Business License for Malaysia Sdn Bhd Company
Before a business can legally start operating in Malaysia, all businesses are required to have some of form of business licenses to operate and comply with.
Within the Business license for Malaysia Sdn Bhd Company guide, the Company license is the basic requirements by the legislation and administered by various government agencies, statutory bodies and local authorities to accept your applications include registrations, approvals, and other licenses and permits if applicable.
The compliance requirements vary by industry, business activity, and states governments depends on your business operation location.
[Read: Various Types of Business Entities for Malaysia Sdn Bhd Company]
There are three (3) major categories for Business licenses for Malaysia Sdn Bhd Company as follows:
Company License for Malaysia Sdn Bhd Company
Eight (8) basic company licenses required and shall be applicable once the entrepreneur set up the Sdn Bhd company in Malaysia, namely:
| Basic company licences required | |
|---|---|
| Company Registration License | Company Commission of Malaysia (CCM) |
| Company Tax Registration | Inland Revenue Board (IRB) |
| Employer Income Tax Registration | Inland Revenue Board (IRB) |
| Employees Provident Fund | Employee Provident Fund |
| Social Security Organisation | Perkeso |
| Business Premise Licenses | Local Town Council |
| Signboard Licenses | Local Town Council |
| Human Resources Development | Human Resources Board |
The conditions to apply the above may vary from state to state depends on your business operations location in Malaysia.
Industry License for Malaysia Sdn Bhd Company
The Industry licenses are licenses unique to a particular industry or sector which your Sdn Bhd Company operates in as the main business nature. These Industry licenses are regulated by the various Governmental departments and may restrict foreign participation in certain industries or sectors in line with the economic development policy of Malaysia and protect the interest of the Malaysia citizens.
Some industries have been fully liberalized for foreigners to have 100% foreign ownership.
Examples of Industry licenses are:
| Industry | Regulated Bodies |
|---|---|
| Manufacturing | MIDA |
| Telecommunication Sector | Malaysian Communications and Multimedia Commission (MCMC) |
| Wholesale, Retail Trade | Ministry of Domestic Trade, Co-operatives and Consumerism (MDTCC) |
| Publication | Home Ministry Affair |
| Broadcasting Sector | Malaysian Communications and Multimedia Commission (MCMC) |
| Construction | Construction Industry Development Board (CIDB) |
| Tourism and Travel | Tourism Malaysia Board |
| Banking Sector | Malaysia Central Bank |
Activity License for Malaysia Sdn Bhd Company
Activity licenses are licenses that regulate activities of Sdn Bhd Company that required to comply when hit a certain threshold, in addition to the requirements to your Industry License and immigration matters.
These Activity Licenses are designed to protect and promote the interest of the Malaysians employment, the safety of workers, environment and the general public. It could be applicable to one or more Industries or Sectors depends on your nature of business.
Examples of Activity Licenses are:
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Feel free to send us your enquiry to contact@malaysiabizadvisory.com or fill in below form if you keen to start up a business in Malaysia, we will advise the best fit for you to minimise your risk!
Business Licence for Malaysia Sdn Bhd Company