Malaysia Wholesale Retail Trade License (WRT)
Tetra Consultants assists our international clients to secure Malaysia Wholesale Retail Trade License (WRT). The license is required by companies which intend to conduct distributive trade services in Malaysia. The license is approved by Ministry of Domestic Trade, Cooperatives and Consumerism (MDTCC). According to the government, distributive trade is defined as all linkage activities that channel goods and services down the supply chain for resale or to final buyers. It does not really matter the form of linkages that your business is carrying out. Physical process, electronic transactions or in person are all considered as distributive trade.
The purpose of the WRT license is to ensure that there is a fair development in the industry. By regulating foreign companies in the distributive trade sector in Malaysia, local businesses will be given the opportunity and environment to grow. To remain competitive in Malaysia, the local companies will be encouraged to become more efficient and productive with technology and resources.
Categories of distributive trades
In Malaysia, there are 4 main forms of distributive trades:
- Retail, Import & Export, Distributive Trade
- Services & Consultancy
Requirements of Wholesale Retail Trade License
- 2 shareholders of any nationality
- 1 local Malaysian director
- Local company secretary and registered office address
- Paid up capital of at least RM1,000,000
Tetra Consultants has over 10 years of experience in securing Malaysia Wholesale Retail Trade License (WRT). After successfully registering the company, our team will secure a local physical office space or warehouse according to our international clients’ business activities.
At the same time, Tetra Consultants will prepare a comprehensive business plan including information such as customers, suppliers, volumes of transactions and expected financial projections for the next three years. Once the above is completed, Tetra Consultants will submit the application and it will take approximately 3 months to be approved.
Contact us to find out more about how to set up business in Malaysia. Our team of experts will revert within the next 24 hours.