Malaysia
Financing a Business in Malaysia
Recent forum posts
-
Top Professional Canadian Thesis Writers
The go-to resource for thesis writing services in Canada is Thesiswriter.ca, which makes it simple for students to succeed academically. We provide individualized thesis assistance, PhD thesis writing, and dissertation writing services tailored to your specific needs. Our knowledgeable staff is excellent at editing and proofreading theses, guaranteeing faultless, superior submissions. We make expe
Total Posts: 1 Last post by liamparkerca01
-
urgent Loan Whats-app: +918119862018
Do you need a financial help? Are you in any financial crisis or do you need funds to start up your own business? Do you need funds to settle your debt or pay off your bills or start a good business? Do you have a low credit score and you are finding it hard to obtain capital services from local banks and other financial institutes? Here is your chance to obtain a financial services from our compa
Total Posts: 1 Last post by bullsindia
Financing a Business in Malaysia
Government Incentives
For UK businesses looking to expand to Malaysia there are a number of financial incentives to encourage investment:
- Pioneer Status
This is available in several industry sectors, including agriculture and media. It exempts the business from income tax for a period of 5 years.
The government also offers industry specific tax breaks, financial support for development in areas such as R&D and the removal or reductions of tariffs on imports. Further information can be obtained at the Malaysian Industrial Development Board website. www.mida.gov.my
Private Finance
Credit from financial institutions is available from a variety of private financial institutions such as HSBC and Royal Bank of Scotland, who have branches in the Malaysia. As with all commercial loans, a strong business plan and an understanding of the local business conventions and etiquette are important if pursuing this form of finance. It is advisable to consult an accountant and utilize the knowledge of a local agent. Malaysia has a liberal and open banking system, with its government recently pursuing a program of liberalization in the sector to encourage foreign financial investment.
Click here to Ask an Expert about Financing a Business in Malaysia
Organisations that can assist with Financing a Business
-
> Need to open a bank account in this country?
Business Banking advice Advice on which type of bank account would best suit your business. Help making payments – and getting paid.
