There is no better time than now for deciding to do business in Malaysia. It has become one of the top economies in the world and is the best in East Asia. For these reasons alone, it is time to start thinking about getting into the business scene in the area.
The country offers an easy way to start and continue to conduct a variety of businesses. Entrepreneurs have an easy time following the steps that are needed to operate any business including industrial or commercial outfits. Some requirements must be followed including a certain number of days allowed before registering a firm and holding monies in bank accounts after formally incorporating one’s company.
Malaysia as your Company Operating Centre
There are so many reforms that have taken place in Malaysia; it is now time to take advantage of the conveniences and money savings that they provide. Many international entrepreneurs have found that some large metro markets in the States and Europe are becoming increasingly cost-prohibitive concerning new company start-ups. For this reason, entrepreneurs should look into starting their company in Malaysia.
While operating costs continue to rise, Malaysia offers opportunities to get many business registrations and operating procedures are done for a fraction of the cost. This makes the area ideal for any entrepreneurs who wish to migrate to Malaysia for better opportunities. Do read the cost of doing business information at the Malaysian Investment Development Authority website.
Overview of the 3 Steps Business Registration
- Contact the Companies Commission of Malaysia (SSM) or visit their website for the latest requirements
- Your company secretary prepares all the incorporation documents.
- File the documents with the SSM.
Take a look at all the ways it makes sense to do business in Malaysia now. You will want to act before the cost goes up due to demand. You can easily start a business in about two weeks’ time. See what opportunities await you.