How can I register a company in Malaysia?

The company registration can be done through online via Ezbiz Online services at ezbiz.ssm.com.my or manually at any SSM counter in Malaysia. For first-timers, you should be visiting the SSM counter for the registration. You can consult the friendly officer directly at the counter if you have any question.

How much does it cost to register a company in Malaysia?

Fees

Different Malaysia entity types Cost Draft invoice
Tax resident LLC US$12,680 View invoice PDF
Legally tax exempt LLC US$12,000 View invoice PDF
A Malaysia Free zone company US$20,050 View invoice PDF
Branch of a foreign company US$17,450 View invoice PDF

How do I set up a company in Malaysia?

What Are the Steps to Start a Business?

  1. Decide the business type. …
  2. Name your business. …
  3. Scout for a business premise. …
  4. Registered office address. …
  5. Prepare the incorporation documents. …
  6. Incorporate your company. …
  7. Pay registration fees. …
  8. Issuance of a Certificate of Registration.
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How do I register a private company in Malaysia?

Steps to starting a private limited company.

  1. Name search. Conducting a name search for business at SSM to determine the availability of the proposed company name.
  2. Company registration. …
  3. Opening a corporate bank account. …
  4. Obtaining permits and licenses. …
  5. Meeting tax obligations. …
  6. Annual filing.

What are needed to registration a business in Malaysia?

Must be Malaysian citizen or a Permanent Resident and 18 years old and above. Only the owner can make application. Must be Malaysian citizen or a Permanent Resident and 18 years old and above. Only the owner (director) can make application.

Can foreigners register a company in Malaysia?

Under the Company Commission of Malaysia (CCM), all foreigners only are allowed to register a private limited by shares (Sendirian Berhad- “Sdn Bhd”) company in Malaysia. Foreigners are not allowed to register sole proprietor, enterprise or LLP companies in Malaysia, these entities are meant for Malaysian only.

How do I pay SSM?

​​Payment Mode

  1. Fee is payable to SURUHANJAYA SYARIKAT MALAYSIA.
  2. Payment for training can be made in Credit Card (Visa and Mastercard) , Debit Card (Visa and Mastercard) and Direct Banking.​
  3. Payment for replacement certificate can be made in cash through counter services.
  4. Each programme fee must be paid separately.

Can one person register a company?

The Companies Act, 2013 provides that an individual can form a company with one single member and one director. The director and member can be the same person.

How can I register my own company?

Four major steps to register a company/ startup in India:

  1. Step 1: Acquire Digital Signature Certificate (DSC)
  2. Step 2: Acquire Director Identification Number (DIN)
  3. Step 3: Create an account on MCA portal- New user registration @ mca.gov.in.
  4. Step 4: Incorporate or Apply for the company to be registered.
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Can I start an online business without registering?

It is entirely legal to operate as a sole proprietorship without registering your company. … You can’t legally use any business name until you have registered it as an officially recognized business entity, both with your local state authorities and with the Internal Revenue Service.

Who can incorporate company?

The prerequisites for the incorporation of a private limited company are that:

  • The number of members must be between 2-200.
  • There must be at least two directors and two shareholders.
  • Each director must have a Directors Identification Number (DIN)

What are the 5 types of business entity in Malaysia?

Generally, there are 5 main types of business entities in Malaysia.

  • Sole proprietorship.
  • Partnership.
  • Limited Liability Partnership (LLP)
  • Private Limited Company (Sdn. Bhd.)
  • Public Limited Company (Berhad)

Can one person own a private limited company?

Shareholding. … A private limited company must have a minimum of two shareholders. Therefore, 100% of the shares of a private limited company cannot be held by a single person.

Why do we need SSM registration?

The main purpose of SSM is to serve as an agency to incorporate companies and register businesses as well as to provide company and business information to the public. The commission launched SSM e-Info Services to allow information on companies and businesses obtainable via its website.

Do online business need to register SSM?

“All online traders who carry out businesses via marketplace or e-commerce companies must register with SSM by end of December 2017. SSM will give a 30-day period for the traders to register after their businesses on the e-commerce platform become profitable.

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Do I need to register my online business in Malaysia?

The short answer is yes, you do. As long as you make money with your business – whether online or offline – you will need to register it with SSM. If you don’t, your business is considered illegal and you may face a hefty fine.