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Guide to Malaysia Company Registration in Malaysia

LOCAL COMPANY INCORPORATION GUIDELINES

INCORPORATION OF A COMPANY MALAYSIA – Through this Malaysia Company Registration guide, you can gain an understanding of the registered company in Malaysia process, new business registrations in Malaysia, register company online Malaysia and how to register a company in Malaysia. There is a number of requirements you must comply with if you wish to start a registered company in Malaysia, how to register company in Malaysia and operate business here in Malaysia. We strongly urge you to engage 3E Accounting, the best Malaysia Company Incorporation Package, to help you through this rather complex Malaysia business registration process of setting up your Malaysia corporation or a registered company in Malaysia. Foreigners can register a 100% foreign-owned company in Malaysia depends on the business nature. However, self-registration of a new company or self register a new company in Malaysia is not permitted for foreigners in Malaysia.

 

How to Register a Company in Malaysia

All businesses registered in Malaysia are required to go through the Companies Commission of Malaysia, which is the statutory body formed under an Act of Parliament that regulates the corporate bodies and business affairs in Malaysia. The Companies Commission of Malaysia is known locally by the Malay variation of its name, which is Suruhanjaya Syarikat Malaysia, hence the commonly known SSM.

 

The SSM Registration Process in Malaysia

A business in Malaysia may be registered with the SSM by either using a personal name or a trade name, depending on the preference of the individual who is registering the said business. If the individual is registering a business using a personal name (for example, their own name that is registered on their identity card) they do not need to submit an application for a business name.

For individuals who intend to register the business using a trade name, the proposed name of the business must get prior approval from the Registrar of Business. Once the name has been approved, the next steps of the SSM registration process would be as follows:

  • Individuals would need to complete Business Registration Form A with details of the business name, commencement date of the business, principal place of the business, the address of the business branch if any, information of the owners and partners, the type of business carried out and provide a copy of the Partnership Agreement if any.
  • If there is more than one business owner involved, every owner and partner is required to sign the completed form.
  • The application form must be submitted over the counter or through the online SSM e-Lodgement services in the SSM’s website.
  • Documents that must be submitted along with the forms include a photocopy of the individual’s identity card, permits, license or supporting letters for the type of business, approval of the supporting letter from the relevant agency if required by the Registrar of Business.

 

What Are the Requirements for SSM Registration in Malaysia?

To be able to successfully register a business in Malaysia, individuals would need to meet the following requirements:

  • To register with the SSM requires that the individual be a Malaysian citizen or a permanent resident of Malaysia.
  • The individual must be 18 years of age and above.
  • Registration of the business must not be later than 30 days from the date of the business commencement.
  • The nature of the business must not contravene any laws or be likely to be used for unlawful purposes.

 New business registrations in Malaysia is valid for a period of one year and does not exceed five years on each registration. Individuals needs to keep in mind that despite being registered with the SSM, licences, permits or approval letters from other relevant authorities that are needed for the business must be obtain by the individual on their own. More information on Guide to Malaysia Company Registration.

The two types of companies that can be incorporated under the Companies Act 2016 are:

  1. A company limited by shares
  2. An unlimited company

Guide to Malaysia Company Registration in Malaysia

 

1. COMPANY LIMITED BY SHARES

A company having a share capital may be incorporated as a private company (identified through the words ‘Sendirian Berhad’ or ‘Sdn. Bhd.’ appearing together with the company’s name) or public company ‘Berhad’ or ‘Bhd’ appearing together with the company’s name).

The requirements to form a company or opening a company are:

(i) A minimum of one subscriber to the shares of the company (Section 14 CA);
(ii) A minimum of one director (Section 122); and
(iii) A company secretary who can be either :

  • An individual who is a member of a professional body prescribes by the Minister of Domestic Trade Cooperative and Consumerism; or
  • An individual licensed by the Companies Commission of Malaysia (SSM)

Both the director and company secretary shall have their principal or only place or residence within Malaysia.

