Do I pay the paid-up capital to SSM?
No — paid-up capital is not a fee and never goes to SSM. It is the money shareholders pay for their shares, deposited into the company's own bank account once it opens, and it becomes the company's working funds: rent, stock, salaries. The only money SSM receives at incorporation is the RM1,010 registration fee.
Sources: SSM Table of Fees
Also asked as: where does paid up capital go; modal bayar kepada siapa; is paid up capital a fee.
Key facts
- Capital → company's own bank account
- SSM receives only the RM1,010 fee