Register For Bumiputra Status At MOF

Application for Bumiputera Status Registration MOF Financial License can only be applied for by companies that already have a Ministry of Finance Certificate

Complete Guide to Bumiputera Status Registration and Financial License Application from the Ministry of Finance Malaysia (MOF)

Bumiputera Status Registration and application for a Finance License from the Ministry of Finance Malaysia (MOF) is an important process for companies that want to operate in the financial sector and take advantage of the advantages provided to Bumiputera companies. This process involves several steps that must be followed carefully to ensure your application is approved. This article will provide a complete guide on the steps that need to be taken to register for Bumiputera Status and apply for a MOF Finance License.

1. Bumiputera Status Eligibility and Registration

Before applying for a MOF Financial License, your company must obtain Bumiputera Status from the Ministry of Finance Malaysia. This is the main requirement to ensure that your company is recognized as a Bumiputera company and eligible to apply for a financial license.

1.1 What is Bumiputera Status?

Bumiputera status refers to official recognition from the Malaysian Ministry of Finance that your company meets the set bumiputera criteria. Companies that have been recognized as bumiputera can enjoy various advantages and incentives, including access to government contracts and projects, as well as financial assistance and other support.

1.2 Eligibility Criteria

For your company to be recognised as a Bumiputera company, it must meet the following criteria:

• Ownership : At least 51% of the company’s ownership must be owned by Bumiputera individuals.
• Management : The company’s management criteria and structure must also comply with the conditions set by the Ministry of Finance.
• Ministry of Finance Certificate : The company must have a certificate from the Ministry of Finance confirming its registration status.

2. MOF Financial License Application Steps

Once your company is recognized as a Bumiputera company, you can begin the process of applying for a Financial License. Here are the steps you need to take:

2.1 Filling out the Application Form

The first step in the application process is to fill out the Bumiputera Status Registration application form which can be found on our official website. This form must be filled out completely and accurately to ensure that the subsequent process can be carried out without any problems. The information requested in the form includes company details, owner information, as well as the required supporting documents.

• Fill in Company Information : Provide complete information about your company, including company name, registration number, and office address.
• Fill in the Owner Information : State the details of the company owner who meets the Bumiputera criteria.
• Supporting Documents : Attach supporting documents such as a copy of the company registration certificate, owner’s identification card, and proof of ownership.

2.2 Application Reviewed

Once the application form is completed, we will review the documents submitted and provide information on additional eligibility requirements that must be met. This review process aims to ensure that all information provided is accurate and complete. If there are any deficiencies or additional documents required, we will inform you for further action.

• Information Check : Make sure all information entered in the form is correct and complete. If there are any errors, please make corrections as soon as possible.
• Additional Information : If there are additional requirements or supporting documents required, we will contact you to complete the application.

2.3 Sending Documents

Once the application form is reviewed and approved, the client needs to send the required documents to us. These documents usually include a copy of the company registration certificate, the owner’s identity card, and proof of ownership. Please ensure that all documents are sent in the requested format and in good condition to avoid any delays.

• Document Submission : Submit the required documents via email or the platform provided. Make sure the documents are clear and readable.

2.4 Application Processing

Once the documents are submitted, we will send the completed application form to be processed by the Ministry of Finance Malaysia’s procurement system. This process involves further inspection and final approval from the authorities.

• Processing in the System : Your application will be entered into the Ministry of Finance system for assessment. This process may take time depending on the workload and complexity of the application.

2.5 Receipt of Financial License Certificate

Once your application is approved, a Financial License certificate will be issued. We will send the certificate to the customer via email and WhatsApp. This certificate is official proof that your company has obtained a valid financial license from the Ministry of Finance Malaysia.

• Certificate Receipt : Check the certificate received to ensure there are no errors. This certificate should be kept well as proof of license approval.

Conclusion

Managing the application for Bumiputera Status and Financial License from the Ministry of Finance Malaysia is a process that requires attention to detail and compliance with the stipulated requirements. By following the steps outlined above, your company can take advantage of the various advantages offered to Bumiputera companies and comply with the legal requirements to operate in the financial sector.

If you need additional assistance or have any questions regarding this process, please contact us via email or whatsapp . Our staff is always ready to provide assistance and ensure that your application is processed smoothly. Thank you for your attention and cooperation.