What’s in this article
- How Malaysia Business Licenses Apply To Foreigners
- Things You MUST Prepare Before Applying for Malaysia Business Licenses
- Duration of Business License Approval in Malaysia
- Types of Business Licenses in Malaysia
- Relationship Between Malaysia Business License & Employment Pass
- Malaysia WRT License: The Most Common Trade License for Foreigners
- MSC/ MD Status Most Common For Tech Companies in Malaysia
- Our thoughts
- RUN & EXPAND YOUR BUSINESS IN MALAYSIA WITH REGIONAL EXPERTS
- FAQs
After setting up your company in Malaysia, you must obtain the necessary business licenses required. At this time, Malaysia categorizes business licenses into three main groups: general licenses, sector/industry-specific licenses, and activity-specific licenses. In essence, your required business license in Malaysia will depend on your involved industry.
How Malaysia Business Licenses Apply To Foreigners
Before applying for business licenses, however, one must first set up a business. In addition, Companies (Sdn. Bhd.) in Malaysia can be 100% foreign-owned, without any local director requirements. However, a minimum of one director must have local residence in Malaysia.
With this in mind, if you are operating a business without license requirements, having a Sdn. Bhd. is the easiest to set up, operate, and maintain. A few business activities for example include:
- E-commerce platforms or other forms of digital platforms
- Offering services like photography, commissioning art, coaching etc.
- General consulting or management consulting
Following the Companies Act, all companies are regulated by the Companies Commission of Malaysia (SSM). With the result that in operating a business in a physical location (office, shops etc), and specific to certain industries, every company must obtain a business license.
- Locally owned companies would generally experience swifter and smoother approvals and less stringent requirements in comparison with foreign-owned companies.
- Foreign-owned companies often inquire about the necessity of a local representative(s). Because without one, processes may drag on. In addition, if your industry requires a license, full foreign ownership may present more challenges compared to your counterparts.
Things You MUST Prepare Before Applying for Malaysia Business Licenses
While the requirements may differ slightly according to the category of license you’re applying for, the documents you will need to obtain a business license in Malaysia include the following:
- A copy of your identity card/passport.
- A passport-sized photograph.
- A copy of your rental/tenancy agreement or sale and purchase agreement.
- Photographs of your business premise.
- Photographs of the intended location for your company’s signboard (applicable to the Signboard License). You will also need to provide samples indicating the colour and the design of your intended signboard.
- Copy of your Certificate of Fitness for the business premise.
- Copy of Fire Department’s support letter.
Furthermore, on top of the basic documentation listed, here are the top 3 factors to consider in your application:
1. Have You Prepared a Business Plan?
A business plan is one of the most common documents that authorities will request for license application, along with work visas and employment passes. A business plan should serve as a key point of reference to gauge the feasibility of a business. Additionally, it should be used to determine how your business contributes to the local economy and to be used to measure progress against objectives.
Thus, your business plan should answer these questions:
- Is the business contributing to the local economy?
- Does the business plan address the feasibility of the business?
- Is Malaysia a key market in your business plan?
2. What Business Can Foreigners Be Involved In?
There are generally minimal restrictions on foreign investment in Malaysia. Where unless subject to the qualifications set out below, foreign investors can hold 100% equity in all investments.
With this in mind, the principal industries that are subject to restrictions on foreign investment and might require a minimum Bumiputera ownership include:
- Financial services
- Capital markets
- The insurance and Islamic insurance (takaful) industries
- The petroleum industry
- Communications and multimedia
- Wholesale and distributive trade (about hypermarkets and food and restaurant businesses)
- Education
- Freight forwarding and shipping
- Water
- Energy supply
- Professional services
- Security and employment agencies
3. Have You Got the Necessary Funds?
Find out what are the paid-up capital requirements for the sector you are in. Usually, the amount of paid-up capital required depends on the level of local ownership in a company, for example:
- Less than 25% of local shares require RM1,000,000 paid-up capital;
- 25% local shares require RM750,000 paid-up capital;
- 50% local shares require RM500,000 paid-up capital;
- More than 75% of local shares require RM250,000 paid-up capital only.
