General Trading & Commision Agents Companies in Malaysia

A general trading and commission agent company is a company that provides services to facilitate the buying and selling of goods between two parties. The company acts as an intermediary between the buyer and the seller, and charges a commission for its services.

General trading and commission agent companies are regulated by the Malaysian government. The Companies Commission of Malaysia (SSM) is the government agency responsible for regulating these companies.

To be registered as a general trading and commission agent company in Malaysia, the company must have a minimum paid-up capital of RM50,000. The company must also have a physical office in Malaysia, and must appoint at least two directors who are resident in Malaysia.

Once registered, the company must comply with the requirements of the Companies Act 1965, as well as the regulations of the SSM. These requirements include maintaining proper accounting records and submitting annual financial statements to the SSM.

General trading and commission agent companies play an important role in the Malaysian economy, by facilitating the buying and selling of goods between businesses. These companies help to create efficiency in the marketplace, and contribute to the growth of the economy.