It is possible to carry out the whole company registration process from creating an account to getting a notice of registration all by yourself without external help, but the process might be challenging. That is why you need an external source for company incorporation in Malaysia. You need to know why you cannot opt for the company incorporation process for import export license in Malaysia alone. Here’s why:
Energy and time consuming
You will need a lot of energy and time to register your account as you need to visit the SSM office after you activate your account with the help of an email for your identity validation.
Company incorporation in Malaysia would require you to go through the SSM guidelines when it comes to figuring the best business nature and naming your company. When you take professional help, you do not need to create your own account as they can advise you on choosing the company name and other data associated with your organization.
Lack of information about starting your own company
People starting their own company needs to go through the entire new learning process, backed by a lack of information on the web. You may have certain questions when it comes to deciding the initial capital of your company, adding shareholders and directors letters on, and mandatory compliance rules to follow.
A professional agency can help you clear your doubts through an in-person meeting or a phone call. Getting an import export license in Malaysia is also possible through a company secretary. It is recommended to seek professional consultation when it comes to the smooth company incorporation process in Malaysia.
Mandatory company secretary appointment
It is the demand for all organizations to appoint a company secretary within 30 days of company incorporation in Malaysia. Therefore, it is advisable to engage with the company secretary from starting of your registration process for saving yourself from the hassle of validating the account by yourself.
Professional Consulting firms in Malaysia generally charge service charges between RM 500 to RM2000 when it comes to Malaysian shareholders and directors, apart from the incorporation fee of the SSM.
Wrapping Up
These are some of the reasons why you should not opt for company registration all by yourself as there might be a lot of hustle and issues to be taken care of.
You need to follow a lot of rules when it comes to naming your company according to the guidelines of the SSM as it can help the company registration process goes smoothly. Apart from that, you don’t always are required to incorporate an SDN BHD for running a business in Malaysia but there might be some situations when you need to consider the same.
Company incorporation in Malaysia requires an annual and monthly compliance checklist to follow as you need to have sufficient knowledge about monthly and annual compliance for your business and following the compliance activities on time and help you carry out the process smoothly. Only a professional can help you achieve the same.
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