Suruhanjaya Syarikat Malaysia Company Registration


Suruhanjaya Syarikat Malaysia Company Registration
Suruhanjaya Syarikat Malaysia Company Registration

Suruhanjaya Syarikat Malaysia, SSM, also commonly known as Companies Commission of Malaysia, is said to the sole statutory body responsible for regulating and monitoring business incorporation and businesses within Malaysia.

It can be stated that all business entities that have already been incorporated or going to incorporate in future or is currently under incorporation procedure must go through under authentic surveillance steps initiated by the SSM.

SSM company registration steps and procedures are one topic that is highly cherished by many business owners and foreign investors from various nations.

The Companies Commission of Malaysia or SSM was introduced at the year of 2001 under the Companies Commission of Malaysia Act 2001.

SSM is allocated under the Ministry of Domestic Trade and Consumer Affairs (KPDNHEP) to initiate incorporation of various business companies, register businesses and maintains appropriate compliance between business company registration and corporate legislation through several enforcement and sorting activities.

The activities or role of SSM just doesn’t limit to what mentioned till now. They also play initiative and major roles regarding SSM company registration laws, company infrastructure, company name approval, licenses and permits, articles approval and many more.

Being the only sole corporate body assigned by the Malaysian Government SSM also play a vital role on acknowledging and providing vivid information required by the public in Malaysia and all around the world regarding company registration and business.

An information center, Companies Commission of Malaysia Training Academy (COMTRAC), was established in April 2007 by SSM to train and educate all sort of corporate bodies appointed in a Business Company which involves the directors, secretaries, management figures, employees, auditors, entrepreneurs, innovators and other company members with SSM’s functions, laws and regulations regarding business strategies stipulated under the Companies Commission of Malaysia Act 2001.

Company registration Malaysia

Whay you Import into Malaysia ?

In today’s date, Malaysia is considered a prime business-oriented country with sorted resources, facilities and profit-making initiatives that they bring in for thousands of business owners and investors from various nations around the world.

To acquire more attention of investors towards Malaysia Business the SSM Company registration was reviewed at the year of 2003.

Simplifying SSM company registration policies to maximum for investors to understand and adapt easily plus reduction of the total cost of SSM company registration are the two main reasons for reviewing the Companies Act 1965 on 2003.

The main vision and mission of Companies Commission of Malaysia (SSM) are to train and educate all sort of company corporate figure-heads i.e. directors, secretaries, management figures, employees, auditors, entrepreneurs, innovators and other company members with SSM company registration policies stipulated under the Companies Commission of Malaysia Act 2001.

From March 2018 these Academy for education and training purposes is named COMTRAC & Knowledge Management Division.

The SSM Company Registration authentic body corporate takes several steps for inspection and enforcement to ensure subsequent compliance maintained between business registration and corporate legislation.

If any of the business companies or their respective owners try to make a cheap run or disobey any of the policies and regulations initiated by the Companies Commission of Malaysia Act 2001, they will be strictly punished – Cancellation of Business License, Ransom Charged and can even be jailed as per level of crime committed.

Being the only authorized body as corporate governance in Malaysia, SSM shows no mercy for Businesses or owners who try to disrupt regulation initiated for SSM Company Registration in Malaysia.

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Registration methods for a foreign firm in Malaysia


Any foreign firm or companies can progress with their business acts in Malaysia by two different steps, they are:

  1. Incorporating to a local firm or business entity with the Companies Commission of Malaysia (SSM).
  2. Registering the foreign firm in Malaysia (SDN BHD malaysia company) with SSM.

As per Companies Act 1965 (CA 65) a foreign firm can be defined as a corporation, association or a company that is incorporated outside Malaysia. They can also be defined as an unincorporated firm or business entity which has the capability to sue or get sued, acquire property of its own in the name by the secretary, directors or other officials who are duly appointed by the company itself and most important the business firm is said to have its principal or head office outside of Malaysia.

