7 Important Steps After Company Incorporation
You may have thought to start your business right after the registration with the Companies Commission of Malaysia (SSM). Unfortunately, it is not the case. Did you just mumble to yourself, “So, what’s next?” Stay put. We will iron out the details for you.
1. Get Company Income Tax Number (C Number)
Taxpayers can register their company income tax number either through an online system or print the registration form out from The Inland Revenue Board of Malaysia IRBM’s webpage and hand-delivered it to IRBM’s branches or by postal/ fax/ emailed to the nearest IRBM’s branches.
Click here to check the supporting documents.
2. Get Employer Income Tax Number (E Number)
Apart from the company income tax number, an employer also needs to register for an E number online. Luckily, there are no supporting documents needed for E number registration.
3. Register Employee Provident Fund (EPF)
According to Section 41(1) of the EPF Act 1991, an employer shall register with the EPF within 7 days from the date the first employee is employed at the EPF counter. SSM-registered employers can apply online.
Documents to be submitted:
- Copy of SSM Form 9
- Copy of SSM Form 49
- IC copy of one director
- KWSP Form 1 (Signed and stamped)
4. Register Social Security Organisation (SOSCO)
Employers are required to register with SOCSO within 30 days from the day of employment. Employers should first register an account with the Pertubuhan Keselamatan Sosial (PERKESO) Assist Portal.
Documents needed:
- Employer’s Registration Form (Form 1)
- Employee’s Registration Form (Form 2)
- Other Supporting Documents according to your Company Type
5. Register Human Development Research Foundation (HRDF)
The HRDF levy is a mandatory levy payment collected by the Human Resources Development Fund to enable employee training and skills upgrading of the Malaysian workforce. According to Regulation 4(1) of the PSMB Act 2001, employers are required to register with HRDF from the date they are obligated.
Documents needed:
- Copy of SSM Form 9
- Copy of SSM Form 24
- Copy of SSM Form 49
- Company Profile/Annual Return/Financial Statements or any documents that state the activity of the company
- EPF statement
- HRDF Form 1 and Form 1a (Counter registration)
These documents can be submitted online or to the PSMB counter.
6. Get Your Business License
You need a business license to run your business. Depending on your business type and location, there will be different documents needed. If you wish to have a signboard for your business, then you shall need to apply the Signage Advertisement License as well.
For more information on applying licenses: Get Business License Malaysia through CORPSO. Fast, Easy & Safe
7. Register Sales and Service Tax (SST)
Last but not the least, you are required to register SST for your businesses’ manufactured products or services. However, you shall check first whether your business can be exempted from paying these taxes.
To know more about SST registration: Malaysia Sales and Service Tax (SST)： What do SMEs need to know about it?
The beginning is always the hardest. With CORPSO, you can chill while acing all the aforementioned regulatory documents. Contact us now. Let us guide you throughout your registration process!
