The feeling
of establishing a business in Malaysia is overwhelming as the country is
widely open to all international investors and provides plethora of
business opportunities which are truly desirable by any ambitious
business venture that is seeking growth, profits and a global presence.
Having desired about the business idea, next comes knowing about all the
legal formalities of operating a business in Malaysia and one such
formality is to clearly know about the business license Malaysia
which are required by the legislation and local authorities in order to
fully satisfy the authentication of businesses. The business license
Malaysia fall into three major categories and any new investor should
know about it before commencing a business.
General License
As the name
itself explaining, the general licenses is attained by the investor and
be applicable once the business investor has decided about the type of
business and has decided to start its venture in Malaysia. The general
licenses that are required for any type of business includes: company
registration, company and employees income tax registration, employees
provident fund, human resource development fund, etc.
Industry Specific License
The
industry-specific licenses relate to a particular industry or sector
specified by the government. This license allows the businesses to
follow certain policies that are required by the industries for the
development of the business in order to stay in accordance with the
development policy of the country.
Activity Licenses
These
licenses are applicable to a particular activity of the industries or
sectors. This license includes a set of specific guidelines for the
protection of the citizen, employment, safety and the general public.
For more information visit at- Business License Malaysia
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