Duration of Business License Approval in Malaysia
The total application time may be anywhere between one month and six months. With this in mind, the duration heavily depends on the type of industry license for which the business owner is applying (this includes small businesses and retail stores). Additionally, the ministry that issues the business license in Malaysia, will inspect the business premises before doing so.
Types of Business Licenses in Malaysia
Generally, Malaysia’s business licenses are divided into 3 categories:
- General licenses from local town councils
- Industry or sector-specific licenses from government ministries
- Activity specific licenses
1. General licenses
- Business Premise Licenses
- Signboard Licenses
- Company Registration License
- Company Income Tax Registration
- Employee Income Tax Registration
- Employees Provident Fund (EPF)
- Human Resources Development Fund
- Social Security Organisation (SOCSO)
2. Industry or sector-specific licenses
The following table lists the available licenses offered by the Malaysian government.
Industry | License | Authority |
---|---|---|
Manufacturing/Factory | Manufacturing License | Malaysian Investment and Development Authority (MIDA) |
Banking | Central Bank License for Banking, Financing, and Leasing | Bank Negara Malaysia |
Direct Selling | Direct Selling License | Malaysian Direct Distribution Association (MDDA) |
Construction | Construction Industrial Development Board and Engineering License | Construction Industry Development Board (CIDB) |
Distributive Imports and Exports | Wholesale Retail Trade (WRT) License for Trading, Import and Export, Consultancy, and Restaurant Business Management | Malaysian Ministry of Domestic Trade and Consumer Affairs (MDTCA) or KPDNKK as locally known |
Education | Licenses for establishing Schools, Colleges, Universities, Tuition Centers, and Language Centers | Ministry of Education |
Transport | Car Rental and Vehicle Leasing License | Ministry of Tourism, Arts and Culture Malaysia (MOTAC) |
Hotel | For Budget Hotel License and Luxury Hotels | |
Tourism | Inbound, Outbound, Ticketing License | |
Media | Publication License for Magazines and Books / Broadcasting License for Music, Singing, TV, and Radio | Malaysian Communications And Multimedia (MCMC) |
ICT | Multimedia Super Corridor (MSC) License | Malaysia Digital Economy Corporation (MDEC) |
3. Activity-specific licenses
- Sales Tax License
- Certificate of Fitness for Certified Machinery
- Building Plan Approval
- Expatriate Post Approval
- Air Pollution Control Equipment Approval for any installation, alteration or relocation
For example, those who intend to operate in the retail industry or oversee factories or restaurants as a foreigner in Malaysia, will be required to apply for business licenses from the following government departments:
- SSM
- Local Town Councils in Malaysia
- Fire Brigade Department
Relationship Between Malaysia Business License & Employment Pass
In order to get an Employment Pass after incorporation, your business must apply for a license first. With this purpose in mind, please find below an overview of what is to come:
First Stage: Malaysia Incorporation
- 10 working days upon submission of documents
- RM1,000 paid-up capital only
Second Stage: License and registration
- 2-6 months
- For business activities in wholesale, retail, trade (WRT), consulting and services, we will apply to the Ministry of Domestic Trade and Consumer Affairs (KPDNHEP) for a WRT or BIP license. For business activities in technology, however, we will apply with Malaysia Digital Economy Corporation (MDEC).
Third: Employment Pass application
- 3-6 months
- The company must have the relevant business licenses
- You should be running a business for a recommended 3-6 months before applying for an Employment Pass for a higher success rate.
- It is recommended to apply for one EP at a time.
- The company must have the minimum paid-up capital in the bank account
Malaysia WRT License: The Most Common Trade License for Foreigners
The Wholesale, Retail and Trade (WRT) License is among the most common trade licenses required by foreigners. Furthermore, this License is applied to the Ministry of Domestic Trade and Consumer Affairs (KPDNKK).
