MOF License
The MOF License is a license created to provide opportunities for
companies, suppliers and entrepreneurs to obtain projects or tenders from the
government. Entities that is eligible to apply the license are Enterprise, LLP
and Private companies (Sdn Bhd) that is registered under Companies Commission of
Malaysia. An application from individuals will be rejected. Tenders that can
apply are 30 field according to the company’s field code.
Requirement to apply the license
1)
Entities such as Enterprise,
LLP and Private companies
2)
The companies must have a paid up
capital of RM 2500 and above (LLP and Enterprise can refer to their bank
statement)
3)
The company need to have a
premise, office or a house and at least equipped with one employee
4)
The company should have
necessary license and or letters of approval by accordance to the field that
they applied for
5)
The company shall have the
field code that is parallel with the code issued by MOF
Procedure to have a license
1)
Create an account from the MOF
website to submit the applications online
2)
Submit the supporting documents
to MOF via counter submission or online (recommendation to submit the document
at the counter)
3)
MOF will announce the results
For new registrations, the process of obtaining license
approval is 7 working days.
Supporting Document
For new registration of MOF license, the company must provide the
following supporting documents:
1.
Declaration Form
2.
Memorandum and Article of
Association /Section 14/ Form 55 (for Limited Companies)
Form 24/ Section 78 dan Form 24 / Section 58 for companies less than
one year or latest Form of Annual Return (for companies that have been
incorporated over 18 months), Form 32A / Section 11 (if applicable)
1.
Copy of owner’s / directors’
Identity Card
2.
Current Account Statement
Validity of the license
The Company Registration Certificate issued is valid for 3 years
from the date of registration. Applicants must apply for license renewal
starting from 3 months before the expiry of the license up to one year after
the expiry of the license to avoid automatic revocation of the MOF license
Bumiputera Status
There are tenders that open specifically for Bumiputera. Therefore,
a Bumiputera license is required for the tender application. The validity of
Bumiputera status is accordance to the validity of the MOF license.
The requirement to apply for Bumiputera status are:
–
Companies incorporated with the
Companies Commission of Malaysia (CCM) under the Companies Act 2016
–
Application must be submitted
after the company is registered
–
Eligible to apply by companies
with 2/3 Bumiputera directors or all directors are Bumiputera
–
Companies with 2/3 of
Bumiputera employees
–
The financial management of the
company is handled by Bumiputera
–
The highest percentage of
individual equity holdings is dominated by Bumiputera
Registration Fee
Fee that is related to the process are:
|
No |
Perkara |
Fi (RM) |
|
1 |
New Registration |
RM 50 / application |
|
2 |
Additional digital certificate (per
person) |
RM 120.00 / 3 years |
|
3 |
Payment after the registration is
approved |
RM 400.00 / 3 years |
|
4 |
Add new field |
No charge imposed |
|
5 |
Updating Profile |
No charge imposed |
|
6 |
Bumiputera Status |
No charge imposed |
Reference link:
1)
https://www.youtube.com/watch?v=KfZ1kxxmM6M
2)
https://www.youtube.com/watch?v=heLgqwgp6v0
4)
https://www.mof.gov.my/ms/bisnes/maklumat-pendaftaran-syarikat
5)
https://malaysiabiz.net/panduan-daftar-mof-update-2019/