Why Need Company Search
Setting up a business in Malaysia or anywhere in the world requires a lot of hard work and research. From writing a business plan to the last stage of the company registration process, starting a new business is no walk in the park.
Before an investor can start on the company formation process, there is one thing that they are going to need to do first – research. If an investor wants to set up a company and be successful at it, they are going to need to know everything about the local market that they are setting up in, and this means everything down to the smallest detail.
Forming a company in Malaysia means an investor is going to need to research the local market, not just what the demands of the market are, but who the competitors are, the costs of establishing a business here, and even conduct a company search.
In Malaysia, the statutory body that regulates the companies and business is known as the Companies Commission of Malaysia, or the SSM, locally. And a company search Malaysia process is best done through the SSM.
Why Conduct a Company Search Malaysia?
A company that ensures continued success is one that is fully prepared. And that is why every potential investor or entrepreneur needs to conduct a company search in Malaysia before forming a company of their own.
Setting up a company without knowing who your competitors are, how much of the market they are dominating, what kind of services the company is offering, and whether the company is making a profit or not is just disaster waiting to happen. Going into a big decision like running a business without information on your side is a sure way for your business to fold.
Conducting proper research and finding out as much information as you can about the current companies who are also the potential competitors will help you as an entrepreneur make better decisions and work on improving your business plan and strategy for success before you begin to invest in your business idea. Remember that beginning a new business venture is a costly affair and it is imperative that you do everything you can to ensure success.
How to Conduct a Company Search Malaysia
Because all businesses in Malaysia go through the SSM, the SSM would be the best place to go for all your company search information needs. The e-info portal is the SSM’s internet based Self-Help online system which provides the search and purchase of company and business information. The portal is available online 24 hours a day and 7 days a week and can be accessed from anywhere in the world.
The following company search information can be purchased via the e-info system:
For company profiles:
- Corporate information
- Information on directors/officers
- The registered business address
- Summary of the share capital
- Information on shareholders and members
- Company charges and company financing statement.
For business profiles:
- Business branches
- Business information
- Current business owner
- Nature of the business
All the information above is available for purchase through the SSM’s portal.