A. INCORPORATION PROCEDURES

1. Filing Application of Company Name Search
A name search must be conducted to determine whether the proposed name of the company is available for Malaysia Company Registration or open company in Malaysia. Refer to Guidelines For Naming A Company and Guidelines For Application Of A Company Name. The steps involved are:
(i) Completion and submission of Form 13A CA (Request For Availability Of Name) to SSM; and
(ii) Payment of a RM30.00 fee for each name applied for Malaysia Company Registration.
Where the proposed company’s name is approved by SSM, it shall be reserved for three months from the date of approval.

 

2. Lodgement of Incorporation Documents for Malaysia Company Registration
Incorporation Documents (as further explained in Part B below) must be submitted to SSM within 3 months from the date of approval of the company’s name by SSM, failure of which a fresh application for a name search must be done before open company in Malaysia. (Steps (i) and (ii) above shall have to be repeated).

 

B. INCORPORATION DOCUMENTS TO BE LODGED WITH SSM

1. Constitution (formerly known as Memorandum and Article of Association)
An original of the Constitution (formerly known as Memorandum and Article of Association) shall each be stamped at RM100.00. Stamps are affixed at the Inland Revenue Board’s stamp office.

  • The first directors and secretaries shall be named in the Constitution (formerly known as Memorandum and Article of Association).
  • The subscribers to the company’s shares shall sign the Constitution (formerly known as Memorandum and Article of Association) in front of a witness.
  • Table A of the Fourth Schedule in the CA can be adopted as the Constitution of the company (Section 30 CA).

*NOTE: For incorporation of a private company, the articles of association shall contain the following stipulations.

(i) Restriction on the right to transfer the company’s shares;
(ii) Limitation on the number of members to not exceed fifty;
(iii) Prohibition to any invitation to the public to subscribe the shares/debentures of the company; and
(iv) Prohibition on public invitation to deposit money with the company.

 

2. Form 48A (Statuary Declaration By A Director Or Promoter Before Appointment)
The director or promoter declares under oath that:

  • He/She is not a bankrupt; and
  • He/She has not been convicted and imprisoned for any prescribed offences.

 

3. Form 6 (Declaration of Compliance)
This declaration states that all the requirements of the CA have been complied with. It must be signed by the company secretary who handles the SDN BHD Company registration services and is named in the Memorandum and Articles of Association.

 

4. Additional Documents:

  • Original copy of Form 13A.
  • A copy of the letter from SSM approving the name of the company.
  • A copy of the identity card of each director and company secretary.

 

C. REGISTRATION FEES

Under the new Companies Act 2016, a flat registration fee of RM1,000 is payable to SSM for each application for the incorporation of a company and register company online in Malaysia.

Under the old Companies Act 1965, each application for the incorporation of a company shall be accompanied with payment as per the schedule follows:

AUTHORISED SHARE CAPITAL (RM) FEES (RM)
Up to 400,000 1,000
400,001 – 500,000 3,000
500,001 – 1 million 5,000
1,000,001 – 5 million 8,000
5,000,001 – 10 million 10,000
10,000,001 – 25 million 20,000
25,000,001 – 50 million 40,000
50,000,001 – 100 million 50,000
100,000,001 and above 70,000

 

D. NOTICE OF REGISTRATION

A notice of registration (formerly known as Certificate of Incorporation) will be issued by SSM upon compliance with the incorporation procedures and submission of the duly completed Incorporation Documents.

 

2. UNLIMITED COMPANY

The procedures and Incorporation Documents for the incorporation of an unlimited company is the same as company limited by shares. The only difference is that for an unlimited company, the liability of its members must be stated in the Constitution (formerly known as Memorandum and Article of Association) as unlimited.

 

FOREIGN COMPANY REGISTRATION GUIDELINES

A foreign company may carry on business registration in Malaysia by either:

  • Incorporating a local company with the Companies Commission of Malaysia (SSM); or
  • Registering the foreign company in Malaysia with SSM.

Foreign company is defined under the Companies Act as:

(a) a company, corporation, society, association or other body incorporated outside Malaysia; or

(b) an unincorporated society association, or other body which under the law of its place of origin may sue or be sued, or hold property in the name of the secretary or other officer of the body or association duly appointed for that purpose and which does not have its head office or principal place of business in Malaysia.

