To Carry On The Business Of Letting Of Properties And Investment Holdings Companies in Malaysia

Carry on the business of letting of properties and investment holdings companies in Malaysia. Companies which are involved in this activity are required to comply with the Companies Act 2016 and the Malaysian Investment Development Authority (MIDA) guidelines.

The objective of this policy is to ensure that only those companies which are capable of managing their properties and investment holdings in a professional manner are allowed to operate in Malaysia. This will in turn safeguard the interests of the tenants and investors, as well as contribute to the development of the Malaysian property market.

In order to obtain a licence to carry on the business of letting of properties and investment holdings companies in Malaysia, an application must be submitted to the Registrar of Companies along with the required documents. The company must also appoint a qualified managing agent who will be responsible for the day-to-day management of the property.

Once the licence is obtained, the company will be required to comply with the conditions stipulated therein. These conditions include, amongst others, the submission of quarterly reports on the status of the properties and investment holdings, as well as the appointment of a qualified auditor.