Question 1

What are the two main ways to close a Sdn Bhd company in Malaysia?

Accepted Answer

A Sdn Bhd company in Malaysia can be closed in two main ways: solvent companies can undergo a Members’ Voluntary Liquidation, while insolvent or dormant companies can be closed through compulsory liquidation or striking off.

Question 2

Which method is suitable if the company has no assets or liabilities?

Accepted Answer

If your company is dormant and has no assets or debts, a strike-off is the most suitable option. It’s faster and less costly than winding up, provided all SSM and LHDN obligations are fulfilled.

Question 3

What criteria must be met to strike off a Sdn Bhd company?

Accepted Answer

A company must be inactive, debt-free, and compliant with all SSM requirements. It must not be involved in legal proceedings, have outstanding liabilities, or be undergoing investigation before applying for strike-off.

Question 4

How long does the strike-off process take in Malaysia?

Accepted Answer

The SSM strike-off process typically takes 6–12 months, depending on the completeness of documents and government review time. Delays may occur if the company has unresolved filings or pending tax matters.

Question 5

What is the estimated cost to strike off a Sdn Bhd company?

Accepted Answer

The strike-off cost ranges between RM1,000 and RM3,000, covering secretarial and government fees. Additional charges may apply for tax clearance or account finalisation before submission to SSM Malaysia.

Question 6

What are the key steps in the winding-up process?

Accepted Answer

The winding-up process includes appointing a liquidator, notifying creditors, settling debts, and distributing remaining assets. After liquidation, SSM Malaysia officially dissolved the company.

Business Guides in Malaysia

How to Close a Sdn Bhd Company in Malaysia

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