 

A. REGISTRATION PROCEDURES

1. Application of Name Search
A name search must be conducted to determine whether the proposed name of the company is available for registration. Refer to Guidelines For Naming A Company and Guidelines For Application Of A Company Name. The steps involved are:

(i) Completion and submission of Form 13A of the CA (Request for Availability of Name) to SSM.

(ii) Payment of an RM30.00 fee for each name applied.

The name to be used to register the foreign company should be the same as registered in its country of origin. Where the proposed company’s name is approved by SSM, it shall be reserved for three months from the date of approval for register company online Malaysia.

2. Lodgement of Registration Documents for register company in Malaysia
Registration documents (as further explained in Part B below) must be submitted to SSM within 3 months from the data of approval of the company’s name by SSM, failing which a fresh application for a name search must be done (i.e. steps (i) and (ii) above shall have to be repeated).

 

B. REGISTRATION DOCUMENTS

The following documents shall be submitted to SSM in order to register a company in Malaysia:

(i) A certified copy of the certificate of incorporation or registration of the foreign company.

(ii) A certified copy of the foreign company’s charter, statute or Memorandum and Articles of Association or other instrument defining its constitution.

(iii) Form 79 (Return by Foreign Company Giving Particulars of Directors and Changes of Particulars).

*NOTE:  If the list includes directors residing in Malaysia who are members of the local board of directors of the foreign company, a memorandum stating their powers must be executed by or on behalf on the foreign company and submitted to SSM.

(iv) A memorandum of appointment or power of attorney authorising the person (s) residing in Malaysia, to accept on behalf of the foreign company any notices required to be served on such foreign company.

(iv) Form 80 (Statutory Declaration by Agent of Foreign Company).

(v) Additional documents consisting of:

  • The original copy of Form 13A; and
  • A copy of the letter from SSM approving the name of the foreign company.

 

C. REGISTRATION FEES

Registration fees shall be as per the payment schedule below:

NOMINAL SHARE CAPITAL (RM EQUIVALENT) FEES (RM)
Up to 1,000,000 5,000
1,000,001 – 10,000,000 20,000
10,000,001 – 50,000,000 40,000
50,000,001 – 100,000,000 60,000
100,000,001 and above 70,000
  1. In determining the amount of registration fees, the nominal share capital of the foreign company should first be converted to the Malaysian currency (Ringgit Malaysia) at the prevailing exchange rate.
  2. In the event a foreign company does not prescribe any share capital, a flat rate of RM 1,000.00 shall be paid to SSM.
 

 

D. CERTIFICATE OF REGISTRATION

A certificate of registration will be issued by SSM upon compliance with the registration procedures and submission of duly completed Registration Documents. The Company will be informed once 3E received the certificate of registration from register SSM. Company Search can be performed once it was setup. 3E will remind you to file your Company Tax when the deadline is due.

If any of the described registration documents are in languages other than Malay or English, a certified translation of such documents in Malay or English shall be required.

 

Business Plans for Your Company – Then SDN BHD Registration

If you are considering SDN BHD Registration, you are now ready to take the challenge of building your business from the ground up. Aside from knowing the process of SDN BHD Registration, you also have to prepare your business plan. It has to be very detailed and well-studied. It must include all the necessary information you might need when it comes to your operations.

Besides knowing SDN BHD Registration, it is also important to study your competition when coming up with a business plan. Your company should have differentiation from other existing firms. In setting up goals for your business, you have to be realistic in terms of the timeframe and assets your company owns. It is also important to identify your target market so you can cater to it better.

The mentioned above are just some of the tips you have to remember. As an entrepreneur, you also have to be conservative in estimating your finances. This means you also have to be conservative in projecting growth. This will help you manage your expectations better after you are done with SDN BHD Registration.

The Ultimate Guide to Malaysia Company Registration

Thinking of registering a business in Malaysia? 3E Accounting is here to help. Through this Malaysia Company Registration guide, you can gain an understanding of the registered company in Malaysia process, new business registrations in Malaysia, register company online Malaysia and how to register a company in Malaysia. 

