It is important to note that Sarawak Business Registration is a time-consuming process. Furthermore, the whole process is tiring. Also, there is very little information available for the new business owners who are looking to register a business in Sarawak.
Registration of new business in Sarawak goes through Lembaga Hasil Dalam Negara (LHDN) instead of the traditional Suruhanjaya Syarikat Malaysia (SSM). The downside is there is no online process like the SSM.
Business in Sarawak is not governed by the Registration of Business Act (ROBA) 1956. It is governed by the Ordinances provided below:
Sarawak Business Registration can be completed in 3 weeks’ time. We will suggest some steps required to register a business in Sarawak. Follow the steps provided below:
The mass public will know your business by the name you select. It is important to select an appropriate name for your clients. Keep in mind that the name must be related to the nature of your business.
We will suggest researching the names in Sarawak. Get the ideas of the businesses. See if your name is already registered or not. For registering at LHDN you have to prepare at least 3 names for your business and its nature.
Online business has been on the rise. Having a physical office will have a positive effect on your business. Make sure your location is in a suitable place. A place where your clients or customers can come easily. After you find the ideal location talk with the property agent. If you don’t have enough capital then renting is also a good way.
The documents required for LHDN
You have to check your name before you register. In addition, you have to go to the LHDN office in Kuching Sarawak. Go to the Business Name Search counter / kaunter Pencarian Nama Perniagaan (PNP).
You can get a Business Name Search slip. Fill up the slip with the three name choices of your business and other information needed. The officer of LHDN Kuching Sarawak will let you know which name is available. He will give you a checklist of documents required to be attached to an A3-sized form.
The nature of your business will determine the extra documents required as further documents or approval letters might be required.
If you don’t have your Tenancy Agreement stamped then you have to get it stamped at the Stamp Duty counter before submission. You also have to create a business stamp with a complete commercial address. Remember that you only have 10 days to complete your business registration in Sarawak. Creating business will take between a few hours to a few days.
After you have completed the previous steps, go to the LHDN office. In like manner submit all the forms and necessary documents at the PNP counter. Also, don’t forget to ask for a receipt. You will need it to collect your trade license. Preparing a trade license takes about 2 weeks.
For collecting your business license you have to take your payment receipt back to LHDN office. Go to the counter where you submitted your forms and collect your business certificate.
Your business nature will determine the place you choose. If your nature of business is a Construction Company then Kuching Sarawak can be a good option. Currently, the number is low so you can have a good business. Some names of Construction companies in Sarawak are:
Business registration in Sarawak can be time-consuming and hard. Although there are a lot of companies in Kuching Sarawak. Some are well established. The list of company in Sarawak are:
The people of Sarawak are from different races and beliefs. Likewise, it is common to see mosques, churches, and temples built close. The work time for Malaysian people is 9 AM to 5 PM from Mondays to Fridays. Similarly, shopping centers are usually open from 10 AM to 10 PM regularly. Visitors need to fill up an immigration form upon arrival. Sarawak immigration rules can be strict. Everyone entering the country must have a valid Passport. They should also have internationally recognized Travel Documents.
Foreigners must apply and get visas in advance before entering the Country. But a visa is not a guarantee that the holder will be allowed to enter the Country.
Immigration Laws in Malaysia are governed by the Immigration Act, 1959/63 and apply to both West and East Malaysia. But, the state Government in East Malaysia including Sarawak keeps a higher degree of local government autonomy. This causes different immigration requirements and practices by the immigration authorities.
The state government of East Malaysia is independent of West Malaysia’s central government. If you want to put employees in East Malaysia you should understand the immigration options. Furthermore, there are restrictions in each territory. To get a work permit you have to understand the immigration options and process we discussed above.
It usually requires a lot of planning. There is no single work permit that allows for working in all parts of Malaysia.
Sarawak Business Registration can be lengthy and hard. If you see the process of SSM then this process will look tough. We have given steps on how to Register Business in Sarawak. The opportunities are high but startups can be challenging. If you are a foreigner or from another part of Malaysia, you should follow this article's guidelines.
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