What is a voluntary strike-off of a company in Malaysia?

A voluntary strike-off in Malaysia refers to the process of formally removing a company from the official register maintained by the Companies Commission of Malaysia (SSM). It is typically where a company has closed, insufficient activity to comply with its daily obligations or when both shareholders and directors resolves to wind up the company voluntarily. Once struck off, the company ceases to exist as a legal entity

This process is governed by the Companies Act 2016 and administered by the Companies Commission of Malaysia (SSM) based on guidelines for company deregistration. Formal liquidation procedures are more expensive and time-consuming than a voluntary strike-off. The main conditions for a voluntary strike are the following:

• Company has ceased operations for at least 12 months
• No outstanding debts or liabilities (taxes, EPF, SOCSO…)
• No pending legal proceedings
• Directors and shareholders approve the closure
• Not involved in regulated industries (e.g., finance, insurance)

For business owners considering this route, it is crucial to ensure all compliance matters are resolved beforehand to avoid complications with SSM. Professional service providers such as Offshore Company Services can assist with advisory, document preparation, and filing to streamline the voluntary strike-off process in Malaysia, ensuring that the closure is handled smoothly and in full compliance with local regulations.

=> Full Guide: Voluntary Strike-Off of the Company in Malaysia