Checklist Before Starting a Business in Malaysia
For most first-time entrepreneurs in Malaysia, getting SSM registration, business bank account, website/social media, bookkeeping in place covers the essentials before focusing on growth.
·2 min read·by Spacing Admin
1. Register Your Business with SSM
Choose the business structure that suits your needs:
- Sole Proprietorship (Enterprise)
- Partnership
- Limited Liability Partnership (LLP)
- Sendirian Berhad (Sdn. Bhd.)
Register through Companies Commission of Malaysia (SSM) and keep copies of all registration documents for record-keeping and future applications.
Documents to keep:
- SSM Registration Certificate
- Business Profile
- Partnership Agreement (if applicable)
- LLP Incorporation Documents (if applicable)
- Sdn. Bhd. Incorporation Documents (if applicable)
2. Open a Business Bank Account
Separate personal and business finances from day one.
Popular banks:
- Maybank
- CIMB Bank
- Public Bank
- Hong Leong Bank
- Affin Bank
- Bank Islam
- RHB Bank
Prepare:
- SSM documents
- IC/Passport
- Company chop (if required)
- Board resolution (for Sdn. Bhd.)
3. Register Social Media Accounts
Create and secure:
- Facebook Page
- TikTok
- YouTube
- Google Business Profile
Important:
- Display your SSM registration number where required under Malaysian regulations.
- Ensure business information is consistent across all platforms.
4. Register a Domain Name & Professional Email
Examples:
- yourbusiness.com.my
- yourbusiness.my
- yourbusiness.com
Set up:
Avoid using personal Gmail accounts for official business communications when possible.
5. Set Up Basic Branding
Prepare:
- Logo
- Brand colors
- Brand guidelines
- Company profile
- Business cards (digital or physical)
6. Build a Website
Minimum pages:
- Home
- About Us
- Products/Services
- Contact Us
- Privacy Policy
Recommended:
- WhatsApp integration
- Lead forms
- SEO optimization
- Google Analytics setup
7. Register with LHDN
Register for tax matters with Inland Revenue Board of Malaysia (LHDN).
Ensure:
- Tax file is active
- Proper bookkeeping records are maintained
- Business expenses are documented
8. Set Up Accounting & Bookkeeping
Options:
- Accounting software
- Spreadsheet system
- Hire an accountant/bookkeeper
Track:
- Sales
- Expenses
- Invoices
- Receipts
- Cash flow