Malaysia Company Registration

Since opening up in 1986, Malaysia has focused on improving its infrastructure to attract foreign investment, successfully drawing substantial investment into its manufacturing sector.

Historically dependent on commodities like rubber and tin, Malaysia has transitioned toward manufacturing and technology industries. More recently, it has begun placing greater emphasis on the growth of its service sector.

Among foreign investors, Japan holds the top position in Malaysia, followed by the United States and Singapore, with Taiwanese investors ranking fourth in terms of investment volume.

I. Introduction to business in Malaysia

In addition to rubber, Malaysia's key export products include electronic goods, wood-based products, palm oil and its derivatives, petroleum, and natural gas. Its main imports consist of electronic components, machinery, petroleum products, plastics, automobiles, iron and steel, as well as chemical products.

Malaysia's major trading partners include China, Hong Kong, Japan, South Korea, Singapore, Taiwan, Thailand, and the United States.

For foreign investors looking to establish a business in Malaysia, several local government agencies are responsible for facilitating and managing foreign investment.

• Malaysian Industrial Development Authority, MIDA:
  The Malaysian Industrial Development Authority (MIDA) is responsible for promoting industrial development in Malaysia. It handles the issuance of manufacturing licenses and administers various incentives, including tax exemptions and preferential tariffs on raw materials, components, machinery, and equipment.
• Foreign Investment Committee, FIC:
  The Foreign Investment Committee (FIC), established in 1974, oversees and regulates foreign ownership of assets, equity participation, as well as mergers and acquisitions in Malaysia.

II. What are the advantages of registering a company in Malaysia?

1. Low Tax Rates
   Malaysia offers relatively low corporate tax rates, helping businesses reduce their overall tax burden.
   
   
2. Educated and Cost-Effective Workforce
   The labor force in Malaysia is largely well-educated and comparatively low in cost, enabling companies to manage labor expenses efficiently.
   
   
3. Language Proficiency
   While Malay is the official language, English is widely spoken in business and government, providing ease of communication for international investors.
   
   
4. Strategic Location
   Malaysia is strategically located in the heart of the ASEAN region in the Asia-Pacific, with access to four major seaports, making it an ideal hub for regional trade and logistics.
   
   
5. Extensive Free Trade Agreements
   Malaysia has signed multiple free trade agreements, offering companies greater access to international markets, reduced tariffs, and enhanced trade facilitation.

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