How I Registered Sole Proprietor and Opened a Maybank SME Account in Malaysia

🎯 Why I Registered kheAI Commerce

I founded kheAI Commerce to operate a lean, AI-enabled, Bitcoin-native business — grounded in:

🧠 AI & intelligent automation
🌐 Web3, Bitcoin & Lightning infrastructure
🏡 Airbnb & Room Rentals
⚡ Sovereign Treasury & Decentralized Payments
📡 IoT & AgriTech system integration

I needed to:

✅ Legalize my income with SSM registration
✅ Open a Maybank SME First Account
✅ Separate business and personal cashflows
✅ Accept rental, freelance, Lightning, and digital revenue into one transparent account
✅ Prepare for LHDN taxes, loans, grants & micro-SME financing

✅ Step 1: Registering kheAI Commerce (Sole Proprietorship)

🔧 Platform Used:

Ezbiz SSM Portal

If your Ezbiz account is already activated, no physical presence is needed.

You only need to visit SSM once to activate your Ezbiz account. After that, you can register any new sole prop online.

🏷️ Business Name: `kheAI Commerce`

Matches my public domain: kheai.com
“Commerce” signals a hybrid of digital tools + rental/property revenue

📄 Business Codes I Registered (SSM MSIC 2023):

Code	Description
47912	Retail sale of products over the internet
62010	Computer programming (AI, Bitcoin, Lightning, IoT & software deployment)
68200	Rental of owned property (Airbnb, room rentals)
66199	Other financial services (BTC treasury, Lightning routing, crypto settlement)

✅ These four codes cover everything I do — from AI software to Lightning payments to Airbnb.

💰 Registration Cost:

Type	Fee (Yearly)
Trade Name (e.g., kheAI Commerce)	RM 60
Optional Branch Registration	RM 5

📜 Business Description (Used for bank, LHDN, etc.):

kheAI Commerce provides development and deployment solutions in AI, software, blockchain, and IoT. Additional services include room rentals, Bitcoin treasury strategy, and decentralized payment infrastructure.

✅ Step 2: Opening a Maybank SME First Account

🏦 Why Maybank?

Reason	Notes
✅ HLB never responded	❌
✅ GXBank only supports Grab merchants	❌
✅ Maybank SME First Account is simple	✅

No monthly fees
No upfront deposit
✅ Only RM10 charge if 6-month average balance < RM1,000
Optional: Islamic account-i available with Hibah (profit-sharing interest)

📋 Documents Needed:

Document	Notes
✅ SSM Certificate	Uploaded PDF + print copy
✅ IC (NRIC)	Original + photostat

💳 Account Details

Field	Info
Account Name	`kheAI Commerce`
Bank	Maybank
Account Number	`562889176825`

You can now receive FPX, DuitNow QR, Bitcoin-converted fiat, and more.

💸 Income Sources (All Routed Through kheAI Account)

Source	Channel
Airbnb	Monthly room rental to Maybank a/c
Lightning	BTC → MYR via conversion → deposit
AI Consulting	Paid via FPX, DuitNow, LN
IoT Clients	Direct transfer or invoice payment

🧾 All invoices now include kheAI Commerce & Maybank account number

Sample Tenant Message

Hi, I’ve registered kheAI Commerce to streamline operations and improve financial transparency.
Please send your rental starting June 23 to:
Maybank 562889176825 (KHEAI COMMERCE)
This supports LHDN compliance and helps maintain clean books. Thank you!

📊 Bitcoin Treasury for Business

Yes — I’m managing Bitcoin for business purposes.

Asset	Holding Method	Purpose
BTC	Cold storage via Sparrow	Long-term treasury + reserve

Plans:

Run Lightning node for yield
Use BTC as proof-of-reserve
Apply for microloans, grants with BTC as underlying asset

📚 My Simple Bookkeeping Stack

Tool	Use Case
Google Sheets	Manual income & expense ledger
Dropbox	Scanned receipts, PDF statements, invoices
Airbnb CSV	Income record archive

I categorize monthly:

🏡 Rental
⚡ Lightning/Bitcoin
🧠 AI services
🌾 IoT/AgriTech

And log expenses:

🧾 Utilities, internet
🧼 Cleaning, repairs
📦 Subscriptions
🛠️ Reinvestments

🏠 Business Use of Personal Property

As a sole prop, I can use my own home:

Airbnb & room rentals done legally
Utilities, repairs, and upkeep can be partially deducted
All rental routed through kheAI for:
- Transparent accounting
- LHDN e-B filing
- SME loan / credit card eligibility

🔁 Summary & Final Thoughts

Setting up kheAI Commerce helped me:

💳 Receive income from multiple sources professionally
📈 Track everything transparently
⚖️ File business taxes (e-B) properly
⚡ Route Bitcoin income legally
💼 Start applying for future credit, grants, and SME incentives

📢 If you’re building a microbusiness, Bitcoin-based service, or decentralized AI stack — register your sole prop and get your bank in order.

📞 Want to Do the Same?

Join my journey:

Built in Malaysia. Paid in sats.
Start sovereign. Stay small. Grow slow.

For more info:
📎 https://www.ssm.com.my/Pages/Services/Registration-of-Business-%28ROB%29/EzBiz-Online.aspx