65123
Composite insurance
Composite insurance
Foreign equity capped
Foreign equity capped at 70%.
- Foreign equity
- 70%
- Capital floor
- None
- Key licences
- 1
- Setup timeline
- 8–12 wk
Standard Sdn Bhd RM 1
1 mandatory
Foreign Sdn Bhd via Emerhub
Set up for this MSICOne-business-day quote · MSIC 65123 pre-filled
Investment policy
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.
What you'll need to apply for
Licences & permits
Licences & permits
Specific to this activity
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.
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 65123。请在电子发票的分类字段中使用此代码。