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SHAREBIZ DOT MY SDN BHD
SHAREBIZ DOT MY SDN BHD 202401002289 (1548139-T)
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How to start a Business in Malaysia - SHAREBIZ DOT MY SDN BHD

How to start a Business in Malaysia

24-Jan-2024

Before delving into the process of starting a business in Malaysia, it's crucial to ponder the fundamental question: "Why do you want to start a business?" This seemingly ordinary question holds significant importance as it aids in clarifying your intentions and understanding the motivation behind initiating the business. Once this is established, consider the following inquiries:
  • Do you possess any special skills or talents?
  • What is your plan for funding the business?
  • How much capital do you require or currently have?
  • What is your business idea?
  • Have you conducted market research for your potential business?
Commencing Your Business in Malaysia: Step by Step

1 Crafting a Business Plan
  • Regardless of the business type, a well-structured business plan is indispensable when starting a business in Malaysia. Beyond serving as a foundational element, a business idea coupled with a comprehensive plan allows you to comprehend the market dynamics and learn about your competitors.
2 Create Your Business Plan if Nonexistent
  • A brilliant business idea becomes truly valuable when accompanied by a meticulously written business plan. Initiating the drafting process involves conducting market research to understand your potential competitors, current market trends, and potential risks. A robust business plan aids in forecasting the company's trajectory, identifying challenges, and strategizing for sustainability.
3 Financial Evaluation
  • Understanding how to fund your business and the registration procedures in Malaysia is vital. Establishing a marketing budget at the outset helps determine the most suitable financing solutions for your business needs.
4 Business Startup Procedures in Malaysia
A Selecting Business Type
  • Depending on whether you are a local or foreign entrepreneur, choose a suitable business entity: Sole Proprietor, Limited Liability Partnership (LLP), General Partnership, or Private Limited Company for locals. Foreign investors can opt for a locally incorporated company, a foreign-owned company, a private limited company, a Labuan company, or a representative office.
B Choosing a Company Name
  • Every company requires a name that aligns with your marketing strategy and brand identity. Perform a name check by submitting a Request For Availability Of Name form to Suruhanjaya Syarikat Malaysia ("SSM") and paying a nominal fee for each application.
C Scouting for a Business Premise
  • A strategic business location enhances your marketing strategy by attracting potential customers.
D Registering Your Office Address
  • Every business in Malaysia must have a legally registered local office address.
E Preparing Incorporation Documents
  • Assemble necessary documents, including Memorandum and Article of Association/Constitution, Statutory Declaration By A Director or Promoter Prior an Appointment, Declaration of Compliance, company name approval letter from SSM, and identity cards of directors and company secretary.
F Incorporating Your Company
  • Utilize online submission (MYCOID) to incorporate your company with SSM within 30 days from the approval date of the company's name.
G Payment of Registration Fees and Certificate Issuance
  • Pay the registration fees and receive your Business Registration Certificate within 1 to 2 working days post-payment.
Embarking on a business venture in Malaysia involves several steps, but if uncertainties persist, consider seeking assistance from professionals such as Sharebiz, who can guide you through the process.
总办事处

SHAREBIZ DOT MY SDN BHD 202401002289 (1548139-T)
D7-5-1, Block D7, Dana 1 Commercial Centre, Jalan PJU 1a/46, Ara Damansara, 47301 Petaling Jaya, Selangor, Malaysia.

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网址: https://www.sharebiz.my
网址: https://sharebiz.newpages.com.my/
网址: https://sharebiz.onesync.my/

其他办事处

Kepong Branch
56, Jalan 2/17 Taman fadason, off, Jln Kepong, Kepong, 52000 Kepong, Wilayah Persekutuan Kuala Lumpur, Malaysia.

Penang Branch
98-3-2A, Prima Tanjung, Jalan Fettes, 10470 Penang, Malaysia.

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