Description
- A Company Profile is an essential document that provides an overview of a company’s identity, services, mission, and corporate details. It is commonly used for business verification, licensing applications, and corporate partnerships.
- In Malaysia, companies registered under Suruhanjaya Syarikat Malaysia (SSM) are required to maintain an updated company profile, which serves as official proof of registration and compliance.
- A Company Review refers to business credibility evaluation, which includes financial status, past business performance, and regulatory compliance history. Companies often request this when entering business collaborations, government tenders, or international expansion.
GOV Department
- Suruhanjaya Syarikat Malaysia (SSM) / Companies Commission of Malaysia
- Lembaga Hasil Dalam Negeri (LHDN) / Inland Revenue Board of Malaysia (for tax compliance)
- Kementerian Perdagangan Dalam Negeri dan Kos Sara Hidup (KPDN) / Ministry of Domestic Trade and Cost of Living (for business regulations)
License Type
- Profil Syarikat & Semakan Perniagaan
- Pendaftaran Perniagaan (SSM Business Registration)
Details
A Company Profile includes:
- Company Name, Registration Number, and Business Address
- Type of Business Entity (Sdn. Bhd., LLP, Sole Proprietor, etc.)
- Business Nature and Industry Classification
- Shareholder & Director Information
- Business Financial Information (if applicable)
A Company Review covers:
- Verification of Business Legitimacy through SSM
- Credit & Financial Health Check
- Past Business Records & Compliance Status
- Legal Disputes, Fines, or Business Blacklisting History
Required Documents for Company Profile Request:
- SSM Business Registration Certificate
- Director Identification (IC/Passport)
- Tax Registration (LHDN)
Important Rules
- Mandatory Business Registration – All businesses must be registered with SSM before operating legally.
- Annual Business Profile Updates – Companies must regularly update their business profile in compliance with SSM regulations.
- Compliance with Taxation Laws – Businesses must submit annual tax returns to LHDN to maintain financial transparency.
- Proper Record-Keeping – Companies must maintain proper documentation of financial transactions, director appointments, and ownership changes.
- Business Transparency & Reviews – Companies that fail to maintain good business practices risk negative reviews, penalties, and potential blacklisting.
Compound & Punishment
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Operating Without SSM Registration – Fine up to RM50,000 or imprisonment up to 2 years.
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Failure to Update Business Profile – Fine up to RM10,000 or daily penalty of RM500 per day.
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False Business Information Submission – Fine up to RM100,000 or imprisonment up to 5 years.
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Tax Non-Compliance (LHDN) – Additional tax penalties ranging from 10% to 100% of undeclared income.
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Fraudulent Business Practices – Business suspension, heavy fines, or legal actions leading to dissolution.
Advisor
Jeffrey Eh Hao Yih , Director
Jeffrey has been providing expert guidance for businesses dealing with ongoing challenges. With his expertise, he aids clients in strategic business planning, streamlining operations, and enhancing productivity. Additionally, Jeffrey offers diverse business technology services to help digitize traditional businesses effectively.