Find the answers to the most asked questions about what it takes to register a company in Malaysia. The more prepared you are, the easier the process will be. It will be even easier with 3E Accounting guiding you throughout the process with our incorporation expertise.

A Malaysian company is a company that has been legally registered in Malaysia. Most companies in Malaysia are private limited companies. Any company that is incorporated in Malaysia will be subject to the Companies Act 2016 and be regulated by the Companies Commission of Malaysia (SSM). 

A Malaysian company is a company based in Malaysia. It can have customers from outside and inside the country. The company can be owned by a local, a foreigner, or both (under a business partnership entity). Foreigners often benefit from the help of local company incorporation specialists to get their business up and running.

Malaysia has seven types of business entities that you can choose from. They are: 

  • Sole proprietorship
  • Partnership
  • Private limited company
  • Public limited company
  • Unlimited companies
  • Foreign company
  • Limited liability partnership

 

Sole Proprietorship and Partnership are easy to set up and affordable. The private limited company is a good option if you want to set up a company that is a separate legal entity (a company that can acquire assets, go into debt, enter into agreements, as well as to sue or be sued in its own name).

This will depend on how you want to operate your business. If you plan to do it alone, then you would need to register as a Sole Proprietor. A Partnership is run by two or more (but not more than 20) persons. A Limited Liability Partnership is operated by two or more people. 

Your entity will also depend on other factors. For example, the type or products or services that you intend to sell. Another important factor is your current financial state.

Yes, for tax purposes, your choice of business entity is crucial. Different business entities would have different tax structures. The tax on partnerships, LLCs or sole proprietorships may not necessarily be the same amount or percentage. 

Some structures even allow tax exemptions, depending on the type of business you run and where you run your business. However, remember that regardless of your business structure, you have to file your taxes by the deadline.

Under the new Companies Act 2016, a flat registration fee of RM1,000 is payable to SSM for each application for the incorporation of a company and to register a company online in Malaysia.

In determining the amount of registration fees, the nominal share capital of the foreign company should first be converted to the Malaysian currency (Ringgit Malaysia) at the prevailing exchange rate. In the event a foreign company does not prescribe any share capital, a flat rate of RM 1,000.00 shall be paid to SSM.

All businesses registered in Malaysia are required to go through the Companies Commission of Malaysia (known locally as Syarikat Suruhanjaya Malaysia or SSM). The SSM is the statutory body formed under an Act of Parliament. It is responsible for regulating the corporate bodies and business affairs in Malaysia. 

All business must be registered with the SSM. If that’s not the case, you will be considered operating illegally and run the risk of heavy penalties. Remember, before you attempt to register your business, you should brainstorm at least three different names for your company.

Since SSM is the governing body for all businesses in Malaysia,  the verification process must be done through them. SSM oversees all business-related matters, including verifying the history and registration record of a company. Verifying a company is how you obtain information regarding the company’s status, legal history, credit history and more.

The first step in verifying a company in Malaysia is to go through the SSM’s website. The main section for company verification is located on their e-Search page. The search results will then show if your company exists and is active or dissolved.

The company registration process in Malaysia is broken down into several steps. Below are the estimated wait times for each step that you are required to go through:

 

Process Timeline
Name search and application 1 to 3 working days
Preparing your incorporation documents An hour or less once you have gathered your paperwork and completed everything you need to
Filing and lodging your documents 3 to 5 working days
Certificate of Incorporation issued by SSM 5 to 10 working days

Yes, 100% foreign ownership is possible in Malaysia. However, for that, you must open an Sdn. Bhd. company in some specific industries.

Some examples of the industries where you cannot get full ownership include education, agriculture, petroleum, oil and gas, banking and finance, outbound tourism, and ticketing. 

SSM is the government body responsible for overseeing the corporate and business affairs in Malaysia. It was formed in 2002 under the Companies Commission Act of Malaysia Act 2001. SSM assumes all the functions of both a Registry of Business and Registrar of Companies. 

SSM has a range of responsibilities, but the main purpose is to act as an agency that incorporates companies and registers businesses. SSM also provides business and company information to the general public. SSM is Malaysia’s leading authority for corporate governance improvement.

