The exemption of business registration fees has been extended to all entrepreneurs in the B40 group in accordance with the Prihatin Business Registration Scheme (SPPP) under the Companies Commission of Malaysia (SSM). It is targeted to B40 group who want to start a business and those two have yet to register their business.
Domestic Trade and Consumer Affairs Minister Datuk Seri Alexander Nanta Linggi said the Prihatin Business Registration Scheme launched on Dec 23, last year now includes all B40 entrepreneurs.
Prior to this, the exemption was only restricted to youths, students and single mothers from the B40 group
“The ministry is committed to easing the burden of businesses, especially B40 entrepreneurs,”
“The Companies Commission of Malaysia under the ministry will further widen the benefits of the scheme to all entrepreneurs in the B40 group.”
“This will enable them to have access to various funds and loans introduced by the Federal government, for the continuation of their business operations in a difficult and challenging environment during the Covid-19 pandemic,” he said.
Applicants must be in the database of recipients of BPN 2.0
B40 entrepreneurs eligible for the SPPP, must be MyKad or MyPr holders, aged 18 years and above according to business registration requirements. And he or she must be in the database of recipients of Bantuan Prihatin Nasional 2.0 for the B40 group, and with no record of business entities still active in SSM.
Since SPPP was introduced on Dec 20, it had approved 1,969 applications – 1,066 applications from students, 830 applications from B40 youths and 73 from B40 single mothers.