What is the Most Convenient Way For Sdn Bhd Registration in Malaysia?

Sdn Bhd refers to the most commonly registered kind of organisation among all the 8 kinds of business entities accessible within Malaysia. Here an ordinary of 3900 regional organisations happened to be registered every month in 2019. According to the incorporation of the companies act 2016, sdn bhd registration Malaysia requirement has been made simple as for numerous key updates. This article highlights some of the steps by which you can register your company with the SSM as a Malaysian citizen for running your business smoothly within the nation.

Eligibility for sdn bhd registration Malaysia

As far as company registration in Malaysia is concerned, it requires a minimum of one shareholder and one director for registering a company within Malaysia where the shareholder and the director can also be the same person. We are required to fulfill the criteria mentioned below for being the director of the organisation.

● 18 years old and above

● Must reside in Malaysia

● Must not be disqualified as per the Section 198 of the Companies Act 2016

Before registering an organisation, it is essential to acknowledge the roles of shareholders and directors for ensuring that you do your duties and safeguard your rights within the company.

Documents and Information to prepare

There is numerous essential information regarding a company that needs to be prepared well in advance so that your company registration procedure can be seamless without any missing data. Here are some of the things that is mandatory:

● Proposed company name(s)

● Business nature and description

● Business address and registered address

● Information of directors and shareholders

● Paid-up capital

Apart from the ones mentioned, there are other two documents that you are required to prepare:

● IC for identity verification purposes.

● Authorization letter in case your proposed company name incorporates controlled words or trademark.

What is the Payment needed?

The charges you need for registering your company in Malaysia will require SSM charges of RM1,010 (inclusive of tax). There are additional charges in case you happen to engage with company secretaries for registering your company on your behalf.

Should you incorporate your company myself or tell a company secretary to do it for you?

You can go through the entire company registration procedure all by yourself without any help from others. The SSM comes with all the required data about company registration on their website and their professionals happen to be helpful in acknowledging the questions and problems that you may have. With that being stated there are also numerous obstacles that you might encounter if you choose to register your company by yourself. Here are some of them:

● Time and energy-consuming: Sdn bhd registration Malaysia procedure might be energy and time consuming. You might need to follow numerous guidelines on company naming and find out what is the right business nature of your organisation. Apart from that, the authorities can also advise you on choosing a company name and additional data associated with your organisation.

● Lack of data about starting your company: If you look forward to starting your own company initially you need to go through a whole new procedure of learning back to bi a lack of data on the web. That is always advisable to look for professional consultation for making sure that the company registration procedure goes smooth and simple.