If you are registering a business using a personal name, you don’t need to submit an application for a business name.

To register using a trading name, the proposed name of the business must get prior approval from the Registrar of Business. Once approved, the individuals must complete Business Registration Form A with details of the business name, commencement date of the business, principal place of the business, the address of the business branch if any, information of the owners and partners, the type of business and provide a copy of the Partnership Agreement. 

To successfully register a business in Malaysia, individuals would need to meet the following requirements:

  • The applicant should be a Malaysian citizen or a permanent resident.
  • The applicant should be at least 18 years old.
  • Registration of the business must not be later than 30 days from the date of the business commencement.
  • The nature of the business must not contravene any laws or be used for unlawful purposes.

To register a business in Malaysia, you (and your partners) must not have been declared bankrupt in the past. 

Before registering a business, other prerequisites that you should fulfil include preparing a business plan and ensuring that you have the necessary funding. The business plan is going to be your blueprint on which your company will be built. As for the money, you should have enough funds to sustain your business for at least eight months to a year of operations.

You must lodge an original of the Constitution (formerly known as Memorandum and Article of Association). You must also lodge Form 48A (Statutory Declaration By A Director Or Promoter Before Appointment). 

Next is Form 6 (Declaration of Compliance). This declaration states that all the requirements of the CA have been complied with. Other documents include an Original copy of Form 13A, a copy of the letter from SSM approving the name of the company, and a copy of the identity card of each director and company secretary.

Yes, the company registration process can be done online. You can do it through SSM’s Ezbiz Online service via their website. While it is certainly convenient to register your business online, SSM does recommend on their website that first-time registers should visit the SSM counter for registration. 

While registering your business, it is also recommended for you to apply for the Ezbiz Online services. This way, you can easily modify or change any documents you need online later on. It also makes it much easier for you to renew or modify your business details when you need to.

Yes, you will need a valid business license to operate your business in Malaysia. Even after registration, you may need various permits and approvals. All businesses are required to comply with some form of licensing, including a general license. 

Business licenses in Malaysia fall into three categories. These are General Licenses, Industry Specific Licenses, and Activity Specific Licenses. You can apply for a business license via the Pihak Berkuasa Melesen (PBM).

Your business licenses will be valid for up to 12 months. Thus, you should renew your business license annually before the expiry date. You can easily renew your business license online via SSM’s website.

The documents you need to lodge with SSM to complete your company registration process includes:

  • Your proposed company name(s)
  • Company name reservation form
  • Principal business activities of your company
  • Photocopies of your passport or IC (Identity Card) of all the company directors and shareholders 
  • Details of the directors and shareholders particulars
  • Number of shares for each shareholder
  • Information about your paid-up capital

The Certificate of Registration proves the existence of the business entity. SSM issues a copy (or a certified copy) of the Certificate of Incorporation certifying that a company is legally incorporated under the Companies Act of Malaysia. 

The Certificate of Incorporation will be issued by SSM upon compliance with the incorporation procedures and submission of the complete Incorporation Documents. The Certificate of Incorporation is in the local language (Malay language) and a certified registry copy can be provided.

If you have designed a unique product or service that no one else on the market has yet, then yes, you should consider registering your business for intellectual property. After all, it is a unique mark that differentiates your business from the others. Registering your trademark ensures that you own every privilege associated with it. Business sustainability is crucial to any entrepreneur including having exclusive rights to a trademark.

Paid-up capital is the money that is paid by the shareholders of the company to purchase the shares. For a Private Limited company in Malaysia, the minimum paid-up share capital is RM1. This must be paid immediately upon the incorporation of the company.

The minimum paid-up share capital for companies that are registered in Malaysia is RM1. However, if your business is applying for an Employment Pass, the paid-up share capital will increase to RM500,000. 

For the employment of an expatriate, these are the paid-up capital requirements for your company:

 

EQUITY PAID-UP CAPITAL
100%  Local  Owned RM250,000
Joint venture (minimum foreign equity is 30%) RM350,000
100%  Foreign  Owned RM500,000
Foreign-owned companies (foreign equity at 51% and above) operating in the Wholesale, Retail and Trade (WRT) sectors (mandatory requirement to submit valid WRT license, if applicable).

