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In order to conduct your business legally in Malaysia, one would require some sort of permit or a license for their company. There are various forms of business license in Malaysia requirement and price that can be either general license, an industry license or even an activity based license.
|SOCSO||DSL (Shipping License)||Halal|
No matter the kind of license we are talking about, all of them are monitored by different governing bodies, agencies, statutory bodies and even local authorities. Business licenses are required by law or every company no matter what your operations are. The requirements for different licenses may vary depending on the industry, business activity or even the state you are working on.
These are licenses that are required and are only applicable once the investor has gone on with his decision to conduct his business in Malaysia. The list o General Licenses are given below
These kinds of licenses are given out to the specific industry. The government decides which sectors will fall under these licensing. It is done more or less to ensure that these certain industries in the country develop better. Examples of such industry or sector include the following;
Activity Specific Licenses are the types of licenses which are issued in order to monitor certain activities. This can be applicable to the certain industry or just a specific sector of the economy. The basic purpose of issuing such licenses is to ensure that the investors are aware and duly comply with certain guidelines set by the government. This ensures that the rights of workers are maintained, the interests of citizens are protected, the safety of labor is ensured and the environment is not damaged.
Primes examples of Activity Specific Licenses are given below
Different kinds of business require different types of licenses. All these are issued by the various departments of the government. Here are a few examples of the types of licenses and the departments of government that issues them.
|Banking||Central Bank License for Banking, Financing and Leasing|
|Construction||(CIDBEL) Construction Industrial Development Board and Engineering License|
|Direct Selling||Direct Selling License|
|For Imports & Exports||Wholesale Retail Trade (WRT) License for Trading, any Import & Export, Consultancy and for Restaurant Business|
|Education||Licenses for establishing Schools, Colleges, Universities, Tuition Centers and Language Centers|
|Hotel||For Budget Hotel License and Luxury Hotels|
|Media||Publication License for Magazines and Books. Broadcasting License for Music, Singing, TV and Radio|
|Transport||Car Rental and Vehicle Leasing License.|
|ICT||Multi-Super Corridor (MSC) License|
|Tourism||Inbound, Outbound, Ticketing License|
Easy question, why business license is required whereas Sdn Bhd incorporation certificate and SSM copies in hand? At the first when travel in Malaysia to open new company might think wrongly that as company (Sdn Bhd) is done so all clear to start business now. It's not like that as other licenses are required along with SSM copies. Knowing information of application way and business license Malaysia requirement is smart job as foreign and local investors. I guess, you can get information from below discussion about signboard license so now have check requirement of EPF and SOCSO license.
This is one kind of license as required doing business in Malaysia. If employer fail to contribute EPF will be fined by KWSP department. Whereas employer will contribute 13 percent (basic salary) whereas employee will contribute 11 percent (basic salary) and freely might ask question what is the benefit? Yes, there are some benefits as well, like employee can visit doctor without fee and retirement benefit is logical word.
Corporate responsibilities comes in when run business and employer and employee are responsible to contribute same. Medical and insurance benefit enjoys company employees.
Wholesale and Retail Trade License is required for 4 types of businesses. To apply of WRT licenses foreign share holding companies have to show paid up capital of RM 1 million. Process of WRT license is required of time, might be 3-6 months.
Well, to start a new business incorporation from SSM is one requirement and additionally all other licenses have to have to run business completely. Licenses are: -a) Signboard b) Premise c) Export d) Import e) WRT f) Halal g) Notification h) EPF i) SOCSO j) ESD (for visa and foreign manpower import purpose)
Let discuss to know the requirement of signboard license Malaysia, process and price for all applicants. Can you run business without signboard license in Malaysia? Yes and No ! IF NO: If your business location is inside of building and license hanging from of gate is unnecessarily. Still, you might be questioned "where is your signboard license" by local council authority if you catch. Generally all entities have to have signboard license to do business in Malaysia.
|Serial||Signboard related Questions||Answers|
|No. 1||Can anyone apply for signboard license?||yes can, but assign professional or expert to get it done to avoid hassle.|
|No. 2||Is it mandatory for all to get signboard?||Yes, it is.|
|No. 3||How long takes to obtain?||1 day is sufficient unless any issue raises|
|No. 4||How much is cost to get license?||RM 1000-1500|
|No. 5||Can S & F assist to manage it?||Yes, can.|
|No. 6||I have registered SDN BHD company, still I need signboard license?||Yes, still you need signboard license|