Close Your Dormant Company Now
Special Moratorium Ends on 30 Sep 2025
Time is running out. The Suruhanjaya Syarikat Malaysia (SSM) has introduced a limited-time moratorium offering an opportunity for directors and shareholders of dormant companies to close their entities quickly, affordably, and with minimal red tape. This special SSM moratorium striking off window is open from 16 April 2025 to 30 September 2025.
If you are holding onto a dormant company that is no longer operational, now is the moment to act.
What Is the SSM Strike-Off Moratorium Period?
The SSM moratorium is a regulatory relief initiative to encourage the voluntary closure of inactive or non-compliant companies. It aims to:
- Reduce the number of inactive entities in Malaysia’s corporate registry
- Lighten the regulatory burden on defunct companies
- Promote corporate compliance and transparency
Why You Should Act Now
Key Benefits of the Moratorium
Taking advantage of the SSM moratorium striking off offers immediate and long-term advantages, including:
- 95% reduction on outstanding penalties and compound fines
- No shareholders’ resolution Is required
- Simplified application process
- Faster processing
Is Your Company Eligible?
To be eligible, your company must meet ALL of the following conditions:
- Dormant for at least twelve (12) consecutive months prior to application (no business activity)
- No outstanding debts to creditors, employees or government agencies (except penalties eligible for reduction)
- No ongoing legal, arbitration or insolvency proceedings
- No assets or liabilities at the time of application - all remaining assets must be distributed to shareholders beforehand
- Tax-compliant - settled all LHDN obligations and filed all required SSM annual returns
- At least one (1) director consents and signs the application
- Reasonable efforts made to contact and obtain shareholder agreement
Step-by-Step Guide
How to Apply for Striking Off During the Moratorium
Step 1: Confirm Eligibility
Review the criteria above and ensure your company meets all conditions. Settle any outstanding taxes and distribute remaining assets.
Step 2: Prepare Required Documents
Download and complete the following forms from the official SSM guidelines:
- Appendix 1: Application for Striking Off (Form for Directors)
- Appendix 2: Declaration of Shareholder Consent (or proof of consent efforts)
Step 3: Gather Supporting Evidence
Include documents such as:
- Latest audited financial statements (if any)
- Proof of no business activity
- LHDN tax clearance or compliance status
- List of shareholders and evidence of consent attempts (emails, letters, etc.)
Ensure all forms are signed and dated. Incomplete submissions may be rejected.
Conclusion
Why Act Now?
Letting a dormant company remain open is not free. Every year, you face:
- Annual return filing fees
- Late submission penalties
- Potential audits or enforcement actions
- Directors’ liability for non-compliance
By using the close dormant company Malaysia moratorium, you:
- Eliminate future compliance costs
- Avoid accumulating penalties
- Free up director resources
- Prevent inadvertent breaches
Deadline: 30 September 2025
Don’t wait — strike off your dormant company now and secure your compliance future.
Reach out to us today
Time is running out - the special strike-off moratorium ends on 30 September 2025. Act now to close your dormant company quickly, affordably and with up to 95% penalty reduction.
Stay up-to-date with our newsletter
Our expert
