Business License for Foreigners

Types of  Malaysia Business Licenses for Foreigners

Foreigners who intend to set up a Malaysia Private Limited Company (Sdn Bhd) will need to know the various types of Malaysia Business Licenses for foreigners which has to apply and qualify to their business activities. The 100% foreign owned company may not be allowed in certain trade license as these licenses may require local Malaysia participation in the application.The requirement and process for the foreigners to apply for the types of Malaysia business licenses for foreigners in Malaysia apply same as the local Malaysians.

Below are some examples of how and where needed to apply for the various types of Malaysia business licenses for foreigners from the Malaysia Governmental departments :

EDUCATION – Universities, Colleges, Schools, Tuition Centres, Language Centres License

TOURISM      –  Ticketing/Reservation Tour Operator

TRANSPORTATION  – Car Rental License

IMPORT/EXPORTS – Wholesale Retail Trade(WRT) License for Trading, Import, Export, Restaurant

MANUFACTURING – Manufacturing License

HOTEL / Restaurant– Hotel License, restaurant License

CONSTRUCTION – Construction Industrial Development Board and Engineering License

IT – Multi-Super Corridor (MSC) License

Trading/Sales – Direct Selling License (WRT)

The condition of approval of the above licenses may subject to the degree of participation of local Malaysians in the company as Director and/or Shareholder.

The most common trade license needed by foreigners is Wholesale,Retail Trade WRT License in Malaysia . This license is for company with 100% foreign ownership to participate in retail,franchise, restaurant, trading, import and export businesses.

Other categories of Malaysia business licences may also apply to foreigner who operate restaurants,retail stores by the Malaysian Local Town Councils (such as DBKL,MPAJ, MPSJ, MPSA,etc).

The approval processing time for business licenses application by foreigner varies between 4 to 8 weeks, depending on the type of license.

As a foreigner, before you start your business in Malaysia, it is advisable to have a complete understanding to the type of licenses required for your intend business. This is enable you to have a a hassle free solutions and avoid costly mistake, starting from the very beginning when you register a Malaysian Private Limited Company (SDN BHD).

We continuously search the companies which have a very sound track record of successful from all over the world and are able to assist the Foreigner clients. QADKAM is one of the leading relocation company owned by Malaysians.

WRT License Malaysia

Please bear in mind. It is not simple to get WRT license. If your company is having many activities (mentioned on Memorandum of your Company), its almost impossible to get WRT License. If you wish to get the WRT license then add only “to the point” activity on company’s Memorandum.

To apply WRT license Malaysia, first you need to have a company with at least RM1 million “Paid Up capital”. YOu may contact QADKAM to get such company registered in just 3 to 5 working days.

Then you need to arrange physical premise for your company as per your company activity. Then get ready to submit your WRT License application directly at ministry’s office.

WRT License Application Fee

There is no fee for WRT license application.

License for I.T Company

I.T business is very easy to get Malaysian Work Permit. If you register your I.T company through QADKAM, it is very simple to apply Work Permit. After company registration, you need to create a free account on MDeC website. Submit all necessary documents to MDeC. Once accepted, you will receive login details to apply work permit online for you and your foreigner knowledge workers.

For Further information please visit: How to start Business in Malaysia”

For any assistance, you may contact QADKAM Worldwide, Malaysia.

Please Click Here for contact details of QADKAM Worldwide, Malaysia.