BFM 89.9
The Business Station
SSM Moratorium: Close Your Dormant Company Cheaply
19 mins
·
11:00, 22 Sept 2025
·
Recommended
32 mins
29 mins
21 mins
Guest: Chong Mun Yew, Tax Partner, Crowe Malaysia
For many business owners, a dormant company is a hidden financial drain, racking up fees and penalties year after year. The Companies Commission of Malaysia (SSM) has opened a limited-time window to solve this, but the clock is ticking, the deadline is 30 September 2025.
Tax Partner Chong Mun Yew from Crowe Malaysia joins us to break down the SSM Strike-Off Moratorium. He explains the eligibility criteria, the headline benefit of a 95% penalty reduction, and the simplified process that allows directors to close their inactive companies quickly and affordably.
We discuss:
What the SSM Strike-Off Moratorium is and who is eligible.
The hidden financial and personal liabilities of keeping a dormant company.
The headline benefit: a 95% reduction in outstanding penalties.
A practical, step-by-step guide to the application process.
The specific situations where this fast-track option might not be the right choice.
For directors and owners of inactive companies, this is an essential and urgent guide to navigating the moratorium before the window closes.
Presenter: Roshan Kanesan
Producer: Roshan Kanesan
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SSM Moratorium: Close Your Dormant Company Cheaply