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 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 is able to successfully obtain your Malaysia Work Permit without any hinges.
Shareholders/Directors Position- you are required to have a minimum of MYR500,000 share. At such, your company is required to set-up with a minimum authorized capital of RM 1million. For 100% foreign owned businesses, 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 that 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, trade license and work permit application until final visa endorsement onto your passport is 3 to 6 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 RM 1million.
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. With this kind of 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, Immigration may approve your 2 years work permit right away!
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.
We are the Licensed Agent for Expatriate Work Visa
2. Be employed by Malaysian Companies, Regional/Representative Office in Malaysia and get work permit for 2 years
Under this category, the employers will apply the Malaysia work permit (2 years visa) for the foreigners whom they wanted to hire. The foreigners will take on a normal employment contract with the company, and the salary has to be minimum MYR5,000 in order to qualify under Immigration Department. We are not a recruitment agency to provide this service to foreigners who like to apply for a work permit under this category. They may contact the companies directly or recruitment agency for assistance.
Usually the company who employed already well established, at the such the processing time until final endorsement of visa onto your passport only take about one month.
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.
3. 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 finding opportunities 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 this set-up.
4. Setting up an Off-Shore Company and get work permit for 2 years
For faster access to Malaysia for work permit, we can assist you to set up the 100% foreign owned company to operate your business in Malaysia and overseas, hassle free with need any trade license to operate! The processing time until your final visa endorsement onto your passports only less than 2 3 months. Tax on company is also very low at 3% on net profit. Under this set-up, depends on the activities, you may allowed to apply for 3 to 4 positions of work permit. [Know more about the benefit.. click here!]
All the above 4 types of work permit is multiple entry, renewable and it allows your spouse and children under aged 18 to join after your work permit is approved by the Immigration Department of Malaysia 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 investment in Malaysia, these services give you a peace of mind and most of all save your time! Time is money!
For those who like to have a hassle-free visa for 10 years, find out more on how to apply Malaysia My Second Home visa- a 100% risk free migration investment program.