10 Reasons to do Business in Malaysia

10 Reasons to do Business in Malaysia

  • The government's pro-business policies with various business and investment incentives to promote business.
  • Strong domestic demand. High population growth rate (2.3%) increased the population demand on various consumer products.
  • Under the government's Economic Transformation Plan (ETP),wholesale and retail are areas earmarked in the National Key Economic Areas (NKEAs) and the authorities are actively promoting these areas.
  • Malaysian Chinese is one of the country's major ethnic group and main economic drivers of the economy. Common language and culture helps businesses ease into the business environment. Malaysians can talk in several languages including English, Mandarin, Malay and others.。
  • Klang and Yiwu are now friendship cities, Malaysia's Chinese businessmen can tap into Yiwu advantage to penetrate the international market; while China's corporations can use Klang as the base to move into Middle East, India and ASEAN markets.
  • Malaysia is the former chairman of the Organisation of Islamic Cooperation and its Halal certification is widely touted as the gold standard in the international Halal market thus opening up potential paths for businesses intending to tap into the markets.
  • Malaysia has entered into free trade agreements with ASEAN, China, Japan, South Korea, India, Pakistan, New Zealand, and Chile. Its major trading partners include China, Japan, the USA, Singapore, Thailand, Middle East, etc.
  • Diverse business landscape; high quality products and services; good manufacturing practises; the development of good trade support facilities, infrastructure, and transport system; have made Malaysia a reliable supplier.
  • Professional business culture, strict fair trade regulation. Malaysia's law very well protect the interests of the people and businessmen.
  • A dynamic developing nation with strong political stability, social peace, and racial harmony, making the country an ideal location for business investment and residency.