To register a travel agency or tour operating business in Malaysia is not that complicated, the basic requirement is to setup a sdn bhd and having sufficient paid up capital (i.e. RM50,000 for inbound operator in rural area).

I have just recently got my application approved, now i am setting up premise and waiting to attend the TTMC course, cant wait to start the business ASAP:)

For the general guideline in setting up a travel agency in Malaysia, you can check out this guide:

http://www.how-to-start-a-travel-agency.com

Hope this helps:)

Simon