malaysia tagged posts

5 Reasons Entrepreneurs Are Drawn To Do Business In Malaysia

You may have picked up on a trend that began some time ago and is consistently developing momentum. The trend in question is the tendency of entrepreneurs to seek business opportunities in Malaysia. With a trend being so defined and strong, there must be powerful influential factors that drive the trend. There are a number of benefits to doing business in Malaysia. You will find that doing business in Malaysia may expose you to opportunities that you don’t currently have access to.

The opportunity for you to start and grow a business in Malaysia has never been as prevalent as it is now. Why are so many entrepreneurs drawn to Malaysia? Take a look a few of the primary reasons.

 

Competitive Advantage in Production

The economy in Malaysia is conducive to creating a thriving and competitive business that is founded in the production and processing of products. A great deal of the success is based on the fact that natural resources are in abundance conjoined with the fact that the country has a state-of-the-art transport and telecommunications infrastructure. The systems is literally designed to build and grow businesses.

 

Low Costs and Overhead

Setting up a business in Malaysia means that you will be able to conduct business is a highly cost effective manner. You will have access to employees with high skill levels while being able to keep you labor cost down.

 

Climate and General Environment

To most, the climate in Malaysia is considered to be highly favorable. The country also has some exceptional educational opportunities. Many entrepreneurs find that it is a good place to relocate their families. There are many competent professional that are well-versed in English, eliminating the language barrier that is prevalent in many other countries.

 

klcc-blue-hour

 

 

 

 

 

Taxation and Financial Incentives

Malaysia is also known for its taxation and financial incentives which are designed to encourage businesses to relocate to the country. These benefits are even more significant in the realm of investing, especially investing in research and development. There are some great opportunities for manufacturers, healthcare centered companies, biotechnology companies and industrial related technology.

The political environment is also highly favorable to domestic and international business development, especially when it comes to dealings with companies from the U.S.

 

Finding the Right Resources

Starting a company in Malaysia has its benefits, but understanding navigating through the process can be challenging. This is why it is extremely important to find the right resources. There are a number of ways that you can get help with company formation in Malaysia. You can do all of the leg work yourself. This can be time consuming, but it is a viable option.

A more common way is find a company that specializes in helping entities form companies in Malaysia. This type of company will be aware of all of the requirements and necessary paperwork that must be completed. Using this type of service will allow you to save time and money in the formation of your company in Malaysia. You will also be able to gain valuable insight into the vast opportunities that are available for your business.

These companies may also be able to help with cross-cultural training for you and your family, minimizing the risk of culture-shock.

Read More