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Registering Your Sdn. Bhd. at A SSM Counter
What is needed to form a Sdn. Bhd.?
For a company to run, the minimum requirement in Malaysia is having at least 1 director and 1 shareholder (same entity eligible) to incorporate the company. Apart from that, a few other criteria are required to be checked off.
- Only 18 years old and above are eligible
- At least 1 director with permanent address in Malaysia
- Not precluded under Section 198 of the Companies Act
Also, it is important to note that before incorporating a company, roles and responsibilities of directors and shareholders should be fulfilled.
Do you know all the important elements that are needed before registering your Sdn. Bhd. business? Don’t worry, we’ve got you covered. We have put together a list of 5 key factors to address before starting your business just for you.
Read our full article here.
How to come prepared for incorporation?
There are multiple documents and company information required beforehand when registering at a counter for the incorporation process to be smoother.
- Desired company name(s)
- Business nature
- Director and shareholder particulars
- Paid-up capital, minimum RM 1.00
Additional required documents include:
- NRIC for identity verification rundown.
- Letter of authorisation if your proposed company name has trademarks or subjectified words.
Registering at your nearest SSM branch
After preparing the required documents, one must drive to the nearest SSM branch, and the procedure goes as the following:
- First queue up to get a ticket, which could be ongoing until your turn for hours.
- Hand over the documents pertaining to your company information, background, and other particulars.
- Make sure to hand in your Identity Card as it is a required process for confirmation and recognition of an entity.
A final note, the payment for an incorporation fee totals to RM1,010 (inclusive of tax) and the owner will obtain a transaction receipt. After 30 days of obtaining the Notice of Registration, a company secretary should be arranged.
Why take the hassle to register your company at an SSM counter when you could do it online through a company secretary?
Read on how to register your Sdn. Bhd. online with BossBoleh here.
Want to know more about starting a Sdn Bhd? What’s the best way to start one, and what should you be mindful of? Register and find out in our upcoming webinar!
Are you ready to form your Sdn Bhd with Malaysia’s #1 award-winning Online Company Secretary? Contact us now via WhatsApp @ 018-7678055!