Under the Industrial Coordination Act of 1975, investors seeking to engage in manufacturing activities need a license if the business claims capital of MYR 2.5 million or employs at least 75 full-time staff.
Foreign holdings are limited in radio/television broadcasting, distribution of water and electricity, logistics, industrial training, and distributive trade, insurance sector, oil & gas, telecommunications, etc. Foreign investment in services, whether in sectors with no foreign equity caps or controlled sub-sectors, remain subject to review and approval by ministries and agencies with jurisdiction over the relevant sectors.
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