Investment advisory services
This activity involves providing advice and guidance on investments to clients, including individuals and institutions. It encompasses services such as portfolio management, financial planning, and investment strategy formulation.
Open to 100% foreign ownership under standard Malaysian policy.
- Foreign equity
- 100%
- Capital floor
- None
- Key licences
- 3
- Setup timeline
- 8–12 wk
Licences & permits
Licences & permits
- BNM Money Services Business Licence (MSBA 2011)Issued by Bank Negara Malaysia (BNM) · Money Services Business Act 2011Required for money-changing, remittance and wholesale currency businesses under the Money Services Business Act 2011.
- BNM Approved Payment System Operator / e-Money Issuer (FSA 2013)Issued by Bank Negara Malaysia (BNM) · Financial Services Act 2013; Islamic Financial Services Act 2013Required to operate a designated payment system or issue e-money under FSA 2013 / IFSA 2013. Recent applicable to fintech, e-wallets and merchant acquirers.
Common requirements for most Malaysian businesses6
- Personal Data Protection Act 2010 RegistrationIssued by Personal Data Protection Department (JPDP)
- Sales & Service Tax (SST) RegistrationIssued by Royal Malaysian Customs Department (RMCD)
- EPF / SOCSO / EIS Employer RegistrationIssued by KWSP (EPF), PERKESO (SOCSO), EIS
- LHDN Employer Tax (E) RegistrationIssued by Inland Revenue Board of Malaysia (LHDN/HASiL)
- Local Authority Business LicenceIssued by Local Authority (PBT)
- Signboard / Advertisement Licence (PBT)Issued by Local Authority (PBT)
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
- Act 671CAPITAL MARKETS AND SERVICES ACT 2007
- Act 731MONEY SERVICES BUSINESS ACT 2011
- Act 758FINANCIAL SERVICES ACT 2013
Traced through the business licences these Acts govern.
Activity details
SST & Withholding Tax
Risk Level
e-Invoicing (MyInvois)
MSIC code 66191 is required when issuing e-invoices via LHDN MyInvois. Use this code in the Classification field of your e-invoice.