Malaysia Hotline: +603- 2141 8908
Before
a business can legally start operating, businesses are required to comply with
some form of licensing, which could be a general licence, an industry/sector
specific licence or activity specific licence. Business licences are required
by the legislation and administered by various government agencies, statutory
bodies and local authorities. Business licences includes registrations,
approvals, licences and permits. The compliance requirements vary by industry, business
activity and location.
Business
licences can be categorized into 3 different logical groups, namely:
- General
licences
- Sector
Industry Specific licences
- Activity
Specific licences
General Licences
General
licences are licences that are required and shall be applicable once the
investor has decided to start a business in Malaysia.
List
of General licences, which may be applicable to any business, include:
- Company
Registration
- Company
and Employees Income Tax Registration
- Employees
Provident Fund
- Social
Security Organisation
- Human
Resources Development Fund
Sector / Industry-Specific Licences
Sector/Industry
Specific licences are licences unique to a particular industry or sector that
are specified by the Government. This
involves major policies that controlled the development of certain industries
or sectors in line with the development policy of the country.
Examples
of Sector/Industry Specific licences are:
- Licences
related to the Manufacturing Sector
-
Licences related to the Telecommunication Sector
- Licences
related to the Broadcasting Sector
-
Licences related to the Oil Exploration Sector
Activity-Specific Licences
Activity-Specific
licences are licences that regulate particular activity and could be applicable
to one or more Industries or Sectors. This category of licence requires
investor to comply with sets of specific guidelines designed to protect the
interest of the citizen, employment, safety of workers, environment and general
public.
Examples
of Activity Specific Licences are:
- Certificate
of Fitness for Certified Machinery
- Approval
for Expatriate Post
- Approval
to install/resite/alter Air Pollution Control Equipment (bag filter and
chimney)
- Building
Plan Approval
- Sales
Tax Licence
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 Hong Kong hotline：86-755- 36990589;
Email: mytannet@gmail.com
TANNET GROUP : http://www.tannet-group.net, http://en.tannet.com.my