Doing business in Malaysia

Generally, any person or foreigner can set up and operate a business in Malaysia

THE COMPANIES COMMISSION OF MALAYSIA (CCM)
The requirement is that the Firm or Company must apply for registration from CCM.

Special licences or approval must first be obtained from the respective authorities for certain businesses such as banks, insurance companies, share broking companies, professional firms, investment corporations and manufacturing corporations before registration may be made to CCM.

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MALAYSIA INDUSTRIAL DEVELOPMENT AUTHORITY (MIDA)
Information regarding the establishment of industrial projects in Malaysia may be obtained from the MIDA.

MIDA may help investors in planning, locate available land and factory space, long term financing and skilled manpower. Its Assistance Unit helps investors who are not familiar with government procedures to implement their projects swiftly. The division also brings together local and foreign parties interested in joint ventures.

EXTERNAL LINKS

The Other Respective Approval Authorities

Ministry of
International Trade &
Industry (MITI)
Ministry of
Finance
Ministry of
Domestic Trade &
Consumer Affairs (MDTCA)
Malaysia Industrial Development Authority (MIDA)
Economic Planning Unit of The Prime Minister Department
EXTERNAL LINKS

Additional information and helpful resources

Bank Negara Malaysia (BNM)

BNM is the Malaysian Central Bank and its role is to act as a banker and financial adviser to the Government to promote monetary stability and a sound financial structure.

Securities Commission of Malaysia (SC)

A self-funding statutory body with investigative and enforcement powers established under the Securities Commission Act 1993.

Companies Commission of Malaysia (CCM)

The Companies Commission of Malaysia (CCM) is a division under the Ministry of Domestic Trade and Consumer Affairs. The Registrar of Companies (ROC) and the Registrar of Businesses (ROB) comes under the purview of the CCM.

Lembaga Hasil Dalam Negeri (LHDN)

The LHDN or the Inland  Revenue Board of Malaysia is responsible for the overall administration, including assessment and collection of taxes in Malaysia.

Immigration Department of Malaysia

For information on immigration matters in Malaysia, please refer to this website.

Bursa Malaysia (BM)

Formerly known as the Kuala Lumpur Stock Exchange (KLSE), Bursa Malaysia is a self regulatory body incorporated which governs the conduct of its members and member stockbroking companies in securities dealings, enforces the listing requirements and is also responsible for the survelence of the market place.