Malaysia Business License

Posted by Daniel Mark on April 24th, 2019

Foreigners who intend to establish a limited liability company in Malaysia (Sdn Bhd) should know different types of commercial licenses for foreign nationals who must apply and respond to their business activities. A 100% foreign company cannot be licensed on the basis of a specific commercial license, as these licenses may require Malaysia to participate in the application. local Malay.

Here are some examples of how and when to ask for different types of Malaysia business licenses for aliens from the Malaysian government department:

•          EDUCATION - universities, colleges, schools, enrollment centers, language centers, etc. TOURISM - Tickets / Reservations Tour Operator
•          TRANSPORT - Rental car license
•          IMPORT / EXPORT: Retail license (WRT) for trade, import, export, restaurant
•          MANUFACTURING - Production license
•          HOTEL / Restaurant - hotel license, restaurant license
•          CONSTRUCTION - Council for Industrial Development of Construction and Engineering License
•          IT - MULTI-SUPER CORRIDOR (MSC)

TRADE / SELLING PERMITS - DIRECT SALES (WRT) The conditions for the approval of the above licenses may be the subject of the participation of local Malaysians in the company as a director and / or shareholder. The most common trading license sought by a foreigner is a wholesale, retail and WRT license in Malaysia. This license is for a company with 100% foreign ownership to deal with retail, franchise, restaurant, trade, import and export. Other categories of operating licenses in Malaysia may also apply to foreigners operating restaurants, retail outlets of local Municipal Councils of Malaysia (such as DBKL, MPAJ, MPSJ, MPSA, etc.). The time for obtaining a business license from an alien varies from 4 to 8 weeks, depending on the type of license. As a foreigner, before you start business in Malaysia, it is advisable to have a full understanding of the kind of licenses required for your business. This allows you to have free solutions and avoid costly errors starting from the very beginning when you register a Malaysian Private Limited Liability Company (SDN BHD).