Short Guide to Foreigners about Investing in Malaysia

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Short Guide to Foreigners about Investing in Malaysia

February 28, 2014 | Valerie Wong

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If you're a foreigner and you wish to invest in Malaysia, you need to get a couple of things straight. First off, even though Malaysian-based investments can be overwhelming for the first time investor who has no idea what he's getting into, he should rest assured that this completely foreign country is full of business opportunities for you to put your money down on. Keep yourself abreast when it comes to the various visa types available for you as an investor (which is different to those available when you're merely being a tourist). You should also do your research in order to penetrate the Malaysian market with your proposed startup.

Getting It Right the First Time Around

Are you planning to make a Malaysian-based business? Consult with Servcorp to assist you with your startup. With the company's virtual office and corporate registration services, you should be able to make your Malaysian business dreams a reality immediately. You should check out your eligibility for trade licenses as well as your VISA application to all the relevant ministries, which might include Tax, Company Registration, Local Town Councils, Trade Consumerism, Immigration Department, and the likes. Don't be intimidated by all the paperwork, because when everything is said and done, the World Bank ranks Malaysia as the sixth friendliest country in the world when it comes to doing business and investing. 

It's essential that you get things right the first time around. If you were to stumble and fall, it won't only be a waste of your time and money; it's also something that's avoidable and unnecessary, like being afflicted with preventable conditions like obesity and heart ailments. All you need to do to survive in Malaysia is to do things right at the beginning. Create your foundations for your establishment or organization with the future in mind, which means taking care of and resolving all your issues concerning taxation, VISA, trade license, and other similar matters from the beginning instead of procrastinating about them. You can future-proof your investment by taking care of everything ASAP.

Where Else to Start in Terms of Investing in Malaysia

The renewal process will go smoother as well whenever you have to get some sort new license or visa ready. With that said, you don't need to get an Independent Business Advisor to invest in Malaysia, but it does help to have local connections or a liaison to ensure that everything is on the up and up. If you have a local helping you out, he can serve as your guide and peripheral support when it comes to dealing with governmental department paperwork up until how to appeal to Malaysians at large after your startup has finally taken off.

These assistants can also serve as your helpers when it comes to minimizing your investment risk by doing fact finding and negotiation services as well as finding the perfect Malaysian niche for you. To get your Malaysian investment going, you should find a third-party who can advise you on trade licenses recommendations, acquiring the right VISA type in light of your unique circumstances, and offer guidance when it comes to compliance matters, secretarial issues, taxation and accounting, and assistance when it comes to setting up your office and business overall.

Are you planning to make a Malaysian-based business? Consult with Servcorp to assist you with your startup. With the company's virtual office and corporate registration services, you should be able to make your Malaysian business dreams a reality immediately. 

 

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Published by: Valerie Wong