Office: +60384081680 | Advisory: +60108242527 (whatsapp)
International brands like 7-eleven, KFC and Burger King, now a days have stores wherever you go? actually they are everywhere. Brands like these are able to expand their brand and business worldly in a grand way through a business concept called franchising.
A franchise business is a business in which the owners (known as “franchisors”) sells the rights of their business that includes logo, name, and model to third-party retail outlets or third-party operators, which is called “franchisees”. Franchises are a very common way of expanding business world wide. We can easily find the examples of famous franchise business models like McDonalds and Subway.
We Lim & Ani Associates providing full business services to setup franchise business in Malaysia with our professional franchise setup experiences.
The Malaysian government has set an ambitious target for the franchise industry to contribute 9.4% to gross domestic product by 2020. Which will make Malaysia the major hub & market of franchise business in the South East Asia region, which is a profitable chance to expand your business & brand in Malaysia through franchise module to full fill your dream of business success, which we make true practically.
Our services to build your own franchise brand in Malaysia:
Malaysia Franchise act & law:
In Malaysia, the franchise business is controled by the Franchise Act 1998 (the “Franchise Act”), which regulates the franchising industry not only in terms of any franchise agreement but implements a systematic scheme of registration for the Franchisor, Franchisee and franchise brokers. On top of that, the advertising and sale or purchase of franchise are governed by this act.
Foreign franchisors can setup their franchise brand in Malaysia to sell & operate in Malaysia under this act & proper policy. But having Malaysian local board member in board is a very wise decision, we also provide local trust worthy partner with security agreement (also known as nominee director).
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