Malaysia Hotline: +603- 2141 8908
WRT
license (Wholesale, Retail and Trade License) is required by companies with
foreign ownership that will engage in wholesale, retail, trading, import/export
and restaurant business. Other companies with foreign ownership that are not
engaged in distributive trade do not require WRT license.
If the
company is 100% owned by foreign shareholders, then the paid-up capital
requirement of the company to apply for WRT license is RM 1 million. If the
company shares are held by both Malaysian(s) and foreigner(s), with local
Malaysian shares being less than 50%, then the paid-up capital of the company
has to be RM 350,000.
However,
if 50% shares or more are owned by local citizen, then such company may be
exempted from WRT license application. This means that the company does not
have to apply for WRT license if a Malaysian holds 50% shares or more.
It is
important to deposit the money into the bank account of the company prior to
the WRT license application as the company secretary will have to prepare
corporate documents to proof that the company paid-up capital has been full
realized.
Contact
us
If
you have further queries, please contact Tannet
24
hours Malaysia hotline：603-21418908;
24
hours Hong Kong hotline：852-27837818;
24
hours Hong Kong hotline：86-755-
36990589;
Email:
mytannet@gmail.com