Section K · Financial and insurance/takaful activities/Activity (5-digit)
64195

Development financial institutions (with deposits taking functions)

Development financial institutions (with deposits taking functions)

Foreign equity capped

Foreign equity capped at 30%.

Foreign equity
30%
Capital floor
None
Standard Sdn Bhd RM 1
Key licences
1
1 mandatory
Setup timeline
8–12 wk
Foreign Sdn Bhd via Emerhub
Set up for this MSICOne-business-day quote · MSIC 64195 pre-filled
Investment policy

Foreign ownership rules

Foreign ownership rules

  • Banking — Commercial BankscappedBNM

    Foreign equity in commercial banks capped at 30% by policy (case-by-case approvals up to higher levels). Subject to Financial Services Act 2013. BNM approval required.

    Foreign cap: 30%
    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
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

“Development Financial Institution” means an institution which carries on any activity, whether for profit or otherwise, with or without any Government funding, with the purpose of promoting development in the industrial, agricultural, commercial or other economic sector, including the provision of capital or other credit facility; and for the purposes of this definition, “development” includes the commencement of any new industrial, agricultural, commercial or other economic venture or the expansion or improvement of any such existing venture.

SST & Withholding Tax

SST Exempt
e-Invoice Required

Risk Level

Low Risk

e-Invoicing (MyInvois)

MSIC code 64195 is required when issuing e-invoices via LHDN MyInvois. Use this code in the Classification field of your e-invoice.

SSM activity-description generator