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AGRICULTURE AND FISHERIES BUSINESS SETUP IN MALAYSIA WITH COMPANY
The agriculture and fisheries industry alone contributed 8.2 per cent of Malaysia’s GDP in the year 2017. The food base agriculture industry includes commodities such as rice, fruits, vegetables, fisheries and livestock. the main institution which handles the development of the field is the Ministry of Agriculture and Agro-Based Industry (MOA).
In order to start a business in Malaysia, investors need to open a company in Malaysia, In most of the cases which should be a SDN. BHD. comapny. Foreigners are allowed to set up a company with 100% foreign capital, which is usually registered as a limited company (SDN. BHD.). However, it is important to know that all the companies registered here require at least two directors, at least one of them must be residents of Malaysia. At the same time, it is compulsory to have a business address registered in Malaysia, as well as a corporate bank account.
Our team of associate business specialists, company secretaries & legal business advisors in Malaysia can assist investors with company registration & business setup including agriculture or fisheries land lease & licenses.
Malaysia has a network of farmers’ organizations that come under the administrative jurisdiction of the Farmers’ Organization Authority, a statutory body under the supervision of the Department of Agriculture. Under the Farmers’ Organization Act 1973, any person engaged in agricultural or livestock production is eligible to be a member of, and to form, a farmers’ organization registered under the Act.
Identify and summarize the legislation addressing agricultural property transactions in your jurisdiction. Outline how farmland is typically held.
Pursuant to the Federal Constitution of Malaysia (the Constitution), land matters generally lie within the jurisdiction of the various state governments:
Labor & worker policy for agriculture sector
There are no specific rules or laws governing the rights of workers for agricultural operations. As is the case with workers from other industries, the rights of workers for agricultural operations are primarily covered under the:
Foreign workers for agriculture sector in Malaysia
Non-citizens working in Malaysia must obtain the applicable work permits, depending on the types of work carried out. Under Malaysian immigration laws, foreign workers are only permitted to work in the following sectors:
Law regarding export-import agriculture goods
The Customs (Prohibition of Imports) Order 2017 and the Customs (Prohibition of Exports) Order 2017 issued pursuant to the Customs Act 1967 list goods that are either absolutely prohibited, or which may be imported or exported subject to the importer or exporter obtaining the relevant import or export license from the specified authority.
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, expert business advisors and we are offering a one-stop business service in Malaysia. As one of the best leading corporate advisors, we make sure that your company registration, investment, 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 & company in Malaysia
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