Business in Malaysia FAQ

Q1. What are the major export industries?
Q2. What does Malaysia import?
Q3. What are the items Malaysia exports to Maldives?
Q4. Which agency regulates Foreign Companies?
Q5. What are the incentives Malaysia provides for foreign investors?

 

Q1. What are the major export industries?Automotive, Chemicals and Chemical products, Electrical and Electronic products, Palm Oil-Based products, Plastics and Plastic products, Processed Food, Rubber-Based products, Textiles and Apparel, Wood-Based products and Services.

For details please visit http://www.matrade.gov.my/msianproducts/keyExp.htm.

Q2. What does Malaysia import? Intermediate goods (thermionic valves and tubes, primary and processed industrial supplies, parts and accessories of capital goods, primary and processed fuel lubricants, and parts and accessories for transport equipment).

Q3. What are the items Malaysia exports to Maldives?Malaysian exports to Maldives ranges from food and food products which includes palm oil based products, processed food etc; household appliances; consumer products including cosmetics and toiletries; intermediate and capital goods including machineries, timber, cement and other construction materials.

For details please download the booklet titled “Maldives-Malaysia Merchandise Trade“.

Q4. Which agency regulates Foreign Companies?Foreign investors are required to register with the Companies Commission of Malaysia (CCM) of the Ministry of Domestic Trade and Consumer Affairs. The CCM regulates corporations, businesses and companies, including public-listed companies listed on Bursa Malaysia.The applications for registration of companies is required to be submitted on the prescribed forms to the CCM in Kuala Lumpur or any of its branch offices in Malaysia, with a payment of the required fees.

For more information, please visit http://www.mida.gov.my ; http://www.ssm.com.my.

Q5. What are the incentives Malaysia provides for foreign investors? The Malaysian government provides direct and indirect tax incentives for foreign investors under the country’s Promotion of Investments Act 1986, Income Tax Act 1967, Customs Act 1967, Sales Tax Act 1972, Excise Act 1976 and Free Zones Act 1990. These Acts cover investments in the manufacturing, agriculture, tourism (including hotel) and approved services sectors as well as research and development and training.

The direct tax incentives grant partial or total relief from income tax payment for a specified period, while indirect tax incentives come in the form of exemptions from import duty, sales tax and excise duty.

Foreign investors have access to credit on the local capital market. Foreign companies are also permitted an aggregate a maximum of RM 50 million credit facilities from Malaysian banking institutions.

For more information, please visit http://www.mida.gov.my.