Life insurance
This activity covers the provision of life insurance policies, which offer financial protection to beneficiaries upon the death of the insured individual. It includes various types of life insurance products, such as whole life, term life, and endowment policies.
Foreign equity capped at 70%.
- Foreign equity
- 70%
- Capital floor
- None
- Key licences
- 1
- Setup timeline
- 8–12 wk
Foreign ownership rules
Foreign ownership rules
- Insurance / TakafulcappedBNM
Foreign equity in insurers and takaful operators historically capped at 70%; some flexibility for strategic partners. BNM approval required.
Foreign cap: 70%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.
Governing legislation
Traced through the business licences these Acts govern.
Activity details
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 65111。请在电子发票的分类字段中使用此代码。