Online SSM Registration for New Company in Malaysia

Online SSM Registration for New Company in Malaysia

There are many opportunities for young Malaysian people to participate in entrepreneurship as today is the era where entrepreneurship is highly admired. Small businesses thrive in Malaysia be it a supplemental income source or passion project. This is so critical to every new entrepreneur as well as existing ones because they have to register their companies with the Suruhanjaya Syarikat Malaysia (SSM).

The hectic schedule of the business owners may make it impossible to visit the SSM registration office. Luckily, SSM can be registered online at the Companies Commission of Malaysia EzBiz portal. For instance, this online process is helpful as it eases the registration of sole proprietorships and partnerships, making sure setting up your company smooth. In this regard, a manual to get you started and formalize your business venture via online SSM registration is provided below.

What is SSM Registration?

It is important to observe law by registering your company with SSM within 30 days of initiating your business, as directed by the Malaysian law. SSM acts as the regulator of all entities running business in the country. Registering has traditionally involved physical attendance at the SSM office, however, the EzBiz portal provides an alternative convenient online avenue.

EzBiz, the official SSM website, makes different business processes easier. It allows entrepreneurs to register new companies, update business details, and process terminations efficiently. This online portal is a convenient, easy, and straightforward way of dealing with SSM affairs. The easier and quicker option would, thus, be EzBiz SSM online registration rather than the conventional in-person approaches.

What’s the necessity for involving SSM in registering a new Sdn Bhd company in Malaysia?

Due to the regulations, there is a requirement for SSM online registration of new companies in Malaysia. Pursuant to SSM, any sort of profit making business enterprise, craftsmanship, profession or other activity except those provided under ROBA 1956 should be registered within thirty (30) days of commencing their operations.

On this note, SSM’s online registration provides legal status of the business and companies. Malaysia has payment gateways such as eGHL, iPay88, among others which can only be accessed by the legally registered entities. The EzBiz platform offers a wide range of other services that are very useful to the company.

How to Online Register SSM in Malaysia for SDN BHD?

Create EzBiz Account:

  1. Go to EzBiz Portal.
  2. Click – New User Registration.
  3. ID type select NRIC, ID NO to key in your IC without “-”, Fill up your name as per IC.
  4. Provide the requested information accordingly. Click, at the Declaration part, and then save.
  5. An email with your reference number will be sent to you.
  6. To activate your account, Attach mandatory documents as follows:
    • Front and back copies of your Identity Card in the MyKad/MyPR upload section.
    • Upload section – example selfie with clear image of the applicant holding the identity card at chest level.
    • Submit one official document like a driver’s license, passport, birth certificate, utility bill, or any document under your name.
  7. Then you will be sent an email informing you that your EzBiz account has been activated.

SSM Business Online Registration:

  1. Go to EzBiz Portal.
  2. Select My Business Services. Click New business under New Business Registration.
  3. Provide relevant information about your business.
  4. After it has been created you could pay according to your preference.
  5. When payment is complete, SSM will send you an email and wait for 3-5 business days for the process.
Online SSM Registration for New Company in Malaysia

SSM New Registration Online for SDN BHD in Malaysia

What has been previously mentioned is about the SSM online registration that applies to sole proprietorship and partnership businesses in Malaysia. However, registering a Sdn. Bhd. While it is different, companies online through SSM have their own procedure. Sdn. This is the most common form of company registration in Malaysia and is referred to as Bhd. (Sendirian Berhad), meaning a private limited company formed by shares.

8 Steps to Register SSM for Sdn. Bhd. company:

  1. Account registration on MyCoID portal.
  2. Verification of ID and creation of account at the closest SSM counter.
  3. After activation of your account, login details of MyCoID will be sent to your email address for future reference.
  4. Click Direct Incorporation Application. In the field of Name Search, type in your suggested company’s name and click Search for company name availability. Enter others needed information, give it a name (if available) and finally hit the Submit button.
  5. You shall be directed to Super Form. Fill in the required details. Once you complete this, click “Save”.
  6. Click at the Declaration Section. Click Submit.
  7. It will redirect you to the Transaction page. Pay in the way you prefer.
  8. Once the payment is successful, you will get a transaction receipt and Notice of Registration by email which will indicate that your company was incorporated.

Seamless SSM Online Registration in Malaysia with FastLane Group

The online registration process for a sole proprietorship or partnership business is not that difficult. However, this is not the case when it comes to the online registration system for a Sdn. Bhd. it may be somewhat difficult for a company. However, Fastlane group’s service can enable you to skip all of that. Hassle free registration for a new Sdn. Bhd. companies with SSM. You need to send us an inquiry and get your brand-new Sdn. Bhd. company swiftly registered.