Wholesale, Retail Trade (WRT) License: is it needed?
Our simple answer to that for you is: YES!
Applied to the Ministry of Domestic Trade and Consumer Affairs (KPDNKK), the Wholesale and Retail Trade License (WRT) is one of the most common licenses required by a foreigner who wishes to conduct business in wholesale and retail trade in Malaysia. Before you even plan to venture into the trading industry, you must first obtain this license.
The WRT is a requirement for the application for an Employment Pass in Malaysia. As such, obtaining this licensing is crucial. We at Paul Hype Page have 13 years of proven track record helping clients to acquire the WRT license. Do speak to us for assistance regarding this matter.
The WRT License is mainly issued to 4 categories of trades in Malaysia, namely:
The general process of acquiring a WRT License can be summarised below:
- You must have a registered SDN BHD company, with the appropriate minimum paid up capital. In this case, the minimum paid up capital requirement is RM 1 million.
|100% Local Owned
|Joint Venture (minimum foreign equity is 30%)
|100% Foreign Owned
|Foreign owned companies running Wholesale, Retail and Trade (WRT) Licence is compulsory. (Refer to the Ministry of Domestic Trade, Cooperatives and Consumerism WRT licence application guideline)
2. You must have your own office space
3. You must have your own staff employed or the director has to be present during site inspections
4. Provide us with the documents required (see checklist below)
5. After all the conditions are satisfied, we will then submit your application to the relevant government organisation
|Name of Document
|1. Comprehensive Company profile and Business Plan
|2. Copy of IRB’s tax registration confirmation letter
|3. Tenancy Agreement / Sale and Purchase Agreement of your Business Premise
|4. Photo of the premises
|5. Product list with pricing
|6. Photo of product/services offered
|7. List of expatriate details