Foreigners must obtain a WRT license approval for the categories mentioned before they can apply for their DP10 work permit with the Immigration Department of Malaysia.
To apply for a WRT license in Malaysia, you will need to pay a minimum paid-up capital of RM1 million, including all categories of the license. Another key point is that your company must also be fully set up with a valid tenancy agreement as well. Additionally, owners of new companies must also submit their business plans.
The WRT license is also applicable to completely foreign-owned non-resident companies. Businesses which are involved in any of the following industries will be required to apply for a WRT license:
- Retail (franchise, goods, and services)
- Import
- Export
- Consultancy activities
- Trading
- Franchise
A WRT license is renewable every two years. With this in mind, there are four options available under this category, which are as follows:
- Services and Consultancy
- Franchise Business
- Restaurant
- Retail, Trading (Import and Export), Distributive Trades
Timeline
The license application will generally take 3-4 months. However, we would like to disclaim that government processing is very susceptible to delays, and we can only assist you with going to great extents in the application process and chasing for responses.
Company Paid-up capital*
EQUITY | PAID-UP CAPITAL |
---|---|
100% Local Owned | RM 250,000 |
Joint Venture (minimum foreign equity is 30%) | RM 350,000 |
100% Foreign Owned | RM 500,000 |
Foreign-owned companies running Wholesale, Retail and Trade (WRT) License is compulsory. (Refer to the Ministry of Domestic Trade, Cooperatives and Consumerism WRT license application guideline) | RM 1,000,000 |
* Not applicable to incorporated limited companies, and associations/ organisations following the laws of Malaysia
Company criteria
- You must meet the minimum requirements before we can assist you with the application.
- You must have your own office space;
- You must have your staff employed the director has to be present during site inspections;
- You must have the minimum paid-up capital in the corporate bank account.
Required documents
- Comprehensive Company Profile and Business Plan
- Copy of IRB’s tax registration confirmation letter
- Copy of Tenancy Agreement
- Photo of the premises
- Product list with pricing
- Photo of product/services offered
- List of expatriate details
MSC/ MD Status Most Common For Tech Companies in Malaysia
We are happy to assist you with the application for a Multimedia Super Corridor (MSC) Status, which at this point has been rebranded as the Malaysia Digital (MD) Status. In particular, this status is applied to the Multimedia Development Corporation (MDeC). The MD Status is for ICT and ICT-facilitated businesses to obtain tax breaks and advantages in Malaysia.
Company criteria
- Provide or heavy user of IT & multimedia products & services;
- Employ a substantial number of knowledge workers;
- Strong value proposition specifying how operations will contribute to the development of MSC Malaysia;
- Establish separate legal entity for MSC-qualifying activities;
- Locate in a MSC Malaysia designated Cybercity or Cybercentre;
- Comply with environmental guidelines.
The company must be a provider of services related to the following:
- Big Data Analytics (BDA)
- Artificial Intelligence (AI)
- Financial Technology (FinTech)
- Internet of Things (IoT)
- Data Centre and Cloud (technology/software/ design and support)
- Blockchain
- Creative Media Technology
- Sharing Economy Platform
- User Interface and User Experience (UI/UX)
- Integrated Circuit (IC) Design and Embedded Software
- 3D Printing (technology/software/design and support)
- Robotics (technology/software/design)
- Autonomous (technology/software/design and support)
- Systems /Networks Architecture Design and Support
- Global Business Services or Knowledge Process Outsourcing (excludes non-technical and/or low-value call centre, data entry, and recruitment process outsourcing.
