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Doing Business in Malaysia

Generally, any person or foreigner can set up and operate a business in Malaysia. The requirement is that the Firm or Company must apply for registration from The Companies Commission of Malaysia (CCM).

Special licences or approval must first be obtained from the respective authorities for certain businesses such as banks, insurance companies, share broking companies, professional firms, investment corporations and manufacturing corporations before registration may be made to CCM.

Information regarding the establishment of industrial projects in Malaysia may be obtained from the Malaysia Industrial Development Authority (MIDA). MIDA may help investors in planning, locate available land and factory space, long term financing and skilled manpower. Its Assistance Unit helps investors who are not familiar with government procedures to implement their projects swiftly. The division also brings together local and foreign parties interested in joint ventures.

The other respective approval authorities includes :-

External Links

Ministry of Finance
Ministry of International Trade & Industry (MITI)
Ministry of Domestic Trade & Consumer Affairs (MDTCA)
Malaysia Industrial Development Authority (MIDA)
Economic Planning Unit of the Prime Minister’ Department

 

Check out the following links for additional information and helpful resource

Bank Negara Malaysia (BNM)

BNM is the Malaysian Central Bank and its role is to act as a banker and financial adviser to the Government to promote monetary stability and a sound financial structure.

 

Companies Commission of Malaysia (CCM)

The Companies Commission of Malaysia (CCM) is a division under the Ministry of Domestic Trade and Consumer Affairs. The Registrar of Companies (ROC) and the Registrar of Businesses (ROB) comes under the purview of the CCM.

 

Lembaga Hasil Dalam Negeri (LHDN)

Lembaga Hasil Dalam Negeri (LHDN) The LHDN or the Inland Revenue Board of Malaysia is responsible for the overall administration, including assessment and collection of taxes in Malaysia. To check Authencity of a stamp certificate or Digital Franking system (DFS), click on this link.

 

Bursa Malaysia (BM)

Formerly known as the Kuala Lumpur Stock Exchange (KLSE), Bursa Malaysia is a self regulatory body incorporated which governs the conduct of its members and member stockbroking companies in securities dealings, enforces the listing requirements and is also responsible for the surveillance of the market place.

 

Securities Commission of Malaysia (SC)

A self-funding statutory body with investigative and enforcement powers established under the Securities Commission Act 1993.

 

Goods and Services Tax (GST)

 

GST which is also known as VAT in many countries, is a multi-stage consumption tax on goods and services. GST is scheduled to be implemented in Malaysia on 1 April 2015. To know more about GST in Malaysia, please visit the official website of the Royal Malaysian Customs Department 

 

Royal Customs and Excise Department of Malaysia

For information on Sales & Service Taxes, import and excise duties, please click on this name.

 

Immigration Department of Malaysia

For information on immigration matters in Malaysia, please refer to this website.