Transitioning to new regulatory systems can be challenging for businesses. With the implementation of MBRS 2.0 Phase 3 starting 1 June 2025, many Malaysian companies face the daunting task of adapting to new digital submission requirements. Recognizing these challenges, the Companies Commission of Malaysia (SSM) has announced a late filing fee exemption to ease this transition.IRIS Business
This article delves into the specifics of the exemption, its implications for your business, and how Tramore Holdings can guide you through this period seamlessly.
Key Requirements for Sdn Bhd Registration in Malaysia
- Minimum of One Director: Must be a Malaysian resident.
- Registered Office: A physical address in Malaysia.
- Company Secretary: Appointed within 30 days of incorporation.
- Share Capital: Minimum of RM1.
- Compliance: Adherence to the Companies Act 2016 and SSM guidelines
Step-by-Step Process to Register in Sabah
Step 1: Choose a Company Name (SSM Approval)
Selecting a unique and appropriate company name is crucial. Common reasons for rejection include names that are too similar to existing companies or those that contain prohibited words. Tramore Holdings offers a name-check service to ensure your desired name meets SSM’s criteria.
Step 2: Prepare Documents (Statutory Declarations, M&A)
Essential documents include:
- Statutory Declaration by a Director or Promoter
- Memorandum and Articles of Association (M&A)
- Form 48A and Form 6
Download our free checklist to ensure you have all necessary documents prepared.
Step 3: Submit to SSM & Timeline
Once documents are prepared, submit them to SSM. The typical processing time is 5-7 working days. Refer to our visual flowchart for a detailed overview of the process.
Common Pitfalls & How to Avoid Them
- Skipping Company Secretary Appointment: It’s a legal requirement to appoint a company secretary within 30 days of incorporation.
- Incomplete Documentation: Missing or incorrect documents can delay the registration process.
- Non-compliance with MBRS 2.0: Failure to adapt to the new digital submission system can result in penalties.
Why Hire a Professional Company Secretary?
Navigating the complexities of company registration and compliance can be daunting. Tramore Holdings, with over 24 years of experience, offers expert guidance to ensure smooth approvals, especially with Sabah’s unique SSM requirements.
CTA: Let us handle your registration—focus on growing your business!
FAQ
Q: How much does it cost to register a Sdn Bhd in Sabah?
A: The cost varies based on professional fees and other factors. Contact Tramore Holdings for a detailed quote.
Q: Can a foreigner be a company director in Malaysia?
A: Yes, but at least one director must be a Malaysian resident.
Q: What’s the difference between a company secretary and a director?
A: A director oversees company operations, while a company secretary ensures compliance with legal and regulatory requirements.
The implementation of MBRS 2.0 Phase 3 marks a significant shift in Malaysia’s corporate compliance landscape. While the transition may seem daunting, the SSM’s late filing fee exemption from 1 June to 30 September 2025 offers businesses a grace period to adapt.
Tramore Holdings is here to support you through this transition, ensuring your business remains compliant and thrives in the evolving regulatory environment.
