A majority of Malaysian businesses are Small Medium Enterprises (SMEs)
And all of them have been vocal about the frightening consequences on the economy, especially the ones that have been hit hard by the current COVID-19 pandemic.
A majority of Malaysian businesses are Small Medium Enterprises (SMEs)
And all of them have been vocal about the frightening consequences on the economy, especially the ones that have been hit hard by the current COVID-19 pandemic.
Many Malaysian SMEs have been facing fear and uncertainty due to the global pandemic of COVID-19.
Believe it or not, because of such drastic changes, the impact of covid-19 on small businesses is severe.
Small and medium businesses in Malaysia are victims of this. Like headless chickens, they are all fearing for the sake of their business.
From Employee to Entrepreneur
In general, there are 2 types of business entities in Malaysia that suit a new startup business in the digital era. A Sole Proprietorship/Partnership, and Sendirian Berhad.
For startups with a minimum budget, you can opt to register as a Sole Proprietorship/Partnership in SSM – https://www.ssm.com.my/. It has a minimum startup fee of about RM100 per year. However, Sendirian Berhad registration will cost you a few thousand ringgit per year.
What do I need to do after registering a company?