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Financing a Business in Malaysia

Malaysia

Financing a Business in Malaysia

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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.

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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.

    More Details Visit Website
  • > GCE Global Solutions

    We are "GCE GLOBAL SOLUTIONS" the global evolution of " GRUPO CONSULTOR EMPRESARIAL " with the acronym "GCE ", a leader in the area OUTSOURCING IN BUSINESS MANAGEMENT for business administration worldwide, we have established our own international network of partners in each country.

    More Details Visit Website

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