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According to the 2022 Milken Institute Global Opportunity Index, Malaysia ranks No. 1 in emerging Southeast Asia as the country with the most potential to attract foreign investors. From manufacturing and distribution to technical expertise in the service sector, doing business in Malaysia offers opportunities to everyone. Investors will find business heaven of investment opportunities upon their arrival. The World Bank has ranked Malaysia as the 6th friendliest country in the world to do business in, beating developed countries such as the United Kingdom, Australia, and South Korea.
Here are the reasons why any investor and businessman can invest in Malaysia for a better business experience and profit;
1. Strategic Location
Malaysia is in the heart of ASEAN and has vast market access of over 600 million people. The country has a GDP of more than US dollar 1.5 trillion. Major international business centers in Asia such as Tokyo, Beijing, Hong Kong, Shanghai, and Seoul are very easily reachable from Kuala Lumpur.
2. Easy Business
Starting a company in Malaysia is easier than in other many countries in the world, with only 3 working days and an affordable fee to incorporate a company, it's very easy and systematic to set up a company and business, specially with the assistance of business setup consultancy firms like us; Lim & Ani Associates.
3. Political Stability
Malaysia continues to enjoy a politically stable environment even after 64 years of independence, led by a democratic government. Malaysia is a country of states, federal policies, patriotic Malaysian nature kept the benefits of the country's economy above all political differences. All the Governments are very friendly with foreign investors and businessmen.
Malaysian authority offers incentives to the industries to set up their business to encourage foreign investors to participate in the Malaysian economy. Tax incentives and expatriate employment incentives are noticeable among them.
Infrastructure in Malaysia is excellent and constantly improving. It is one of the most well-developed countries in Asia, making it a great choice for both secure living and for business or investment. World-class airport and the world’s 12th busiest seaport provide great connectivity with the world.
Industries in Malaysia are predominantly located in over 500 industrial parks or estates and 18 Free Industrial Zones.
In terms of employment by skill level, Malaysia's share of skilled employment is at 28.2%. At the same time, the share of semi-skill workers is at 59.9% and the share of low-skilled employment is at 11.9%. Free education policies have contributed greatly toward the development of a productive workforce in the country. International investors and businessmen don't have to worry about setting up a business in Malaysia because most of the population is trained in various ways and very fluent in English to access the easy workforce.
According to a Standard Chartered Group study, MALAYSIA is ranked the “second most favorable country” for foreign investment in Asia by European and US companies. Malaysia ranked as the number 1 country in the world for easy business process and friendliest in doing investment by the CEOWorld report 2019 & 2020. Strategic location, stability, affordable living with full of business investment opportunities in Malaysia increased the demand for setting up companies on Malaysian soil.
8. Living facilities
Not only a vast market and an easy company or business setup, but the country also has a multi-culture environment, which makes Malaysia a compelling destination to live in. The low crime rate, anti-corruption law, and stands made Malaysia a more attractive living place for all peace-loving people around the globe. Well-developed medical network, low-cost living, easy to access transport, world-class education system made Malaysia one of the best living and migrating destinations for investors and businessmen. Malaysia is also providing a business visa facility for investors to live here with family and do a fruitful business in peace.
9. Big e-commerce market
Malaysia's E-commerce industry is expected to grow at an annual growth rate of 11.4 percent (CAGR 2019 -2019) and the total revenue for the entire industry is $1.31 billion. The growth is expected to grow to $2.53 billion by 2022. One of the biggest online markets with active buyers who are purchasing daily. From home decor to food, electronics to kitchen items all are purchasable in Malaysia's online market with easy online payment terms.
Malaysia has a very strong banking system with lots of banks and strong business banking facilities, low rate of interest, and SME business loans making Malaysia's banking sector more business-friendly.
In short, with the best business policies, updated business law, and vast business market access, it's the best time for investors to invest in Malaysia and grow with profit and business security even in this COVID-19 economy. It's a very attractive and fruitful destination for secure business investment, future growth, and family living.
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Why Lim & Ani Associates Sdn Bhd
We are providing one of the best business & company setup consultancy services in Malaysia, with experienced & licensed company secretaries, professional accountants, auditors, tax & SST experts, business advisors - a one-stop business solution in Malaysia.
As one of the best leading corporate advisors, we are offering services below as per business act 2016 & Malaysian Government policy;
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