MSC Tier Categories
Type of Incentive | Tier 1 | Tier 2 | Tier 3 |
---|---|---|---|
Percentage of income tax exemption | 100% | 70% | |
Exemption period | 5 years | 5 years | |
Extension of the exemption period | 5 years | May apply for the extension provided that the company changed to Tier 1 or Tier 2 and fulfils the conditions imposed |
Standard Conditions: | Tier 1 | Tier 2 | Tier 3 |
---|---|---|---|
To be complied with within 24 months from the date of award of MSC Malaysia Status and thereafter during the exemption period | |||
(1) Location of approved MSC Malaysia Promoted Activities | Designated Premises within MSC Malaysia Cybercities or Cybercentre | Other Commercial Premises within MSC Malaysia Cybercities or Cybercentre | Not subjected to location requirement |
(2) Commencement of operation and undertaking of the approved MSC Malaysia Promoted Activities in Malaysia |
Minimum KPI Numbers | |||
---|---|---|---|
Tier 1 | Tier 2 | Tier 3 | |
To be complied with by the end of Year 2 from the commencement date of the exemption period and thereafter during the exemption period | |||
(3) Paid-up capital | RM500,000* | RM250,000 | |
(4) Full-time employees (comprising Knowledge Workers) with monthly base salary | (i) 50 full-time employees with a monthly base salary of RM5,000; OR (ii) 30 full-time employees with a monthly base salary of RM10,000 | (i) 30 full-time employees with a monthly base salary of RM5,000; OR (ii) 20 full-time employees with a monthly base salary of RM8,000 | |
Data Centre: 5 full-time employees with a monthly base salary of RM5,000 | |||
(5) Annual operating expenditure and investment in fixed asset | RM3,500,000 | RM1,000,000 | |
Data Centre: RM10,000,00 | |||
(6) Percentage of Malaysian Knowledge Workers (for the full-time employees in (4) above) | 70% | 50% | |
*Note: The minimum paid-up capital amount needs to be increased to RM2.5 million by the end of Year 5 from the commencement date of the exemption period, to be eligible for the extension of the exemption period for the second 5 years |
Our thoughts
As easy as it is for foreigners to set up companies in Malaysia if you fall under a regulated sector requiring licenses, or if you need an Employment Pass (which automatically means you need a business license), the process would have just gotten a lot more complicated however.
The best industry to be in at this time right now for Employment Pass applications is the tech industry. We’ve been seeing smoother applications for specialists applying directly with MDEC.
If not, getting licenses from other industries is a matter of “How much local involvement does your company have?”. Be it a local director, local shareholder or local employee, being an active contributor to the economy would help your case.
FAQs
This is dependent on several factors, but most businesses have managed to secure their licenses within 14 working days.
No, but business licenses are needed to operate legally.
Business licenses issued in Malaysia only pertain to businesses which have been set up there. Therefore, such licenses are not valid in countries other than Malaysia.
In Malaysia, a DP10 work permit is also known as a Professional Work Permit Visa. It is valid for two years but can have its validity extended by up to 10 years. It is meant for foreigners deemed to be skilled workers.
SSM was established in 2002. It is a statutory body that functions under the auspices of the Malaysian government. Its primary purposes are those of assisting in company incorporation and business registration as well as providing information about companies and businesses in Malaysia to the public.
Hi, if i would like to start a computer training class, what license would be required?
Hi Josephine,
Sounds like a great idea! You will require a license only if you’d like to be a government-registered training provider.
If you’re looking to incorporate your company, feel free to reach out to us on WhatsApp and we can advise accordingly based on the information you’ve shared about your business idea.
https://wa.me/6584833084
Thanks!
Does an online seller need a license?
Hi Jin Hong,
most of the e-commerce stores do not require a license.
Hi, is it a must have a shop before applying a business truck licence?
Hi Jin Hong,
you can start to apply for the license required after your company has been successfully incorporated.
1)Hi, does a home baker need a license?
2)I noticed that some are selling alcohol cakes, do they need a special license? Like a liquor license?
Hi,
Your question has been answered under our forum.
https://www.paulhypepage.my/forums/business-forums-malaysia/requirements-to-setup-a-home-bakery/
Feel free to interact with us in the forum if you need further clarification. We will be happy to assist.
Best Regards,
Paul
Is there a license to apply for selling food beside rood with a stall?
