Start export import business in Malaysia 2020 - Export import company registration in Malaysia

To start an export-import business in Malaysia, to import or export goods in Malaysia all traders first need to do export-import company registration in Malaysia (as per the Company Act 2016) with a legal company secretary service provider,  Lim & Ani Associates, providing company setup advisory, accounting services consultancy, taxation planning advisory, business advisory service, export-import licenses process consultancy, warehouse & office rental, supplier contact, shipping support, banking & LC support, etc. a one-stop business solution in Malaysia. 


Once registered, a business bank account is done with a formal office setup, and the company should apply for an import license from the Ministry of International Trade and Industry (MITI).

• When bringing goods into or out of Malaysia, you need to provide the following documents to customs officials. Customs Export or Import Declaration
• Commercial Invoice
• Bill of Lading
• Packing List
• Certificate of Origin

Permits required for certain exported goods
Certain goods require additional approvals from affected ministries under the Customs (Prohibition of Export Order, 1998) :

• Wastes and toxins (Director General of Environmental Quality)
• Animals – dead or alive (Permit from Wildlife Department & Department of Veterinary Services)
• Coral used in jewelry (Export permit from Director General of Fisheries)
• Wheat or Meslin Flour (Permit issued from Ministry of Domestic Trade and Consumer Affairs)
• Pesticides (Ministry of Agriculture)

Tariff & Tax
Malaysia follows the Harmonized Tariff System (HTS) for imported and exported goods that have not originated (ASEAN). For goods arriving from ASEAN member states, Malaysia follows the ASEAN Harmonized Tariff Nomenclature (AHTN).


Free Trade Zone
Port Klang Free Trade Zone is a very popular one, as Port Klang is the commercial sea gateway of the Malaysian trade system. This zone includes 1000 acres of land, with many benefits for local & foreign investors.


Malaysia is a partner in seven bilateral free trade agreements (FTAs) and six regional FTAs. Malaysia has signed bilateral FTAs with:

• Australia;
• Chile;
• India;
• Japan;
• New Zealand;
• Pakistan; and
• Turkey.

Conditions & procedures for applying the licenses
Companies need to be registered in Malaysia under SSM. Companies need to submit the Application Form together with:

1. Customs Form JK69 or K2.
2. Memorandum and Article of Association (M & A).
3. Super form: Information of Shareholders.
4. Super form: Information of directors, secretary of the company

PROHIBITION/RESTRICTION OF EXPORTS
- The following goods are prohibited from exportation:

• Turtle eggs.
• Rattan from the Peninsula of Malaysia.

- The following are some of the goods which require an export license/permit from relevant authorities:

• Any animal or bird, other than a domestic animal or domestic fowl, whether alive or dead or any part thereof.
• Live animals from bovine species.
• Poultry.
• The meat of bovine animals.
• Cockles. 
• Plants including orchids.
• Vegetables, fresh, chilled, or frozen in excess 3kg per consignment.
• Palm kernels and palm seeds.
• Military clothing and equipment.
• Arms and ammunition.
• Antiquities as defined or stated in any written law in Malaysia.
• Sugar and rice
• Coral, alive or dead.
• Live prawns/shrimps/fish.
• Collections of zoological, botanical, mineralogical, anatomical, historical, archaeological, or ethnographical with numismatic interest.

As a main sector of business Malaysia govt's industry development authority welcomes Traders from home & abroad to invest in Malaysian international trading with a defined business law & flexible policy. The investor-friendly world-class infrastructure gives a boost to investor's business & profit, and land & sea communication is also a blessing in Malaysia, with a vast source of educated manpower & defined taxation policy.


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


Our advisory line to discuss more about starting a business with business management
+601126664168 (advisory number)


Call, Email, or text us & make an appointment from the website to visit our office in Malaysia.
LIM & ANI ASSOCIATES SDN BHD
Call: +601126664168
Call: +60108242527 
Call: +603-58856648 (office landline)
Email: [email protected]
www.mbbusinessjoint.com

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