Minster in the Prime Minister's Department Hannah Yeoh announces plans for longer business licence renewals, benefiting nearly 95,000 enterprises and enhancing the urban business ecosystem's efficiency.
Minister in the Prime Minister’s Department Hannah Yeoh speaks at a joint press conference with Kuala Lumpur Mayor Datuk Seri Fadlun Mak Ujud in Putrajaya , May 20, 2026.
— Bernama pic! Plus, enjoy an additional FREE RM10 when you sign up using code VERSAMM10 with a min. cash-in of RM100 today. T&Cs apply. PUTRAJAYA, May 20 — Kuala Lumpur City Hall’s initiative to introduce business licence renewals of up to three years beginning July 1 is expected to benefit nearly 95,000 licence holders while strengthening a more business-friendly and efficient urban business ecosystem.
Minister in the Prime Minister’s Department Hannah Yeoh said the initiative was introduced to ease the burden of annual licence renewals, which often place pressure on traders, especially towards the end of the year.
“They can still choose to renew their licences annually, but those who are able now have the option to renew for two or three years. “If they have no compounds or outstanding payments, they will be eligible for discounts if they opt for the two- or three-year renewal period,” she told a joint press conference with Kuala Lumpur Mayor Datuk Seri Fadlun Mak Ujud here today.
Hannah said DBKL would offer a five per cent discount on licence fees for two-year renewals and 10 per cent for three-year renewals. She said the initiative would also benefit traders seeking financing from banks or financial institutions, as licences valid for a longer duration could strengthen confidence in the stability of a business.
In addition, Hannah said the move could help reduce operational and hidden costs incurred by traders during each renewal process, including the need to repeatedly submit documents.
“The implementation of multi-year licence renewals is expected to reduce the burden of annual renewals, save time and compliance costs, while improving the efficiency of service delivery to the business community,” she said. She said DBKL remained committed to making Kuala Lumpur more business-friendly by reducing unnecessary bureaucracy and processes.
“We just want to make KL really business-friendly to everybody and to ease doing business in KL,” she said. — Bernama
Business Licence Renewals Multi-Year Licences DBKL Putrajaya Hannah Yeoh Kuala Lumpur City Hall Traders Ease Burden Confidence Operational Costs Hidden Costs
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