Hi,
Your question has been answered under our forum.
https://www.paulhypepage.my/forums/business-forums-malaysia/is-there-a-license-to-apply-for-selling-food-beside-rood-with-a-stall/
Feel free to interact with us in the forum if you need further clarification. We will be happy to assist.
Best Regards,
Paul
Hi ,
what are the requirements for opening a gym ?
Hi,
Your question has been answered under our forum.
https://www.paulhypepage.my/forums/business-forums-malaysia/requirements-for-opening-a-gym/
Feel free to interact with us in the forum if you need further clarification. We will be happy to assist.
Best Regards,
Paul
I’m thinking of starting a small retail mainly in importing rice. How should I start? Thanks
Hi,
Your question has been answered under our forum.
https://www.paulhypepage.my/forums/business-forums-malaysia/how-to-start-a-small-retail-importing-rice-in-malaysia/
Feel free to interact with us in the forum if you need further clarification. We will be happy to assist.
Best Regards,
Paul
Hi i am interested in opening a retail liquor/wine store. What are the license required and what is the cost involved?
Hi Mathew,
Your question has been answered under our forum.
https://www.paulhypepage.my/php-forums/malaysia/open-a-retail-liquor-wine-store/
Feel free to interact with us in the forum if you need further clarification. We will be happy to assist.
Best Regards,
Paul
Hi, I’m planning to sell candles online through platforms such as shopee, lazada, amazon and etc. I have registered my business under ssm. Do I need to get any other license or permit in order to sell my candles?
Hi Joceyln,
Your question has been answered under our forum.
https://www.paulhypepage.my/php-forums/malaysia/do-i-need-a-license-to-sell-product-online/
Feel free to interact with us in the forum if you need further clarification. We will be happy to assist.
Best Regards,
Paul
Hello there, I want to start my own beverage brand (non alcoholic), I got the raw material from other region already, other than that like glass bottle from outside. My question here is what license needed for me to manufacture here in Malaysia? For example if I ask pelangi manufacturing to manufacture my bottles, other than Halal certificate, SSM what else I need? Thank you in advance.
Hi,
Your question has been answered under our forum.
https://www.paulhypepage.my/php-forums/malaysia/start-my-own-beverage-brand/
Feel free to interact with us in the forum if you need further clarification. We will be happy to assist.
Best Regards,
Paul
Hi Paul,
I registered a fashion business with SSM and I do it from home. My business address as registered is my home address. I specialise in printing t-shirts, name tag embroidery and sewing of fabric mask.
What other business license do I need apart from my business registration certificate?
Note that the business is registered here in Malaysia as an enterprise. Meanwhile, I’m Malay.
Hi,
Your question has been answered under our forum.
https://www.paulhypepage.my/php-forums/malaysia/others-business-license-need-from-business-registration-certificate/
Feel free to interact with us in the forum if you need further clarification. We will be happy to assist.
Best Regards,
Paul
Hi Paul,
I were planned to open up a barber shop.
Besides SSM, any other licensing needed?
Thank you.
Regards,
Hi Theva,
Your question has been answered under our forum.
https://www.paulhypepage.my/php-forums/malaysia/license-for-opening-a-barber-shop/
Feel free to interact with us in the forum if you need further clarification. We will be happy to assist.
Best Regards,
Paul
Hi,
May I know whether I need to have an SDN BHD in order to get an import export licence?
Thank you
Hi,
Yes, to obtain an export import license, you will need to have an Sdn Bhd company first.
Please contact us via Paul Hype Page to discuss further.
Thanks
Could you provide me more details about the criteria to apply Liquor License? Also what are the requirements and fees. Thanks
Hi Lizzie
The type of license you require depends on your exact business plan and the needs you have. If you would like to discuss this further, please contact us via Paul Hype Page.
Thank you for your comment.
Warm regards
Paul
Hi Paul,
Do I need to apply for any trade/business license to teach piano from home?
