How to Change Company Name in Malaysia

Currently, there is no law prohibiting foreign companies in Malaysia from changing their name. All laws relating to name changes apply equally to domestic and foreign companies. Therefore, foreign companies operating under Malaysian ownership are allowed to change their names. There are many examples to choose from. The most recent example is the name change from Tesco Hypermarket to Lotus Hypermarket. The name Tesco is still mainly used compared to the new name Lotus. It takes time and energy to build an empire, as well as a company`s reputation. Once the name is easily recognized by customers, a change can confuse existing customers and indirectly wipe out the company`s progress. General licenses must be updated with the new company name However, as the business grows, it can be convenient for the owner to ensure that the company name strengthens their brand in the long run. If not, it`s definitely a good way to target it to the product. Many companies find it necessary to change the name of the company to accelerate their chances of success.

It is also to avoid confusing the brand or if the target audience confuses the company`s product with its competitor with a similar name, acronym or logo. The names of the directors as indicated on the incorporation form may be used in your corporate name. If the names of other persons related to the directors are to be used, proof of the relationship must be provided with a declaration of consent. The old name must be displayed with the NEW company name for a period of 12 months from the date of the company name change. This is one of the first things SSM agents judge when evaluating your company name – whether the company name already exists or has been reserved. In addition to searching for your name from a company secretary, another simple way is to search for the desired company names on the MYDATA portal or the SSM e-Info portal. If the company name was used by an existing business unit, it appears in the list. Similar to the initial incorporation of a company, the proposed new name is subject to approval by the Companies Commission of Malaysia – Suruhanjaya Syarikat Malaysia (SSM). Our forum has answered your question. www.paulhypepage.my/forums/business-forums-malaysia/how-do-i-change-my-company-name/ Feel free to interact with us in the forum if you need more information. We are happy to help.

§ 27(1)(4) – Request and reservation for name availability Our total fee and payment for the change of company name is RM600 ONLY and includes the following: Each business name search request costs a registration fee of RM30 and is made through SSM`s MyCoID system. Currently, only the secretary of the company is authorized to perform the name search with SSM. The representative of the corporation must inform the designated secretary of the proposed change of name. It is well known that the first impression is always important. Therefore, it is always advisable to have a unique and simplified business name to reach the target audience. Although the use of acronyms in your company name is allowed when the explanation of acronyms is given, acronyms that can be confused with names associated with the following should be avoided: Since the term “Sdn Bhd” is automatically added to the back of your company name, words that have the same meaning as the word “company” will not be used in your company name. Here are some examples: Symbols can be used if they are used grammatically correct. Here are some symbols that can be used in the company name. This type of problem can be problematic for a company if its product has actually reached its target audience, but unfortunately the audience has confused the brand with its competitor, which has caused it to grow more than you. Therefore, a business name change is definitely a must to put your competitor in the shadows.

Therefore, it is good for a company to rename its name if there are long-term benefits. Certain laws govern company names in Malaysia. In some cases, changing a company`s name may result in a violation of one of these laws. Therefore, in such a scenario, the right course of action for the authorities is to cancel the name change. 📝 If you need help with the lengthy process of submitting the correct documents to the relevant authorities to change your company name, you can count on us! WhatsApp wa.me/60143248237 us to chat further. If the old name is not displayed within the first 12 months, SSM will take or penalize action. A great business name is always memorable and unique. It`s great when a company decides to change its name when the purpose of the business has changed, but there can be drawbacks that affect the name change.

Once the new company name has been approved by SSM, the company secretary must provide you with the following documents: In Malaysia, the main languages are Malay and English. However, this does not mean that all company names in Malaysia have to be in Malay or English. Companies in Malaysia can have a name in any language. However, company names that are not written in Malay or English must indicate the meaning of the company name in one or both languages. Hello, as a 100% shareholder of Company B, you can ask the officers of Company B (e.g. directors) to make changes to Company B`s name. As a 100% shareholder, you have full ownership, but officially only directors can act as representatives of the company. The person responsible for submitting amendments on behalf of a corporation once they are resolved is the appointed secretary of the corporation. The cost of a name change is MYR 150. Rebranding a business can be costly and time-consuming, as the marketing team needs to promote the rebranding process to reach their target audience. However, not all brand changes are successful. So, if the company is still in its infancy, it is highly advisable to make sure that changing the name is the right decision for the company in the long run.

Indeed, once a decision has been made, it is almost impossible to go back and the damage done to the company`s reputation can be difficult to repair. Thinking about changing the name of your Malaysian business? Contact us and we will be happy to help you manage the entire name change process from start to finish so you can focus on your business! The advantages that a company enjoys when it changes its name are as follows: There are times when a company undergoes a major transformation of its activities, the original name of the company is no longer suitable for the latest business. Or the company was bought or merged with another company, which also requires a name change of the company to rename it. Words suggesting links to activities regulated under various laws in Malaysia are prohibited in your company name. However, you can obtain written permission from relevant government authorities and professional associations to audit the SSM. Here are some laws and regulations with examples of word use: Once the SSM is approved, the secretary of the company will prepare special resolutions that the board of directors of the company may sign. For a company registered in Malaysia to change its name, the procedure for reserving the proposed name is similar to that used when the company was initially set up. It must be submitted to the Companies Commission of Malaysia – Suruhanjaya Syarikat Malaysia (SSM) via the MyCoid online application by the Secretary-General-designate. Changing a business or business name can increase the awareness a business needs to attract new customers. The process may not be as difficult, but it can be lengthy as a business name change must be communicated to several government agencies such as the Inland Revenue Board (LHDN) and bankers.

This is so that all official documents and letters reflect the last name of the company. To ensure that the target audience is reached, it is advisable that the company also changes its name to grow along with the product itself. The proposed name must not contain elements that resemble religion As mentioned above, changing the name of the company can also bring some inconveniences along the way. These disadvantages include: However, maintaining the inherited name can actually cause problems if the founders are gone or have long since passed away. Some may think that keeping the company name is tantamount to maintaining the long-standing relationship with its customers. However, over time, these customers may be taken over by a new management team who may have wanted to sever ties with your business. Reasons for the company name change? 1. Change in policy or management structure 2. Change of ownership 3.

Change of direction or business activities 4. Company rebranding activities 5. Change of name of the new shelving company 6. For some reason we will do this for you to make a change, it only takes RM450. What we need from you Your new favorite name for your business. Why wait? Let us do it for you, it only takes a few days to make a change! Something we would like to point out to you The OLD company name must be displayed with the NEW company name for a period of 12 months from the date of the company name change.