What are the popular locations for opening a restaurant in Malaysia?
The suitable locations of restaurants should be near to public transports, shopping malls, office buildings, schools/universities, or tourism hotspots to ensure there are availability of customers. The location should offer easy access and ample parking space. Popular locations for opening a restaurant in Malaysia include Kuala Lumpur, Petaling Jaya, Subang Jaya, Penang, Melaka etc.
What type of company and minimum capital are required for foreigner to set up a restaurant in Malaysia?
Foreigners may incorporate a Malaysian private limited company to run the restaurant. As a foreign owned company engages in distributive trade services (including running a restaurant), the company needs to have a minimum paid up capital of RM1 million in order to apply for Wholesale, Retail and Trade (WRT) License. Please note that the menu of the restaurant must be of unique concept, serving foreign cuisines not commonly available in Malaysia.
Besides the WRT License, what other licenses are required for opening a restaurant?
(1) Business Premises and Signboard License
(2) Food Handling Certificate
(3) Liquor License (if selling alcohol in premises)
(4) Halal License (if targeting Muslim customers)
(5) Music Authors’ Copyright Protection Berhad (MACP) License (if music is played in premises)
(6) Public Performance Malaysia (PPM) License (if music is performed in premises)
What are the requirements of the restaurant’s signboard?
(1) Displaying the company name and business license number, together with the nature of business in Malay language.
(2) Signboards cannot be installed over any glass structure, window, facade or blocking any view or walkway.
(3) No display of alcohol, cigarettes, or indecent photographs.
What is a Halal License, and is it compulsory for restaurants?
Halal certification is often required for restaurants serving Muslim customers. This certification ensures that the food and beverages served comply with Islamic dietary laws. To obtain halal certification, the chef is required to follow the halal methods during preparation of the food by meeting the requirements of Islamic law that during the processing, cooking foods and drinks.
Kaizen, together with its associate firms in Malaysia, can help the clients to perform these compliances formalities so as to maintain the Malaysia company in good standing. Please call and talk to our professionals in Kaizen for further clarification.
Disclaimer
All information in this article is only for the purpose of information sharing, instead of professional suggestion. Kaizen will not assume any responsibility for loss or damage.
A company may undergo dissolution at the hands of the Registrar of the Companies Commission of Malaysia ("CCM") or its various stakeholders, which may include directors, shareholders, creditors, or liquidators. This dissolution can occur for a variety of prevalent reasons, such as lack of business activities
Companies in Malaysia conduct meetings to discuss and decide on matters that require a decision. The types of meetings that may be held by a company including general meeting, board meeting, creditors’ meeting, management meeting etc. Amongst all, the most commonly occurring meeting for a Malaysia company is the Board of Directors meeting.
In broad terms, Malaysian legislation typically does not impose restrictions on foreign ownership in the share capital of companies. However, in cases where specific licenses are necessary for operations, equity conditions or mandates for hiring a minimum number of local employees might be enforced. These measures are intended to enhance the participation of Bumiputera (Malaysians of Malay origin) in the broader economy.
Company shares are a type of security that symbolizes the level of a shareholder’s ownership in a company. It is common for a company to issue various types of shares, each of which grants its holders certain types of rights. In Malaysian companies, the two most prevalent forms of shares issued to shareholders are ordinary shares and preference shares. Each type has its own set of features and privileges for the holders.