Change of Business Entity (COBE)

Change of Business Entity (COBE)

You need to inform MOM if your company is Changing to another type of business entity (e.g. from a sole proprietorship to a private limited company), where at least one of the directors, partners or sole proprietors will move to the new entity.

How to apply

To update your business entity:

1. Declare your business activity for the new business entity (with a new CPF submission number).
2. Complete the request form for change of business entity.
3. Submit a scanned copy of the request form, together with the required documents stated on the form, using iSubmit, choose Option 6: Work Permit Application Matters for Business Sectors.

The request will be processed within 14 working days.

Upon approval:

• There will be a one-time transfer of all your foreign workers to the new business entity.
• Your old business entity will no longer be able to apply for foreign workers.
• You will need to furnish new security bonds for all non-Malaysian work permit holders.

About CPF Board

Your company needs to apply for a new CSN for the new entity.
And if you want to make the CPF contribution via GIRO, you need to apply for a new bank account under the new company and make the GIRO account application first.