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Business License
A business license is a legal requirement that permits your company to operate in a specific industry and location. Securing the necessary licenses ensures compliance with local regulations and standards. Our team is here to guide you through the licensing process, helping you obtain the permits needed for legal and successful business operations.
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Types Of Business Licenses
There are over 300 various types of businesses licenses, enabling business operate legally and comply with local regulations. These licenses help maintain public health and safety, enhance credibility, and protect businesses from penalties or shutdowns.
01
General Business License
A foundational license required to conduct business within a specific jurisdiction.
02
Industry-Specific Licenses
Tailored for sectors such as food and beverage, healthcare, and retail, ensuring that businesses meet industry regulations.
03
Professional Licenses
04
Residential License
Required for certain professions (e.g., doctors, lawyers) to ensure practitioners have the necessary qualifications and adhere to ethical standards.
For businesses operating from home, ensuring compliance with zoning regulations.
And Many More!
Required Documents
These documents are essential for demonstrating that a business adheres to local regulations and legal requirements. Compliance with local regulations helps prevent legal issues, penalties, and potential shutdowns, ensuring the long-term success of the business.
Requirements
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A complete set of SSM documents.
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A copy of the Sale and Purchase Agreement or Tenancy Agreement.
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A copy of the applicant's identity card or passport photo.
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A copy of your office layout plan.
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Photographs of the business premises.
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A copy of the Certificate of Completion and Compliance (CCC) or Certificate of Fitness (CF).
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Quit Rent (Cukai Tanah) and Assessment (Cukai Taksiran/Pintu) receipts.
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A copy of the Fire Department's support letter or Bomba Certificate.
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Photographs of the exterior of your premises showing where the signboard will be placed.
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A color visual of the signboard, including design, colors, and dimensions.
License Process and Period
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Duration
The entire process typically takes between 2 to 8 weeks, depending on the complexity of the application and the efficiency of the local authority.
Period
Business licenses in Malaysia are usually valid for one year and may require annual renewal. Some licenses may have longer validity periods, but it's essential to stay informed about renewal deadlines to maintain compliance.
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What services does your company offer in Malaysia?We provide a comprehensive range of corporate secretarial services to help businesses meet all statutory and regulatory requirements. Our offerings include company incorporation, annual compliance filings, updating company records, managing board resolutions, and advisory on compliance with Malaysian laws. In addition, we assist with accounting and bookkeeping, tax filings, payroll services, and obtaining employment passes for foreign employees to ensure your business operates smoothly across all essential areas.
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Is it mandatory to have a company secretary in Malaysia?Yes, under the Malaysian Companies Act 2016, every company must appoint a qualified company secretary within 30 days of incorporation. The company secretary must be a licensed professional registered with the Companies Commission of Malaysia (SSM).
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Who can be a Company Secretary?In Malaysia, a Company Secretary must be a qualified individual who is either a member of a recognized professional body, such as the Malaysian Association of Company Secretaries (MACS), the Malaysian Institute of Chartered Secretaries and Administrators (MAICSA), the Institute of Chartered Secretaries and Administrators (ICSA), the Malaysian Institute of Accountants (MIA), or CPA Malaysia, or holds a license issued by the Companies Commission of Malaysia (SSM).
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Why should you outsource your Company Secretary services in Malaysia?Time & Resource Savings: Ensures that statutory and regulatory requirements are met by experienced professionals, freeing up valuable resources. Risk Reduction: Minimizes compliance risks and helps to avoid potential penalties. Administrative Efficiency: Manages complex administrative tasks, allowing business owners and directors to focus on growing the business. Access to Expertise: Provides access to a broad range of expertise, including legal and financial compliance. Enhanced Company Management: Supports efficient and compliant management of the company.
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What are the annual compliance requirements for a company in Malaysia?Malaysian companies must hold an Annual General Meeting (AGM), submit annual returns to SSM, and file audited financial statements. We assist with all annual compliance to ensure you meet your regulatory obligations.
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Can you assist with setting up a business bank account in Malaysia?Yes, we offer assistance with business bank account setup by providing necessary company documents, and we can guide you through the requirements of various banks.
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How much does it cost to hire a corporate secretary?The cost varies depending on the services you need. We offer competitive pricing with transparent fees for incorporation, annual filings, and additional services. Contact us for a customized quote based on your business needs.
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What happens if I don’t meet my compliance requirements?Failure to meet compliance requirements can result in penalties, fines, or, in severe cases, deregistration of your company. Our team ensures that your filings and other obligations are managed to avoid any compliance issues.
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How do I get started with your services?Getting started is easy! Simply contact us through our website or give us a call, and one of our corporate secretarial experts will guide you through the onboarding process.