Registration methods for a foreign firm in Malaysia
Registration methods for a foreign firm in Malaysia

SOME IMPORTANT FACTS TO BE TAKEN IN CONCERN

A. REGISTRATION PROCEDURES
1. Application of Name Search
The need of regulation of name search is mainly performed to see if the proposed name given by the firm is available to be accepted by certain body of authority in Malaysia. The steps to be taken are given below:
(i) Form 13A of the CA must fully completed with accurate details and submitted (Request for Availability of Name) to SSM.
(ii) A payment of RM30.00 has to be made for each proposed name applied.
* Once SSM approves the name proposed by the foreign firm for registration, it is kept restrained for at least 3 months from the date of approval.
2. Registration Documents and its Lodgment:
Once the proposed name is approved by SSM it is important that all registration documents and legal papers must be handed over to SSM within 3 months from the data of approval. A entire fresh application for a name search should be performed again for failing to provide the asked documents within restricted time.
B. REGISTRATION DOCUMENTS AND OTHER LEGAL PAPERS.
Documents or legal contents that must be submitted to SSM for registration are given below:
(i) Certified or authorized document of the certificate of incorporation or registration of the foreign firm.
(ii) Certified or authorized do of the foreign company’s sanction, law or memorandum and other related issues that defines the association in separate.
(iii) Form 79 (Fully completed and provided with all valid information)
(iv) An authorized appointed memorandum or power of attorney in the name of the person (s) residing in Malaysia, who will be able to accept on behalf of the foreign firm itself any notices, warnings or announcement is issued to the firm itself.
(iv) Form 80 (Statutory Declaration by Agent of Foreign Company).
(v) Other additional documents i.e. the original copy of Form 13A, copy of the letter issued by SSM on the approval of the proposed name by the foreign firm etc.
C. REGISTRATION FEES
Registration fees shall be as per the payment schedule below:

NOMINAL SHARE CAPITAL (RM EQUIVALENT) FEES (RM)
Up to 100,000 1,000
100,001 – 500,000 3,000
500,001 -1 million 5,000
1,000,001 – 5 million 8,000
5,000,001 – 10 million 10,000
10,000,001 – 25 million 20,000
25,000,001 – 50 million 40,000
50,000,001 – 100 million 50,000
100,000,001 and above 70,000

Some important facts to be taken in consideration:

  1. The amount of registration fees (for consoling), the official capital and shares of the foreign firm must be converted to the Malaysian currency (Ringgit Malaysia).
  2. Conditions In certain cases and the foreign business organization does not allocate any share capital, a flat rate of RM 1,000.00 must be paid to SSM.

D. COMPLETETION AND CERTIFICATE OF REGISTRATION
Once all the documents and paper works with valid information is provided to SSM by the foreign company, they will issue an authorized certificate of registration in the proposed name of the foreign firm or the business entity.

SDN BHD registration cost


Register a business in Malaysia: we can help you to register company (sdn bhd), there is no hidden costs and tricky add-ons for opening a company or company registration Malaysia.

Incorporate a Company (Sdn. Bhd.) you have to know about Malaysian company registration Cost (SDN BHD registration cost) see here all of registration fees.

SDN BHD registration cost
SDN BHD registration cost

The Fee quoted as above is inclusive of Everything – ON THE ROAD (No Hidden Cost)

