WRT license in Malaysia
R. T. The private investor holds a license for foreign-owned companies. A non-resident company announces the entire ownership of a company owning more than 50% of a foreign company.
Our full service covers the business of your kind, your business plan and the correct preparation of the relevant company documentation. Wholesale Goods in Malaysia R.T. licenses can be very stressful as they can affect other government services, such as city government. The WRT License Accredited Authority is the Ministry of Commerce and the Ministry of Consumer Protection in Malaysia.
The purpose of the entire WRT license for retail stores in Malaysia, which is granted by the Ministry of the Interior and the consumer, serves the purpose
Regularly monitor overseas investments in the Malaysian sales area.
Make sure that development happens only in the industry and improves local business growth.
Promote the modernity and increase the performance in the distribution sector.
This license must first concern the local authority's issue before the license for business.
Four types of WRT There are licenses, the license can be renewed every two years and the categories may be eligible for the following activities in Malaysia
- Retail, Trade (Import and Export), Wholesale
- Hostels of the restaurant in Malaysian WTR licenses
- Franchise
- Services and consultants
Companies that are not approved by the WRT Ministry
Before applying for a work permit, the WRT license approval is mandatory for all countries in all areas. For immigrants (directors or shareholders or employees) in the Department of Immigration. For all parts of the WRT licensing requirement, the minimum capital for the company is RM 1 million and the company is fully integrated into the relevant lease and telephone contract. For a new subsidiary, you may be able to file a business plan and investment plan in Malaysia prior to setting up the office. Processing time for approval: 1-2 months. If an inspection is required, it may take longer.
Article Source:
Read Also:
