Advantage to incorporate in Malaysia
Malaysia is a multi-ethnic, multicultural and multilingual society. It is a fast-growing state-oriented and newly-industrialized economy with liberal market policies aimed at promoting trade, entrepreneurship and industrial and economic development. Initiatives undertaken by the government and the private sector are investor-centric and business-friendly with the primary aim of encouraging market development.
Dynamic Business Environments
This has transformed Malaysia into one of the most dynamic business environments in South East Asia. Malaysia has a mixed economy with active participation in business by both the private and public sector. Although traditionally a commodities-led economy, services have contributed to the country’s recent economic growth and now comprise the largest sector of the economy.
Strong growth rates
Primary economic activities in Malaysia include manufacturing, export trade, services, tourism, and commodities such as petroleum, palm oil, natural rubber and timber. Information technology is also a growing industry. Malaysia’s economy has posted strong growth rates over the past few years.
The major trading partners of Malaysia are the United States, Singapore, Japan, People’s Republic of China, Thailand, Hong Kong, South Korea, Germany, Indonesia and etc.
Malaysia offers the following competitive advantages for investors:
- A number of liberalization programs welcoming more foreign investment across a large number of sectors
- A developed transport and telecommunications infrastructure
- A skilled labour force with relatively low wage costs
- Fully- developed industrial parks, including free industrial zones, technology parks and Multimedia Super Corridor
- The Labuan International Business and Financial Centre offering an attractive offshore location for financial services activities
|Ease of Doing Business||Malaysia ranked 15th in World Bank Doing Business 2019 Report|
|Limited Liability||The Company’s shareholders will only be liable for any debt the company accrues according to the levels of their own investment and no more as well without risking the personal wealth and assets.|
|Separate Legal Entity||It allows the company continuous existence beyond the life of its members and the ownership is transferable.|
|Lower Corporate Tax Rates and Tax Advantages||The company is benefited from the amnesties, tax incentives & waivers as well as having double taxation treaties.|
|Increased Access to Capital Funding||It is often easier for companies to raise money than it is for other forms of business.|
|Educated Workforce||Malaysia’s working population has begun to pick up a considerable measure of validity from foreign organizations. This is because the workers of Malaysia are highly educated, and they acquire the skills that an organization requires to function correctly. The Malaysian workforce has become one of the important points among all foreign organization.|
|International connection||You may connect with other businesses setting up a business in Malaysia. It’s noticeable that global business summit is held in Malaysia every year. Being a businessman of Malaysia, you have the opportunity to introduce with multiple of people in the business that is an advantage to focus your business.|
|Multicultural Environment||English is widely spoken across Malaysia and limited language barriers.|
|Location||Strategic location benefited from the centre of an international shipping route. The port of Malaysia is one of the busiest ports in the world.|
|Weather||Malaysia Weather and Climate at One Glance almost without any major natural disaster, which is significant, especially for business and factory operation.|
|Other benefits||Malaysia is having a low start-up, labour costs, rental rates, and cheaper expenses relatively.|
|Population||Total Population : 32,600,000++ / In W.P. Kuala Lumpur : 1,796,200++ / In Johor Bahru : 995,789++|
(According to the Department of Statistics, Malaysia and World Population Review)