How to Register Your Company as Sdn Bhd in Malaysia?
The popularity of such companies has greatly increased since the implementation of the Companies Act 2016 because the process has become extremely straightforward and easy to follow.
In this article, you will find important information about Sdn Bhd companies and how to register your company as Sdn Bhd in Malaysia. Let’s start with some basics:
What is a Sdn Bhd Company?
Sendirian (Sdn) Berhad (Bhd) is a private limited company in Malaysia. According to the Companies Act 2016, a Sdn Bhd company should have at least one director and one shareholder.
It is quite different from other types of company registrations in Malaysia that require at least two directors.
Therefore, even if you do not have business partners, you can register a Sdn Bhd company and act as the sole director and shareholder of the company. A Sdn Bhd company can have a maximum number of 50 shareholders.
Eligibility of a Sdn Bhd Company
The same person can hold both of these positions. You can become a director of a Sdn Bhd company if you fulfil the following requirements:
- You are over 18 years old.
- You are a resident of Malaysia.
- You can fulfil the other requirements of the Companies Act 2016 to hold the position.
Documents Required for Malaysia Company Registration (Sdn Bhd)
You will need some important information and documents related to your company. The following is the essential information that you must show in your company registration documents:
- Company name
- Nature of the business and further details about the business model
- Company address
- Information about the director(s) and shareholder (s)
- Passport / MyCard for verification
- Authorization letter for trademark purposes
The cost of registering a Sdn Bhd company in Malaysia is RM1,010 (including tax).
Steps to Register Your Company as Sdn Bhd in Malaysia
- First of all, visit the online MyCoID portal and register an account.
- Once you have registered an account at MyCoID portal, you will have to verify and activate it through an SSM counter.
- You will receive your verified login credential via e-mail.
- Now that you have registered on the MyCoID portal, you should visit the Direct Incorporation Application and search the proposed name of the company. If the name is already taken or contains inappropriate words, you will not be able to go through with the registration process.
- The specific search option for Sdn Bhd companies should be utilized to make sure you are following the complete Sdn Bhd company registration process in Malaysia.
- You will have to complete a Super Form that contains information about the meaning of your proposed company name. If the name contains some controlled trademark, you will have to attach a letter of authorization as well.
- A suitable business code should be selected according to the nature and description of your company.
- You will have to enter the name and details of the director and shareholder of the company. The MyCoID portal will automatically list you as a director and shareholder of the Sdn Bhd company, but you can add more names as well.
- On the final page, you will be able to review all the information and make any necessary changes. Once you click the submit button, you will be redirected to the transaction page.
- After paying a fee of RM1,010, you will receive a transaction receipt and your application will be submitted.
In a Nutshell
By following the steps above, you can easily register your company as Sdn Bhd in Malaysia.
If you are facing issues in preparing the required documents or need professional help, you can rely on the services provided by accounting firms in Malaysia that also include company registration.
Generally, the process is not difficult, and it takes 1-2 business days in which you will receive the Notice of Registration upon the approval from SSM.
For more information, feel free to get in touch with us.
