How To Register Small Business In Malaysia

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How to register small business in malaysia. If your name is approved by the ssm it will be reserved for three months following the date of its approval. 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. As a small business owner in malaysia you re actually not required to have a business name to get your business registered with the government. Opening a current account is important as some payment gateways do not accept a saving account as the recipient if online payment.

It is important to note that foreigners are not allowed to start unlimited companies sole proprietor companies partnerships enterprises or llps in malaysia. 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. Once you have registered your business in malaysia you will receive a unique business registration number or id. You can register a sole proprietorship under your own name. There s at least one branch in every state in malaysia so you can be sure to find one closest to you.

Step to register a business in malaysia small enterprise sole proprietorship 1. Know what business entities are applicable to the foreigner and their business where and how to register the business and types of trade permits and certificates needed. 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. 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. 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.

Prior to forming a corporation the owners must submit a unique corporate name that does not resemble any existing registered corporate names.