COMPANY FORMATION IN MALAYSIA

ADVANTAGES OF COMPANY FORMATION IN MALAYSIA

In 2007, Malaysia was the 3rd largest economy in South East Asia and 28th largest economy in the world. Manufacturing has a large influence in the country’s economy. Malaysia is the world’s largest Islamic banking and financial centre and one of the world’s largest exporters of semiconductor components and devices, electrical goods, solar panels, and information and communication technology (ICT) products. Following are the advantages of company formation in Malaysia.

• It has a stable economy, which means lesser risk for overseas entrepreneurs and investors in Malaysia

• It has a highly educated workforce

• The Malaysian government is quite pro-active in its approach towards converting Malaysia to a highly developed economy. They are constantly looking for ways to make the country more attractive for foreign businesses and at the same time trying to convert local businesses into excellent companies. It has a healthy mixture of foreign-owned companies and competitive local companies

• Constantly strive to improve infrastructure with an abundance of natural resources together with an excellent transportation system

• Low-cost business environment, high skill levels and the lifestyle, climate, educational opportunities and availability of a pool of multilingual professionals competent in English and the major Asian languages

• Malaysia has also introduced special taxation and financial incentives to encourage foreign investment and in particular investments into research and development and promoted activities related to industrial technology.