20 YEARS OF TRANSFORMATION
20 YEARS
OF TRANSFORMATION
20 YEARS OF TRANSFORMATION
MINISTER’S MESSAGE
SALAM SEJAHTERA.
I am delighted to present the 2022 Annual Report of the Companies Commission of Malaysia (SSM) to provide insights into our progress and accomplishments for the year.
Although full of challenges, 2022 was also a year full of hope as the global economy begins to recover from the effects of the pandemic. Measures to strengthen economic fundamentals and stimulate the domestic economic potential post-pandemic will be very important to produce sustainable and inclusive growth in the long term.
YB DATO SRI ALEXANDER NANTA LINGGI
Minister of Domestic Trade and Consumer Affairs
MINISTER’S MESSAGE
SALAM SEJAHTERA.
I am delighted to present the 2022 Annual Report of the Companies Commission of Malaysia (SSM) to provide insights into our progress and accomplishments for the year.
Although full of challenges, 2022 was also a year full of hope as the global economy begins to recover from the effects of the pandemic. Measures to strengthen economic fundamentals and stimulate the domestic economic potential post-pandemic will be very important to produce sustainable and inclusive growth in the long term.
YB DATO SRI ALEXANDER NANTA LINGGI
Minister of Domestic Trade and Consumer Affairs
MINISTER’S MESSAGE
SALAM SEJAHTERA.
I am delighted to present the 2022 Annual Report of the Companies Commission of Malaysia (SSM) to provide insights into our progress and accomplishments for the year.
Although full of challenges, 2022 was also a year full of hope as the global economy begins to recover from the effects of the pandemic. Measures to strengthen economic fundamentals and stimulate the domestic economic potential post-pandemic will be very important to produce sustainable and inclusive growth in the long term.
YB DATO SRI ALEXANDER NANTA LINGGI
Minister of Domestic Trade and Consumer Affairs
CHAIRMAN’S FOREWORD
ASSALAMUALAIKUM DAN SALAM SEJAHTERA.
Alhamdulillah, thanks be to Allah S.W.T, for with His abundant, grace and permission, the Companies Commission of Malaysia (SSM) successfully navigated the year 2022 with excellence, fulfilling its responsibilities and obligations with unwavering commitment.
In line with the Government’s commitment to alleviate the corporate community’s burdens during the national economic recovery phase in 2022, the Ministry of Domestic Trade and Consumer Affairs (MDTCA), in collaboration with SSM, introduced one (1) new initiative and continued five (5) previously established initiatives from 2021, with enhancements in mind.
YBHG. DATUK AZMAN MOHD YUSOF
Chairman
Companies Commission of Malaysia
CHAIRMAN’S FOREWORD
ASSALAMUALAIKUM DAN SALAM SEJAHTERA.
Alhamdulillah, thanks be to Allah S.W.T, for with His abundant, grace and permission, the Companies Commission of Malaysia (SSM) successfully navigated the year 2022 with excellence, fulfilling its responsibilities and obligations with unwavering commitment.
In line with the Government’s commitment to alleviate the corporate community’s burdens during the national economic recovery phase in 2022, the Ministry of Domestic Trade and Consumer Affairs (MDTCA), in collaboration with SSM, introduced one (1) new initiative and continued five (5) previously established initiatives from 2021, with enhancements in mind.
YBHG. DATUK AZMAN MOHD YUSOF
Chairman
Companies Commission of Malaysia
CHAIRMAN’S FOREWORD
ASSALAMUALAIKUM DAN SALAM SEJAHTERA.
Alhamdulillah, thanks be to Allah S.W.T, for with His abundant, grace and permission, the Companies Commission of Malaysia (SSM) successfully navigated the year 2022 with excellence, fulfilling its responsibilities and obligations with unwavering commitment.
In line with the Government’s commitment to alleviate the corporate community’s burdens during the national economic recovery phase in 2022, the Ministry of Domestic Trade and Consumer Affairs (MDTCA), in collaboration with SSM, introduced one (1) new initiative and continued five (5) previously established initiatives from 2021, with enhancements in mind.
YBHG. DATUK AZMAN MOHD YUSOF
Chairman
Companies Commission of Malaysia
CHIEF EXECUTIVE OFFICER’S
REVIEW OF THE YEAR
ASSALAMUALAIKUM DAN SALAM SEJAHTERA.
I am delighted to present the Annual Report of the Companies Commission of Malaysia (SSM) for the year 2022. This year represents a recovery phase that demands the collective efforts of all stakeholders to channel our energy towards revitalising the country’s economy. Our aim is to promote sustainable economic growth, enhance the standard of living for our citizens, and ensure shared prosperity for all.
The year 2022 is also the 20th anniversary of SSM. Over the past two decades, we have achieved significant progress, reached numerous milestones, and recorded remarkable achievements. This journey reflects our commitment to excellence and our dedication to serving the corporate and business community.
