Many of the companies in Singapore are looking to set up operations in Malaysia. Companies from other parts of the world also want a branch or a subsidiary to be set up in Malaysia. They understand that the country offers them huge opportunities. With an economy that is stable and growing, Malaysia offers a big market for any company that is willing to exploit it. The local people have the purchasing power. There is other nearby nations which depend on Malaysia to get their goods. The country has a free-trade agreement with the ASEAN nations. So, you have a captive market there. So far you can see that setting up a business in Malaysia is beneficial as far as marketing your products are concerned.
There are a lot of other benefits when you start a company in Malaysia. It is much more economical to set up a company in Malaysia than in neighbouring Singapore. The cost of initial set up for rent etc is much lesser. You also get quality manpower at a lesser salary. Apart from these, the government offers a lot of benefits for companies who set up their operations in the designated industrial zones. There are tax break and tax rebates available for new companies. With so many benefits in favour of starting a company in Malaysia, this is the time for corporates to make use of the advantages and set up an operation here. What is probably the only drawback is the process to register business Malaysia has. There are various licenses that need to be obtained for running your business. The registration process itself is very easy provided you know the formalities. There is also the requirement of two resident directors who have their permanent residence in Malaysia. If these are things that are pulling you away from staring business in Malaysia, then you don’t have to worry about it at all. 3 E Accounting is here in Malaysia to help you in starting your business with complete compliance with the local rules. We will complete the register of business Malaysia in a short period and ensure that everything is in order. We can also provide you with the two resident directors.
0 Comments
Leave a Reply. |
|