Are you up for launching
your own business in Malaysia? If so, it is wise to gear up yourself first
before moving forward in the field. At the beginning, you need to set up your
mind. Your persuasion and commitment about the business is what it needs at
this stage. Besides, there are several information you must be aware of when
launching a new business. Here we will guide you through easy steps that will help you launch your own business in Malaysia. But first, you may thank S
& F consulting farm. A renowned destination for business registration and
consultancy, ready to assist you in business.
4. Once you know which type your business will be, it’s now necessary to make financial planning. By now you have determined your business type, and have proper plans. So, prepare and invest your capital in respect with that progress from now on. Set budget with marketing costs, launching and post-setup operations cost in mind.
5. It’s time to open a company bank account at this phase. All capital transactions in relation to the company will conducted through this account. Opening a new account will help you to manage and separate out you company capital.
6. Then it’s time to register your company name. Collect online registration forms from SSM e-Lodgment. Choose 2 to 3 names to prevent rejection possibilities. At the end, you will need to submit copy of identification card, drafted Form PNA.42, Form A, and some other forms to SSM. If papers are appropriate, you will get company registration certificate within few hours.
7. Get appropriate licenses for signboard, premises, trade etc. from state department. You will also need halal certification from respected ministries. If you are a foreign investor, consider applying for appropriate work Visas.
8. The final step is to add appropriate insurance packages for your company. Doing so ensures protection of your assets in crisis and unfortunate events.
So, here are the processes of launching a
business in Malaysia.
1. Determine the field of your business. This is the initial
step of the whole process. You must set your mind on what business you want to
involve in. This can be easier if you do some market research and determine
public demands. Try to develop products out of that demand.
2. Once you have consolidated your idea, it’s time for you to make a structured plan on that idea. You can make a visual structure or simple list tasks for your initial plan. Such plan will keep your focus still, set the timeline and business goal.
3. Next step is to choose the business type you want to develop. You have four choices of business type available in Malaysia. These are:
2. Once you have consolidated your idea, it’s time for you to make a structured plan on that idea. You can make a visual structure or simple list tasks for your initial plan. Such plan will keep your focus still, set the timeline and business goal.
3. Next step is to choose the business type you want to develop. You have four choices of business type available in Malaysia. These are:
- Private Limited Company (Sdn Bhd)
- Public Limited Company (Berhad)
- Sole proprietorship
- Partnership.
4. Once you know which type your business will be, it’s now necessary to make financial planning. By now you have determined your business type, and have proper plans. So, prepare and invest your capital in respect with that progress from now on. Set budget with marketing costs, launching and post-setup operations cost in mind.
5. It’s time to open a company bank account at this phase. All capital transactions in relation to the company will conducted through this account. Opening a new account will help you to manage and separate out you company capital.
6. Then it’s time to register your company name. Collect online registration forms from SSM e-Lodgment. Choose 2 to 3 names to prevent rejection possibilities. At the end, you will need to submit copy of identification card, drafted Form PNA.42, Form A, and some other forms to SSM. If papers are appropriate, you will get company registration certificate within few hours.
7. Get appropriate licenses for signboard, premises, trade etc. from state department. You will also need halal certification from respected ministries. If you are a foreign investor, consider applying for appropriate work Visas.
8. The final step is to add appropriate insurance packages for your company. Doing so ensures protection of your assets in crisis and unfortunate events.
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