Successful Strategies For Doing Business In Asia: Malaysia

With the changing global economic landscape, most of the rapid-growth markets are found in Asia. Malaysia sits at the center with its robust trade and domestic demand. Malaysia offers investors a cost-competitive economy which is increasingly innovation-driven. It also provides strong investor protection, offers good talent availability, a high quality of living, and an affordable and business-friendly environment.

The Association of Southeast Asian Nations (ASEAN) countries are leading the “Asian Century.” The establishment of the ASEAN Community creates a single market of 600 million people and a freer flow of trade and investment will be set up by 31 December 2015 when Malaysia takes over the chairmanship of the ASEAN Summit.

Doing business in Malaysia is relatively straightforward. Challenges faced by foreign investors in doing business in Malaysia arise primarily out of administrative processes and policies adopted by the ruling government that focus on certain strategic sectors. Malaysia subscribes to the principle of progressive liberalization within the context of overall development strategy. With the abolition of the Foreign Investment Committee in 2009, the process for foreign direct investment has been simplified substantially.

The Malaysian government is optimistic that the abolition of the FIC and other liberalization measures will assist Malaysia to become more competitive in its quest for foreign direct investments.

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