Keeyaa offers professional assistance in registering Sole Proprietorships and Partnerships under the Registration of Businesses Act 1956, ensuring a quick and compliant setup for your small business. This is the most straightforward and cost-effective way for Malaysian entrepreneurs to start operating legally.
To register a Sole Proprietorship or Partnership in Malaysia, you must meet the following criteria:
Usually within 1 working day if all documents are complete and approved by SSM.
No, only Malaysian citizens or permanent residents can register under this structure.
Yes. Profits from both are taxed as personal income of the owner(s), but Partnership income is split among partners.
Yes, you must renew it annually or every three years, depending on your chosen registration term.
Yes, you can, but it will require a new company registration process under the Companies Act 2016.