Business Of General Merchants Companies in Malaysia

Business of General Merchants Companies in Malaysia

General merchants companies are businesses that sell a variety of goods and services. They are typically large businesses with many employees and a wide range of products and services. In Malaysia, general merchants companies are required to obtain a license from the Ministry of Domestic Trade and Consumer Affairs (MDTCA) in order to operate.

The MDTCA regulates the business of general merchants companies in Malaysia and sets out the requirements that these businesses must meet in order to be licensed. These requirements include having a registered business address, being a registered company with the Companies Commission of Malaysia, and having a minimum paid-up capital of RM500,000.

General merchants companies must also have a minimum of five full-time employees, a board of directors, and a company secretary. They must also have a registered business premises that is open to the public during business hours.

General merchants companies in Malaysia are required to display their license from the MDTCA prominently at their business premises. They are also required to keep records of their sales and purchases, and to maintain a register of their customers.

General merchants companies are allowed to sell a wide range of goods and services, including food, beverages, tobacco, cosmetics, pharmaceutical