Licenses are granted by the Malaysia Securities Commission (“MSC”) under the Capital Markets and Services Act 2007.
Below please find features of the particular license category in more details:
Feature/Category | Capital Market Services License |
Type of company required to be eligible | Malaysian LLC company |
Corporate taxation | 24% |
Minimum paid-up statutory capital | Depends on services to be provided. Range is from 50,000 RM to 100 million RM |
Main requirements | Minimum of 2 directors, Compliance & AML Officers, qualified personnel, capital adequacy calculation, bookkeeping/audit, audited financial statements with local auditor, physical office |
Timeframe | A complete license application is normally decided upon MSC approval within 3-4 months from the date of filing |
Government fees | 100 RM |
GFSC GLOBAL can offer as well the following services in relation to the license application, which include:
Opening of operational and clients bank accounts (worldwide).
2) Assistance with recruitment of personnel (e.g. Executive Director(s), Independent Non-Executive Director(s), other required qualified personnel)
3) Provide outsourced services, such as Accounting, Bookkeeping, Internal Audit, External Audit, Capital Adequacy calculation
4) Provide outsourced Compliance & AML Support services
5) Provide outsourced Risk Management services
6) Assistance with finding local premises
7) Assistance with Trademark & Brand Name registration
8) Provide in-house trainings/seminars
9) Provide Legal Opinions
10) Provide DPO & GDPR Advisory services
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