Business in Malaysia

Which is the best business in Malaysia for 2022-2025? Is it small, medium and large business talking about? In a word, here, it has big opportunity to start a business in Malaysia for local Malaysian and foreigners.

You might thinking what business is the best now in Malaysia after Covid pandemic ? Well, tourism, restaurant, food, fashion, SPA, Massage businesses are in worse situation. People think first about live after then fashion and others if surplus money is available.

Always Profitable business in Malaysia

Why Should You do business in Malaysia?

Information of doing business in Malaysia as Foreigner

Type of businessDescription
LLC (Sdn Bhd)One of the most common business entities in Malaysia. Privat Limited Company is ideal for conducting B2B business.
Sole Proprietorship businessThis is the simplest form of business entities. Sole proprietorship business needs to pay an annual fee to SSM to keep business renewed every year.
Public Limited Company (Berhads)A public limited company can offer public shares. This is a preferred business model for larger company/Business.
Joint Venture/ PartnershipJoint venture business involves more than one owner/Partner. One of the business owners must have Malaysian citizenship and must hold at least 51% shares.
Limited Liability Partnership (LLP) This business entity is a mix of private limited and a partnership company.
Limited by GuaranteeNon Profit organisation

Tax Free Zone Area Business in Malaysia

Except Labuan company there are many FREE zone areas in Malaysia for importer and exporter. Import and export licenses are managed by S & F Consulting Firm. One main obligation is land and office space in free zone is not available. Some cases, private property is leased for long term and taken land under free zone area. Custom duty and free goods from customs are hassle free.

General Process of doing business in Malaysia

First StepReserve Your Brand Company NameYou need to brainstorm at least 3 names. Write three-name suggestion at “BORANG PNA” form.
Second StepCheck the availability of company name Register at SSM online portal.
By using SSM online portal check the name availability.
Third StepComplete “BORANG PNA 42” formEnlist three trade names in the form.
The name must be relevant to the business.
Explain the nature of the business.
Forth StepComplete “BORANG A” formComplete the form with all the necessary information such as-shareholders details
Fifth StepSubmitting “BORANG PNA 42” & “BORANG A” Attach both form and submit it to the SSM Head Office.
SSM Operation Hour-Monday – Friday (8.15 am to 4.15 pm)

Types of Business License in Malaysia

Business types License
Manufacturing Business or Factory Manufacturing License
Direct selling Business Direct selling license
TransportCar rental / Vehicle Leasing License
Restaurant Business Halal License, Liquor License
Tourism Business Ticketing License, Inbound, Outbound
Construction Business CIDBEL (Construction Industrial Development Board and Engineering License)

Exit mobile version