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Business License

Before a company legally start operating in Malaysia, it is required to have certain Malaysia business license to operate and comply with. The requirements for Malaysia business license application may vary according to each local authority. Some of the Malaysia business licenses are required local Malaysian’s participation (in term of shareholding and directorship) in the application.
Below are some examples of Malaysia business licenses:
Local Council License (Business Premise License and Signboard License)
Local Council License is a simple license which you need to get from the local authority (e.g. MBJB for Johor Bahru) where your company’s physical office/shop located at. This license is mandatory for all companies that is operating in a physical office/shop.
WRT (Wholesale Retail Trade) License
WRT (Wholesales Retail Trade) License is for company with more than 50% foreign ownership participating in wholesale, retail, distributive trade, franchise, restaurant, trading, import and export business. This license is get from Ministry of Domestic Trade, Co-operative and Consumerism (KPDNKK). The minimum paid up capital requirement is RM1 million.
Manufacturing License (MIDA)
The Industrial Coordination Act, 1975 requires person(s) engaging in any manufacturing activity with shareholders’ funds of RM2.5 million and above or employing 75 or more full-time paid employees to obtain Manufacturing License. This license is get from MIDA (Malaysian Investment Development Authority).
Building and Construction License (CIDB)
All companies in construction related business (e.g. civil engineering, building construction and mechanical and electrical) are required to apply CIDB (Construction Industry Development Board) license.
 

What We Can Help You?

We are one of the recognized accounting firm located at Johor Bahru (Johor) and Penang Island (Penang), Malaysia that provide one-stop financial report compliance services, which includes bookkeeping, accounting, company secretarial services, tax preparation services, business consultancy and etc.
Our group of companies include licensed Secretarial Firm that registered with Chartered Secretaries Malaysia (MAICSA) in Johor Bahru (Johor) and Penang Island (Penang), Malaysia. This allow company (e.g. Sdn. Bhd.) registered in Malaysia engage us as their company secretary to assist them in compliance with Malaysia statutory requirements.
Our experienced staff will assist client with:
  • Act as named company secretary for your company to communicate, prepare, submit of statutory returns with the Companies Commission of Malaysia (SSM) in compliance with statutory requirements under Companies Act 2016.
  • Prepare resolutions required by company board of directors and attend your board meeting if required.
  • Prepare your company financial report compliance with Malaysia rules and regulation, include GST, MPERS, MFRS and etc.
  • Provide professional advice related to your business set up, operation and Malaysia rules compliance, include company incorporation, accounting, payroll and etc.
 
 

L & Co Plt.

Johor
18A & 20, Jalan Sasa 2, Taman Gaya, 81800 Ulu Tiram, Johor, Malaysia.
Tel +607-859 0410
Fax +607-863 1003
Penang
S1-3, 1-21-01, Suntech @ Penang Cybercity (1575), Lintang Mayang Pasir 3, 11950 Bayan Baru, Penang, Malaysia
Tel +604-377 7075
Fax +604-619 2699
 
     

What Our Client Say

     
L & Co always carry their services in professional way – well planning, in time, precise, friendly and professional. While we are stuck with problems, they can always advice us with industrial best practices and their views.
 
YM Tan
ICT Automation (M) Sdn Bhd
www.ict.com.my
 
  External Audit   Income Tax Submission   GST Consultancy   Tax Incentive Application   Corporate Advisory   Income Tax Audit   GST Submission  
                             
  External
Audit
  Income Tax
Submission
  GST
Consultancy
  Tax Incentive
Application
  Corporate
Advisory
  Income Tax
Audit
  GST
Submission
 
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