DOING BUSINESS IN MALAYSIA
Malaysia: A Brief Outline
Malaysia is a country in Southeast Asia, separated by the South China Sea into two regions, the northernmost of which is connected to Singapore by a causeway and a bridge. Malaysia shares its borders with Thailand, Indonesia, Singapore and Brunei. It is one of the fastest growing countries in Asia and also provides a gateway to the rest of the ASEAN region.
The national language in Malaysia is Malay, but English is an active second language in the country and Chinese is also spoken.
Commonwealth citizens and most European nationals do not need visas for visits of less than three months. Visitors are usually issued an extendable 30- or 60-day visa on arrival.
|
|
Major Investment Opportunities
- Petroleum and liquefied natural gas;
- Wood and wood products;
- Palm oil;
- Rubber;
- Textiles;
- Electronic equipment;
- Foodstuff;
- Plastics;
- Vehicles;
- Tourism; Business Services.
|
|
Five Tips For a Successful Venture in Malaysia
- Get to know your counterpart before negotiations start: this is considered a key component of pre-deal actions;
- Have realistic expectations of the local business market;
- Engage the services of a local consultant when it comes to matters like tax and legal advices;
- Refrain from showing negative emotions during a negotiation. Compromise is an important part of negotiations in Malaysia;
- It is advised to undertake a proper market research and do your business planning with the help of local consultants.
|
|
Legislation Relevant to Investors
Malaysia offers one of the most attractive incentives packages in the ASEAN region.
Tax incentives and other facilities are listed below:
- Promotion of Investment Act 1986;
- Income Tax Act 1967;
- Custom Act 1967;
- Sales Tax Act 1972;
- and Excise Act 1976;
The Companies Act 1965 provides that a Malaysian company shall have at least two directors, each having his principal or only place of residence within Malaysia.
|
|
Services | About Us | Major Investment Opportunities |
|
|
|
|
|
|
