Malaysia Business Licenses Process - Setup Business In Malaysia

Malaysia is one of the world’s best destinations for starting a business or to do investment. Because investing, company registration, business licensing & business setup is more systematic & legal in Malaysia. Malaysian also providing a investor friendly Government policy & global business environment. Malaysia got awarded as the best country to invest in the world 2019 by CEOworld magazine report.    
A business in Malaysia  cannot legally operate without a company registration setup & business licenses according business type. Some may think or tell, doing business licenses in Malaysia is very hard but that is not the scenario, expert business advisors like us - Lim & Ani Associates, we make it easy for you get proper licenses as per your business need.   

There are 3 different category of business licenses:

1. General licenses
2. Industry Specific licenses
3. Activity Specific licenses

1. General Licenses
General licenses are are required to start a business in Malaysia. Here is the list of General licenses, which may be applicable to any business in Malaysia:

1. Company Registration - getting business license in Malaysia is a requirement as specified by the Companies Act. Every company in Malaysia must comply with this requirement. All business must have company registration as SDN BHD from CCM (Company Commission of Malaysia) also known as SSM. Full foreign ownership of business entities such as Private Limited Company (SDN BHD) is legally allowed. However, local worker or staff will still need to be recruited by a wholly foreign-owned company in Malaysia.
2. Company and Employees Income Tax Registration
3. Employees Provident Fund
4. Social Security Organization
5. Human Resources Development Fund
6. Business Premise Licenses and Signboard Licenses - businesses in Malaysia are required to apply for business premise licenses and signboard licenses from the respective State Authorities. The requirements for the application may vary according to each local authority, such as; DBKL, MPSJ, etc.

We do provide all this licenses application process advisory & all the documents required as company secretary, accountant & business advisor.

2. Industry Specific Licenses
Industry Specific licenses are for a particular industry or sector that are specified by the Government & authority. This involves major policies that controlled the development of certain industries or sectors in line with the development policy of the country. Some examples of Industry Specific licenses are:

1. Licenses related to the Manufacturing Sector - A company with a paid up capital/shareholder’s fund not exceeding RM2.5 million or manpower less than 75 people may apply for a confirmation letter that the company is exempted from manufacturing license approval.
2. Licenses related to the Wholesale, Retail Trade - The most common license required for a foreign owned companies is Wholesale, Retail Trade (WRT) License. This WRT license is applicable to any Foreign Participation (i.e. foreign equity at 51% and above) in the Malaysia Distributive Trade Services include wholesalers, retailers, franchise practitioners, direct sellers, suppliers, who channel their goods in the domestic market, and commission agents or other representatives including those of international trading companies.
3. Licenses  related to the Telecommunication Sector
4. Licenses related to the Broadcasting Sector
5. Licenses  related to the Oil Exploration Sector
6. Licenses related to the Construction - All Companies involved in Building and Construction must obtain a licenses from the Construction Industry Development Board (CIDB) before undertaking any construction and related activities in Malaysia.
7. Licenses related to the Banking Sector

We do provide all industry specific licenses application process advisory & all the documents required as company secretary, accountant & business advisor.

3. Activity specific Licenses
Activity specific licenses are for regulate particular activity and often applicable to one or more Industries or Sectors. Some of the activity specific licenses are:

1. Certificate of Fitness for Certified Machinery
2. Approval for Expatriate Post
3. Approval to install/recite/alter Air Pollution Control Equipment (bag filter and chimney)
4. Building Plan Approval
5. Sales Tax License

We do provide all industry specific licenses application process advisory & all the documents required as company secretary, accountant & business advisor.

Business licenses process time
The application process period can be anywhere from the first month to six months. The duration depends on which business owners are applying for an industry license. (This includes small businesses and retail stores). The ministry that gives the business license will conduct business inspections before doing so.

Why Lim & Ani Associates Sdn Bhd
We are providing one of the best business & company setup advisory services in Malaysia, with experienced & licensed company secretaries, professional accountants, auditors, tax & SST experts, expert business advisors and we are offering a one stop business solution in Malaysia. As one of the best leading corporate advisors, we make sure that your company registration & investment in Malaysia runs smoothly & tensions free, while meeting all the existing compliance laws and regulations.
Our company registration consultancy package includes:

• Company registration consultancy
• First company secretary appointment
• Company forms/super form & sections
• CTC's & chop arrangements
• Name search
• SSM charges
• Foreign directors document certification
• Printing & Filing
• Share distribution agreement
• Finding nominee director & agreement
• Prepare signboard & Premises licenses application documents
• Prepare business licenses application documents
• Registered office facility & virtual office facility
• Bank account opening charges (first bank account)
• Service charge & related services
• Business counseling, planning & setup advisory

• - Full package including all this services & charges RM 7650 (one time payment)
  - Local director fee RM 2500
  - No hidden cost & no illegal request acceptable for extra payment.

Our advisory line to discuss more +60108242527 (whatsapp available)
Offering special fee for business advisory clients of "Invest Malaysia (IM2020)" campaign.

Call, Email or text us & take appointment from website to visit our office in Malaysia.
LIM & ANI ASSOCIATES SDN BHD
Call: +60108242527 (imo, whatsap & Viber)
Call: +601121189303
Call: +603-84081680 (office land line)
Email: [email protected]
www.mbbusinessjoint.com

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