To incorporate local company, the applicant has two options:
Direct Incorporation - the applicant needs to complete the application for company's name and incorporation through MyCoID. Fee : RM1,000.00; or
Incorporation via Name Reservation - the applicant needs to complete the information for application for company's name through MyCoID. Fee : RM50.00 for each name applied.
If the proposed company's name is approved by SSM:
Direct Incorporation - the application to incorporate the company would be directly forward via system to the officer for further verification; or
Incorporation via Name Reservation - the approved company's name is reserved for 30 days from the date of approval. The applicant then could further apply for incorporation with a fee of RM1,000.00.