Malaysia is Southeast Asia’s biggest nation. Having 13 states and a rapidly growing economy, Malaysia could be the perfect place for you to register your company. Widely regarded as a tourist hotspot, Malaysia ensures that you will always have a dynamic and ever-changing customer base for your company.
Moreover, with its racially and ethnically diverse population, as well as with a large community of expatriates, you will never feel out of place in Malaysia. Furthermore, English is widely used across the country despite the official language being Bahasa Melayu. This ensures that you will always have easy means of communication with anyone or any other business entity. So if you had any reservations, we hope this put them at ease.
If you are interested in setting up your company in Malaysia, contact us at S & F Consulting. We are a business consultancy group who are officially registered in Malaysia. As such we are qualified to assist you in whatever endeavors you may have in Malaysia. Therefore, do not hesitate to contact us!
Fortunately for you, the SSM in Malaysia now has an option to register your business online. This does not mean that the option to go to the physical SSM counter has been taken off. You now have the choice to select whichever is most convenient for you.
To register your company online, you may visit their website here. The biggest advantage to registering your company on their web-based portal is that it’s available online 24 hours, on all days of the week. Meaning that you may register your company regardless if it was a weekend or a public holiday.
For additional information, the Companies Commission of Malaysia, or in BM, the SSM (Suruhanjaya Syarikat Malaysia) enforces the Companies Act. The SSM is the authoritative body that looks over all affairs with regards to businesses and companies in Malaysia. This is a merging body formed in 2002 between the two prior different bodies; the Registrar of Companies and the Registrar of Businesses.
Types of company formations allowed under the Companies Act 2016
- Limited Liability Company
- Unlimited Liability Company
- Public Company
- Private Company
For your ease of understanding, below is a guide to online company registration. You may use it as an overview of what the process will entail for you.
Guide to Online Company Registration in Malaysia
- Step 1- Website
Firstly, make sure to visit their website here.
- Step 2- Register for an account
In order to register for an account to use their website, you will have to enter the following details:
- Your identification document type
- Your identity card number
- Your name as stated on the identity card
It should be noted that if you are not a Malaysian national, you will have to be a permanent resident of Malaysia in order to register online. Moreover, you will also have to be above the age of 18 to do so.
- Step 3- One-time account activation
Next, you will be asked to pay a visit to the closest branch office of the SSM to receive an activation for your account.
- Step 4- Logging in
Now that you have your account information, you may log in. Then you will need to go to the section to register for a new business. From this step onwards, all proceedings are identical to those needed when applying at a branch office.
- Step 5- Company name and Name search
Next you will have to register your official company name. The SSM requires you submit three potential names, wherein they will choose one. You may use the website to see if the name you want is available.
- Step 6- Completion of forms
You will need to complete the following forms with the relevant details:
- Form BORANG PNA 42
- (You may download it here)
- This form is with regards to your company name and your business activities.
- The next form is form BORANG A
- (You may download it here)
This form is with regards to your company registration and requires the following details:
- Official Address
- Partnership agreement status
- Telephone number etc.
- Description of business activities
- Details of owners/shareholders/directors/secretaries
*Do note that these forms are in Bahasa Melayu (the official language of Malaysia) and will require you to get them translated to the language you prefer.
- Step 7- Submission
Once you have completed the details, you may submit the forms digitally along with the registration fee.
The registration fee carries a cost of RM 1000.
In summation, while the process may seem complicated, we assure you it is not. By following the steps systematically, you will be able to register your company in Malaysia very easily. If you have any reservations or queries, do contact one of our friendly customer service team members. As they are online 24/7 they will be easily able to assist you on whatever you need.
Frequently Asked Questions
How much will this cost?
The registration fee is RM 1000, but you may incur additional costs if you request changes in the middle of the registration process.
Why should I choose S & F Consulting?
S & F Consulting is a business consultancy group. If you’re a foreign national looking to establish your company in the country of your choice, we are here to help you. With over 7 years of successful business registrations, our priority is your happiness. So, with whatever need you may have, do consider coming to us.