How to Get the License for Employment Agency in Malaysia

How to Get the License for Employment Agency in Malaysia aislinghr.weebly.com/blog/how-to-get-the-license-for-employment-agency-in-malaysia

Is your staffing agency is legal or preparing to become legal according to the law of your country? The employment agency in Malaysia is the best way to start a new business because it has demand worldwide. However, the recruitment company is an important business if we look at the general point of view. It helps find the best job and fills the space for vacancies in companies or organizations. Furthermore, the recruitment agency imparts a vital role in the job market because it helps to find a good fit for the right employers by using their skills and expertise. It ensures both parties will be satisfied with the agency's struggles.

But again the question is, are these recruitment agencies are legal or not? Or, if they are legal and follow the laws, what kind of documents do they require to get the license for it?

Local and foreign investors can establish a recruitment agency in any region globally, and all of their needs follow registration rules. Therefore, the entire article will deal with this topic.

Points to Remember: The first step to start a recruitment agency in your country is to set up your company. After this, you have to get the license for your employment agency in Malaysia. If you are only dealing with the payroll process, you don't need any license for your agency.

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The license is only applicable when you deal with staffing agencies. Here are some of the essential key factors that will help you to know the license application's requirements: All companies who run the private employment agency will have to get the license.

The ministry of Human Resources Malaysia will issue the license to staffing agencies.

A company must have to get the license before starting the business commences.

The license will only be applicable when you are running an executive firm.

However, you will not be able to get the license to any company unless it follows all the rules and regulations according to the application.

Furthermore, the employment agency in Malaysia will only get the authority to run the employment agency if its citizens are from Malaysia.

A company accomplishes the business, so half of the shares will be for Malaysian citizens.

Fundamental Documents for Staffing Agency: You'll always need important documents to start a staffing agency in any country. So here is an essential charter list for those who are going to establish their staffing agency.

Incorporate certificates Name change certificates Returns of the details to the other company members such as the director, secretaries, and managers.

Memos and articles for associations.

The Complete information on allotment of shares.

RM 50,000 verification from bank statements.

Establishment's proposal for Employment agency in Malaysia A Cash flow or revenue from the company of 6 months.

Additional Documents Audit financial statements If you have a branch of your employment agency, attach the increased paid-up capital of RM50,000.

Documents for Directors & Shareholders Personal details Copies of birth certificates, passport size pictures, or NRIC. Letter of acknowledgment from IRB. Professional testimonial Declaration of solvency from insolvency Department of Malaysia.

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