Malaysia is the closest country next to Singapore and both were once under the same roof half-century ago. Now, both are just a bridge away. Both have an unbreakable close relationship where having the same common languages, similar living culture and located in the centre of South-East Asia. Malaysia has become a residential and investment hub for Singaporeans and foreigners.
The Opportunities in the country:
The 3rd largest economy in South-East Asia and the 35th largest economy in the world. Malaysia has diversified its economy from the production of raw natural resource material to become a leading exporter of electrical appliances, parts and components, and natural gas.
Located in the centre of South-East Asia and beside Singapore. Having relatively low business operating cost as compared to Singapore. With the national population of 32 million and foreign labour workforce from other South-East Asia countries, manpower is always not an issue.
Malaysia government attracts investors by implementing various tax and special incentives, for example, pioneer status, investment tax allowance, reinvestment allowance and etc.
In the encouragement of import and export business activities, Malaysia companies are able to enjoy duty-free trade through free ports, i.e. Pasir Gudang, Port Klang, Kulim Hi-Tech Park, Port of Tanjung Pelepas and Bayan Lepas.