Development financial institutions (without deposits taking functions)
This activity covers development financial institutions that provide financial services to support economic development but do not accept deposits from the public. These institutions typically focus on providing loans, guarantees, and other financial products to promote investment and growth in specific sectors or regions.
Open to 100% foreign ownership under standard Malaysian policy.
- Foreign equity
- 100%
- Capital floor
- None
- Setup timeline
- 8–12 wk
Governing legislation
Machine-identified from each Act's text — verify before relying on it.
Activity details
“Development Financial Institution Without Deposit Taking Functions” are other development financial institutions that are not classified in the “Development Financial Institution With Deposit Taking Functions”
SST & Withholding Tax
Risk Level
e-Invoicing (MyInvois)
MSIC code 64921 is required when issuing e-invoices via LHDN MyInvois. Use this code in the Classification field of your e-invoice.