MALAYSIA WORK PERMIT FOR FOREIGNERS
For foreigners who wish to start business or be employed and stay permanently in Malaysia, they can apply for work permit, and it comes in 4 different categories as follows:
1. Setting up your own Malaysia International Company and get 2 years Business Visa for you and family
For faster access to Malaysia for 2 years’ work permit, we can assist you to set up the Labuan International Company -100% foreign owned company with the lowest paid-up capital to operate your international business in Malaysia, hassle free without the need of any trade license for most trading businesses and without the need to set-up office to operate! The processing time from registration of company to the final visa endorsement onto your passports within 60 days! Corporate tax on net profit is very attractive at 3% or you can elect to pay RM20,000. Under this set-up, depends on the activities and your profile, you may be allowed to apply for 3 to 4 positions of foreigners with work permit under your company. Find out why now Labuan International is a very popular choice for all foreigners! [Complete info on the advantages of Labuan International Company work permit.. click here!]
2. Setting up your own business and apply the Malaysia 2-years work permit under your own Malaysia Sdn Bhd company comes in two forms:
a. Non-resident company where foreigners can own 100% Malaysian Private Limited (Sdn Bhd) Company
This category is meant for foreigners who wish to run his own business in Malaysia. Please ensure your intend businesses are permissible in Malaysia before you incorporate your company! We can assist you to check out the types of businesses and industries are not allowed. This will ensure you, as a foreigner able to successfully obtain your 2-years Malaysia Work Permit (DP10), without any hitches.
To apply for Shareholders/Directors Position, you are required to have a minimum of RM500,000 share. At such, your company is required to set-up with a minimum authorized capital of RM1 million. For non-resident companies, you do require the trade license such as Whole, Retail Trade License (WRT). The license application will take about 2 to 3 months for approval. Bear in mind, WRT license is only applicable to “unique” business nature and “benefiting to Malaysia’s economy” will be approved.
The processing time from incorporating the company, setting up the office, trade license and 2-years (DP10) work permit application until final visa endorsement onto your passport is 6 to 9 months. The time may be longer as you need also to set-up your office/shop as well as bank in your capital into your bank account for filling your paid up capital to be RM1 million.
b. Joint-Venture with Local Malaysian for the Malaysian Private Limited (Sdn Bhd) Company
You can also form a company joint venture with local Malaysian, the paid capital required under Immigration regulations to allow such company eligible to apply for work permit for foreigners is RM350,000. Under this company structure, your company does not require WRT license if your local Malaysian partner owned more than 50% shares. Depends on the nature of business and profile, Immigration authority may approve your DP10 2-years work permit for newly formed company. The approval is very stringent for the new company as there is no activities. However, if the new company able to present recommendation letters from other Governmental bodies, the Immigration may consider for approving your DP10 2 years work permit application.
The time frame processing from setting up the company, apply the work permit until final endorsement of visa onto your passport : 2 to 3 months.
Find out the latest info on major problems faced by foreigners of Malaysia Sdn Bhd company!
3. Be employed by Malaysian Companies, Regional/Representative Office in Malaysia and get work permit for 2 years
Under this category, the business owners and employers can apply the Malaysia DP10 work permit (2-years visa) for the foreigners whom they wanted to hire. The foreigner will take on a normal employment contract with the company, and the salary has to be minimum RM5,000 in order to qualify under Immigration’s guidance.
The positions can be hired by the companies has to meet approval of the Immigration Department of special skills and education as follows:
Specialist/Technical/Skill Position- you are required a minimum Bachelor Degree qualification related to the required positions. For this category, please ensure the positions are permissible for foreigners by Immigration Department of Malaysia to successfully issue a Malaysia Work Permit for you and family.
Once you have decided on hiring of your expatriate working with you, feel free to contact us to find if your company’s requirement are met. The processing approval by Immigration Department usually take about 1 to 2 months from application stage to final endorsement of visa. For new company less than 1 years in operation and without substantial turnover/transactions, the hiring usually will be rejected by Immigration Department.
We are not a recruitment agency to assist foreigners who like to apply for a job. They may contact the companies directly or recruitment agency for assistance.
4. Setting up your own Regional/Representative Office in Malaysia and get work permit for 3 years
If you have a company in your own country and have been established at least 2 years, you may set-up a Regional/Representative Office is Malaysia. The Regional/Representative Office is not allowed to do any commercial transactions (sales) with Malaysian companies. It serves as coordinating centre, fact finding, survey and opportunities sourcing only.
Through this path, you and your family can apply for 3 years work permit. Processing time for approval until final visa endorsement on your passport take about 2 to 3 months. Consult us to find out if your company is eligible and we will advise you accordingly the number of expatriates can be employed under the Regional/Representative set-up.
The above 4 types of work permit visa come with multiple entry, renewable and it allows your spouse and children (under aged 21) to join. Each type has it own merits, feel free to speak to us on your needs!
MalaysiaBizAdvisory provides complete service to assist foreigners in all aspects for their business investments in Malaysia, the services give you a peace of mind and most of all save your time! Time is money! We “simplify your investment” in Malaysia.
For those who like to have a hassle-free residency visa of 10 years, find out more on how to apply Malaysia My Second Home visa- a 100% risk free migration program. Contact us at +603-2181 2882 today!