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In the year 2023 starting a business in Malaysia is one of the best decisions you could make, The country has seen tremendous growth in recent years, and has made its name as one of the best places to invest for business and register a company.
Malaysia has been awarded as the best investment country in the world for 2019 & 2020 by the CEOworld report and got Standard Chartered Group research recognition as one of the best business-friendly countries in Asia and the world. Today we will check the best profitable businesses in Malaysia 2023. The country is open for small, middle & big ventures with good returns.
The steady and business-friendly economy of Malaysia has attracted many foreign and local investors. Many people who want to start a business in Malaysia are confused about – what type of business they should start in this post covid marker. To help you to decide, this business blog is going to describe some of the top best profitable business ideas in Malaysia for the year 2023, we can also help you to find a business for sale in Malaysia or take over a running business.
1. General trading
Most of the FDI is coming in the Export & Import section. From garments to vegetables everything is being exported & imported from all around the world. For medical supplies & food supplies, trading is a very profitable option. With a good office setup, enough capital, storage & licenses you can also start this business for a better investment in Malaysia. We can help you with setup, papers, licenses, ERC & IRC, customs & other all. We also encourage new entrepreneurs to come into this business for a better ROI.
2. IT Business
For the last few years, Malaysia Govt. giving a very good chance for IT Engineers, as Prime Minister Tun Dr. Mahathir bin Mohamad started MDEC in 1996 & Cyberjaya facility boosted it most. We are also encouraging investment in Hardware, Software & CRM sectors. We are providing an A to Z facility for our clients to start IT businesses including Taxation & other facilities.
3. Online shop
In addition, an online shop is also a very good business idea, You can easily sell items on online platforms like Shopee, Lazada, and many more in Malaysia. This opens up a million ringgit business market for you without any shop setup and at a low expense.
4. Car wash & Automobile
Malaysia’s automotive industry is very successful. In addition, the country is the 22nd largest automotive manufacturer in the world. In Malaysia, most people use their private car that's why car washes & auto service workshops have a good profit scope. Vehicle registrations in Malaysia reach 31.2 million units as of 2019.
You can get branded car wash franchise as we provide advisory for franchises & to do smart profitable investments with our proven successful client histories.
5. Super shops/Mini Mart/Departmental store
Departmental stores or Kedai Runchit, Pasar Mini, etc are very popular & stable investments in Malaysia among foreign investors. Can start with a Minimum investment of RM 100,000 and with small sizes.
For better profit also can do the following Franchise Departmental Store models, such as 7 Eleven, MY 168 MART, etc. But according to DBKL rules 2020, a local director in the company is a must to open a store in Malaysia & get business licenses.
We also have a running business for sale in Malaysia to buy & invest in legal papers & security.
6. Small restaurant or cafe & food supply
In this present economic situation, we will strongly suggest a small size multi cousin restaurant or an online food supply business. We know that Malaysia is a tourist country. The restaurant is one of the best businesses in Malaysia if you can start smartly with money. A local Malaysian director is a must for restaurant business licenses.
Malaysia is a tourism-dominated economical country, this leaves tremendous benefits to make investors in the nation’s tourism division. A good budget can open a tourism business, can build, air-ticketing, medical tourism, hotel, guest house, homestay, inbound tour guide centers with car rentals, etc.
8. Construction or real estate business
As a populated country, the real estate business is a very profitable business to invest in. In Malaysia, there is a lot of land to develop & lots of clients to pay for construction projects. In Malaysia, the construction or real estate business generated RM 16,656 Million of the GDP in the first quarter of 2019. As we have well experience in the Malaysian real estate business sector, we are successfully processing construction company setups for our clients including CIDB license process guidelines.
The people of Malaysia are very fashionable. A retail fashion clothing store in a commercial location can bring good profits. Especially if you have a production line or garments factory you can make more profit. Setting up a clothing brand in Malaysia is quite easy, we are helping with the full business setup process.
10. Cleaning business
Because of the present world health situation & health safety, cleaning & disinfection services are very profitable & on-demand. We can assist you to start your own cleaning company where you can do a cleaner supply business also.
11. Online supply & wholesale business
Online business is a new normal, trading & shopping are mostly being done in online markets, apps & websites. The supply chain also got online, we are also helping clients & investors to cope with the new normal. Which is less hectic, budget-friendly & easy to operate. Our experienced advisors are always here to guide & transform.
12. Oil & Gas business
Oil and gas are the promising industry of the country. Malaysia is an exporter of petroleum products and natural gas. So it's easy to start a business in this industry. There are several business opportunities for small and medium businesses.
13. Mobile & Accessories
The Mobile & accessories business has high potential in Malaysia. Usually, Malaysians are more into new models & trending accessories. The mobile phone accessory industry is growing fast in these parts.
14. Car rental business
The car rental business is very popular in Malaysia. Starting a car rental business here can be a profitable investment. We are providing car purchase & full business setup facility.
15. Airbnb and guest house business
Malaysia is a tourist county & tourists nowadays are more and more preferring Airbnb for short & long stay accommodation. If you have a property rental or leased property near a tourist destination, can rent it on Airbnb for an easy & profitable business.
Few more small business ideas in Malaysia
Few businesses that foreigners are not allowed to do
To start a business or buy a business in Malaysia you will need business licenses, specially if you are a foreigner, it's a must to have a Pvt. Ltd. or SDN BHD company. We are processing company registration consultancy, bank account, business licenses advisory, accounts & taxes for you by our experienced partner & associate accountants, tax advisors, SST advisors & business investment advisors.
Our company registration consultancy package includes:
Contact & Email us for services price quotation with discount facility for covid-19 situation!
WHY MALAYSIA IS SECURE BUSINESS HEAVEN NOW
Malaysia is one of the strong economic power in Asia & the world and even survived very well in the global resection of 2009. With a multinational population, there is always market demand, most importantly Malaysia is among those countries that have a very powerful online market with an active customer base & because of government aid, banking aid investing is more secure in Malaysia.
This is why, investors from all over the world come to Malaysia with family & kids because of security, respect & loving nature which are the best gift of daily Malaysian life, and is hard to find in many other countries in the world. Invest in Malaysia this 2022, as foreign direct investment for a better future & family.
We are offering many business varieties in various investment budgets for foreign investors to make a profitable business investment as per their budget, so everyone gets a fair chance to make genuine investments & business survival in Malaysia, to grow together with Malaysia.
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