Development financial institutions (with deposits taking functions)
Development financial institutions (with deposits taking functions)
Foreign equity capped at 30%.
- Foreign equity
- 30%
- Capital floor
- None
- Key licences
- 1
- Setup timeline
- 8–12 wk
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.
Licences & permits
Licences & permits
Common requirements for most Malaysian businesses6
- Sales & Service Tax (SST) RegistrationIssued by Royal Malaysian Customs Department (RMCD)
- Personal Data Protection Act 2010 RegistrationIssued by Personal Data Protection Department (JPDP)
- Signboard / Advertisement Licence (PBT)Issued by Local Authority (PBT)
- LHDN Employer Tax (E) RegistrationIssued by Inland Revenue Board of Malaysia (LHDN/HASiL)
- EPF / SOCSO / EIS Employer RegistrationIssued by KWSP (EPF), PERKESO (SOCSO), EIS
- Local Authority Business LicenceIssued 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.
Activity details
“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 & 预扣税
风险等级
电子发票 (MyInvois)
通过LHDN MyInvois开具电子发票时需要MSIC代码 64195。请在电子发票的分类字段中使用此代码。