Understanding Business Profile
A Business Profile, also known as a Company Profile, is an official document that provides essential details about a registered business in Malaysia. Issued by the Companies Commission of Malaysia (SSM), it serves as a comprehensive record of the company’s key information, including:
- Company Registration Number (CRN)
- Date of Incorporation
- Business Address
- Details of Directors and Shareholders
- Nature of Business (based on the Malaysian Standard Industrial Classification – MSIC)
- Paid-Up Capital and Authorised Share Capital
Importance of a Business Profile
A Business Profile is a vital document for a variety of purposes:
- Legal Verification: Confirms a company’s registration status and legitimacy.
- Banking Needs: To open a corporate bank account or apply for business financing.
- Tenders and Contracts: Often requested by government agencies and private companies during tender submissions.
- International Use: Can be notarised, legalised, and certified by a relevant Malaysian embassy for overseas transactions.
How to Obtain a Business Profile in Malaysia
- Access SSM’s Online Portal:: Visit the SSM e-Info portal or log in to the MySSM account.
- Search for Your Company: Enter the company name or registration number to locate the business.
- Make a Payment: A nominal fee (usually under RM20) is required for the document.
- Download the Profile: Once payment is completed, the Business Profile can be downloaded instantly.
Additional Notes
The Business Profile is typically delivered as a PDF file. It should be updated to reflect any changes in the company’s details. Regularly obtaining a fresh copy ensures that all information is current and accurate for official transactions.
The Business Profile is an indispensable tool for Malaysian businesses. It supports transparency, facilitates compliance, and enables smooth operations in local and international markets.
