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Mandatory 30-Day Limit: Section 5 of Act 197 mandates that any individual commencing a business must register it with SSM not later than 30 days from the date of commencement.
Eligibility: Strictly limited to Malaysian citizens and Permanent Residents (PR). Non-citizens cannot register sole proprietorships.
Offences & Heavy Fines: Under Section 12 of ROBA 1956, carrying on business without registration is an offence. Upon conviction, offenders face a **fine not exceeding RM50,000**, **imprisonment for up to 2 years**, or both.
Unlimited Liability: Owners bear full personal liability for all corporate debts. Personal assets (homes, bank savings) can be legally seized to satisfy business debts.

Expert articles, compliance guides, corporate tax details, and nominee rules written by our licensed company secretaries to help founders navigate SSM laws in Malaysia.

Incorp Academy

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