To Carry On Business The General Trading Companies in Malaysia

The term ‘general trading company’ (GTC) is used to describe a company that is involved in the import and export of a wide range of products. In Malaysia, there are a number of GTCs that operate in various industries, such as oil and gas, palm oil, timber, electronics and more.

GTCs play an important role in the Malaysian economy, as they help to boost trade and contribute to the country’s GDP. They also create employment opportunities and help to develop the country’s infrastructure.

The Malaysian government has put in place a number of policies and incentives to encourage the growth of GTCs in the country. These include the establishment of the Malaysian Investment Development Authority (MIDA), which provides assistance to GTCs in the form of loans, tax exemptions and more.

The government has also introduced the Malaysian International Trade and Exhibition Centre (MITEC), which is a one-stop centre for all trade-related matters. MITEC provides a platform for GTCs to showcase their products and services, and to meet with potential buyers from all over the world.

In order to carry on business, GTCs must be registered with the Companies Commission of Malaysia (SS