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How to Register for EPF (Employees Provident Fund) in Malaysia – Awe-inspiring Guide

Anna ShimpAnna ShimpNo tags

If you are a new employee or an employer in Malaysia, you may have heard of the Employees Provident Fund (EPF). The EPF is a government-managed retirement savings fund that requires both employers and employees to contribute to the fund. In this article, we will guide you on how to register for EPF in Malaysia.

EPF Registration Requirements

To register for EPF in Malaysia, you must be a Malaysian citizen or a permanent resident, and between the age of 18 and 75. As an employer, you must register your company with the Companies Commission of Malaysia (SSM), which is responsible for the incorporation of companies in Malaysia. SSM company registration is a crucial process that all businesses in Malaysia must follow.

Registering for EPF

Once you have Malaysia company incorporation, you can begin the EPF registration process by submitting your registration form to the nearest EPF office or online via i-Akaun. You will need to provide the following documents:

  • Employer Identification Number (EIN)
  • Form 9 and Form 24 from SSM
  • Employee’s Identification Card (IC) or passport
  • Employee’s salary information

After submitting the form, the EPF office will process your application, and you will receive a notification once it is approved. You must then contribute to the fund every month, which is mandatory by law.

Importance of EPF Registration

EPF registration is a vital aspect of running a business in Malaysia, as it ensures that employees have sufficient savings for their retirement. By registering for EPF, both the employer and employee can enjoy the benefits of the fund, which includes savings, investment, and insurance schemes.

Seeking Professional Assistance

While the registration process may seem straightforward, it can be challenging for new business owners or foreigners who are unfamiliar with Malaysia’s legal and financial system. Seeking professional assistance from a corporate service provider like 3E Accounting Malaysia can help streamline the process, and ensure that your company is in compliance with all the legal requirements.

Seek Professional Assistance to Register for EPF

Registering for EPF is a crucial part of running a business in Malaysia, and it is essential that you do it correctly. By seeking professional assistance from a corporate service provider like 3E Accounting Malaysia, you can ensure that your company is in compliance with all the legal requirements and avoid any potential legal and financial issues down the road.

“Registering for EPF is an important step towards securing your future, make sure to take it seriously.”