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BUSINESS REGULATIONS & SUPPORT SYSTEM :<3: (APPROVAL AND LICENSING…
BUSINESS REGULATIONS & SUPPORT SYSTEM
:<3:
APPROVAL AND LICENSING
Manufacturing License
:red_flag:shareholders' fund of 2.5m & above :red_flag:engaging 75 / more full time employees :red_flag:to Malaysian Industrial Development Authority (MIDA)
No Objection Letter for the Location of Projects
:checkered_flag:from the respective State Government :checkered_flag:letter need to be submitted to MIDA
Approval for Planning Permission
:check:require under Town and Country Planning Act 1976 :check:for development and use of all building and lands
Approval for Building Plan
:star:written approval for the local authority :star:Plan, drawing, calculation must be submitted by qualified person
Approval for Certificate of Fitness for Occupation
:warning:under Uniform Building by Laws 1984
Approval for Business Related Licenses
:black_flag:related to factory premises, advertising signage, storage and canteen :black_flag:through local authority
Approval for Environmental Control
:red_flag:to control industrial activities result in a new source of discharge :red_flag:installation of incinerator, fuel burning equipment and chimney also need approval :red_flag:under responsibility of Department of Environment
Approval for Safety and Health
:pencil2:to obtain design approval of certificate machinery and certificate of fitness :pencil2:approval should be sent to Department of Occupation Safety and Health
Excise License and Sales Tax License
:!:requires for factory that manufactured goods :!:obtained from Royal Customs Malaysia :!:sales tax - under Sales Tax Act 1972
INFRASTRUCTURE FACILITIES
Industrial Estates
:star:developed by State Economic Development Corporation (SEDCs) and Regional Development Authorities (RDAs)
Free Industrial Zones (FIZs)
:red_flag:companies that produce/assemble products mainly for export purposes :red_flag:have a minimal formalities for export their finished products
Licensed Manufacturing Warehouses (LMWs)
:check:to encourage the dispersal of industries // to enable the companies enjoy FIZ facilities :check:for approval- should have at least 80% of their production meant for exports
Electricity and Water Supply
:checkered_flag:Electricity: TNB, SESB, SECSO :checkered_flag:Water: according to WHO
Telecommunication Services
:fountain_pen:provided by Telekom Malaysia Berhad and other network service providers :fountain_pen:6 internet service providers
Sea Ports, Cargo Transportation, Highway & Railway Services
Multimedia Super Corridor
:recycle:to revolutionise Malaysians and other in the regions to conduct commerce in digital age :recycle:to attract multimedia companies locally and internationally to become world class over time
FINANCIAL ASSISTANCE
Purposes of Financing
Marketing & Promotion
Technology development
Entrepreneur development
General
Strengthening skills of workforce
Types of Financing
Soft Loans
Grants
Equity Financing
Venture Capital
Guarantee Scheme
Who Provide Financial Assistantance?
Agencies
26 agencies
Banks
Bank Negara Malaysia
SME Bank
Bank Kerjasama Rakyat Malaysia Berhad
Non-banks
Perbadanan Nasional Berhad
Perbadanan Usahawan Nasional Berhad (PUNB)
Multimedia Development Corporation
Ministry
Ministry of Entrepreneur and Co-operative Development (MECD)
Franchise Development
Equity Financing
SPPN
ASEAN - Japan Development Fund
Ministry of Science, Techonology and Innovation (MOSTI)
Enterprise Innovation Fund (EIF)
to increases the participation of SMEs, micro businesses and individual in innovative activities
EMPLOYMENT POLICIES & LEGISLATIONS
Employer Provident Fund
:pencil2:provide retirement benefits for employees
Social Security Organization
:red_flag:2.5% of basic employee's salary :red_flag:cover the employees under SOCSO
Employment Act 1955
:pen:provide minimum working hours and overtime :pen:weekly rest day :pen:maternity benefits
Occupational Safety and Health
:checkered_flag:The OSHA 1994 :checkered_flag:defined responsibilities of employers, manufacturer, designers, importers, vendors
MANPOWER DEVELOPMENT AND TRAINING FACILITIES
Malaysia Productivity Fund
Malaysian Entrepreneurship Development Centre
HR Development Fund
PUNB
Ministry of Human Resources
Majlis Amanah Rakyat
National Vacational Training Council
OTHER SUPPORT FACILITIES IN MALAYSIA
Marketing Services
MATRADE
FAMA
MITI
Advisory Assistance
Technical Assistance
Fisheries Research Institute (FRI)
Malaysian Palm Oil Board (MPOB)
Malaysian Agricultural Research and Development Institute (MARDI)
MIMOS Berhad
SIRIM Berhad
