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The Malaysian Franchise Association was formed in 1994 to support the implementation of the Government program to promote entrepreneurship through franchising. The formation of MFA was indeed timely as to promote the development of franchising in Malaysia.
Application For Registration Of Franchises. By virtue of Section 6 of the Franchise Act 1998, a franchisor or master franchisee is required to make an application to register his franchise with the Registrar of Franchises, Ministry Of Domestic Trade and Consumer Affairs (KPDNHEP), by submitting an application to the Registrar, together with the ...
This article seeks to provide guidance for business owners intending to register a franchise in Malaysia, to navigate around the legal requirements imposed in setting up a franchise. The main legislation governing franchises is the Franchise Act 1998 (“ FA ”).
10 Οκτ 2024 · How to Register a Franchise Business in Malaysia. After deciding to start your franchise in Malaysia, the next step is for you to get it through compliance to operate as a legal entity. Stage 1: Registration with Registrar of Franchise (ROF)
24 Οκτ 2023 · 1. Plan Your Budget. 2. Survey the Market and/or Franchise. 3. Talk to Former and Current Franchisees. 4. Consult with the Malaysia Franchise Association (MFA) 5. Ask Consultants or Lawyers for Advice. 6. Prepare a Business Plan. 7. File Franchise Agreement and Register It.
9 Αυγ 2024 · You must submit the registration to the ROF before commencing your franchise business operations. To register a franchise with the ROF, the franchisor must prepare and submit specific documents. These documents include: Franchise agreement; Operation manual; Training manual; Certificate of incorporation; Forms 24 and 49; Form of annual return
If you’re considering franchise ownership in Malaysia, it’s important to choose the right franchise opportunity that aligns with your interests, goals, and values. Start by researching the franchise industry in Malaysia and identifying potential franchises that match your criteria.
