How To Register Small Business In Malaysia

Step to register a business in malaysia small enterprise sole proprietorship 1.

How to register small business in malaysia. You can register a sole proprietorship under your own name. Prior to forming a corporation the owners must submit a unique corporate name that does not resemble any existing registered corporate names. In general case if you are running a shop then must apply for the trading and signboard license even if your shop located in a shopping mall or inside a commercial building. Once this step is completed the corporation must register the name with the government s registration system to gain approval from the company formation in malaysia. It is important to note that foreigners are not allowed to start unlimited companies sole proprietor companies partnerships enterprises or llps in malaysia.

If you in kuala lumpur then visit ssm suruhanjaya syarikat malaysia companies commission of malaysia at the mall opposite pwtc in kuala lumpur. Foreign investors can setup a sole proprietorship or partnerships in malaysia with the condition that they have permanent residency pr in malaysia apart from the options above foreign investors can also choose to register their business as either the private limited company or a labuan company or a representative office. Alternatively you can also register your business online through ssm e lodgement although the waiting period may be slightly longer compared to a walk in registration. If your name is approved by the ssm it will be reserved for three months following the date of its approval. Hosting is the disk space you need to rent on the internet to store your files.

Regardless of the type of business you conduct in malaysia you have to register your business with local authority and then acquire the required business license. Once you have your business registered the next step to start your online business in malaysia journey is to go to any bank of your choice to register a business current account. You must first complete and submit form 13a of the ca request for availability of name to the surumanjaya syarikat malaysia companies commission of malaysia otherwise known as ssm then pay a rm30 fee per name submitted. The ssm office have shift their office from second floor to 16th floor. Once you have registered your business in malaysia you will receive a unique business registration number or id.

There s at least one branch in every state in malaysia so you can be sure to find one closest to you.