How to Obtain a Business License in Malaysiaby Shames P. Global Business advisory
When considering global business in Asia, one country comes
constantly forward with impressive economic record, and that’s Malaysia. Every
year thousands of foreign investors come to this country to try their luck in
business. Need to mention that, starting a business is confusing if you have no
or less ideas regarding new company formations in Malaysia.
If one has sufficient acknowledgement about the process,
he/she should also be aware about the fact that there are various business licenses
which are compulsory when establishing a company in this nation. Here, further
in this article we will see a brief list of licenses, and why each of these are
required in the field to run a business in the land of Malay. We will also figure
out how an entrepreneur can obtain business licenses.
Business licenses entrepreneurs required
Company license comes in two categories in Malaysia. These
can either be Industry-focused license or general business license. Industry
oriented license are basically needed for the investors who have special
industrial requirements. General license, on the other hand, is like the name it
suggests. These are needed for general business purposes carried out in
These are the some of the important business licenses a company
entrepreneur typically collect while doing business:
Direct selling license
Import export license
SOCSO (Social Security Organization)
Vehicular license/ driving license
Hotel and resort license
Travel and tour guide license
License for media and broadcasting
License for purchasing or serving liquor and alcohol
It must be noted that, a single company doesn’t need all of
those licenses listed above. Governmental requisitions vary business to
business. Requirements of license also varies in a same way for companies.
general, SSM and local town council of Malaysia maintain and supervise all
license approval activities issued by clients who are interested in retail
industries, manufacturing factories and restaurants as a foreigner
investor in Malaysia. However, governmental body concerned under Fire
Brigade Department also approve some of the licenses required to do business
than business licenses there are some other utility licenses that are
compulsory to keep the company formation registration process legal. For
instance, a business initiator must have business premise license, Halal
are the requirements for obtaining business license?
requirements acquiring business licenses varies with requirements and type of
the license. It also depends on the local or state authorities of the
country. Every application must go through several fixed requirement, and some
on-spot inspections to validate the desired license.
also have to pay certain governmental fees to process the license and the
process time also varies from one department to another. However, the
eligibility to be an entrepreneur greatly depends upon business capital the
owner can demonstrate to the authority, capability, business planning and
systematic procedures as suggested by the local authority of the country.
for some necessary business license in Malaysia
Appropriate application form
Photocopy or xerox copy of Section 58 form
Sample of registration approval letter from the IRB (Inland Revenue
Board of Malaysia)
A stamped copy of Section 32A form in case the owner decides to transfer
shares of the company in future.
The license for such business module typically requires 5
to 7 day of time to approve
License approval can be obtained only when a company is
registered with Companies Commission of Malaysia (CCM).
Need to fill-up appropriate registration form, and submit
it to the authority along with Customer form (JK69).
Other forms that need to be submitted are form-24 which
give data of shareholders, and form-49 that gives information of directors and
manager and other high-profile authorities in the company.
One more approval paper that need to be kept under
consideration is the form for heavy machinery and industrial chemicals.
business licenses often gets tricky due to the positioning of the company in
Malaysia. The regulation varies in different provinces of Malaysia. S & F
consulting, a renowned business consulting firm has the answer for all your
license related queries. So, once you
have any query, now you know whom to contact.
Created on Oct 2nd 2019 23:42. Viewed 601 times.