How to Register a Business in Malaysia with SSM: 4 Steps
Step 1: Think Of At Least 3 Names for Your Business.
Get your business at least three names. It is recommended
that you do not use any of your personal information in any one of them.
We suggest using a trading name so that it will look
professional. “Ali Tech” and “SFM Tech”, which sounds more professional?
Pretty sure you get what we mean.
So, getting back to the point, you need at least three
alternative names to write down on your “Borang PNA 42” form (we will get into
what this form is in a minute). Only one of your chosen names will get approved
for the company. Hence, think of names that would be:
Striking
Catchy
Appropriate for your business
What is the difference between Business Name and Trade Name?
Don’t get confused between what means as a business name and
a trading name.
A business name belongs to the person or entity that owns
the company. You use your business name to fill up government forms and
applications. For us, this would be SFM Technologies since that is the
registered business name.
In contrast, the trade name is different. Owners can use the
trade name for marketing and sales purposes. This is the name that you put it
out there for the public to see. For us, this would be just Kairos, since it is
more catchy and easier to identify and a whole lot easier than to type “SFM
Technologies”.
It is highly suggested to use the same term or similar (like
how we did) for both business names and trade names to avoid any uncertainty.
Some guidelines to follow:
Use the correct language and without spelling errors.
Do not use a name that is too general E.g. Technology
Resources. It needs to be straight to the point!
Do not use a name that is similar to a name that has been registered.
Strictly do not use vulgar, insulting or misleading in terms
of identity and object.
Do not use a word that represents religious or political
elements
Do not use names related to activities controlled by
employment agencies or by a profession.
Use numbers if only needed and appropriately.
Step 2: Checking If Your Names Are Available.
Save yourself some bucks, by checking the name availability with SSM (Suruhanjaya Syarikat Malaysia) online system.
By taking a brief look at the registered company names at
SSM’s registry of companies, you will get a better idea to decide your new
company name.
This way you can avoid using similar existing registered
names and reduce the chances of being rejected by SSM. It also will save you
from getting yourself possible additional charges payable to SSM.
Follow these simple steps for SSM Company Name Search Online
:
- Visit to www.ssm-einfo.my
- Click on the blue button that says, Register
- Fill in the e-Registration Form and then submit.
- Once you’re done you should be You will get a pop-up asking you to Please login now. If you do not get the pop-up, you can simply click on the green Login button located right next to the blue Register button you clicked earlier.
- Now simply, log in with your username & password
- After successfully logging in, click on the icon >> Search
- Enter your planned business name in the search box By Name
- That’s it! The name search result from SSM will be displayed!
If you are not able to go through the steps above to
identify if your desired business name is available. You can add a comment
below and we will help guide you.
Back to the topic at hand, if the name you wanted has been
taken, it will be listed down in a table. The search result will return empty
if your desired name has not yet been registered with SSM. Do not worry if your
desired business name was not what you had exactly in mind. You will think of
something even more special!
Step 3: Completing Borang PNA 42.
You can get the Borang PNA42 from here:
A business name acts as the brand of your products or
services you provide. The business name can be grouped into two types according
to the Guidelines For New Business Registration:
The owner’s personal name as stated on the IC (identity
card) is not required in the application for approval of the business name. For
example, Azhar bin Maiden, Fuk Kin Wong or, Ranjith a/l Muthusamy.
Trade Name which is the chosen name for your business. This
name must be approved in advance by the Registrar of Business at Suruhanjaya
Syarikat Malaysia. For example, Kedai Dobi Moden, Heaven Garden Catering, or
Mewah Enterprise.
For trade Name registration, you need to propose your top
three desired names for your company and fill it up in the first section of
Borang PNA 42, then fill up the type or nature of the business you are going to
operate.
No business according to Rule 15 under Rules of Business
Registration 1957, shall be registered by a name which contains:
Any term implying a connection with the Yang di-Pertuan
Agong, the Raja Permaisuri Agong or the Ruler of a State or a member of the
Royal Family or Royal patronage, including such words as “Royal” or any
equivalent expression;
Any term that implies a connection with the Federal or a
State government department, constitution body, authority or agency or any the municipality or other local authority, including such words as “Federal”,
“State” or “National”;
Any word implying a relationship with any ASEAN,
Commonwealth or other foreign government or with the United Nations or any
other international bodies;
The word “Chartered” or any terms implying a connection with any Society or
body incorporated by Royal Charter;
The words “Association”, “Union”, “Foundation”, “Trust”,
“Forces”, “Co-operative”, “International” or any equivalent expression;
Step 4: Completing Borang A.
You can get the Borang A (Borang Pendaftaran Perniagaan)
here:
Fill in the necessary details required. The previous (Borang
PNA 42) that you had completed earlier should be attached along with this form
(Borang A) if you are registering a new business and a new trade name.
Mr Pedro is absolutely incredible. He’s been so responsive, so patient & honest, and just wonderful at his job as a loan officer. I will buy every future house with him if I ever move in DC. He’s just the absolute best.”
ReplyDeleteI will recommend anyone here looking for loan to contact a loan officer Pedro on Email... pedroloanss@gmail.com