Please ensure the company who wants to register themselves in the ESD system, should compile to the below terms and conditions set by Immigration of Malaysia
1. Must be registered with:
- The Companies Commission of Malaysia (SSM) under Companies Act 1965; OR
- The Registry of Societies Malaysia (ROS) under the Organization Act 1966; OR
- Other bodies (e.g. co-operatives) registered under the relevant laws of Malaysia.
- if 100% Local Owned company should have minimum RM250,000 recommended RM350,000
- If Joint venture should have minimum RM350,000 recommended RM 500,000 (minimum foreign equity is 30%)
- If 100% Foreign Owned then minimum should be RM500,000 and above
- For Foreign-owned companies (foreign equity at 51% and above) minimum paid up capital should be RM1,000,000
- If the company is operating in the Wholesale, Retail and Trade (WRT) sectors then there is a mandatory requirement to submit valid WRT license. (Please refer to the Ministry of Domestic Trade, Co-operatives and Consumerism for WRT license application guideline)
- Foreign-owned companies whose foreign equity at 51% and above and involved in the sub sectors on unregulated services are required to refer to the Services Industry Division, Ministry of Domestic Trade, Co-operatives and Consumerism on the application guideline to obtain approval.
2. Company paid-up capital requirement (not applicable to incorporated and limited companies,
and associations)
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