KUALA LUMPUR – The Companies Commission of Malaysia (SSM) will formulate a suitable method to enable youth and single mother entrepreneurs to benefit from the free business registration scheme, the Dewan Rakyat was told.
Domestic Trade and Consumer Affairs Minister Datuk Seri Alexander Nanta Linggi said the effort would spark interest in business and encourage increased participation.
“(This can) generate additional income to support their daily lives and in turn boost the growth of the country’s business sector,” he said during question time.
He said this in reply to Cha Kee Chin (PH-Rasah) who wanted to know if SSM had provided any assistance for people with disabilities, women, youth, and students new to business.
Nanta said people with disabilities could take advantage of the 1 PwD 1 Business Scheme available from SSM since October 23, 2012, to register new businesses and renew business registrations for free.
The minister said SSM also encouraged full-time public and private higher education students to register their businesses for free via the One Student One Business Scheme introduced in 2017.
Nanta also said the ministry had, through SSM, implemented eight inclusive initiatives to reduce the burden and pressure faced by traders and corporate sectors due to the pandemic.
These include a 30-day moratorium period from the last date of the movement control order for the submission of SSM statutory documents, waived fees for statutory documents filed late, and time extensions for filing financial statements to SSM. – Bernama, December 15, 2020
