Business info

Looking for a guide to conduct SSM Company Search before deciding your company name? You are at the right place. Here’s what you will learn: SSM and Malaysia’s Company Name database Why do we need to conduct the SSM Company search Where to conduct the SSM Company search How to conduct the SSM Company search (Step-by-step) SSM and Malaysia’s Company Name database The SSM (Suruhanjaya Syarikat Malaysia), also known as the Companies Commission of Malaysia is the statutory body formed in Malaysia to regulate companies and businesses that are legally registered and operating in Malaysia. It was formed as result of a merger between the Registrar of Companies (ROC) and the Registrar of Businesses (ROB) in Malaysia. SSM-einfo.my reported that there are a total of 1,267,941 companies registered under Suruhanjaya Syarikat Malaysia (SSM) as of 30th April 2018, with 1,263,165 local and 4,776 foreign companies. 7,062,...

Services and manufacturing are major contributors with combined share of 82.4% SME exports increased to RM171.9 billion in 2018 from RM166.2 billion in 2017   Overall performance of small and medium enterprises (SMEs) in Malaysia is on track to achieve the target of 41% to GDP by 2020 as envisaged under the Dasar Keusahawanan Nasional 2030 (DKN 2030) recently launched by the Ministry of Entrepreneur Development. SMEs recorded a higher contribution of 38.3% to GDP in 2018 amounting to US$126.3 billion (RM521.7 billion) as compared to 37.8% amounting to US$117.9 billion (RM491.2 billion) in 2017. Based on data released by the Department of Statistics Malaysia (DOSM) on Aug 1, SMEs registered a growth of 6.2% in 2018 (2017: 7.1%), slightly above the long-term average growth of 6.0% (2001 - 2017). SME GDP growth continued to outperform overall GDP growth of 4.7% in 2018 (2017: 5.7%). In terms of sectorial contribution, the services and manufacturin...

In Malaysia, there are vast opportunities to establish a business due to its robust economy and government initiative to promote entrepreneurship, competition and innovation in the workforce. Not only limited to locals, but foreigners are also allowed to set up a company here. There are different type of company or business entity in Malaysia and a business entity is an organization formed voluntarily to carry out activities of trading goods or services to consumers for profitable gain or charitable purpose. Each organization is determined by its business plan which include the outcome of its operation and main activity. Most of the business entities are privately owned and administered by few individuals. In Malaysia, one of the most common type of business entity is the private limited company. Private Limited Company or Sendirian Berhad (Sdn Bhd) A private limited company by shareholding is known as Sendirian Berha...

Malaysia is a growing economy, and its GDP is predicted to touch almost 5% this year. This growth is largely credited to the great increase in the number of imports, particularly imports of semiconductors, and precious as well as non-ferrous metals.  2020 is naturally considered the best time to invest in a business opportunities in Malaysia as the business scene is Malaysia has been strong the past couple of years, and promises to increase further in the coming years. The growth in economy is not just limited to the import industry, but also to other industries such as housing and real estate. It is no surprise then, that a lot of businessmen and entrepreneurs are itching to start a new business in Malaysia. Although there is a lot of competition, there is still scope for exponential growth if you are looking to get a piece of this action. The key is to carefully pick a business niche and become the best at what you do. Forming a new company in Malaysia will not ...

Slowly but surely, we are seeing more developing countries catching up in the ease of doing business. This is a signal for the world’s top performers that in order to remain competitive, they need to sustain the best possible pace of reforms and as of now, the potential for these economies remains largely unexploited.  What this means for Malaysia, a developing economy and a global leader in the  World Bank’sDoing Business 2020 rankings , is that tapping into this potential could benefit the economy by further improving its business climate and fostering entrepreneurial activity, job creation and investments.  Malaysia has seen a steady improvement in its business climate for domestic small and medium-sized enterprises, moving up three places to a global rank of 12th out of 190 economies in the latest rankings. The consistent efforts to make regulations more efficient, accessible and simple have facilitated a conducive business environment for Malaysia’s l...

Starting a new business comes with its fair share of challenges. From  registeringyour business  to getting funding to kick-start your venture, it takes a lot of gumption to make it work, no matter what the challenges are. For those looking to get their business funded, here are seven suggestions on how and where you can obtain funding. 1. Government grants and loans Government grants and loans seem to be the top choice for many entrepreneurs seeking funding for their business. It may be because some government loans do not require a guarantor or collateral, have no profit rate, and do not impose a processing fee since the government has been actively encouraging innovation and entrepreneurship. This is in line with Prime Minister Dr Mahathir Mohamad’s Vision 2020, which is to establish a prosperous society with an economy that is fully competitive, dynamic, robust and resilient. As such, aspiring business owners can consider the following resources provide...

As an emerging market, there is an abundance of business opportunities in Malaysia. With the launch of the Digital Free Trade Zone (DFTZ) in November 2017, the most obvious opportunity lies in e-commerce. In fact, the Malaysia Digital Economy Corporation (MDEC) projects e-commerce growth in Malaysia to reach 21% by 2020. Malaysians, as well as people around the region, can benefit from the DFTZ by launching their own online businesses and even exploring cross-border e-commerce. But e-commerce isn’t the only opportunity available. Conventional business models like franchising and F&B are thriving in Malaysia as young people spend more of their offline money on experiences rather than buying things. Regardless of whether you want to participate in the growing digital economy in Malaysia or take on a more traditional path, I have compiled 10 business opportunities in Malaysia I think you can take part in. Let’s take a look at them below: (I’ve ordere...

You want to  start a business in Malaysia  but you have no idea about where to start. Relatable? Yup, that’s how we felt when we first started Kairos. Rest assured, don’t panic. You have come to the right place. Let us guide you on the right path. First of all, you need to register your business or company with Suruhanjaya Syarikat Malaysia (SSM). They handle all the registration for all businesses in Malaysia, no matter how big or small the business may be. The whole process is super simple and we will show you step-by-step on how to go about registering your very own business or company in Malaysia. Without further ado, let’s jump right in. How to Register a Business in Malaysia with SSM: 5 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 tradename so that it will look prof...