Please refer to the Ministry of Domestic Trade, Co-operatives and Consumerism for WRT license application guideline

RM1,000,000
Foreign-owned companies (foreign equity at 51% and above) involved in the sub sectors on unregulated services are required to refer to the Services Industry Division, Ministry of Domestic Trade, Co-operatives and Consumerism on the application guideline to obtain approval.

Malaysia adopts a territorial system of income taxation. A company, whether resident or not, is assessable on income accrued in or derived from Malaysia. The general corporate tax rate for both resident and non-resident companies is 24%. 

A resident company that falls under the specific paid-up capital and control criteria shall use the tax rate of 17% for the first MYR 600,000 and 24% of the amount in excess of MYR 600,000. Income derived from sources outside Malaysia and remitted by a resident company is exempted from tax, except for banking, insurance business, sea and air transport undertakings.

You need to be at least 18-years old to register a company in Malaysia. You must also not have been declared bankrupt in the past or have any record of previous criminal offences.

No, you do not necessarily have to be physically present in Malaysia to open a business. Company incorporation service companies like 3E Accounting can easily register a company on your behalf. However, the Companies Act 2016 does require that you have at least one company director who is residing in Malaysia.

Both the director and shareholder of the company must be at least 18 years old and above. The principal place of residence must be in Malaysia for the company director. Also, the director must not have been previously disqualified under Section 198 of the Companies Act 2016.

Once your business has finalised the incorporation process, you will be able to commence business immediately. Post-registration, you will need to open a company bank account. You must also apply for any valid business licenses and permits that you may need with the relevant authorities. 

Should your business need it, you must apply for the Sales and Services Tax (SST). For your employees, your company must register with the Employees Provident Fund (EPF) post-incorporation. Finally, the last task on the list is to decide on your company’s fiscal year-end.

Yes, 3E Accounting can help to act as your company resident director until a suitable candidate has been found. Per the local legislation, a company director needs to be a natural person who is residing in Malaysia. Private companies may appoint one director and public companies may appoint up to two directors.

A Company Registration Number is a unique set of numbers representing your business’s unique identity. This will be assigned to you during the company incorporation process in Malaysia. These numbers dictate how your business is verified. 

Your Company Registration Number will be printed on your Certificate of Incorporation. Moving forward, this registration number will be used to connect your business to all matters pertaining to your company.

The Companies Act 2016 is the local Malaysian law that regulates every company registered in the country. To operate your business legally, you will need to comply with all the requirements stipulated in the Companies Act 2016. Failure to do so may result in a hefty fine or penalty for your business.

While Malaysia’s company incorporation process is not that complicated, it is not without a little difficulty too. This is especially true if you happen to be a foreigner who is unfamiliar with the local landscape. The first problem you might encounter is sourcing a local company director if you don’t know anyone yet. 

As a foreigner, you must apply for entry permits before entering the country. The options available include investors and experts, professionals, point system, or spouses. If you’re running a restaurant business, obtaining the HALAL certification could be another challenge you didn’t expect.

Yes, this is because Malaysia has such a diverse and multicultural landscape. There is something for everyone, and every business has the potential to bloom.

The company name search is done online on SSM’s website and the results are instant. The company name approval might take anywhere from one to two business days.

Your name may be rejected if SSM believes that your name violates any of their guidelines. That is why it is recommended that you come up with at least two to three business name options. This way, you have a backup even if your business name is rejected.

You can reserve your business name for 30 days. The 30-day period begins from the time you lodge your application.

There could be several reasons for the rejection of your company name. For example, the name is too similar to an existing company. Another reason could be your company name might cause too much confusion to the public. 

Another possible reason is your company name contains words, letters, or characters that are prohibited by SSM. If your company name gets rejected, you will need to apply for a new one.

Yes, you may transfer your business name if you want. You will need to inform SSM within thirty (30) days from the date of the change using the prescribed form. Changes in business information can be registered through the counter by submitting Form B or online at EzBiz Online.

