Malaysia
Capital: Kuala Lumpur HDI: 0.773 (62nd)
Language: Bahasa Malaysia
GDP (PPP): $326.9 billion
Currency: Ringgit
Population: ~ 30.5 million
Malaysia is one of the newly industrialized economies of Southeast Asia, and is well on its way to becoming a high-income economy within the next decade. The government has been actively pursuing economic empowerment programs that will advance the economic condition of its citizens and increase its human development. While the Malaysian economy has long benefited from a robust industrial sector and exports, the government has been trying to expand its service sector to diversify the economy. Malaysia has long been an attractive country to foreign investors, ranking 6th in terms of ease of doing business and being ranked first in ease of credit is easy access
RESEARCH
Economic Overview
-
Malaysia Overview – World Bank
http://www.worldbank.org/en/country/malaysia/overview
Malaysia is a highly open upper-middle income economy. Malaysia was one of 13 countries identified by the Commission on Growth and Development in its2008 Growth Report to have recorded average growth of more than 7 percent per year for 25 years or more.
-
Malaysia: Economy | Asian Development Bank
http://www.adb.org/countries/malaysia/economy
This site describes Malaysia’s economic performance for the previous year and presents growth forecasts.
Industry Trends & Business Climate
-
Malaysia – McKeever Institute of Economic Policy Analysis
http://www.mkeever.com/malaysia.html
This site provides a ranking of key economic indicators
-
Why Malaysia? : Advantages of Malaysia
http://www.iskandarmalaysia.com.my/why-malaysia-advantages-of-malaysia
Renowned as a stable, well-established financial hub with one of the strongest economies in Asia, Malaysia has much to offer to investors.
Establishing a Presence
-
Business Registration Requirements – How To Register A Company in Malaysia?
http://www.nbc.com.my/facts-for-registering-a-company-in-malaysia.html
When you have decided to register a company in Malaysia, you will need to engage the service of a company secretary to help you to complete the company registration process. Every company (sdn bhd) must have at least one company secretary in the Board and the company secretary must be a member of a professional body or licensed by SSM Malaysia.
-
Business Registration Requirements – Registration | Suruhanjaya Syarikat Malaysia
http://www.ssm.com.my/en/services_registration
Guidelines for Registration of a Business
-
Business Types – Types of Business Entities in Malaysia
http://www.risscorporateservices.com/types-of-business-entities.html
A sole proprietorship is the simplest and cheapest to set-up. Unlike private limited companies, a sole proprietorship is only required to pay an annual fee to the Companies Commission of Malaysia to keep its business renewed from year to year. There is no audit and annual filing requirement. However, the danger of this set-up is that it has unlimited liability. That is to say that if the sole proprietorship cannot meet its liabilities, the creditors may go after the owner’s personal assets. There is no protection to the owner’s personal assets. There is no separation between the owner and its personal assets. Here are some basic facts and useful information for setting up and forming a limited company (Sdn Bhd) in Malaysia.
-
Business Types – Type of Business Entities in Malaysia
http://www.klmanagement.com.my/blog/type-of-business-entities-in-malaysia/
There are three (3) different types of business entities to choose from:
Taxes
-
Corporate – Malaysia Corporate Tax Rate
http://www.tradingeconomics.com/malaysia/corporate-tax-rate
The Corporate Tax Rate in Malaysia stands at 25 percent. Corporate Tax Rate in Malaysia averaged 26.84 percent from 1997 until 2015, reaching an all time high of 30 percent in 1997 and a record low of 25 percent in 2009. Corporate Tax Rate in Malaysia is reported by the Inland Revenue Board of Malays
-
Corporate – Malaysia – Taxes on corporate income
http://taxsummaries.pwc.com/uk/taxsummaries/wwts.nsf/ID/Malaysia-Corporate-Taxes-on-corporate-income
For both resident and non-resident companies, corporate income tax (CIT) is imposed on income accruing in or derived from Malaysia.
-
Personal – Malaysia Personal Income Tax Rate
http://www.tradingeconomics.com/malaysia/personal-income-tax-rate
The Personal Income Tax Rate in Malaysia stands at 26 percent. Personal Income Tax Rate in Malaysia averaged 27 percent from 2004 until 2014, reaching an all time high of 28 percent in 2005 and a record low of 26 percent in 2010. Personal Income Tax Rate in Malaysia is reported by the Inland Revenue Board of Malaysia.
