What is an SSM? Why Do I Need to Know for My Business?
In every country, there are regulatory bodies for just about any public activity that one might want to undertake. One especially important body is the one that regulates a business. In Malaysia, that regulatory body is known as the Suruhanjaya Syarikat Malaysia (otherwise known as the Companies Commission of Malaysia), SSM for short.
SSM governs the registration and compliance to corporate legislation of businesses as well as provides information about these companies to the general public.
Why is SSM relevant to my company?
Did you know that it is illegal to run a business without registering it with the SSM? Being registered with the SSM makes your business legitimate, and gives you the recognition you need to make business transactions, enter into agreements, and sell to your customers.
What do I need to do?
First, you'll need to decide what business entity you would like to register. Once you've decided that, we highly suggest you take a look at the requirements that SSM lists for the registration of the business entity you have chosen. If you have chosen to incorporate a Sdn Bhd, you may choose to engage a qualified company secretary so that the registration process is smoother. Contact us to get a quote for the registration and incorporation of your Sdn Bhd.
I've registered my business. Now what?
Once you've registered your business, SSM will provide you will all the necessary forms and certification. This is official documentation that you will need to provide when performing business transactions such as opening a bank account, entering into agreements, and applying for licences.
How long does all this take?
The process of registration varies depending on the type of business and mode of application. If you'd like to streamline this process and make it easier on yourself, do consider engaging a qualified company secretary with experience in your field of business. Feel free to get in touch for us for a quick consult, to obtain a quote, or with any questions you may have.