WRT License Application

Malaysia Wholesale Retail Trade License (WRT)

  • Definition: The Malaysia Wholesale Retail Trade License (WRT) is a license required for businesses with foreign participation in the distributive trade sector in Malaysia.
  • Approval: It is approved by the Ministry of Domestic Trade, Cooperatives and Consumerism (MDTCC).
  • Distributive Trade: This refers to all activities that channel goods and services down the supply chain for resale or to final buyers, regardless of physical or online presence.
  • Purpose: The license aims to ensure growth and development in the distributive trade sector, encouraging efficiency and competitiveness.

 

Reasons for Introduction of the WRT License

  • To regulate foreign participation in the distributive trade sector.
  • To renew development in the industry and increase local business development.
  • To encourage modernization and efficiency in the distribution trade sector.
  • To be a pre-condition requirement by the local authorities to issue the business license.  

 

Categories of Distributive Trades

  • Retail, Import & Export, Distributive Trade
  • Restaurant
  • Franchise
  • Services & Consultancy

 

Requirements for WRT License

  • List of company directors.
  • Local company director.
  • Local company address and registered office address.
  • Paid-up capital of at least RM1,000,000.

 

Application Process

  • Tetra Consultants, with over 10 years of experience, assists in securing the WRT License.
  • They will develop a comprehensive business plan, including information on customers, suppliers, volumes of transactions, and financial projections.
  • Tetra Consultants will submit the application, which takes approximately 2 months for approval.

 

Documents Required for WRT License

  • Completed Form WRT 1 Application Form
  • Company Profile or Business Plan
  • A copy of Section 58 Form (if there is any change in the register of directors, managers, and secretaries)
  • A stamped copy of Section 323A Form (if there is any change in direction or transfer of shares)
  • A copy of registration confirmation letter from the Inland Revenue Board of Malaysia (LHDN/Lembaga Hasil Dalam Negeri LHDN)
  • Non-mandatory documents (where applicable)
  • A copy of relevant and valid license(s) issued by the local authority.
  • A stamped copy of the tenancy agreement or sale and purchase agreement of the business premises.  
  • Copies of audited financial statements for the past five (5) consecutive years.
  • A copy of license(s) or approval letter(s) issued by any ministry, agency, or department related to the business.
  • A Copy of the customs clearance document, bill of lading,

    delivery bill, delivery orders, purchase orders, or sales invoices for the latest 3 months.  

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