Application Process for Malaysia Company Registration
If you are a business owner or a foreign investor who is seeking for opportunities to establish your own company in Malaysia then to “Register Company Name in Malaysia” is said to be the first step of incorporation for you to look into. All sort of business entities established in Malaysia has to register company name by authorized bodies responsible for this act.
Suruhanjaya Syarikat Malaysia, SSM, also called as Companies Commission of Malaysia is said to the statutory corporate body responsible to register the company name and business incorporation in Malaysia.
The Companies Commission of Malaysia or SSM was first established in the year 2001 in Malaysia under the Companies Commission of Malaysia Act 2001. SSM is defined under the Ministry of Domestic Trade and Consumer Affairs (KPDNHEP) to initiate business registration, register company name along with other business regulatory affairs and maintains appropriate compliance between all these related facts through several enforcement and sorting activities.
To set up your own business firm in Malaysia, one has to get approval for registration of the proposed name given by the company owners, directors, shareholders, company secretary or another corporate figure.
Usually, business registration by SSM in Malaysia complies two steps as shown below:
Application for Register a Company Name:
This is one of the most vital and important steps related to SSM Company registration policy. To begin a business in Malaysia one has to check the availability and get approval for registration for the desired proposed name given to the company.
One needs to get approval from the Companies Commission of Malaysia (SSM). As per the act of amendment issued any business company can be registered under SSM either by a trade name or personal name.
This mainly done by collecting a form from the register at SSM then filling it up with all valid information need to be provided and submission to SSM authority again.
A flat fee of RM 30 is required for the checking and approval for registration of each desired name given for submission.
An individual who is registering the business by a personal name (i.e — the name by which he or she is registered in his identity card) is not required to submit an application for the business name.
Personal who intends to register their business by a trade name must have authorized approval from the Registrar of Business.
Application for Business Registration:
This is said to be the next step to be done after the desired proposed name submitted by the business owners to SSM is checked for availability and is approved for registration. This business registration process in SSM is also running in a similar manner.
A respective form is collected from the SSM office and is filled up with all necessary & authentic details as asked in the form and is then again submitted to the SSM officials along with all other required documents that need to be provided for incorporation method.
These forms and all other official documents must be submitted to SSM within 30 days from the date on which the proposed name of the company has been approved for availability and registration by SSM.
Once all documents and papers are gone through by the Registrar and are said to be approved for registration then SSM will issue a Certificate of Incorporation in the name of the business company.
Business owners and sole investors can even accomplish the registration of company name and business incorporation through online by SSM company search. Then logging into the appropriate online website assembled by the Malaysian Government.
This website of SSM has all guidelines and steps shown for the users to get enlisted and check for availability of their desired process name and get registered.
Note: There are certain laws and regulations initiated by the Malaysian government that needs to be followed to register a company name in Malaysia. You can go through our article over guidelines to company registration Malaysia.
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