Workshop & Training
FRANCHISING a business is one of the proven course for rapid growth. With the right framework, franchising can be a successful expansion strategy without requiring as much up-front capital. However, becoming a successful new franchisor requires detailed consideration of the laws that heavily regulate the franchise industry especially in Malaysia. Franchisor to be or franchisor who wish to expand his business is encouraged to attend a training to equip with an insightful of the holistic approach and infrastructure and overview of regulatory regime of the franchise industry especially in Malaysia.
Intellect is registered Training provider under PSMB for which the courses conducted is 100% Claimable under SBL Scheme. The learning Objective of the workshop includes :-
- Learn the Essentials of Franchising & Licensing
- Understand & Applying Franchising / Licensing Business Startup How-To
- Apply the 10 Golden Pillars To Strengthen Business Infrastructur
- Understand the Franchise Act 1998 & Franchise (Amendment) Act 2012 in Malay
For more information, please call or whatsapp to 6017-5157100
Franchise & Licensing Consultancy
Franchising is a big business and it has enabled millions of people all around the world to be employed. It assures fast and easy expansion and has been selected as one of the best and most favourable methods of growth and distribution in the world. That is why it is no surprise that Franchising is a favourite ultimatum for business owners to expand their businesses. It has been used by many successful businesses as a powerful tool to leverage their businesses and to penetrate the market with lesser capital investment and effort.
Working closely with our clients, we convert their successful prototypes into viable Franchising packages – from the drafting of their Franchise agreements, to the painstaking documentation of their operational and training procedures in order to produce Franchisee-friendly operational and training manuals.
No registration is required for Licensing. However, under Malaysian Franchise Act 1998, there is a legal requirement that all franchises operating in Malaysia (either local or foreign), have to be registered with the Franchise Registry. Incompliance is an offence.
This include those foreign franchisor who wishes to sell their franchise in to Malaysia or to a Malaysian Citizen must first get approval from the Ministry of Franchise . master franchisee of foreign franchisors must register the franchise before they can operate the franchise businee or make an offer to sell the franchse to any party. Incompliance of this requirement is tantamount to an offence and can be punished with a fine from MYR150,000 to RM250,000 and/or imprisonment for a term between 1 to 3 years depending whether it is corporate body or non-body corporates. Therefore, it is very important to those foreign franchisor to take serious notice of this legal requirement before offering their franchise to Malaysian market.
REQUIREMENT FOR FRANCHISE REGISTRATION IN MALAYSIA
To register a franchise with the Franchise Registry., a company should have at least meeting the below requirement and having ready with said documents:-
- run the business for more than 3 years;
- Register as SDN.BHD company at Suruhanjaya Syarikat Malaysia (SSM)
- Forms 24 and 49 (Company’s return as to the Board of Directors and the Shareholders;
- Having a completed operation manual and training manual;
- Having a proposed Franchise Agreement;
- A Disclosure Document ;
- Company’s organizational chart, together with the names and position of key personnel;
- Company’s business brochures
Wait no further to ensure you bring your franchise business in compliance with the legality framework as stipulated by the laws. Contact us to assist you to review your Franchise legality documentations before your offer your franchise to the public.