Thank you
Victor
Hi Victor
Yes, your business would require certain licenses in order to teach music. The licensing requirements vary depending on your specific business and your needs. To discuss further, please contact us at Paul Hype Page.
Thank you for your comment.
Warm regards
Paul
Hi,
If I would like to start a business of connecting enterprisers with errand runners, and to provide marketing solutions to enterprise on an online platform. May I know what type of licenses are required? I am based in Malaysia.
Thank you and very much appreciated.
Hi Amanda
The licenses required depends on the nature of your business. If the errand runners are freelancers or employees to your firm, will affect the license requirements. If you would prefer, please contact us so we can better advise you.
To facilitate further discussion, please contact us at Paul Hype Page.
Thank you for your comment.
Warm regards
Paul
Hello Paul,
Hope all good at your end.
Well i am running a registered callcenter in Pakistan and looking to have an office in malaysia for callcenter and online Digital web designing work.
Kindly let me know the requirement
Awaiting for your prompt response
Shiva
Hello Shiva,
If you are interested in starting a business in Malaysia, you will have to incorporate the company according to the regulations which have been specified by the Companies Commission of Malaysia (SSM).
For further information on incorporation, please contact us at any time.
Thank you.
Good days, I am planning to start an online business selling liquor products, do I need to apply any type of license in order to legally operate without hassle?
Hi Simon:
To start an online business which sells alcoholic beverages in Malaysia, you may require a liquor license. The exact type of license will depend on the nature of your business and where the beverages are to be consumed.
You will have to incorporate your company first before applying the license. Our company startup experts will be able to help you from the start. Contact us today for a quotation.
Paul
Good day
Hai i would like to start gold business with my partner from afirica he is the owner for goods and he would like to bring his goods from afirica and storage in our bank and my part to sell it .i have consultant ssm , what are the other license or procedure i need follow .my partner have his trade license and export license from his country .can you give me any guidelines tq
Hi, I would like to register a Sdn bhd company which main Activity is organizing business events, trade shows and exhibitions. What type of business license will I need? Thanks
Hi Zoma,
First and foremost, thank you for choosing Paul Hype Page as your preferred corporate service specialist.
Now, please allow me to answer your question.
1. Foreign companies conducting services (which could include events) is required to obtain a WRT licence from the Ministry of Domestic Trade, Cooperatives and Consumerism.
2. However, further licensing might be required, depending on the venue of your events, the type of event that is going to be taking place, the number of pax that is expected, outdoor or indoor, and etc. There will have some other required licensing, depending on the criteria stated.
3. We could perhaps assist you further if you provide us with more details of the event.
Best Regards,
Paul
Good day,
I would like to open an act show gallery. Does it require to apply license in Malaysia?
Good Day
I would like to open a Barber shop and Cash Wash Business, However i am new to this. What would be the process like, How would i register my business and do i need (SSM) ?
Any guidance will be much appreciated.
Dear Palanisamy,
Yes all company requires a corporate Secretary to setup and incorporate and also to follow up on the business annual compliance reports.
Do contact us for a full set of incorporation services all under one roof. Email paulhypepage@php-cpa.com.sg
Cheers
Paul
Hye there,
During sign off to get the sdn bhd license, all the share partners must be at Malaysia or one (Director) is enuf?
– 51% share belong to a malaysian
– the rest belong to foreigners.
Dear Mimi,
Thank you for contacting us. Generally, a Sdn Bhd requires 1 Director minimum. The Director can be individual or corporate but must have at least 1 local Malaysian.
Also, it must be decided if the ownership will be joint venture with Malaysians or 100% foreign owned, as this will affect the paid up capital needed for different purpose of incorporation. Should you require more assistance and advice, please do drop us an email at paulhypepage@php-cpa.com.sg and our Corporate Specialist will get back to you.
Best Regards,
Paul
Hi, We just registered our company in Malaysia but was temporarily closed for a while. We are looking for someone who could manage it initially such as a Company Director and Secretary. This company is 100% fully owned by a foreigner, a Sdh Bhd. Thus, I’m looking for cost-effective service fees and charges. Can you give me details, please.