  1. The Registrar of Companies (ROC) Name Search Fee – For Each Company Name Search – RM 30 each for Company.
  2. Authorized Capital Fee Payment to the ROC for Authorized Share Capital of RM 100,000.00 – RM 1,000.
  3. Stamp Duty Fee Payment to the Treasury for the Memorandum and Articles of Association – RM 200.
  4. The Preparation of all Relevant Company Secretarial Forms and Filing of the Forms with the ROC.
  5. The Commissioner of Oaths(SSM) Charges for the Statutory Declarations for All the Company Directors.
  6. Company Common Seal – Top Quality – Guaranteed to Last for 10 Years.
  7. Printed Share Certificates Book – All Share Certificates Pre – Printed in the Company’s Name – Not the Blank Share Certificates.
  8. Statutory Company Register Books in accordance with the Companies Act, 1965.
  9. Board of Directors Meeting Minutes Book of the Company.
  10. Five Sets of the Memorandum and Articles of Association (M & A).
  11. 3 Sets of CERTIFIED TRUE COPIES of All Documents of the Ready-Made Shelf Company by the corporate SECRETARY form forty-nine – Company Directors’ Particulars, form 24 – Share Allocation kind, form 32A – Share Transfer kind. form form – Certificate of Incorporation and form forty-four – Particulars of Company Registered office – freed from Charge. The Preparation of the First Company Bank Account Opening Resolution – (To Open the Company Bank Account).
  12. The Preparation of the First Company Statutory Board of Directors Meeting Minutes – within 30 Days.
  13. The Free Company Bank Account Chop/Stamp – Already Pre-Prepared.
  14. For Shelf Companies ONLY – usually RM 50 Ready in 1 Hour – FOC.
  15. The Appointment of The NEW DIRECTORS (at least TWO) – For Ready Made Shelf Companies – ONLY.
  16. The Cost of Preparation of Documents, Travelling Expenses and other Related Cost for the NEW Company INCORPORATION.
  17. Share Transfer Fee for The Shelf Company First Share Transfer – only for Shelf Companies.
  18. Free Application Forms for Company Bank Account Application Available – Save Yourself A Trip to The Bank.
  19. Free Parking – Our Office Area Has Many Street Level Parking Lots and Not the Underground and Expensive Parking Lots.
  20. Our Professional Fees and finally a decently small profit for our company.
  21. COMPANY DIRECTORS – DUTIES AND RESPONSIBILITIES.
  22. COMPANY DIRECTORS – CODE OF ETHICS.
  23. COMPANY SECRETARY – DUTIES AND RESPONSIBILITIES.
  24. COMPANY SECRETARY – CODE OF ETHICS.
  25. SETIAUSAHA SYARIKAT – KOD ETIKA.
  26. FUNCTIONS OF THE SURUHANJAYA SYARIKAT MALAYSIA.
  27. FUNGSI SURUHANJAYA SYARIKAT PENDAFTAR SYARIKAT MALAYSIA.

Company Secretarial Services Fee

Cheap service prices do not mean best possible services.
Even we have to pay our monthly office rentals, staff salaries, utilities and a lot of other expenses to be there just for you

Normally our Monthly Secretarial Fees are about RM 70.00 per month.

Also, we charge RM 10.00 per month for out of pocket expenses (like courier, postage and other miscellaneous charges) and RM 10.00 per month for using our office as the Registered Office of your company.

However, we can work out a special fee arrangement for you please contact us for any types of discussion.

 

SSM registration Malaysia


About SSM registration Malaysia

SSM registration
SSM registration

Every country has their own governance and abides by their own set of rules and laws once it involves company registration Malaysia. the businesses Commission of Malaysia, which regularly known as SSM is a statutory body underneath the Parliament of that country for control new company registration. SSM registration is inevitable for brand new and existing business organizations and personal and public corporations in Asian nation for de-jure running business operations. There square measure totally different set of SSM registration rules and procedures as per their own country’s rules and laws for higher management and administration of all rising corporations. The SSM was established within the year 2002 underneath the businesses Commission of Malaysia Act, 2001 so as to supply business registration services across the country. As per the foundations and laws, SSM is office that works to include new age enterprises and business organizations by checking all the wants for a sure-fire enterprise.

SSM registration – Rules & Procedure

Business in Malaysia ought to be registered underneath the businesses Commission Act, 1995 or Suruhanjaya Syarikat malaysia (SSM). corporations square measure outlined as a profit creating unit and that they exist by doing daily shopping for and merchandising of products and services as per the SSM rules and procedures. As per the rule, one ought to fill the trademark form by mentioning all the main points concerning business data and homeowners name and address and placement of the registered workplace and total numbers of partners for sure-fire registration. when the SSM granted a business name on the sure-fire application then, ensuing step is to fill the shape A form of Business Malaysia at intervals the thirty days of business operations. kind A wants data like category and nature of business, location of business, owner’s name and range of branch hooked up with one single business house. SSM registration is extraordinarily very important for each new business organizations and conjointly business name changes as per the foundations and laws of the businesses Commission of Malaysia Act, 1995.