Section C · Manufacturing/Activity (5-digit)
23990

Manufacture of other non-metallic mineral products n.e.c.

Manufacture of other non-metallic mineral products n.e.c.

Open · licence threshold

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%
Licence threshold applies
Capital floor
RM 2.5M
Minimum paid-up
Key licences
2
1 mandatory
Setup timeline
8–12 wk
Foreign Sdn Bhd via Emerhub
Set up for this MSICOne-business-day quote · MSIC 23990 pre-filled
Investment policy

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: RM2,500,000
    Source

Sourced from MIDA sector booklets and respective regulators. Verify the latest rules with the regulator before investment decisions.

What you'll need to apply for

Licences & permits

Licences & permits

Specific to this activity
Mandatory
Conditional
Common requirements for most Malaysian businesses6

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 quote

Source: MalaysiaBiz / BLESS licence catalog.

For SSM registration

Activity details

Includes

manufacture of millstones, sharpening or polishing stones and natural or artificial products, including abrasive products on a soft base (e.g. sandpaper)

Excludes

manufacture of glass wool and non-woven glass wool products, see 23109.manufacture of carbon or graphite gaskets, see 28199

SST & Withholding Tax

SST Exempt
e-Invoice Required

Risk Level

Low Risk

Capital Allowance: Eligible for Heavy Machinery rate (20% Initial Allowance / 20% Annual Allowance).

Government Grants

SME Corp Eligible

Eligible for SME Corp manufacturing grants and industry development programmes.

e-Invoicing (MyInvois)

MSIC code 23990 is required when issuing e-invoices via LHDN MyInvois. Use this code in the Classification field of your e-invoice.

SSM activity-description generator