Regardless of whether you want to initiate a business process in Malaysia or anywhere in the world, you need to go through a legal procedure in order to give shape to your business setup dreams a new and refreshing look. So, the legal procedure which is generally followed by any business process in Malaysia is to own business license Malaysia for operation and comply with accordingly. So the same goes well with the setup of a Sdn. Bhd. Company in Malaysia which runs by acquiring a business license Malaysia and the most important of which is the company license, which is the basic demand by the legislation and government bodies for processing the business applications further so that there should be no issues later on. Moving on further in this discussion, let's just see what are the two basic categories that fall under the business license Malaysia for a Sdn. Bhd. company
Company License
The company license is the basic requirement for a business to flourish in its initiation and to make it establish as a good entity. The company license is the first step towards achieving milestones in business proceedings. There are a few basic company licenses like company registration, company tax registration, etc. which are required for the entrepreneur to attain once he set up a Sdn. Bhd. Company in Malaysia.
Industry License
The sector in which a Sdn. Bhd. company deals in mainly has to acquire an industry license in order to start operations in that business area. These types of industry licenses are mainly controlled by government departments and restrict the foreign investors to gain participation in certain industries and sectors.
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