How to start Sdn Bhd
The Companies Commission of Malaysia (Suruhanjaya Syarikat Malaysia or SSM) regulates companies and businesses in the country. Its main activities are to incorporate companies and register businesses.
Subject to SSM greenlight, it usually takes two to three working days for your company to get incorporated.
Here’s a checklist for incorporating Private Limited Company (Sdn Bhd):
[1] The first step is to do a company name search with SSM. This involves lodging a name search application to SSM for approval of using the chosen name in your new company. You pay RM50 for each name applied. Once approved, the company name will be reserved for you for three months.
[2] The following incorporation documents must be submitted to SSM within three months from the date of its approval of the company name, failing which you will have to make a fresh application for a name search.
[a] Memorandum and Articles of Association (MAA) – the original of each is stamped at RM100. Stamps are affixed to the Inland Revenue Board’s stamp office.
[b] Form 48A (Statutory Declaration by a director or promoter before the appointment) stating that he/she is not a bankrupt and has not been convicted and imprisoned for any prescribed offences.
[c] Form 6 (Declaration of Compliance) stating that all the requirements of the Companies Act have been complied with and signed by the company secretary named in the MAA.
[d] Original copy of Form 13A.
[e] A copy of the letter from SSM approving the company’s name.
[f] A copy of identity card of each director and the company secretary.
[3] The minimum business registration fee is RM1,000 for authorised share capital of up to RM400,000.
[4] SSM will issue a Certificate of Incorporation upon your compliance with the incorporation procedures and submission of the duly completed incorporation documents.
Choosing names: What you need to know
Remember to check your new company name with the SSM Online System at www.ssm-einfo.my before registering your company.
Why? With the company name search, you will know whether someone else is using the same or similar name to the name you plan to have for your new company. A name search ensures that your proposed name is available.
