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.

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:

OPPORTUNITIES TO SELL TO CHINA! DESPITE COVID, MASSIVE SHANGHAI EXPO SHOWS LUCRATIVE MARKETS ARE OPEN TO FOREIGN COMPANIES 
     (October 2020)

Potential for lucrative Chinese markets still very much present for businesses who may be otherwise suffering during the pandemic.

The upcoming Chinese International Import Expo (CIIE) in Shanghai illustrates how the Chinese are intent to move on from the impact of Covid 19.
 

GDP is up and the Chinese economy has effectively bounced back. Robust pandemic safety measures mean the import expo comprised of 1,400 foreign exhibitors will open its doors to buyers hungry for Western goods and services on 5 November. CIIE is likely to be one of the very few major commercial exhibitions not to have been cancelled in 2020.  

Foreign direct investment (FDI) into the Chinese mainland, in actual use, grew 18.7 percent year on year to 84.13 billion yuan in August. This marked the fifth consecutive month for the country to witness positive growth in FDI.


If you want to know what to export into China and for further information and take action, please contact us.

Find the AGN Firm best prepared to serve you


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

TRANSFER PRICING 2021

Countries Comparison


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

Read full publication
 
 
For further consultation on related items or previous years, get in touch with us 
 
TAX CARDS 2021

Countries Comparison


General guide to Asia Pacific countries tax facts

Read full publication
 
 
For further consultation on related items or previous years, get in touch with us 
 
ASIA PACIFIC TAXPRESSO

A quarterly Tax Publication

2021
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2020
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2019
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2018
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AGN News:

August 2021

Press Release: Professionals take to a multidisciplinary approach - written by R Venkatakrishnan, Partner at RVKS and Associates Chartered Accountants in Chennai, India


R Venkatakrishnan, Partner at AGN member firm RVKS and Associates Chartered Accountants in Chennai, India, has written an article published by the leading business daily in India on Monday 2nd August 2021.

In his article, titled 'Professionals take to a multidisciplinary approach', R Venkatakrishnan highlights a major change initiated by the Institute of Chartered Accountants of India. He shares his views on how domain experts need to form a holistic view of performance statements from multiple parameters. What will the future look like for professional accounting firms?

Read the press release
June 2021

Press Release: The AGN Woman of Impact Awards


The AGN Women of Impact Awards ceremony took place in front of a global virtual audience in May as a tribute to International Woman's Day 2021.

The award centre-staged women that showed commitment, energy, tenacity, professionalism and courage in the face of the pandemic with an aim to inspire other females. Find out who the six finalists are and who was crowned the overall winner.


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