MALAYSIA FOR BUSINESS
Malaysia emerged as the world’s best country to invest in or do business for 2019, CEOWORLD magazine revealed. The rankings were based on 11 different factors, including corruption, freedom (personal, trade, and monetary), workforce, investor protection, infrastructure, taxes, quality of life, red tape, and technological readiness. Each category was equally weighted.
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Political Stability
Malaysia has been ranked the most peaceful country in Southeast Asia, 5th safest in Asia Pacific behind New Zealand, Japan, Australia and Singapore and claimed the 16th most peaceful out of 163 countries in the world by the Global Peace Index (GPI) 2019.
Through political stability, Malaysia’s government policies such as liberal equity policy, employment of expatriates and tax incentives provide an investor-friendly business environment.
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Easy Place To Do Business
Located in the heart of Southeast Asia, Kuala Lumpur’s strategic location delivers immense connectivity with emerging markets in Asia, making it the perfect regional location to grow business strategically within the region.
Major business centres in Asia such as Tokyo, Hong Kong, Beijing, Shanghai and Seoul are all reachable from Kuala Lumpur within 4-6 hours whilst the rest of Southeast Asia’s capitals are just a short couple of hours flights away.
Malaysia’s business friendly policies and attractive fiscal packages initiated by the government have made Malaysia as one of the easiest places to commence business globally.
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Starting a business
Malaysia made starting a business easier by introducing an online registration system for the sales and service tax (SST).
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Dealing with construction permits
Malaysia streamlined the process of obtaining a building permit and made it faster to obtain construction permits.
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Registering property
Malaysia made property transfer simpler by implementing an online single window platform to carry out property searches.
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Trading across borders
Malaysia made trading across borders easier by introducing electronic forms and by enhancing its risk-based inspection system.
Malaysia also made importing and exporting easier by improving infrastructure and the port operation system at Port Klang.
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Resolving insolvency
Malaysia made resolving insolvency easier by introducing the reorganization procedure.
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Labor market regulation
Malaysia changed regulations pertaining to unemployment protection.
CORPORATE TAX
The Corporate Tax Rate in Malaysia stands at 24 percent. Corporate Tax Rate in Malaysia averaged 26.30 percent from 1997 until 2019, reaching an all-time high of 30 percent in 1997 and a record low of 24 percent in 2015.
DIVERSE TALENT
Home to three of the major ethnicities in the region – Malays, Chinese and Indians, Malaysia is proud of its diverse and multi-cultural heritage as it opens up doors and opportunities to the biggest markets in Asia namely China, India and Indonesia.
And now, with Malaysia providing quality yet affordable university education, Malaysia is attracting more and more students from the Middle East, China, India, Pakistan, Indonesia and former CIS countries. Malaysia has truly become a melting pot of cultures and talent with access to the whole world!
With an average of 200,000 fresh graduates produced annually, it is estimated that 33% of these young talents would move to Kuala Lumpur upon graduation for better career opportunities.
MALAYSIA FOR LIVING
- A Wonderful Country to Live In!
Malaysia is a country full of contrasts and exciting cultures. From metropolitan cities such as Kuala Lumpur to pristine islands in Sabah, Malaysia has it all and more!
A lush and tropical setting makes Kuala Lumpur an inspiring place to live, work, and play. The scenic surrounds are complemented by an abundance of choice for housing and world-class facilities such as expatriate residential areas, healthcare/medical centres, international schools and world-class shopping.
- Islands and Beaches
Malaysia, Truly Aisa is ranked 9th in the world for tourist arrivals. Some of the best beaches in Asia can be found in Malaysia. The white sandy beaches of Perhentian Islands in Northeast Peninsular Malaysia can easily be reached by plane, car or public transportation from Kuala Lumpur and other major cities. One of the world’s top dive spots with mesmerising oceanic view can be found in Sipadan Island in Sabah. Duty-Free islands such as Pulau Tioman and Langkawi are also popular with tourists and locals alike whereas Penang Island has been listed as a UNESCO World Heritage Site.
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Food
Malaysia is a haven for foodies! You can find an amazing array of cuisines from street food to gourmet restaurants throughout the country. The most prominent cuisines are Chinese, Indian and Malay, each adapted to the local taste buds and recreated into flavours that are truly Malaysian. Restaurants and cafes are also open until late and you will never run short of options here.
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Healthcare and Medical Tourism
Malaysia generally has an efficient and widespread system of health care, operating a two-tier health care system consisting of both a government base universal healthcare system and a co-existing private healthcare system.
Malaysia has won the number one spot in the International Medical Travel Journal’s award for “Health and Medical Tourism Destination of the year” in 2015 and 2016. Malaysia ranks among the best providers of healthcare in all of South-East Asia. Health travelers who visit Malaysia save 65% to 80% on healthcare cost compared to the cost in the US.
Malaysia offers excellent patient comfort with five-star rooms that look more like hotel suites than hospital rooms.
At both Penang International Airport and Kuala Lumpur International Airport, medical tourists will be greeted at the Malaysia Healthcare Travel Council (MHTC) lounge with concierge services to ensure the utmost comfort upon arrival.
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Education
Malaysia offers international students many options of quality education programmes at an affordable cost. In addition, Malaysia is becoming a preferred country for foreign investment in the higher education sector.
Since the mid-1990s, international students have been coming to Malaysia to pursue their tertiary education at Malaysia’s higher educational institutions. Today, Malaysia is ranked the 11th most popular destination in the world for international education at tertiary level.
For more information on top International Schools and the best Private Colleges and Universities in Malaysia, click here. (link back to the section under top International Schools and the best Private Colleges and Universities in Malaysia) or fill in the contact form.
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Transportation Infrastructure
Malaysia offers a vast array of public transportation from trains, buses, taxis and e-hailing services. Major highways and toll ways also connect towns and cities all across Malaysia.
Malaysia has 39 airports across Malaysia with five international airports, 16 domestic and 18 STOLports.
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Telecommunications Infrastructure
Malaysia is equipped with advanced telecommunications infrastructure including mobile, Wi-Fi, and high-speed broadband services in which Malaysia recorded an average connection speed of 8.9 megabits per second (Akamai Report 2017).
