Establish And Transact Business As General Traders Companies in Malaysia
A company may transact business as a general trader if its activities fall within the scope of general trading as defined in the Companies Act 2016.
General trading is defined as the business of buying, selling, supplying or distributing goods or commodities, whether wholesale or retail, for human consumption or otherwise, and includes any business that is ancillary or incidental to the business of buying, selling, supplying or distributing goods or commodities.
A company that wishes to transact business as a general trader must comply with the following requirements:
1. The company must be registered with the Companies Commission of Malaysia (SSM);
2. The company’s memorandum and articles of association must allow the company to transact business as a general trader;
3. The company must have a minimum paid-up capital of RM2.5 million;
4. The company’s directors must be Malaysian citizens or permanent residents; and
5. The company must appoint a Malaysian citizen or permanent resident as its managing director.
General trading is defined as the business of buying, selling, supplying or distributing goods or commodities, whether wholesale or retail, for human consumption or otherwise, and includes any business that is ancillary or incidental to the business of buying, selling, supplying or distributing goods or commodities.
A company that wishes to transact business as a general trader must comply with the following requirements:
1. The company must be registered with the Companies Commission of Malaysia (SSM);
2. The company’s memorandum and articles of association must allow the company to transact business as a general trader;
3. The company must have a minimum paid-up capital of RM2.5 million;
4. The company’s directors must be Malaysian citizens or permanent residents; and
5. The company must appoint a Malaysian citizen or permanent resident as its managing director.
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