64199

Other monetary intermediation (with deposits taking functions) n.e.c.

This activity covers financial institutions that engage in monetary intermediation by accepting deposits and providing loans, but do not fall into the more specific categories of traditional banks or credit institutions. It includes entities such as savings banks, cooperative banks, and other similar financial intermediaries that perform these functions.

Foreign equity capped

Foreign equity capped at 30%.

Foreign equity
30%
Capital floor
None
Standard Sdn Bhd RM 1
Key licences
1
1 mandatory
Setup timeline
8–12 wk
Foreign Sdn Bhd via Emerhub
Set up for this MSICOne-business-day quote · MSIC 64199 pre-filled
Investment policy

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.

What you'll need to apply for

Licences & permits

Licences & permits

Specific to this activity
Common requirements for most Malaysian businesses6

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 quote

Source: MalaysiaBiz / BLESS licence catalog.

Laws of Malaysia

Governing legislation

Federal Acts that regulate this activity

Traced through the business licences these Acts govern.

For SSM registration

Activity details

SST & 预扣税

SST豁免
需要电子发票

风险等级

低风险

电子发票 (MyInvois)

通过LHDN MyInvois开具电子发票时需要MSIC代码 64199。请在电子发票的分类字段中使用此代码。

SSM activity-description generator