Business brokerage activities
This activity involves facilitating the buying and selling of small and medium-sized businesses, as well as professional practices. It does not encompass real estate brokerage services.
Open to 100% foreign ownership under standard Malaysian policy.
- Foreign equity
- 100%
- Capital floor
- None
- Setup timeline
- 8–12 wk
Governing legislation
- Act 147VETERINARY SURGEONS ACT 1974
- Act 458LICENSED LAND SURVEYORS ACT 1958
- Act 487QUANTITY SURVEYORS ACT 1967
- Act 782FOREST RESEARCH INSTITUTE MALAYSIA ACT 2016
Machine-identified from each Act's text — verify before relying on it.
Activity details
arranging for the purchase and sale of small and medium-sized businesses, including professional practices, but not including real estate brokerage
SST & Withholding Tax
Taxable Service (Group G — Professionals): Likely subject to 8% Service Tax if annual revenue exceeds RM500,000.
WHT Risk: Professional or technical fees paid to non-residents subject to WHT under S109B ITA 1967.
Risk Level
e-Invoicing (MyInvois)
MSIC code 74902 is required when issuing e-invoices via LHDN MyInvois. Use this code in the Classification field of your e-invoice.