Hassle-free registration with MalaysiaBiz

Led by Mampu, the portal is in line with the govt’s vision to encourage business ventures, particularly for SMEs

by AFIQ AZIZ / pic credit: malaysiabiz.gov.my

THE government’s new one-stop centre digital platform, MalaysiaBiz, offers a seamless process for the business community and makes business registration hassle-free.

Prime Minister Tan Sri Muhyiddin Yassin said small and medium enterprises (SMEs) can go to the platform for licence applications and to get information related to local businesses including initiatives that the government is offering.

Led by the Malaysian Administrative Modernisation and Management Planning Unit (Mampu), the portal is in line with the government’s vision to encourage business ventures, particularly for SMEs.

Muhyiddin said the project is a key initiative to digitise businesses and SMEs should leverage this platform.

“Knowing the importance of a digital platform and SMEs, Mampu has designed MalaysiaBiz to be a streamliner.

“The goal is to create a business-friendly environment and raise our competitiveness, as well as boost the domestic economy,” Muhyiddin said at the platform’s virtual launch yesterday, adding that the government will continue to assist the SME sector to remain resilient.

Last year, SMEs contributed 38.9% to GDP, slightly up compared to 38.3% in 2018.

The government has aimed for this to increase to 45% by 2025 and 50% by 2030.

“The government will continue to prioritise generating SME growth. Looking at today’s online shopping trend, SMEs have the potential to grow rapidly.

“Thus, the digitisation process among traders can be simplified,” Muhyiddin said.

In Budget 2021, business continuity is one of the three main goals emphasised by the government.

Particular attention has been given to SMEs through funding assistance, training, digital equipment and grants.

RM1 billion has been allocated to boost digitalisation activities with the availability of funds until Dec 31, 2023.

A total of RM150 million was also allocated for training programmes and sales assistance, as well as digital equipment to 100,000 local entrepreneurs under the SME and Micro SME e-Commerce Campaign.

Putrajaya also aims to achieve 40% digitisation of its end-to-end service delivery this year due to the movement restriction caused by the Covid-19 pandemic. The target is doubled compared to 20.2% in 2019.

“This target is also strengthened by the establishment of the National Digital Economic Council and IR4.0.

“This is to ensure the sustainable development of the digital economy in line with the potential of IR4.0 technology in our country,” said Muhyiddin.

On MalaysiaBiz, Mampu said the portal is able to process 23 types of business applications and up to 105 licences from all government and state agencies in a single action.

The platform also offers other services, including providing business data for market research.

“I hope Malaysians would take this opportunity and use the portal to register and set up businesses,” Muhyiddin said.