5 great reasons for an overseas entrepreneur to set up a business in Malaysia

Any entrepreneur that has real ambition is continually looking for their next opportunity to make money through many different means. They might spot a gap in the market in the place that they live which can create local jobs and attract visitors, or sometimes purchase a franchise belonging to an established company which can save them some time and trouble.

However, there is a great thrill to be had when hitting on an idea to set up a new business which offers great resources at an excellent price leading to good profit margin, and the chance of adventure in a foreign land such as Malaysia. Especially, if being given a helping hand from expert partners who can assist with finance company registration. Here are 5 great reasons to set up business in Malaysia.

1. Choosing a location which is vibrant and offers a wealth of opportunities invigorates those who love a new challenge, especially when it provides a favourable business environment. In the hands of experts, setting up is extremely quick and straightforward thanks to the simplified regulatory framework that the country has in place. The local authorities welcome outside investment with open arms, which is why they make it easy to obtain licenses and registrations.
2. Malaysia is a great place to do business, with several major cities including the capital Kuala Lumpur, which allows easy expansion. It is the perfect strategic location with access to many of world’s leading powers, providing access to regional free trade agreements as well as a huge workforce waiting to be employed in a nation with excellent healthcare, and education. Those employed might be able to set up SMS policies for a business to remain compliant.
3. Much of the population speaks English, particularly in the cities, which avoids any communication issues and makes running an organisation easier, as well as conducting business with others. Relationships can be built quickly with a clear understanding of what is required, once a business has chosen a bespoke package to suit their registration purposes.
4. With a low cost of living, Malaysia offers additional benefits. Compared to other options, it is affordable to set up and purchase premises to operate from as well as obtaining any resources that are required. Wages will not cause an entrepreneur and their business any financial issues, meaning that it is possible to offer slightly more than elsewhere to secure the best employees. There are also tax benefits to be gained by living and operating in Malaysia.
5. There are fantastic opportunities waiting to be taken in several key industries, such as manufacturing which cheap natural resources being available. Agriculture continues to flourish as produce grows quicker owing to the climate, while tourists continue to flock to Malaysia providing potential to those interested in setting up in hospitality, while the skills of local workers offer much scope.

Malaysia is a fantastic location for any entrepreneur to set up in business with huge opportunities in diverse sectors once the registration process is completed.