Register Your Sole Proprietorship or Partnership Business in Malaysia

WARNING: Conducting business without registration is an offence that is punishable with a fine not exceeding RM50,000.00 or imprisonment not exceeding 2 years or both.

So you decided to register a sole proprietorship or partnership as your business entity. Here is how you go about getting it registered:

How to Register for Sole Proprietorship or Partnership?

Go to Suruhanjaya Syarikat Malaysia (SSM) a.k.a Companies Commission of Malaysia (CCM) office or visit EZBIZ Portal to register a business as a Sole Proprietorship (1 person) or a Partnership (2 or more person but not exceeding 20 people).

What is the Registration Cost?

• Sole Proprietorship using the personal name – RM30.00 (e.g. Abu Enterprise)
• Sole Proprietorship using trade name – RM60.00 (e.g. Ninja Solution Enterprise)
• Partnership – RM60.00 (e.g. Fareez Shah and Partners)

What do you need to bring?

• Come up with at least 3 business names (in case a name is taken up)
• Bring a Photocopy of your Identification Card
• Completed Business Name Approval Form (Form PNA.42)
• Completed Business Registration Form (Form A)
• You and/or your partner must submit the application personally
• Moolah/Dough/Money/ Legal Tender (prepare exact sum beforehand to avoid the possibility CCM doesn\’t have money for a change)

Important Note: Use of numbers, signs, symbols, or any of the words HERE are not allowed as part of the business name.

More Important Note: If you are registering as a partnership, please make sure you sign a Partnership Agreement and deposit a copy with SSM to regulate the relationships between partners. Checkout here, I’m giving out this sample Founders Collaboration Agreement/ Partnership Agreement for free for you to use as a guide.