Procedure for the WRT License in Malaysia for Foreign Participation in Business

It is tedious to get the WRT license in Malaysia because of the restrictions in foreign participation and the types of activities you can add to your business. When you apply for a work permit, the Immigration Department will go through these activities. It involves many other government departments such as the local town council. For this reason, it is better to choose a proper company with relevant experience to represent your business participation.

It is important while registering the company to specify the nature of the company such as Consultancy, Textile, Garments, Exports, Import, Trading, and so on.

Purpose of issuing the license

The Ministry of Domestic Trade and Consumerism issues this WRT license for purposes such as:

●       Ensure fair development in the industry.

●       Regulate foreign participation.

●       Encourage modernism.

●       Improve local business development.

●       Enhance the distribution efficiency of the trade sector.

This license is needed to get the license of business from the local authorities.

Different kinds of WRT licenses

There are four types of WRT Licenses that belong to four categories. These businesses can apply and operate in Malaysia:

1. Wholesale/Retail Restaurant Trade.
2. Import and Export Trading, Retail, and Distributive Trade.
3. Consultancy and Services.
4. Franchise Business.

The WRTLicense approval is needed before one gets the work permit (DP 10). There is a requirement for the company to have a paid-up capital of RM 1million minimum along with the phone line and a valid agreement for tenancy.

Time for processing the applications

The processing time for the approval is 1-2 months. If there is a need for the inspection of the office, it may take longer. If the company is newly set-up, it is better to submit the investment and business plan in advance in Malaysia. This will save you time and you will get the license faster.