Business Registration Checklist (Sole Proprietorship & Partnership)

by

Sole proprietorships and partnerships are the two types of businesses that can be registered under the Registration of Businesses Act 1956. Here’s how to do it:

1.    Before you are allowed to register your sole proprietorship or partnership, you are required to select a name for your business. This can be done at the Companies Commission of Malaysia (Suruhanjaya Syarikat Malaysia, SSM) by filling in a business name application form (PNA.42) with the following details:

•    The proposed business name
•    Name and identity card number, if the business owner
•    Nature of business
•    Signature of the owner and the date of the application

The approval process only takes 60 minutes upon submission at SSM’s service counter (You need not go through this step if you are using your personal name as per identity card for your business name).

2.    Submit Form A (Registration of New Business) within 30 days from approval of business name. The following details are required:
•    Name of business
•    Nature of business
•    Date of commencement
•    Place of business
•    Branch(es) of business, if applicable
•    Particulars of owners of business; and
•    Partnership agreement, if any
•    Signatures of all owners

3.    Attach the following documents with Form A:
•    Approval letter of business name (from SSM)
•    Photocopies of all owners’ identity cards
•    Photocopy of Partnership Agreement, if any
•    Permit, licence, approval or supporting letter from other agencies, for businesses that require special approvals

Requirements for Business registration in Malaysia

1.    Malaysian citizens and permanent residents aged 18 and above
2.    The business must be registered not later than 30 days after commencement
3.    The nature of the business must not contravene any laws

Registration Fee for the business registration

•    Sole proprietorship using own name as per identity card – RM30
•    Sole proprietorship and partnership using trade name – RM60
•    Registration of branches – RM5 per branch
•    Business information print-out – RM10