Malaysia Hotline: +603-2141
8908
WRT license (Wholesale, Retail and Trade License)
is required by companies with foreign ownership that will engage in wholesale,
retail, trading, import/export and restaurant business. Other companies with
foreign ownership that are not engaged in distributive trade do not require WRT license.
If the company is 100% owned by foreign
shareholders, then the paid-up capital requirement of the company to apply for
WRT license is RM 1 million. If the company shares are held by both Malaysian(s)
and foreigner(s), with local Malaysian shares being less than 50%, then the
paid-up capital of the company has to be RM 350,000.
However, if 50% shares or more are owned by local
citizen, then such company may be exempted from WRT license application. This
means that the company does not have to apply for WRT license if a Malaysian
holds 50% shares or more.
It is important to deposit the money into the bank
account of the company prior to the WRT license application as the company
secretary will have to prepare corporate documents to proof that the company
paid-up capital has been full realized.
Tannet Malaysia is an International Consultant Firm based in Hong Kong, Shenzhen. We provide various of business services and offshore company incorporation is just one of the services. We offer Samoa, Cayman, Belize, BVI, Dubai, England, Labuan offshore company incorporation and etc. If you are interested in our other services, kindly contact Tannet for more information.
Contact
us :
If you have further queries,
please contact Tannet
24 hours Malaysia hotline：603-21418908;
24 hours Hong Kong hotline：852-27837818;
24 hours China hotline：86-755-
36990589;
Email: mytannet@gmail.com
TANNET GROUP : http://www.tannet-group.net, http://en.tannet.com.my