Trading In General Merchandise Companies in Malaysia

In Malaysia, trading in general merchandise companies is regulated by the Ministry of International Trade and Industry. There are a number of requirements that companies must meet in order to be registered as a trading company in Malaysia. These requirements include having a minimum paid-up capital of RM2.5 million, a minimum of five years' experience in international trade, and a track record of successful business dealings.

Trading companies in Malaysia are required to maintain a physical office in the country and must have at least two full-time Malaysian employees. The company must also have a board of directors that is composed of at least three Malaysian citizens.

Trading companies in Malaysia are allowed to engage in a variety of activities, including the import and export of goods, the provision of services, and the investment in and development of property. They are also allowed to participate in e-commerce activities.

The Malaysian government has put in place a number of incentives to encourage companies to set up and operate in Malaysia. These incentives include tax holidays, duty-free import of capital goods, and preferential treatment in government contracts.