According to a Standard Chartered Group study, MALAYSIA is ranked the “second most favorable country” for foreign investment in South-East Asia by European and US companies to establish or expand their sourcing, selling, or operations over the next six to twelve months. Malaysia continues to be the famous investment destination for the manufacturing and global service sectors in Asia. Malaysia remains an attractive investment destination with favorable government business aids & an economical environment including the availability of excellent infrastructure, telecommunication services, financial and banking services, as well market opportunities offered through the 16 Free Trade Agreements (FTA).
“Despite the pandemic and a shifting political landscape, Bank Negara Malaysia (BNM) data showed direct investment of RM689.1 billion in the third quarter of 2020.”
According to MIDA, it has identified 240 high-profile foreign investment projects including Fortune 500 companies in the manufacturing and services sectors, with a combined potential investment value of RM81.9bil. “Presently, Mida has also received RM47.7bil worth of potential investments into the country. These projects, once approved, are expected to be implemented within 2021 to 2022, ”. MIDA has also received RM47.7bil worth of potential investments into the country. These projects are expected to be implemented within 2022.
Despite the pandemic and a shifting political landscape, Bank Negara Malaysia (BNM) data showed direct investment of RM689.1 billion in the third quarter of 2020. After the Covid-19 effect Malaysian government is preparing now for the recovery of the economy, with a range of incentives and long-term recovery initiatives in place to build on effective pandemic relief measures. The Malaysian government has also allocated RM1 billion as a special incentive package for high value-added technology, supporting R&D investment in aerospace and electronics clusters in industrial parks.
Following are the top industries to invest in Malaysia for the year 2021:
2. Car wash & Automobile
3. IT Business
4. Departmental store
5. Construction or real estate business
6.Small restaurant & food supply
10. Online supply & wholesale business
We can also help you to find a business for sale in Malaysia or take over a running business. We have both running business overtake & new business setup services for our investors as per their customized needs, as per budgets & need.
To start a business or buy a business in Malaysia you will need business licenses, especially if you are a foreigner, it’s a must to have a Pvt. Ltd. or SDN BHD company. We are processing company registration, bank account, business licenses, accounts & taxes for you as experienced accountants, tax advisors, SST advisors & business investment advisors.