Following the terms and conditions of naming your company post company incorporation in Malaysia makes the process go smoothly. This article highlights things you need to know if you are starting your business in Malaysia and looking forward to choosing a company name.
Rules to Decide a Name Post Company Incorporation in Malaysia
Here are the five rules that you need to keep in mind when you are deciding on a company name.
The company name should not already exist:
It is one of the primary things that the SSM professionals evaluate when assessing your company name. If your company name is reserved or it already exists, the SSM officers have the right to disapprove of it. Apart from engaging with the secretary of the company to carry out a name search for you, another simple manner is to look for your desired company name on the portal of SSM. If your company name has been already utilized by a previous business entity, it is going to show up on that list.
The company name must not be similar to the name of another business entity:
While it is apparent that no two business entities can have an identical name, the same name must be avoided particularly if the different company has an identical business nature as yours. This is one of the important criteria that SSM is a device for determining the right company.
The name should not contain terms that have the same meaning as the term company:
As the word SDN BHD will be generally added after your company name post company incorporation in Malaysia, terms having the same meaning as the term company cannot be utilized for your company name. For instance, you cannot use the terms sendirian, and company, company, corporation, and co.
Your company name can be in Bahasa, Foreign languages or even English:
It is suggested not to use particular words that are pretty general like computer and Technology. You can use terms from various languages in your company name after the procedure of company incorporation in Malaysia. However, if your company name includes foreign languages, it's your duty to explain the meaning of those words accordingly. Apart from that, you also need to provide a link to the online dictionary that depicts the meaning of the terms for supporting your application.
Your company name can include your director names as well:
The director's names of the company stated in the form for company incorporation in Malaysia can be utilized within your company name. If the terms of additional individuals associated with the company directors are to be utilized, you need to provide proof of relationship with a consent letter as well.
These are some of the terms and conditions that you need to keep in mind before you choose a company name for an SDN BHD company in Malaysia. There is a lot to do after registering or incorporating your company in a foreign land and that is why you need to follow the above-mentioned points to help you smooth and your company name in the process after the incorporation procedure.