YBHG. DATUK NOR AZIMAH ABDUL AZIZ
Chief Executive Officer
Companies Commission of Malaysia
CHIEF EXECUTIVE OFFICER’S REVIEW OF THE YEAR
ASSALAMUALAIKUM DAN SALAM SEJAHTERA.
I am delighted to present the Annual Report of the Companies Commission of Malaysia (SSM) for the year 2022. This year represents a recovery phase that demands the collective efforts of all stakeholders to channel our energy towards revitalising the country’s economy. Our aim is to promote sustainable economic growth, enhance the standard of living for our citizens, and ensure shared prosperity for all.
The year 2022 is also the 20th anniversary of SSM. Over the past two decades, we have achieved significant progress, reached numerous milestones, and recorded remarkable achievements. This journey reflects our commitment to excellence and our dedication to serving the corporate and business community.
YBHG. DATUK NOR AZIMAH ABDUL AZIZ
Chief Executive Officer
Companies Commission of Malaysia
CHIEF EXECUTIVE OFFICER’S
REVIEW OF THE YEAR
ASSALAMUALAIKUM DAN SALAM SEJAHTERA.
I am delighted to present the Annual Report of the Companies Commission of Malaysia (SSM) for the year 2022. This year represents a recovery phase that demands the collective efforts of all stakeholders to channel our energy towards revitalising the country’s economy. Our aim is to promote sustainable economic growth, enhance the standard of living for our citizens, and ensure shared prosperity for all.
The year 2022 is also the 20th anniversary of SSM. Over the past two decades, we have achieved significant progress, reached numerous milestones, and recorded remarkable achievements. This journey reflects our commitment to excellence and our dedication to serving the corporate and business community.
YBHG. DATUK NOR AZIMAH ABDUL AZIZ
Chief Executive Officer
Companies Commission of Malaysia
KEY STATISTICAL INFORMATION 2022
COMPLIANCE RATE 2022
93%
COMPANIES
Local
48,221
Foreign
32
Total Number of Companies Incorporated in 2022
48,253
Total Number of Companies Incorporated as at 31 December 2022
1,482,579
BUSINESSES*
Sole Proprietorships
290,706
Partnerships
29,997
Total Number of Businesses Registered in 2022
320,703
Total Number of Businesses Registered as at 31 December 2022
8,802,358
LIMITED LIABILITY PARTNERSHIPS (LLP)
Total Number of LLPs Registered in 2022
3,661
Total Number of LLPs Registered as at 31 December 2022
33,915
ENFORCEMENT INITIATIVES 2022
Inspections on companies
555,435
Inspections on businesses
701,460
Inspections on limited liability partnerships
11,224
Prosecution actions brought against companies
7,252
Prosecution actions brought against businesses
51
* The Registration of Businesses Act 1956 is not applicable to Sabah and Sarawak.
KEY STATISTICAL INFORMATION 2022
COMPLIANCE RATE 2022
93%
COMPANIES
Local
48,221
Foreign
32
Total Number of Companies Incorporated in 2022
48,253
Total Number of Companies Incorporated as at 31 December 2022
1,482,579
BUSINESSES*
Sole Proprietorships
290,706
Partnerships
29,997
Total Number of Businesses Registered in 2022
320,703
Total Number of Businesses Registered as at 31 December 2022
8,802,358
LIMITED LIABILITY PARTNERSHIPS (LLP)
Total Number of LLPs Registered in 2022
3,661
Total Number of LLPs Registered as at 31 December 2022
33,915
ENFORCEMENT INITIATIVES 2022
Inspections on companies
555,435
Inspections on businesses
701,460
Inspections on limited liability partnerships
11,224
Prosecution actions brought against companies
7,252
Prosecution actions brought against businesses
51
* The Registration of Businesses Act
1956 is not applicable to Sabah and Sarawak.
KEY STATISTICAL INFORMATION 2022
COMPLIANCE RATE 2022
93%
COMPANIES
Local
48,221
Foreign
32
Total Number of Companies Incorporated in 2022
48,253
Total Number of Companies Incorporated as at 31 December 2023
1,482,579
BUSINESSES*
Sole Proprietorships
290,706
Partnerships
29,997
Total Number of Businesses Registered in 2022
320,703
Total Number of Businesses Registered as at 31 December 2022
8,802,358
LIMITED LIABILITY PARTNERSHIPS (LLP)
Total Number of LLPs Registered in 2022
3,661
Total Number of LLPs Registered as at 31 December 2022
33,915
ENFORCEMENT INITIATIVES 2022
Inspections on companies
555,435
Inspections on businesses
701,460
Inspections on limited liability partnerships
11,224
Prosecution actions brought against companies
7,252
Prosecution actions brought against Businesses
51
* The Registration of Businesses Act 1956 is not applicable to Sabah and Sarawak.
