Types of Malay Business Licenses for Foreigners
by
Business Consultant
- March 29, 2019
Commercial/Business licenses for foreigners
The foreigners who intend to establish Malaysian Private Limited Liability Company (SDN-Bhd) will be required to know the different types of Malaysian business licenses for foreigners that will implement and enable their business activities. Is. A 100% foreign ownership company cannot be approved in certain commercial licenses, as the application for these licenses may require the local participation of Malaysia. Application process for Malaysian business licenses (needs and migrants).
Local Malaysians
For example, how and where to apply for different types of Malaysian commercial licenses to foreign nationals from Malian government departments are some examples:
- Education - universities, faculties, schools, teaching centers, licenses for language centers
- Tourism - Travel agency
- Transportation - a car rental license
- Import / Export - Bulk Business (WRT) License for Trade, Import, Export, Restaurant
- Production and production permit
- Hotel / Restaurant - Hotel license, Restaurant license
- Construction - Industrial development committee and engineering license
- IT - Multi-Super Corridor (MSC) license
- Business / Sales - Direct Selling License (WRT)
The condition of granting the above licenses may be the subject of the ownership of local Malaysians in the company as a director and / or shareholder.
The most common business license required by the party is wholesale, retail in Malaysia, WTR There is a license. This license is for a 100% foreign company to participate in retail, franchise, restaurant, trade, import and export.
Other categories of Malaysian business licenses may apply to Malaysia Local Travel Councils (such as DBLL, MA, MPS, MPSA, etc.) For restaurants and traders working abroad.
Depending on the type of license, the processing time for the approval of a business license by a foreign currency ranges from 4 to 8 weeks.
As a foreigner, before you start business in Malaysia, it is advisable to have a thorough understanding of the necessary permissions to approve your business. This helps you find a solution without any trouble and avoid expensive mistakes when registering for a Malaysian Limited Liability Company (SDN BHD), starting from the beginning.
We are constantly researching companies that have the best record of all global success and are able to support foreign clients. S & F Group is one of Malaysia's leading transistors.
WRT License Malaysia
Keep in mind. Getting WRT licenses is not easy. If there are many activities of your company (which are mentioned in your company's memorandum), it's almost impossible to get a WRT license. If you want to get a WRT license, just add a "point" activity to the company's memorandum.
W. R. T. To apply a license for Malaysia, you first need at least RM. It takes a million companies "Capital". You can contact young people to register such a company while you work for only 3 to 5 days.
Then you must have a physically basic arrangement for your company in line with your company's activities. Then prepare your WRT license application directly in the office of the Ministry.
WRT application license fee
There is no fee for the WRT license application.
IT company license
It's very easy to get a Malaysian work permit. If you want to make it through S & F Group When registering a company, it's very easy to get a work permit. After registering the company, you need to create a free account on the MDeC website. Send all necessary documents to MDeC. Once accepted, you will receive login information to make the work permit online for you and your foreign knowledge worker.