-
Personal – Malaysia – Income Tax | ExpatFocus.com
http://www.expatfocus.com/expatriate-malaysia-taxation
In Malaysia, regardless of citizenship, if an individual satisfies any of the four criteria described on this site then he / she is considered to be liable for income tax
-
VAT/Sales Tax – Sales Tax Rate
http://www.tradingeconomics.com/malaysia/sales-tax-rate
The Sales Tax Rate in Malaysia stands at 6 percent. Sales Tax Rate in Malaysia averaged 8 percent from 2006 until 2015, reaching an all time high of 10 percent in 2007 and a record low of 6 percent in 2011. Sales Tax Rate in Malaysia is reported by the Inland Revenue Board of Malaysia.
Visas
-
Malaysia – US Department of State
http://travel.state.gov/content/passports/english/country/malaysia.html
To enter Malaysia, your passport must be valid for at least six months. You do not need a visa to enter Malaysia if you are coming for business or tourism for stays of 90 days or less. You also do not need a visa if traveling on an official or diplomatic passport.
-
Work Permits – Malaysia – US Department of State
http://travel.state.gov/content/passports/english/country/malaysia.html
To enter Malaysia, your passport must be valid for at least six months. You do not need a visa to enter Malaysia if you are coming for business or tourism for stays of 90 days or less. You also do not need a visa if traveling on an official or diplomatic passport.
Infrastructure
-
Public Transport in Malaysia
http://malaysia.angloinfo.com/transport/public-transport/
Malaysia has well developed transport networks and efficient rail links. Its international ports and airports are well connected to bus and train services, making travel to, from and around the country easy and efficient.
-
Best Malaysia Transportation on VirtualTourist
http://www.virtualtourist.com/travel/Asia/Malaysia/Transportation-Malaysia-TG-C-1.html
A complete guide to public transportation
-
Telecom/IT – Telecom Infrastructure
http://www1.american.edu/initeb/ym6974a/telecom.htm
Malaysia’s telecommunications network is more advanced than any other in South-east Asia with the exception of Singapore.
-
Telecom/IT – Malaysia – Major Telecommunications Operator
http://www.budde.com.au/Research/Malaysia-Major-Telecommunications-Operators.html
The changing landscape of the Malaysian telecom market has over time witnessed the restructuring of all the main players.
Employer Obligations
-
Social Insurance – Malaysia – Social Security and Welfare
http://www.expatfocus.com/expatriate-malaysia-social-security
To be entitled to unemployment compensation, an expat has to be a Mykad holder. In Malaysia, the department of employment makes it the responsibility of the employer to ensure their employees are signed up to the system
-
Labor Rules and Regulations – ICLG – Employment & Labour Law 2015
http://www.iclg.co.uk/practice-areas/employment-and-labour-law/employment-and-labour-law-2015/malaysia
A Q&A guide to employment and employee benefits law in Malaysia.
-
Labor Rules and Regulations – Malaysian Labour Law & Regulation of Employment
http://www.abner.com.my/Laws.htm
Regulation of Employment is part of the Malaysia Labour Law which also consists of Salary Act and Statutory Holiday.
-
Social Insurance – GUIDE TO WORKMEN’S COMPENSATION
https://ernitaniusbiz.files.wordpress.com/2012/08/guide_to_workmen_compensation__malaysia_.pdf
The Work Injury Compensation Act (WICA) lets employees make claims for work-related injuries or diseases, without having to take legal action
Culture/Living
-
Cost of Living in Malaysia
http://www.numbeo.com/cost-of-living/country_result.jsp?country=Malaysia
Cost of living information includes price indices for rent, food, utilities, transportation, restaurants, clothing and more
-
Cost of living in Malaysia | Expat Arrivals
http://www.expatarrivals.com/malaysia/cost-of-living-in-malaysia
The cost of living in Malaysia is relatively low compared to neighbouring countries such as Singapore. The main discrepancy in prices is evident when buying cigarettes, alcohol or luxury items, as Malaysia places a higher sales tax on these items.
-
Business Etiquette – Malaysia Guide: Business etiquette
https://www.justlanded.com/english/Malaysia/Malaysia-Guide/Business/Business-etiquette
The dos and don’ts of business etiquette in Malaysia
-
Business Etiquette – Malaysia Business Etiquette » – Clouded
http://cloudedblog.com/malaysia-business-etiquette/
The ethnic groups in Malaysia have retained their way of life, customs and religions that it is important to consider the ethnicity of your business associates when dealing with them.
-
Climate of the World: Malaysia
http://www.weatheronline.co.uk/reports/climate/Malaysia.htm
The main variable of Malaysia’s climate is not temperature or air pressure, but rainfall. In general, the climate of Malaysia can be described as typical tropical climate, with the coastal plains averaging 28°C, the inland and mountain areas averaging 26°C, and the higher mountain regions, 23°C. The area’s relative humidity is quite high, and ranges between 70 and 90 percent.
