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 a 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.
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