Thinking of setting a new business or expand an existing business into Malaysia can be challenging for a foreigner. What are the benefits of Incorporating a Malaysia Company?
Here are some highlights on why your next venture should be in Malaysia.
Strategically located in South East Asia
Low start-up costs compared to Singapore
Lower Rental Rates than Singapore
Lower Wages as the average wages are RM1,200 per month which are far less than Singapore
No Double Taxation as Malaysia has 68 double taxation treaties with other countries
No Withholding Taxes on dividends paid outside of Malaysia.
No restrictions on Malaysian corporations upon repatriation of capital, profits, dividends, and royalties
Malaysia has given strong incentives to encourage business formation and capital investment
Eligible For Pioneer Status And Investment Tax Allowance Under The Promotion Of Investment Act 1986 (There list of promoted activities and products for small scale companies)
While it is not impossible to get things done by one’s self, certain critical applications, filings or submissions may be challenging without engaging local service providers, agents or runners familiar with the nuances and idiosyncrasies of the system.
Examples of critical steps that may be challenging to accomplish without the assistance of such services providers include procuring business premise and signboard licenses from municipal councils, work visas and permits from the immigration department, filing of documents with the state land offices for property-related dealings, tax-related registrations and filings etc.
Malaysia’s national language (Bahasa Malaysia) is the default language used at government offices and for official documents, often without English translations being readily available.
Foreigners may also experience difficulty in getting accurate information or updated documents online or through telephone inquiries, and may often find that certain processes are best done over the counter.
Our team at Amazing Unity Sdn Bhd has the expertise in helping you get the necessary licenses for the trade to happen. We are a one-stop center for application, approval, warehousing, transportation, custom matters and shipment of your goods. Call us now at 07-231 7717 and let's work together.
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