Business License Service in Malaysia
Why is a Business License important?
(Lesen Perniagaan/DBKL )
Operate your company without a business license (Lesen Perniagaan), the government could close your company and/or impose severe penalties, referred to as the permit of DBKL Lesen.
- Legal Compliance: There may be regulations that require businesses to obtain certain licenses or permits. Failing to obtain the necessary licenses can result in legal penalties, which can be costly for businesses.
- Credibility: Business licenses can enhance a business’s credibility with customers and other stakeholders. A business that has obtained all the necessary licenses and permits demonstrates that it is operating legally and that it is committed to upholding the standards and regulations.
- Access to Opportunities: Having a business license can open up new opportunities for a business. Certain licenses may be required in order to bid on government contracts or work with certain vendors or partners.
- Protection: A business license can protect your company’s name and intellectual property rights. It also gives you the right to sue or take legal action against other businesses that are infringing on your rights or operating illegally.
Lesen Perniagaan
3 Type of Business License in Malaysia
1
General licenses
These licenses typically cover basic requirements such as Company registration, Company, employee’s income tax registration, Employees provident fund (EPF), Social security organization (PERKESO), Human resources development fund (HRDF), Business premise licenses and signboard licenses.
2
Sector/industry-specific licenses
These licenses are often required to ensure that businesses operate safely and within industry-specific regulations such as manufacturing sector, wholesale and retail trade, telecommunication sector, broadcasting sector, oil exploration sector, construction sector, banking sector, public house and more.
3
Activity specific licenses
Activity-specific licenses are licenses that apply to specific business activities or operations, Activity-specific licenses include Certificate of fitness for certified machinery, Approval of expatriate posts, Approval to install, resite or alter air pollution control equipment, Building plan approval, Sales tax license, and Fire brigade approval.
The Processing Roadmap for Business License (Lesen Perniagaan)
The processing roadmap for obtaining a business license may vary depending on the location and specific requirements of the business. Normally it takes 1 to 6 months to complete the whole business license application.
Step 1Research
The first step is to research the requirements for obtaining a business license in your location. This may include registering your business with the government, obtaining a tax ID number, and obtaining any necessary authority permits or DBKL licenses.
Step 2Complete the application
Once you have determined the specific requirements for your business, you will need to complete the application for the license. This may involve providing information about your business, such as its name, location, and type of activity.
Step 3Submit
After completing the application, you will need to submit it to the appropriate government agency. This may involve submitting the application online, by mail, or in person to DBKL Lesen.
Step 4Pay
In many cases, there will be fees associated with obtaining a business license. You will need to pay these fees when submitting your application.
Step 5Processing
After submitting your application and paying the fees, you will need to wait for the application to be processed by the Malaysian government. This may involve a review of your application and any necessary inspections.
Step 6Approved
Once your application has been approved, you will receive your business license. It is important to keep this license up to date and renew it as required by law.
Malaysia License consultancy
Why Accounting.my Business License Service?
20+ Years Expertise
We are a team of experts who are knowledgeable about the requirements and processes for obtaining business licenses in various industries and locations. We ensure that your business is in compliance with all applicable laws and regulations.
Save Your Time and Costs
We can help you save time and money by handling the licensing process on your behalf, allowing you to focus on running your business.
Convenience
You can enjoy the convenience of having all of your licensing needs handled in one place. You can also have peace of mind knowing that your business is in compliance with all necessary regulations and requirements, reducing the risk of legal issues and fines.
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Frequently Asked Questions on Business License Services (FAQs)
What are the types of business licenses in Malaysia?
There are several types of business licenses in Malaysia,The specific licenses required will depend on the type of business you are running and the location of your business. including:
- Business registration
- Trade license
- Signboard license
- Professional license
- Food and beverage license
- Liquor license
- Halal certification
- Construction license
- Manufacturing license.
How can I get a business license in Malaysia? (Lesen Perniagaan or DBKL Lesen)
To obtain a business license (Lesen Perniagaan or DBKL Lesen) in Malaysia, you will need to register your business with the Companies Commission of Malaysia (SSM). The process will depend on the type of business you are running and may involve registering for a specific type of license or permit, such as a trade license or a signboard license. You can also obtain more information on the licensing process from the relevant local authorities or industry associations. Gathering information wil smoothen your application process with Accounting.my.
How much is the business license?
The cost of a business license in Malaysia will depend on the type of license you need and the location of your business. Some licenses may have a flat fee, while others may be based on the size or type of business you operate. It is best to check with the relevant authorities or industry associations to determine the specific costs involved.
How to register a small business in Malaysia?
To register a small business in Malaysia, you will need to follow these steps:
- Choose a business name and check its availability
- Decide on a business structure (sole proprietorship, partnership, or private limited company)
- Register your business with the Companies Commission of Malaysia (SSM)
- Obtain any necessary licenses and permits
- Register for taxes and obtain a tax ID number (if applicable)
Malaysia Services
Other Services you may need.
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Setup Company (Company Secretary)
From startup incorporation to regulatory compliance, our company secretary services send all aids. We take care of administrative tasks, file consistent statutory records, update, and submit required paperwork on time so you can concentrate on expanding your business. No more bugs from government officials or authorities on legal mishaps!
Bookkeeping
Bookkeeping services can help business save time and money by transferring financial data from the business to a service provider like Accounting.my to maintain accurate records of all transactions.
Accounting
Accounting services in Malaysia cover payroll, tax filing, audits services, financial reporting, consulting, bookkeeping, and financial analysis. They assist in decision-making, financial management, and compliance. Outsourcing account to professionals ensures accuracy and optimization.
Software
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Audit
You will keep your organization flowing and solid from breaches with our Professional Audit services. Certified auditors will evaluate your financial statements without bias. Screen for conformity with industry standards and offer you useful insight on your company’s financial health in the process. With our in-depth abilities and expertise, we can help you spot risks, find wasteful practices, and improve your foundation. Time to make yourself credible in the face of stakeholders and investors.
Tax
You may stumble trying to understand the tax system. Our tax consultant are ready to support you. All aspects of taxes, from tax planning, and filing to tax returns. Our extensive knowledge of tax regulations and evolving laws changes guarantee you will fulfil your tax responsibilities while getting the least possible tax liability. Minimize your tax liability and increase your after-tax income, only with Accounting.my.