Malaysian business licence·Federal
Pawnbroker's License Application (PPG)
Issued by Kementerian Pembangunan Kerajaan Tempatan (KPKT)Pawnbrokers Act 1972 [Act 81]; Pawnbrokers (Control and Licensing) Regulations 2004; Pawnbrokers (Compound Offences) Regulations 2018
Overview
The Pawnbroker's License is required to regulate pawnbroker businesses and protect the interests of pledgers in related transactions. It is necessary for companies wishing to operate as pawnbrokers in Malaysia.
Key details
Governing Act
Pawnbrokers Act 1972 [Act 81]; Pawnbrokers (Control and Licensing) Regulations 2004; Pawnbrokers (Compound Offences) Regulations 2018
Agency fees
RM 12,000 - RM 48,000 every 2 years depending on location
Validity
2 years
Issuing authority
Kementerian Pembangunan Kerajaan Tempatan (KPKT)
Fees shown are government / local-authority fees payable to the issuing agency. Emerhub charges a separate service fee for handling the application end-to-end.
Eligible applicants
Companies
Application requirements
- The company must be a private limited company (Sdn. Bhd.)
- Each director/manager must pass a PDRM fingerprint screening
- No director/manager should be declared bankrupt
- Each director/manager must be free from money laundering and terrorism financing activities (AMLA)
- The company must have a strong financial capability with a minimum paid-up capital of RM 4 million
- New applications can be made online through the integrated Data Electronic Pawn And Lending (iDEAL) system
Agency fee breakdown
New Application/Renewal:
Category Area
Fee Rate
City Council/City Hall
RM48,000.00/ 2 years
Municipal Council (State Capital)
RM43,000.00 / 2 years
Municipal Council
RM36,000.00/ 2 years
District Council (including areas outside the district council)
RM24,000.00/ 2 years
Areas where existing pawnbrokers pay a fee of RM750 or less per month
RM12,000.00/ 2 years
These are amounts payable to Kementerian Pembangunan Kerajaan Tempatan (KPKT). Emerhub's service fee is quoted separately when you engage us.