnership type of company. What these companies have in common are only one thing, and that is, as a legally registered business in Malaysia, they will each have their own Malaysia company registration number.
Registration of businesses can be done at the Companies Commission of Malaysia, known locally as the Suruhanjaya Syarikat Malaysia or SSM.
A Malaysia company registration number is a unique combination of numbers. This number is important to the business because it is what your company identity is going to be known by. The numbers also prove that your company has been legally registered and is in fact an incorporated entity so it reinforces the business’s reputation among the people.
Are Malaysia Company Registration Numbers Needed For Ecommerce Businesses?
Yes, they are. Even if the businesses is an e-commerce business, as long as your business is a registered legal entity, you will have a company registration number. For an online business, the company registration number will need to be incorporated into their website. This step is enforced by the Malaysia Consumer Protection Regulations 2012, so it is imperative that if you ensure your business does have a company registration number, even if you do not have a physical office space.
Are Company Registration Numbers the Same As Company Tax Numbers?
No, a company registration number and the company’s tax number are two different things. While your company registration number will be used to identify your business in all legal matters and business dealings, your company’s tax number is what is used when audits and income tax filings are done every year. The income tax numbers of companies are known as unique taxpayer references. It is not the same thing as a company registration number.
