Malaysia Business License - Must Obtain Before Starting Business In Malaysia
Posted by S & F Consulting Firm Limited on December 11th, 2018
For foreign companies, doing business in the Asian nation needs many licenses. They depend upon the character of the commercial activity. you're needed to use licenses applicable to your business solely. They are, among others.
MANUFACTURING LICENCE
Who should apply?
If your company is to interact in any producing activity and its shareholders’ funds is RM2.5 million and higher than or employs seventy-five or additional regular workers, it’s needed by the commercial Coordination Act 1975 to get a producing Licence. But if your company is below these thresholds, it’s exempted from deed the license, however instead should apply for a confirmation letter that it’s thus exempted.
1. If you wish to expand or diversify product, regardless of whether or not you're already authorized or not,
2. If your company is concerned about technology or strategic project for brand new producing Activity,
3. If your company is concerned with technology, strategic project for growth or diversification,
4. If your company is concerned in the new agricultural or integrated agricultural project,
5. If your company is concerned with growth or diversification of Associate in the Nursing existing agricultural or integrated agricultural project,
6. If your company may be a little scale producing company, and
7. If your company is concerned within the development of public sector R&D findings in resource-based or non-resource-based Industries.
Conditions
However, the producing project cannot qualify for the license if it’s labor intensive, particularly the Capital Investment Per worker or C/E magnitude relation for the project is a smaller amount than RM55,000 unless you’ll prove that,
The added is a half-hour or additional,
The social control, Technical and higher-up (MTS) Index is 15 August 1945 or additional,
The project undertaken involves promoted activities or product within the List of Promoted Activities and product– technology corporations, or
Your company is Associate in Nursing existing company that has been rest exempted from applying for a business license.
Where to apply?
The application is with the Malaysian Industrial Development Authority (MIDA) that should be submitted at either workplace below. the appliance forms and different documents should be crammed up consistent with the rules here and submitted in 3 three copies.
