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CONSTRUCTION COST HANDBOOK MALAYSIA LICENSE
the license is also necessary for the excavation of land, the clearing of the site where the construction will be developed, works related to the foundation of a building, the soil investigation or to any landscaping project.the construction of viaducts, bridges and dams, sewers, shafts or tunnels.any constructions related to electrical works, mechanical and waterworks or to projects related to telecommunications.roads, railways, cables, canals, aerodromes, drainage systems or irrigation systems.any building structure, edifice, walls, fences or chimneys (this applies to any new construction project or to partially constructions).The detailed list of the construction activities that need to be licensed here is presented below: This is required for any construction projects, design projects, extensions, reparations, maintenance, renovations or demolition projects. What types of construction projects need a license in Malaysia?īusinessmen who want to open a company in Malaysia that deals with construction projects should know that the construction license is necessary for a wide category of projects.
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CONSTRUCTION COST HANDBOOK MALAYSIA REGISTRATION
Moreover, it is good to know that the company registration in Malaysia can be an easy process if all the needed documents are prepared with our team and approved by the authorities in charge. If you want to set up a companyhere, it is best to solicit help, guidance and information in this matter from our experts in company incorporation in Malaysia. In this situation, the fee will be settled at 0,125% from the registered construction project and investors may receive more information on this subject from our team of consultants in company formation in Malaysia. The CIDB in Malaysia must be informed of the value of the construction project, which must not exceed RM 500,000,000 for foreign contractors established in the country. Considering the grades of CIDB schemes according to the established capacity (square meters and volume), a certain tax will need to be paid when applying for the construction license. The CIDB license is available for a period of one to three years, but the owners of the document can renew the licenseupon its expiry. Knowing the main fields of activity, the following categories need to be considered when applying for a CIDB license in Malaysia: building construction, civil engineering construction and electrical and mechanical construction. A local or foreign entrepreneur who wants to start his/her construction business in Malaysia needs to apply for a CIDB license considering that if he/she will not proceed in accordance, a fine will be imposed.