-
Holidays and observances in Malaysia
http://www.timeanddate.com/holidays/malaysia/
A listing of bank, federal and common local holidays
-
Holidays Malaysia
http://publicholidays.com.my/
Your accurate source of Malaysia’s 2015 and 2016 public holidays viewable as a full national list, by state, and by individual holiday
-
Demographics – Malaysia Demographics Profile
http://www.indexmundi.com/malaysia/demographics_profile.html
Demographic information includes population, quality of life, health, sports, technology, energy and the environment
-
Demographics of a diverse Malaysia
http://penangmonthly.com/demographics-of-a-diverse-malaysia/
This site provides some figures on Malaysia’s demographic makeup.
-
Climate – Malaysia Weather, Climate and Geography
http://www.worldtravelguide.net/malaysia/weather-climate-geography
Malaysia weather benefits from a tropical climate with high temperatures and high humidty throughout the year. Daytime temperatures rise above 30°C (86°F) year-round and night-time temperatures rarely drop below 20°C (68°F).
-
Safety – Malaysia – US Department of State
http://travel.state.gov/content/passports/english/country/malaysia.html
US Department of State – Go to Safety and Security for updates from the Swedish government
-
Safety – Malaysia | Safe Travel
https://www.safetravel.govt.nz/malaysia
There is a high risk to your security in coastal areas of eastern Sabah (from Kudat to Tawau, including Sandakan, Lahad Datu, Kunak and Semporna, including the offshore islands and dive sites) due to the risk of kidnapping and we advise against all tourist and other non-essential travel to these areas.
-
Education and Schools in Malaysia
http://www.expatarrivals.com/malaysia/education-and-schools-in-malaysia
Education in Malaysia is of a high standard and expat parents should not struggle to find a school for their child. Admission into schools may vary depending on the type of school. Generally, schools in Malaysia can be classified into three categories: public schools, private schools and international schools.
-
Education – Malaysia Guide: Introduction, The Malaysian education system
https://www.justlanded.com/english/Malaysia/Malaysia-Guide/Education/Introduction
Malaysia is one of Asia’s top education destinations. The Malaysian government provides free education on primary and secondary level
Trade
-
Free Trade Agreement | MATRADE
http://www.matrade.gov.my/en/malaysian-exporters/going-global/understanding-free-trade-agreements
Malaysia ‘s trade policy is to pursue efforts towards creating a more liberalized and fair international trade environment
-
Malaysian Customs
https://malaysia.visahq.com/customs/
Import and export regulations from Malaysian customs
-
Export.gov – Malaysia
http://www.export.gov/malaysia/doingbusinessinmalaysia/eg_my_072633.asp
Malaysia Trade Barriers, Regulations, and Standards
-
MITI FTA
http://fta.miti.gov.my/
International trade is an important contributor to Malaysia ‘s economic growth and development. Malaysia ‘s trade policy is to pursue efforts towards creating a more liberalizing and fair global trading environment. While Malaysia continues to accord high priority to the rule-based multilateral trading system under the World Trade Organisation (WTO), Malaysia is also pursuing regional and bilateral trading arrangements to complement the multilateral approach to trade liberalisation.
Housing and Rentals
-
Accommodation in Malaysia
http://www.expatarrivals.com/malaysia/accommodation-in-malaysia
All types of accommodation are present in Malaysia, from large, stand-alone houses (bungalows), to semi-detached and terraced houses, to apartments and condominiums.
-
Malaysia Hotels, Hostels & Accommodation
http://www.lonelyplanet.com/malaysia/hotels
Malaysia’s accommodation possibilities range from rock-bottom flophouses to luxurious five-star resorts.
Travel
-
Malaysia – Lonely Planet
http://www.lonelyplanet.com/malaysia
Malaysia is like two countries in one, cleaved in half by the South China Sea. The multicultural peninsula flaunts Malay, Chinese and Indian influences
-
Malaysia Travel Guide and Travel Information
http://www.worldtravelguide.net/malaysia
Expert Malaysia travel guide including detailed information about everything you need to know about Malaysia.
JOBS
NETWORKING
Malaysia Forums
This forum is empty.
-
- Forum
- Topics
- Freshness
-
- Advice and Tips
- 0
- No Topics
- Business Guidance
- 0
- No Topics
- Expat Connect
- 0
- No Topics
- Networking
- 0
- No Topics
- Travel, Lodging, Dining and More
- 0
- No Topics
Oh bother! No topics were found here!
You must be logged in to create new topics.