B40 traders and entrepreneur are encouraged to take advantage of the Free Business Registration Scheme initiative offered by the government through the Companies Commission of Malaysia (SSM).
Domestic Trade and Costs of Living Datuk Amrizan Mohd Ali Acting Minister said the number of businesses that successfully registered for free through the initiative from Jan 1, 2023 to July 31, 2023 was 26,410.
“Meanwhile, the remaining RM6 million business registration grant allocation can benefit more than 80,000 entrepreneurs,” he said in a statement today.
He said free business registration is an initiative introduced by SSM to provide opportunities to B40 entrepreneurs as well as full-time higher education institute students to register their businesses under the Registration of Businesses Act 1956.
Additionally, he said SSM also organised two series of Entrepreneur Mentoring Programme this year with the involvement of over 400 participants in Pahang and 1,000 participants in Selangor.