Thank you.
Dear Sarah,
Thank you for getting in touch. Please drop us an email at paulhypepage@php-cpa.com.sg and our Corporate Specialist will get back to you as soon as possible with any details you require.
Best Regards,
Elise
Hi there, I intend to provide stock/financial trading courses and business consultancy in Malaysia, do I require any specific license regarding on that?
Dear Leo,
Thank you for contacting us. Please drop us an email at paulhypepage@php-cpa.com.sg (if you haven’t already done so), and our Corporate Specialist will get back to you as soon as possible.
Best Regards,
Paul
Give me a call.
Dear Jaso,
Thank you for contacting us. Please drop us an email at paulhypepage@php-cpa.com.sg if you haven’t already done so, and our Corporate Specialist will get back to you as soon as possible.
Best Regards,
Paul
Dear Paul,
I would like to ask if were to operate a data server factory in Selangor, what license do I need?
And, I believed it will be in the ICT/MSC category, any benefits (eg. tax exemption) that I can obtain from there?
Hope to hear from you soon. Thank you.
Regards,
Johann Lim
Dear Johann,
Thank you for your enquiry.
To set up a data centre, you do not need any special license from the authority. However, you need a Private Limited Company (Sdn. Bhd.), premise license for your office and signage license (if there is any signage involved). Our Corporate Specialist has already gotten in touch with you with more details.
Best Regards,
Paul
Hi,
We are setting up a car rental company. please advice what type of license we shall apply?
Dear Peter,
Thank you for getting in touch. Our Corporate Specialist will be advise you regarding the business setup process in Malaysia and the different types of business license. If you have any further questions, please do not hesitate to contact us at paulhypepage@php-cpa.com.sg
Best Regards,
Paul
Hi,
Please help me.
My company have plan to start business in malaysia. Can you help me to get answer below?
1. For financial company or leasing business, Does foriegn company owen 100% share?
2. How many type of business license for financial institution in malaysia?
3. How to get that license?
Dear Syamsudin,
Thank you for getting in touch.
1. You cannot have 100% foreign ownership in this case.
2. In Malaysia, you will need a Bank Negara Malayska license and possibly Securities Commission license if there are securities involved.
3. To get the license, you will need to apply with Bank Negara MAlaysia and Securities Commission.
Hope this helps. If you need further assistance, please do not hesitate to make an appointment with us.
Best Regards,
Paul
Hi, I am considering to have a 100% foreign company in Malaysia.
Nature of business in repairing and maintenance of air conditioning systems for buildings and factories. Do I need WRT license to operate and apply visa for my directors?
Also what do I need to apply for my foreign directors and how much (cost) and how long?
Thank you.
Suteru
Dear Suteru,
Yes, a WRT is required for foreign owned companies in Malaysia. As for the foreign director, we need to know which country are they from and the duration of their stay in Malaysia. Only then we will be able advise you accordingly. My colleague will email you with more information, please feel free to drop us an email at neo@paulhypepage.com or paulhypepage@php-cpa.com.sg if you have any further questions.
Best Regards,
Paul
my company is a restaurant operate in Malaysia more than 10 years, recently need to apply an Restaurant Manager from Hong Kong, had been informed that the company need a WRT license since 100% owned by foreigner, your company provide service to assist on the WRT application ?
Dear Yap,
Yes, we would be happy to assist with your WRT application. My colleague will email you with the necessary details.
Please do not hesitate to email us at neo@paulhypepage.com or paulhypepage@php-cpa.com.sg if you have any more questions.
Best Regards,
Paul
Hi, to setup a car leasing company, what special license required?
Dear JK,
Thank you for getting in touch. My colleague will email you regarding your query.
Best Regards,
Paul
Hello, I need advice on applying for business license to run educational learning services like courses, workshops etc in kl.
Dear Ms Chan.
