To Transact Business As General Trader Companies in Malaysia

A general trader company is a company that is involved in the business of buying and selling products and services. These companies are usually involved in a wide range of businesses, including manufacturing, retail, and wholesale. General trader companies in Malaysia are required to obtain a license from the Ministry of International Trade and Industry in order to operate.

The main reason why general trader companies are required to obtain a license is because they are considered to be high-risk businesses. This is due to the fact that these companies are involved in a wide range of businesses, which makes them more likely to be involved in illegal activities. In addition, general trader companies are also required to post a bond in order to ensure that they will not engage in any illegal activities.

General trader companies in Malaysia are subject to a number of regulations. For example, these companies are required to maintain a minimum capital of RM500,000. In addition, they are also required to submit audited financial statements to the Ministry of International Trade and Industry on a yearly basis.

Despite the fact that general trader companies are considered to be high-risk businesses, they still play an important role in the Malaysian economy. These companies provide employment for a large number of people and they also contribute to the country