Malaysia
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WHY MALASIA?
Located in Southeast Asia, between Singapore, Thailand and Indonesia, Malaysia also shares maritime borders with the Philippines and Vietnam. It’s known for its beaches, rain forests and mixture of Malay, Chinese, Indian and European cultures. Being a multi-ethnic and multi-religious country in Southeast Asia, Malaysia is one of the wealthiest and most developed countries, outranked in GNP only by Singapore and oil-rich Brunei. Although, manufacturing is the largest single component of Malaysian economy, but tourism and primary commodities, such as; petroleum, palm oil, natural rubber and timber are also major contributors to the Malaysian economy. As per ranking of World Bank, Malaysia is the 6th friendliest country in the world to do business.
ADVANTAGES
Malaysia is regarded as one of the most vibrant countries in Southeast Asia, it offers many advantages as an ideal investment destination. Malaysia is a fantastic country with friendly citizens and a wealth of natural wonders to explore and enjoy. With a competitive economy, a fast growing GDP which improves every year, and the world’s largest export market in semiconductors and other electrical goods, Malaysia has a lot to offer people relocating abroad. From manufacturing and distribution to technical expertise in the service sector, Malaysia offers opportunities to every foreign investor across the world. The followings are some advantages of doing business in Malaysia:
Strategic Location
Located in the center of Asia, Malaysia offers a getaway to regional markets of over 600 million people. Due to its important strategic location and multilingual talent advantage, it has become a suitable destination for companies around the world to invest. Major Asian business centers, such as; Tokyo, Beijing, Hong Kong, Shanghai, and Seoul are easily reachable from the Malaysian capital, Kuala Lumpur, within a couple of hours.
Tax Incentives
To encourage the private sector and foreign investors’ participation, the Malaysian government provides incentives to organizations, which include; grants, funds, tax incentives, and expatriate employment incentives. The followings entities are exempted from corporate tax for five years:
- Emerging industrial status (general manufacturing) with a statutory income of 70%.
- High-tech enterprises with a statutory income of 100%.
- Industrialized building system with the statutory income of 70%-100%.