Decide the Business Type
If you are a local entrepreneur, the registration of business Malaysia can be done as a Sole Proprietor, Limited Liability Partnership (LLP), or General Partnership. These are the common business entities available for registration of business Malaysia.
Choose a Business Name
Choosing a business name is crucial to have in mind when learning how to register new company Malaysia. In fact, one of the toughest steps in how to register new company Malaysia is choosing the perfect business name. You can check with Suruhanjaya Syarikat Malaysia (SSM), the commission for registration of business Malaysia on their website. You can also get a local agency to make inquiries about how to register new company Malaysia.
Run a name check after you have handpicked the business name. You can complete the Request for Availability of Name (Form 13A of the CA) and submit to SSM. You need to pay a fee at RM30.00 for each name applied. After the name check, you can register the name with commission for registration of business Malaysia, SSM, to get approval. If your name is approved by Commission for registration of business Malaysia, SSM, it will be reserved for three months.
Scout for a Business Premise
A good business location is part of your marketing strategy. Therefore, it’s paramount to make adequate research, in order to pick the best location for your business. Not only is the country where your business located important, the actual town, area, street, and office number are important.
In Malaysia, every business must have a legally registered local office address. Some of the important points to consider when scouting for a location are:
- Ease of finding
- Traffic flow
- Proximity to various other facilities and available amenities
Prepare the Incorporation Documents for Registration of Business Malaysia
You need to submit the Incorporation Documents to the commission for the registration of business Malaysia, SSM, within 3 months from the approval date of the company’s name. Failure to lodge your incorporation documents, you will need to apply for a new name search. Documents required by the agency for registration of business Malaysia include:
- Memorandum and Article of Association/Constitution
- Statutory Declaration by a Director or Promoter before Appointment
- Declaration of Compliance
- Company Name’s approval letter from SSM (one copy)
- Identity Card of every director and company secretary (one copy each)