Do you need business license to sell online in Malaysia?

Do you need business license to sell online in Malaysia?

The short answer is yes, you do. As long as you make money with your business – whether online or offline – you will need to register it with SSM. This applies whether you are running an e-commerce business, selling services online, or running a dropship business, you will need to register your business.

Do I need to register for online business in Malaysia?

Business registration (a) Similar to setting up a conventional business, online businesses are required to register themselves with the Companies Commission of Malaysia (SSM), which is an agency that comes under the purview of the Ministry of Domestic Trade and Consumer Affairs.

How can I start a small business in Malaysia?

What Are the Steps to Start a Business?

1. Decide the business type.
2. Name your business.
3. Scout for a business premise.
4. Registered office address.
5. Prepare the incorporation documents.
6. Incorporate your company.
7. Pay registration fees.
8. Issuance of a Certificate of Registration.

What is SSM license?

The Companies Commission of Malaysia (Suruhanjaya Syarikat Malaysia or SSM in Malaysia) is a statutory body which regulates companies and businesses. SSM online (ssm e-info) is offering the public to purchase the financial information and profiles of all companies that registered with SSM Malaysia.

Do you need SSM to sell Shopee?

You don’t need SSM to sell on Shopee. You can be a seller by registering your account using your data such as mobile phone numbers, google account, facebook account and others.

What are the documents required for online business?

Documents needed for starting Sole proprietorship business

• PAN card (Permanent Account Number) and valid government recognized ID proof (passport, voter card, aadhar, etc.)
• Bank statement or a copy of a cancelled cheque.
• Copy of electricity bill/ landline bill, water bill.

Do we need permit to sell online?

Nearly every state requires a seller’s permit to sell goods and services online.

How can I register my online business in Malaysia?

So, what are the steps to start an online business in Malaysia?

1. Determine your Product and Business Nature.
2. Register your Company and Business with Suruhanjaya Syarikat Malaysia (SSM)
3. Build a Website, Get Hosting, Domain Name and Email Addresses.
4. Design Your Website and Manage Your Content.
5. Start Advertising and Promotions.

How can I do online business?

The 8 steps of building an online business: —

1. Pick the right type of online business.
2. Identify a need in your market.
3. Develop your product or service.
4. Build your brand.
5. Build your website.
6. Take care of the legal side of forming a business.
7. Get your logistics in place.
8. Develop your marketing strategy.

Where can I sell online in Malaysia?

Top 10 eCommerce Sites in Malaysia | A Look-out!

• Shopee.
• Lazada.
• Lelong.
• Zalora.
• GoShop.
• eBay.
• Hermo.
• Qoo10.

Is it hard to find online business opportunities in Malaysia?

The answer is yes, and it is not hard to look for online business opportunities in Malaysia. The internet is easily accessible in most of the places in Malaysia. Just stop by Starbucks or Tealive, buy a drink and you will be connected to the cloud in seconds.

What are the requirements to set up a business in Malaysia?

In Malaysia, every business must have a legally registered local office address. Memorandum and Article of Association / Constitution Statuary Declaration By A Director Or Promoter Before Appointment Company name’s approval letter from SSM (one copy). Identity card of every director and company secretary (one copy each).

How do I get my business online?

First, determine what you want to “sell” and your business nature is the first thing you need to do to get your business online. 1. You can sell physical products, like phone accessories, through your e-commerce website. 2. You can sell services that you are capable of doing, like painting, through your portfolio website.

What are the most popular online marketplaces in Malaysia?

Online marketplaces like Lazada, 11street and Lelong are some of the most popular websites in Malaysia. So popular in fact, that, according to Alexa, they are amongst the top 50 most visited sites in Malaysia: Online marketplaces are basically websites where people can upload their products for sale.