SEPANG, July 7 — The Ministry of Domestic Trade and Consumer Affairs is in the midst of reviewing the proposal to lower the initial capital for franchises to as low as RM50,000, according to its minister Alexander Nanta Linggi. He said the move will encourage more people to start a franchise...
Tuesday, 07 Jul 2020 06:23 PM MYT
SEPANG, July 7 — The Ministry of Domestic Trade and Consumer Affairs is in the midst of reviewing the proposal to lower the initial capital for franchises to as low as RM50,000, according to its minister Alexander Nanta Linggi. “We want to reduce the initial capital as an impetus for those interested in the franchise business because it is difficult for them to raise the initial capital,” he said at a press conference after conducting a walkabout to 13 franchise outlets in KIP Mall Kota Warisan here today.
Nanta said his ministry was gathering views from various parties especially entrepreneurs to identify franchises which can be started with a capital of RM50,000.
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