AGN Live Country Guides

Doing Business in Malaysia

Published in April 2019

The territories on the Peninsular of Malaysia were first unified as the Malayan Union in 1946. Malaysia achieved independence in 1957. Malaya united with North Borneo, Sarawak, and Singapore on 16 September 1963 to become Malaysia.

Malaysia has a total landmass of 330,803 square kilometres separated by the South China Sea into two similarly sized regions, Peninsular Malaysia and East Malaysia. Peninsular Malaysia shares a land and maritime border with Thailand and maritime borders with Singapore, Vietnam, and Indonesia. East Malaysia shares land and maritime borders with Brunei and Indonesia and a maritime border with the Philippines and Vietnam.

The capital city of Malaysia is Kuala Lumpur, while Putrajaya is the seat of the federal government. With a population of over 30 million, Malaysia is the 44th most populous country.

The government system is closely modeled on the UK Westminster parliamentary system and the legal system is based on common law. The head of state is the king, known as the Yang di-Pertuan Agong. The countries official language is Bahasa Malaysia or commonly known as Malay language. English remains as an active second language.

Malaysia has GDP growth of an average of 6.5% per annum for almost 50 years. The economy has traditionally been fuelled by its natural resources, but is expanding in the sectors of science, tourism, commerce and medical tourism.

Mayalsia’s citizens are entitled to free public education up to secondary education level and public tertiary education fees are subsidised as much as 90%. Malaysia’s market economy, ranked 4th largest in Southeast Asia and 38th largest in the world.

Malaysia is the 18th largest export economy in the world and the 22nd most complex economy according to the Economic Complexity Index. In 2015, Malaysia exported $254B and imported $175B, resulting in a positive trade balance of $78.8B.

In order to avoid the 'redundancy' risk of the use of static data about various countries, this portal incorporates various live data feeds from:

•    The World Bank
•    The observatory of Economic Complexity

The intention is to provide access to live information extracted from the regularly refreshed databases maintained by these organisations.



 

Use the navigations buttons below to access to more live data:
Inflation, Development indicators, Exports, Trade Balance, and more.

World Bank Development Indicators

The window below is a feed from the World Bank website and shows the primary World Bank collection of development indicators, compiled from officially-recognized international sources. It presents the most current and accurate Japanese and global development data available, and includes national, regional and global estimates. Amongst others it covers critical areas of Agriculture & Rural Development, Climate Change, Economy & Growth, Education, Energy & Mining, Environment, External Debt, Health, Infrastructure and Labor & Social Protection.

Exports

This graph is taken from The Observatory of Economic Complexity (OEC). Products, represented by rectangles, are drawn from the 775 individual product classes found in the Standardized International Trade Code.

This graph shows volumes of goods exported from Malaysia.

Imports

This graph is taken from The Observatory of Economic Complexity (OEC). Products, represented by rectangles, are drawn from the 775 individual product classes found in the Standardized International Trade Code.

This graph shows volumes of goods imported into Malaysia.

Trade Balance

This graph is taken from The Observatory of Economic Complexity (OEC).

This graph illustrates the subsequent trade balance of exports and imports to and from Malaysia.

Destinations

This graph is taken from The Observatory of Economic Complexity (OEC).

This graph shows the destinations of goods and services by country.

 

Business Opportunities in Asia Pacific:

AUSSIE TECH – BIG OPPORTUNITIES FOR DIRECT INVESTMENT     (Jan 2018)

There are huge opportunities for AGN technology clients in Australia. Between 2014 and 2020, the contribution of digital technologies to Australia's economy is forecast to grow 75% to A$139 billion.

Almost all of this growth (97%) is predicted to take place in a range of traditional sectors such as financial services, agribusiness, life sciences, resources and energy. The Australian government warmly welcomes foreign investment in the some critical areas.

find the firm best prepared to serve you

Vietnam features at No3 in the top 5 best countries to invest in     (August 2016)

Recently free trade agreements have been signed with the European Union and 11 members of the Trans Pacific Partnership (TPP). Most economic indicators show resilience and point towards a continued and pro-longed period of growth. 
As a rising middle class country Vietnam offers many interesting business opportunities. Vietnamese population is a young one with the average age of the Vietnamese people being around 29. Due to the Confucian way of thinking education is highly valued and these young people have a reputation for being very eager to learn and are hard workers. English is the most commonly used language for educational studies and so the language barrier is not often an issue. Economic growth is stable and the country enjoys a stable political environment.

find the firm best prepared to serve you

Top 5 Foreign Direct Investment     (June 2016)

Foreign Direct Investment (FDI) accounts for approximately 11% of global GDP and more than 80 million jobs worldwide. There are four critical motivators that drive companies to pursue direct investment in foreign countries: 
Natural resource seeking, which speaks for itself. Market-seeking e.g. to gain access to new customers. Efficiency-seeking to reduce production costs by gaining access to new technologies or competitively priced inputs, and finally strategic-asset seeking such as valuable brands, new technologies, or distribution channels.

THE TOP 5 BEST COUNTRIES TO INVEST ARE: 
NO 5 - IRELAND - Many viewed Ireland's tax environment as one of the best in the world, scoring just behind Luxembourg and Panama. Business starts ups get 3 years tax free and then move to a 12.5% rate, which is practically half the global average.  
NO 4 - INDONESIA - Due to oil and massive reserves of other natural resources Indonesia has one of the biggest economies in the world. The Indonesian government are pursuing a radical agenda of reforms to assist FDI.
NO 3 - VIETNAM - Recently free trade agreements have been signed with the European Union and 11 members of the Trans Pacific Partnership (TPP).
Most economic indicators show resilience and point towards a good period of growth. 
NO 2 - SINGAPORE - Educated citizens and intellectual property protection law, along with large ex-pat communities make Singapore an attractive launch pad into the broader Asia region.
NO 1 - INDIA - Recently outperforming china as the top recipient of FDI in 2015, the governments campaigns to create favorable investment conditions in 25 key sectors, and the hugely successful Make in India campaign, have both contributed to India taking the number 1 slot.  

find the firm best prepared to serve you

TRANSFER PRICING 2019

Countries Comparison


A collection of transfer pricing summaries of countries in the Asia Pacific Region

read full publication
 
TAX CARDS 2019

Countries Comparison


General Guide to Asia Pacific Countries Tax Facts

read full publication
 

AGN News:

September 2019

Gilligan Sheppard: People, not transactions.


 


Gilligan Sheppard is an accounting firm based in Auckland, New Zealand, who pride themselves on getting to know their clients as people and forming lifetime relationships. They work with their clients to guide them, challenge them, work with them and help them to get the right results. Find out more about their company values, from company Partners, Yi Ping and Richard Ashby.

Read the full article
August 2019

Press Release: AGN International Welcomes New Member Onboard


 


AGN International is delighted to welcome Vikas Kochhar & Associates (VKA) to AGN membership. Read the press release to learn more about the firm and hear what Malcolm Ward - Global CEO, AGN International, and Vikas Kochhar - Founder and Partner, Vikas Kochhar & Associates have to say. 

Read the Press Release

AGN Firms in the country


Malaysia
GEP Associates
Room 1, 15th Floor
Kompleks Tun Abdul Razak
80000 Johor Bahru
Time Zone:
Phone: (+60 7) 223 9300
EMail: lauchinpark@hotmail.com
GEP Associates
25 Jalan PJU 1/42A
Dataran Prima
47301 Petaling Jaya
Selangor Darul Ehsan
Kuala Lumpur
Time Zone: GMT +8
Phone: (+60 3) 780 33390
EMail: esther@gep.com.my