Can International Students in Malaysia Start a Startup or Business Under a Student Visa?
Yes, international students studying in Malaysia can start a startup or a business while on a student visa, but several regulations and conditions need to be followed. This guide will help you understand the process and the considerations involved.
Student Visa Conditions
The primary objective of a student visa is to focus on education. Engaging in business activities is typically restricted and may require additional permissions. It is essential to check the specific terms of your student visa to ensure compliance.
Business Registration
If running a business is allowed, the next step involves registering the business with the Companies Commission of Malaysia (SSM). The registration process includes selecting a suitable business structure, such as a sole proprietorship, partnership, or a private limited company, and meeting the necessary legal requirements.
Work Limitations
International students are generally permitted to work part-time, up to 20 hours per week during semesters. Additionally, full-time work is allowed during holidays. However, this work must be within certain sectors and may not include running a business unless specifically permitted.
Consult Local Authorities
To ensure compliance with all regulations, it is advisable to consult the Malaysian immigration authorities or your university’s international office for specific guidance and advice.
Seek Legal Advice
Engaging with a legal expert or a business consultant specializing in Malaysian business law can provide clarity on the requirements and assist you in navigating the process effectively.
Summary
While it is possible for international students to start a business in Malaysia, they must adhere to the conditions of their visa and seek proper guidance to ensure compliance with local laws.
Comparing Other Countries
It's worth noting that the rules can vary significantly depending on your location and the specific country you are considering. Here’s a brief comparison with two major destinations for international students:
The US
The process for starting a business in the US is complex and often requires special authorization. Typically, those with an F-1 visa are employed within the terms of their visa, making it difficult to run a business.
The UK
Starting a business is not permitted while on a student visa in the UK. You can develop the idea during your studies and apply for a Start-up visa after graduation to start the business.
Regardless of the country you choose, understanding the specific regulations and seeking professional advice can significantly ease the process of starting a business while studying.