Often, we can find many business owners and sole investors coming up with several excuses regarding business registration and related facts. Most of them come up with a similar issue that it is hard to find time to visit the SSM office to go through all sort of registration steps and procedures. Hence, on situation demand the Suruhanjaya Syarikat Malaysia or SSM Malaysia has come up with an excellent solution for all these business owners and sole investors. It is now possible to register a company online in Malaysia with the help of ezBiz, an online website where one can easily register their business firm sitting back at home 24/7 with the help of internet connectivity. Good old days are now over when an investor needed to visit the SSM office and waste time waiting in the que for any sort of issue regarding registering their business entity. Although, till now the registration system is not 100% online (especially for a new business owner who just started his/her business in Malaysia), the reason is very simple. It is said that the business owners have to visit the SSM office once in a lifetime to activate their ezBiz account in order to register company in Malaysia online. With the help of this ezbiz online portal one can easily perform new business registration, bring in changes to their business particulars, terminate business and can even purchase business related information. It is described as an alternative way of “over-the-counter” transactions methods for business registration policies based for Malaysia which is simple, quick and hassle-free.
Registration Method to get enrolled with SMM ezBiz online portal to register a company online in Malaysia:
The first step to do will be to visit the ezBiz Online Registration Page and simply register as an ezBiz Online User. The second step to perform will be to choose the NRIC as per Id Type and then simply type in the specific Identity Card (IC) number and fill up Name as per IC instructed. Next, the business owner or the sole investor will have to visit the nearest SSM office to active his or her own respective ezBiz account. Although it is an online service yet the business owners still have to visit the SSM head office in Malaysia once in a lifetime for the online account activation.
Two important facts that the Malaysian government and SSM authority strictly inspect to initiate this online registration method to open a company online in Malaysia are
- The company owner has to be a Malaysian Citizen or a Permanent Resident of Malaysia.
- The company owner has to be 18 years and above.
# Types of services involved in ezBiz Online Portal by SSM
- Register a New Business Online
- Changes related to Business Particulars
- Renewal of Business Online
- Terminate of Business Online
- Business Related Compound Payment through Online: New Company Registration fees, Changes of Business Particulars fees, Business Renewal fees, Business termination fees.
# Procedure to register a company online in Malaysia through ezBiz online portal.
There are few steps and procedures that one need to follow to register a company online in Malaysia through ezBiz the online portal for business registration in Malaysia. Once after being registered and activation the first step for the business owners or the sole investors will be to go to My Business Services > New Business Registration > New Business. One would need to go through five individual sections on the website to successfully register their business in Malaysia. In the Main Information Section, one would need to provide valid details like Business Company Name, Starting date of Business, Company address information and business registration period. One would need to go through the Company Name Approval policies under SSM to get permission to register their company with their desired proposed business name. Then, comes in the Branch Section part, here one would need to provide all sort of information regarding company branches (if applicable). Next step is to provide Business Code information in the Business Code Section. After that, one would have to provide the owner’s information in the Owners Section. Lastly, one would have to make payment by electronic payment methods and declare the information submitted in the Fees & Declaration Section.
# Steps to follow to run Online Change of Business Particulars from SMM ezBiz online portal:
It is very much possible that the business owners or the sole investors to commit mistake or need to update business particulars. Well one does not need to fear for these any more as they can make changes any time they want by simply going to My Business Services > Business Changes > New Business Changes. These changes of info related to business particulars will cost the business owner RM20.00 and RM10 for each Business Info print-out. Partner verification is 100% required for any sort of changes made to Business Particulars (if Business Type is Partnership). The online application system would not proceed if the business partner does not verify.
One can update the following information related to Business Particulars:
- Principal business address
- Type of business
- Particulars on branches
Note: To make Changes of information related to business owner or partners it can only be done over the counter. Which means one would need to visit the SSM in person.
Steps to follow (Register a Company Online in Malaysia) to bring in any changes to Business Particulars through online portal:
|1) Click MyBiz Services and then Click: New Business Changes|
|2) Select Business Type: Choose your business type from the list provided.|
|3) Tick the box & provide the necessary changes of main address (if applicable) Click: Next|
|4) Tick the box & provide the necessary changes of branches (if applicable) Click: Update|
|5) Tick the box & provide necessary changes related to the nature of your business & select the code (if applicable) Click: Next|
|6) Payment information will appear & tick the declaration part Click: Submit Payment|
|7) Payment information will appear & click declaration Click: Pay|
|8) Choose the method of payment by which you desire to pay Click: Submit|
|9) Receipt will appear Click: Print|
|10) Email Notification will be sent.|
|11) Click MyBiz Service >List New Registration>Approved/Reject/Query >Detail Button|
# Steps to follow for Online Business Renewal procedure by ezBiz website portal:
One can even perform a third-party business renewal by simply going to the option My Business Services > Renewal Service > Renewal by Others.Once the business owners have their online ezBiz account activated, they can simply renew their business online at any time via the ezBiz portal. The renewal period should be within a year or 12 months from the expiry date. Simply Go to My Business Services > Renewal Service > Renewal by Owners.
|Click ezBiz services: Renewal by Others|
|Insert Business Number and click “Search”|
|Tick at Compound Amount Column if one would want to pay Compound (IF COUMPOUND EXIST)|
|Tick number of year needed and validation checkbox|
|Now click “Proceed to Payment” section|
|Provide all valid payment details correctly and simply press “PAY”|
|Chose the correct payment method and click “Continue”|
|Fill up the payment details and simply click “SUBMIT”|
|Now click the tab “Click here To Return To The Portal”|
|Can print the receipt by clicking the PRINT option or simply click “PROCEED TO TRANSACTION DETAILS”|
|One will be notified by email.|
|Now “DOWNLOAD CERTIFICATE”|
One can even view all sort of Business Renewal transactions by simply going to My Business Services > Renewal Service > Renewal History.
# How to perform Online Business Termination through ezBiz online web portal
The business owners or the sole investors can terminate their active business using this SMM ezBiz online portal by simply going to My Business Services > Business Termination > New Business Termination.
# Online Compound Services through ezBiz
The business owners and the sole investors can view outstanding compounds and make compound payment through online by simply going to My Compound Services > Compound Payment. Compounds those were issued under Business Registration Act 1956 & Companies Commission Act 1965 can be paid by ezBiz Online services.
# Payment Related Issues regarding ezBiz:
New Company Registration fees for ezBiz online services.
- Personal Name — RM30.00 per year
- Trade Name — RM60.00 per year
- Individual Branch(s) — RM5 per year
Changes of Business Particulars fees in ezBiz online services.
- Change of business particulars — RM20.00
Business Renewal fees in ezBiz online portal.
- Personal Name — RM30.00 per year
- Trade Name — RM60.00 per year
- Individual Branch(s) — RM5.00 per year
- Business information — RM10.00
Business termination fees as per ezBiz online.
- No fee is required
What is the mode of payment for ezBiz Online?
Well one can make any sort of payment in the ezBiz online portal by electronic payment system – Debit Card, Credit Card, Internet Banking etc.
Business Registration Status & Downloading procedure for Business Certificate: Business owners and the sole investors will simply receive an email notification regarding their online application status. Once the registration has been approved by the authorized people working at the back office, the business owners will be able to download their registration form, certificate and business information through this ezbiz Online Portal.
Note: it was the procedure of SSM ezBiz online portal or register a Company Online in Malaysia. if you want to know about foreign Company registration Malaysia related anything you can see Malaysian parent page article in our website.