Expanding into Malaysia

Why is Malaysia one of the top choices for expansion into Southeast Asia?

Lower Overhead Costs


With Malaysian Ringgit depreciating significantly against Singapore dollar, businesses expanding into the Malaysian market can look forward to lower overheads.




Strategic Location


Located between China & India, Malaysia is poised to be a strategic location for the setting up of global hubs as well as distribution channels.




Ease of Doing Business


A wide pool of talent, developed infrastructure and attractive government incentives are some of the key factors that attract foreign investors into the Malaysian market.




Emerging Market


Malaysia's well-diversified economy has weathered through many external uncertainties over the years. With its strong domestic demand for goods and services, stable labour market and healthy global ties, Malaysia is poised for further economic growth in the future.





Let us lay the groundwork for you

Learn more on expanding your business into Malaysia through our downloadable guide.


The topics covered are:

  • Key facts on Malaysia

  • Opportunities in key cities

  • Business entities and mode of entries

  • Business & personal taxation

  • Business formation and the regulatory environment

  • Economic regions in Malaysia

  • Business opportunities in Malaysia by sectors

  • Challenges faced in Malaysia

Fact Sheet:

Population size: 32.385 Million (2018)

Geographical Size: 328,657km sq

GDP per annum: USD 314.5 billion (2017)

GDP growth per annum: 5.9% (2017)

Exchange rate: 1 SGD = 3.02 MYR (2019)

Sectors with the highest GDP(2018):

Services(56%), Manufacturing(23%) & Agriculture(8.2%)

Singapore exports to Malaysia: USD 39.58 billion (2017)

Singapore imports from Malaysia: USD 38.86 billion (2017)

Over the last 60 years, Malaysia has developed from an agricultural and commodity exporter to being an attractive gateway to Southeast Asia. 

Malaysia is one of ASEAN region's largest economy, with a GDP of USD314.5 billion (2017). Being an emerging market with a high potential for economic growth and a wide range of user segments to tap into, Malaysia remains as one of the key markets for business expansion. 

 

Businesses looking to venture into the Malaysian market can look forward to a wide variety of incentives covering many industry sectors in Malaysia. On top of that, the government's commitment to fiscal reforms has resulted in recent policy changes taking effect. This includes the re-introduction of the Sales & Services Tax to reduce overall taxes and the rolling out of the National Anti-Corruption Plan (NACP). 

For a comprehensive guide on Malaysia's economic outlook, download our complimentary Market Expansion into Malaysia Guide.

 

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