How to Renew, Register SSM Online 2024 via EzBiz

If you are starting or planning to start a business and still do not know how to register with SSM online, this guide can help you become a legitimate business owner. Registering your own company in Malaysia is not a complicated process as you only need to follow a few simple steps to register your company under the Companies Commission of Malaysia (SSM). This article will explain how to register with SSM online for your guidance.

Register SSM Online: What Is SSM and Why You Should Register?

SSM (Suruhanjaya Syarikat Malaysia) is a statutory body formed by the merger of the Companies Commission of Malaysia (CCM) and the Registry of Businesses (ROB). SSM’s main role is to act as an agency that regulates companies and businesses.

This means that SSM is responsible for managing business registration and corporate law through comprehensive enforcement and monitoring activities to maintain positive development in the country’s corporate and business sectors. If your business does not register with SSM, action can be taken against your business as SSM has made it mandatory for all traders, whether physical or online, to obtain a valid license.

Business owners who do not register with SSM may be subject to action under the Registration of Businesses Act 1956. If convicted, business owners may face imprisonment for up to two years or a fine of RM50,000 or both.

Register SSM Online: 5 Advantages You Must Know

As a business owner, you need to register with SSM, especially if you are just starting a small business. Actually, registering your business is a worthwhile thing to do because your business will enjoy various benefits. Here are the advantages of registering your business:

1. Your Business Is Now Legal and Recognized

Once you register with SSM, your business will be recognized as a legal entity under the law. The Registration of Businesses Act 1956 states that any business that generates income must register with SSM.

2. More Trustworthy to Customers

With various scams and frauds in online selling, many people are hesitant to buy goods, especially online, as they may have doubts. When your business has an SSM number that proves it is a legitimate business, people will feel more confident to do business with you.

3. Able to Open a Current Account

You can apply to open a current account for your business. With this, you can separate your business account from your personal account. Did you know that if the bank finds that there are many transactions going in and out of your personal account, your personal account can be frozen on suspicion of using it for business purposes? Therefore, registering with SSM is essential so that you can open a current account.

4. Can Apply for Business Assistance and Loans

As a registered business owner, you are eligible for various benefits and facilities provided by the government. Not only that, the government can also obtain accurate data and information to implement various development programs and provide facilities for small traders and business owners. The following are among the assistance provided for registered traders:

1. 1. 1. 1. Insurance protection such as business insurance;
         2. Credit facilities;
         3. Courses and training;
         4. Good repair benefits for business premises;
         5. Others

5. Low Registration Cost

The cost of registering your business with SSM is relatively cheap, estimated at less than RM60 per year. You no longer have to worry about the risk of being fined RM50,000 or imprisoned for two years for not registering.

SSM Registration Requirements

The following are the SSM registration requirements that you must meet before applying for a business license:

• The owner must be a Malaysian citizen or permanent resident;
• The owner must be 18 years of age or older;
• Only the owner/partner is allowed to make the application.

Business license SSM: How to Register and Renew SSM Online

You can now renew and register SSM online through the EzBiz platform. Follow the guide below to learn how to renew and register SSM online:

The Process of Registering SSM Online Through EzBiz

Here is a guide on how to register for SSM online:

1. Identify the Type of Business and Business Name

Identify the type of business you want to register, whether it is a sole proprietorship or a partnership. For choosing a name, it is recommended to shortlist a few options because the name you want may already be taken by someone else.

2. Register as an EzBiz User

EzBiz is a platform provided by the Companies Commission of Malaysia to facilitate business registration online. For first-time registration, follow these steps:

1. 1. 1. 1. Visit the website https://ezbiz.ssm.com.my/;
         2. Click the SIGN UP button for first-time users;
         3. Select NRIC as the ID TYPE;
         4. Fill in the required fields such as your NRIC number and full name;
         5. Press REGISTER.

After completing the above steps, you are now registered as an EzBiz user. However, please note that you have not yet registered your business with SSM.

3. Go to SSM Counter to Activate EzBiz ID

To proceed with business registration, you need to visit any SSM or UTC counter near your home. You will need to bring your NRIC and the notification received in your email. After that, you will activate your ID by making a biometric verification (fingerprint) for information security purposes. After completing the information, you will need to obtain your IC verification at the SSM counter.

4. Log In to EzBiz Website Again and Register SSM Online

Once your ID has been activated, log back in to EzBiz. Then, to register your company with SSM, select the MY BUSINESS SERVICE menu. Select the NEW BUSINESS tab under the NEW BUSINESS REGISTRATION submenu.

Fill in the business information through the New Business Registration Form (Form A) by providing details such as:

1. 1. 1. 1. Business name;
         2. Business starting date;
         3. Main business address;
         4. Branch business address (if any);
         5. Owner and partner information;
         6. Type of business to be conducted;
         7. Submit a copy of the partnership agreement (if any).

5. Make SSM Payment

Next, you need to make the SSM fee payment. The following are the SSM registration fees:

6. Wait for SSM Approval

After making the payment, you need to wait for approval from SSM. If successful, you will receive a notification of confirmation from SSM. After that, the Business Registration Certificate can be obtained within an hour from the time of payment.

How to Renew SSM Online?

If your SSM license has expired, it is recommended that you renew your SSM license immediately. This is because an SSM license that has been expired for more than a year cannot be renewed and needs to be registered again. To renew your business license or renew SSM online, please follow these steps:

1. Visit the website https://ezbiz.ssm.com.my/;
2. Login using your registered and verified ID and password;
3. Click on the My Business Service section and select Renewal by Ownersb;
4. Click on the Action icon to proceed with the business license renewal process;
5. Check the business information and complete the Online Business Registration Renewal Form (FORM A1);
6. Select the desired business renewal period (from one year up to five years);
7. Make the payment using the selected transaction method, such as debit card, credit card, online banking, or over the counter;
8. The Business Registration Certificate can be obtained within 15 minutes after the payment transaction is made.

Make Sure to Register Your Business by Registering Your Company With SSM

Now, renewing and registering SSM is easier with the convenience of online services provided by the EzBiz platform. As explained in this article, there are various advantages that you enjoy as a trader with an SSM license. If you meet the requirements set for registration, it is recommended that you register as soon as possible.

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