Manufacture of veneer sheets and plywood
This activity involves the production of veneer sheets, which are thin layers of wood used for veneering surfaces, as well as the manufacturing of plywood, a composite material made from multiple layers of veneer glued together. The process includes cutting, drying, and treating wood to create these products for various applications.
Manufacturing companies with shareholders' funds >= RM2.5M OR >= 75 full-time paid employees require a Manufacturing Licence from MIDA. 100% foreign equity is permitted.
- Foreign equity
- 100%
- Capital floor
- RM 2.5M
- Key licences
- 3
- Setup timeline
- 8–12 wk
Foreign ownership rules
Foreign ownership rules
- Manufacturing Licence (ICA 1975)open-with-licenseMIDA
Manufacturing companies with shareholders' funds >= RM2.5M OR >= 75 full-time paid employees require a Manufacturing Licence from MIDA. 100% foreign equity is permitted.
Paid-up min: RM2,500,000Source
Sourced from MIDA sector booklets and respective regulators. Verify the latest rules with the regulator before investment decisions.
Licences & permits
Licences & permits
- Timber Mill Licence (TKP)Issued by Jabatan Perhutanan Negeri Pulau Pinang · National Forestry Act 1984; Wood-Based Industry Enactment 1986 & Wood-Based Industry Regulations 1987Auto-mapped via semantic similarity (0.44)Fee: RM 1000 processing + RM 500 annualValidity: 1 year (renewable annually)
- Manufacturing Licence (MIDA, ICA 1975)Issued by Malaysian Investment Development Authority (MIDA) · Industrial Co-ordination Act 1975Required if shareholders' funds >= RM2.5M OR >= 75 full-time employees
Common requirements for most Malaysian businesses6
- Sales & Service Tax (SST) RegistrationIssued by Royal Malaysian Customs Department (RMCD)
- Signboard / Advertisement Licence (PBT)Issued by Local Authority (PBT)
- Bomba Fire Safety Certificate (Sijil Perakuan Bomba)Issued by Fire and Rescue Department of Malaysia (Bomba)
- EPF / SOCSO / EIS Employer RegistrationIssued by KWSP (EPF), PERKESO (SOCSO), EIS
- Local Authority Business LicenceIssued by Local Authority (PBT)
- LHDN Employer Tax (E) RegistrationIssued by Inland Revenue Board of Malaysia (LHDN/HASiL)
Have Emerhub file every licence above for you
We'll prepare the forms, liaise with each agency and track approvals — bundled with Sdn Bhd setup. Agency fees are paid to the issuing authority; our service fee is quoted separately.
Get a quoteSource: MalaysiaBiz / BLESS licence catalog.
Governing legislation
Traced through the business licences these Acts govern.
Activity details
manufacture of veneer sheets thin enough to be used for veneering, making plywood or other purpose
SST & Withholding Tax
Risk Level
Capital Allowance: Eligible for Heavy Machinery rate (20% Initial Allowance / 20% Annual Allowance).
Government Grants
Eligible for SME Corp manufacturing grants and industry development programmes.
e-Invoicing (MyInvois)
MSIC code 16211 is required when issuing e-invoices via LHDN MyInvois. Use this code in the Classification field of your e-invoice.