Depending on your business, specific licences or permits are granted by different bodies. These include the Malaysian Communications and Multimedia Commission (MCMC), the Halal Certification Body (JAKIM) and the Ministry of Health (MOH). You will need to determine which body to refer to based on the nature of your business.

Similar to other trading activities, business licences are mandatory. These licences will have to be applied and renewed. Not having a valid licence is an offence and may potentially jeopardise the business.

Yes, an online business will still need a business license in Malaysia. Obtaining relevant licences or permits can boost the confidence of your clients in your business. It also signifies the legitimacy of your business. 

Small business licences are typically applied from the Ministry Of Entrepreneur Development’s Business Licensing Electronic Support System (BLESS) licensing portal or Pihak Berkuasa Melesen (PBM). Licencing is also contingent on your location, and therefore approvals are either by federal or state authorities.

Home-based businesses have been around for a long time. However, the recent hit of the pandemic gave home-based businesses a surge in popularity. The business registration process for a home-based business is the same as a regular business. 

You will need to go through SSM to get your business legally registered. Submission of incorporation documents to the SSM should take place between three months after the business name approval. Company registration may also have fees and other formalities. 

Depending on your type of business and annual income, you need to register for tax with the Inland Revenue Board (IRB).

A registered address is used by the company at the time of incorporation. This address is where all communications pertaining to your business will be directed to. This is a mandatory requirement as part of your SSM incorporation process. 

A business address, on the other hand, is where you conduct your business. The business address could be your shop, factory, home. A business address is not a mandatory requirement by SSM.

No, PO Boxes are not recognised in Malaysia as valid business addresses.

Yes, ideally you should have a separate bank account for your company. Even if you are a sole proprietor, it is best to open a corporate business account specifically for your business expenses. For entities other than sole proprietorship, you must have a separate bank account as part of your company incorporation process. 

Opening a bank account specifically for your business is highly recommended. It makes it easier to keep track of your accounting and business records for tax purposes.

To open a bank account in Malaysia, you will need:

  • A standard account-opening form(s) signed by the authorised signatories. 
  • Certified true copy by the Company Secretary of following documents:
    • A resolution by the board of directors approving the opening of corporate bank account(s)
    • Super Form
    • Constitution
    • Notice of Registration
  • Copies of passports or NRIC and proofs of residential addresses for directors authorised signatories, and ultimate beneficial owners.
  • A copy of the Certificate of Incumbency of the holding company 
  • Recommendation of an introducer if requested by the bank

For local business owners, having a company registration specialist is not a necessity, but it will help you in the long run. Working with a company registration specialist team like 3E Accounting can save you valuable time and energy. They help you make the company incorporation process smoother and less stressful.

As for foreigners, you need to work with a local company registration specialist, especially if you don’t reside in Malaysia. Many aspects of the company incorporation process will require the help of a specialist to proceed, especially if you don’t have a work permit yet or you’re trying to incorporate from abroad.

3E Accounting is a one-stop solution for companies. We offer everything that you need during the company incorporation process from start to finish. This includes services like accounting, taxation, legal, marketing and clerical support.

We are the leader in cost-effective professional solutions. We specialise not only in providing corporate professional services but focus on providing the services beyond the highest level of excellence to all our clients.

We offer support to set up, launch and manage your business in Malaysia. Furthermore, we have established an extensive network of local partnerships with reputable and cost-effective firms that specialize in specific niche areas.

There are a lot of business ideas you can consider starting in Malaysia. It depends on your passion and what area you wish to pursue. Whether you’re starting an online business or a physical business, here are some ideas you can consider:

  • Fintech
  • Cybersecurity
  • Food and beverage (F&B)
  • Online ecommerce
  • Mobile app developer
  • Transportation
  • Childcare 
  • Construction 
  • Fashion and retail 
  • A business offering professional services

3E Accounting Services Sdn. Bhd. helps you to understand of the company registration in Malaysia process.

If any of the described registration documents are in languages other than Malay or English, a certified translation of such documents in Malay or English shall be required.