Licensing Requirements for Doing Business in Malaysia

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Business Premise Licenses

Companies that deal with Malaysia must apply for a permit for issuing prescriptions and for licensed licensing from the competent civil servants. License requirements for Malaysian business premises and applications for licensing may vary depending on local government. Generally, a business license and a license for a character must have the following:

 

  • Photocopy of the applicant's ID card.
  • Photograph sizes of the applicant's passport.
  • A copy of the M & A Company and Form 9, 24 and 49.
  • Sell copies of a lease contract or a contract for the sale of a company's commercial premium.
  • A copy of the company's business premiere certificate.
  • A copy of the fire service letter.
  • A copy of the business plan of the company's business premises.
  • Business photos.
  • Photos showing the status of the company's message board.
  • Sample panels, whose design and color are displayed.

Special Licenses

Companies that are working on the following jobs are also required to obtain a specific license: -

I) Manufacturing:  Manufacturing companies holding RM-2.5M shares and employing at least 75 permanent employees must apply for a mid-level license.

II) Banking: According to the Banking and Financial Institutions Act of 1989, the Malaysian Central Bank controls the business of licensing and banking, brokerage, home rentals, loans and finance, business banking, deposited funds and some other financial affairs.

III) Construction and construction: Prior to joining Malaysia, all companies in this area should obtain a license from the Building Industry Development Committee (CIDB) and before they begin to engage in production and related activities in the country.

IV) Wholesale and Retail Trade: The Wholesale and Retail Trade License (WRT) is mandatory for all companies that perform wholesale, retail, trade, import / export and restaurants, which have foreign-owned stocks. Before applying for a professional work permit, a WRT license is required for all industrial areas of the trade.

 

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