The type of business license require depends on the type of courses and workshops that you are running. As different type of courses/classes might fall under the control of different govt department. Also, if you are running your lessons from a permanent location. Then you need to consider the premise license as well. To fully understand this field, we would suggest for you to disclose more information to us or even schedule an appointment with us in order to discuss further.
Regards,
Paul
Hi, I am planning to publish a children educational workbook to be given away on purchase of an educational kit. The sale of the educational kit is ok as I have a registered sole proprietorship but I am wondering if I need a publishing licence to give out the workbook (for free) which is solely designed by me.
Thank you
Yes, you would need a publishing permit even though the book alone is not for sale but to be given away together with the educational kit. We would encourage to arrange with our business consultant to understand the details and steps needed to apply for publishing permit. Thank you.
Hi there,
Happy New Year! I want to go into the education business, namely language centers. I am in midst of forming a Sdn. Bhd. company for that. May I know what kind of license and the procedures to take?
Thanks!
Hi there, Thanks for enquiry. Company licenses are important for any business to be conducted in Malaysia. But whether your business/company is required to obtain such license, we need to have a discussion to run things through before we can give you the best suggestion.
Hence we would like to recommend you to set up an appointment with our country manager, Mr Neo (neo@php-cpa.com.sg and +6012-3830252). During the appointment, we will discuss your requirement and propose the best solution for you.
Regards,
Paul
Hi,
I want to start business for Restorant & mobile laptop accessories selas & repair.
not sealing the laptop or mobile just repair.
I am a foreigner exact what kind of licanse I need.
I need also the director work permit.
before I going to process the set up of company I need to know what is the best way for me.
Best Regards
Md Shameem Ahammed
Dear Shameem,
Restaurants and electronic equipment sales and repair businesses are quite common in Malaysia.
It would be easier to set up such businesses in Malaysia if you have local partners. The companies incorporated to run these businesses must be a joint venture between local and foreign partners.
Setting up a purely foreign company to run these businesses require special licenses and business structures which we will advise you to arrange a consultation session with us. Director work permit will be discussed in the consultation session as well.
Kindly contact Mr. Neo our country manager at +6012-383 0252 or neo@php-cpa.com.sg
My company is providing security system (Alarm,CCTV,Door Access ect) and smart home system for house,office and factory. May i know what licence i need to apply for? My office at Kuchai Entrepreneurs Park. Which local Authority i need to go for the business licence application?
Dear Chong,
I will need more information from you to better advice you. Do drop us an email at paulhypepage@php-cpa.com.sg
cheers
Paul
Hi,
We are setting up a mini cafe, our cafe serve tea, coffee, fruit juice, bake bread, bake chicken& fish, spaghetti, bake egg, cake and dessert. We also playing some music from online fm. please advice what type of license we shall apply?
Dear Lotus,
Depending on the place of business, you will need to obtain a license from the local town council to get a operating license and also license to play commercial music. Of course to start you will also need to register a company for a business license. If you are a foreigner, you will have to look at Wholesale Retail Trade WRT business license in Malaysia.
There are four types of WRT licenses, approval is renewable every 2 years and the category eligible to apply for the following businesses to operate in Malaysia:
1. Retail, Trading (Import and Export), Distributive Trades
2. Restaurant
3. Franchise Business
4. Services and Consultancy
Do drop us an email to give us more details in-order for us to assist you with the right solution.
Cheers
Paul
I am thinking of setting up Sdn Bhd for a consultant and engineering business. Directorships Malaysian and foreigner.
Thanks
Kyna
Dear Kyna,
It is great to be able to setup your own Sdn Bhd, our corporate specialist will be able to assist you with all the compliance required in order to register your company and start your business.
We will drop you an email shortly.
Cheers
Paul
hi,
my company would like to get a media and publishing license to run magazine business .
kindly advice the package and requirement.
Dear Franco,
My consultant will contact you shortly with regards to the procedures to setting up a Sdn Bhd (private Limited Company) in Malaysia as well as the different types of business license.
Thank you
Paul