1. Establishment of One-Stop Centre for Incorporation of Companies
A One-Stop Centre to expedite the incorporation of companies has been established in the Small and Medium Industries Development Corporation (SMIDEC) since 11 August 2008. The centre operates from Mondays and Wednesdays from 9.00 a.m. to 5.00 p.m.
Key agencies involved in business registration are in the OSC. The agencies are Companies Commission of Malaysia (CCM), Inland Revenue Board (IRB), Employees Provident Fund (EPF), Social Security Organisation Malaysia (SOCSO), Royal Malaysian Customs (RMC), Bank Negara Malaysia (BNM), Credit Guarantee Corporation (CGC) and several financial instituitions and commercial banks.
The OSC facilitates the establishment of a new company, provision of advisory services on financial and business operations, application for loans and grant schemes and the checking of loan and grant application status.
The One Stop Centre is located at the 19th Floor, West Wing, Menara MATRADE, Jalan Khidmat Usaha, Off Jalan Duta, 50480 Kuala Lumpur.
2. Reduction of the charges for incorporating a company by MAICSA
The Malaysian Institute of Chartered Secretaries and Administrators (MAICSA) has agreed to reduce the charges for incorporating a company from RM3,700 to RM2,800 and the annual corporate fees from RM1,850 to RM1,200.
