Key benefits

Malaysia is located in Southeast Asia, consists of 13 States and 3 Federal Territories and boarders Thailand, Indonesia and Brunei. With a population exceeding 27 million Malaysia is one of the fastest and most stable developing regions in Asia. Malaysia has evolved from a raw material producing economy to a dynamic, emerging multi-sector economy which includes hi-tech and medical and pharmaceutical industries in addition to possessing a thriving oil and gas industry.

Growth has been slowing in Malaysia recently with GDP decreasing from 7.2% in 2010 to 5.1% in 2011. This is mainly due to the impact from the on-going Eurozone crisis however Malaysia remains a buoyant economy with the domestic sector driving growth leading Malaysia to become increasingly less influenced by global economic impacts.

The banking sector in Malaysia has developed in recent years to become a robust pillar of the financial system. Spurred on by competitive pressures in the region and financial liberalization the banking system has advanced which has contributed to ensuring numerous international banks are located in Malaysia.

Key benefits of Malaysia:

  • Malaysia has been placed on the ‘White List’ of jurisdiction as the OECD has recognized Malaysia as having implemented the required tax related standards.
  • Proactive policies by the government ensure Malaysia provides numerous opportunities for growth
  • The Corporate Tax Rate in Malaysia is 27% and in addition to this the government offers a wide range of benefits, specifically in relation to manufacturing.
  • Malaysia is ranked as the 21st most competitive economy in the 2011 World Economic Forum’s Global Competitiveness Yearbook.
  • Malaysia has a liberal exchange control system which enables businesses to deal freely in foreign exchange with very little restrictions
  • Malaysia has a developed and stable banking system with many international banks located in the country.
  • Malaysia offers a young, educated and competitively priced workforce.
  • Malaysia has a well-developed infrastructure in relation to other newly industrialized countries in Asia.

Please contact us if you require our Malaysia Fact Sheet and Fee Schedule.

Take the next step, we are here to help.

Register a Malaysia company.
Open a Malaysia bank account.

  Resources:

OECD publishes compliance review for all non-compliant jurisdictions

OECD publishes compliance review for all non-compliant jurisdictions

The OECDs global tax transparency initiative was launched last year in April 2016, with the purpose of encouraging every jurisdiction across the world to commit to implementation of a CRS (Common Reporting Standard) for automatic exchange of information by 2018, and to sign the Multilateral Convention on the exchanging of tax data. A forum on behalf of the OECD has released the results of its review for jurisdictions it considers to be non-compliant.

EU Parliament Committee release findings & recommendations for current offshore taxation measures

EU Parliament Committee release findings & recommendations for current offshore taxation measures

A formal enquiry into the Panamanian law firm Mossack Fonseca has been launched by the European Parliament's Committee, which found gaps in beneficial ownership transparency for trusts and fiduciaries and didn’t meet the EU standard.

2017 G20 summit: Enforcement of taxation highest priority

2017 G20 summit: Enforcement of taxation highest priority

The 2017 G20 leaders’ summit took place in Hamburg last week where the European Commission Council and leaders discussed the priorities and primary projects for the upcoming summit. EC President Jean-Claude Juncker has stated that advancing the global combat against tax evasion is top of the list.

The EC takes action against advocates promoting tax avoidance schemes

The EC takes action against advocates promoting tax avoidance schemes

The European Commission has recommended the implementation of a new regulation regarding companies or intermediaries who promote or design cross-border tax planning schemes will going forward be required to provide full disclosure to the tax authorities of their relevant jurisdiction within five days of offering them to clients.

What are the new Beneficial Ownership reporting requirements for BVI companies?

What are the new Beneficial Ownership reporting requirements for BVI companies?

Going forward, a new regulation will require certain British Virgin Islands companies to gather and retain details of Beneficial Owners with 25% or more of the company’s shareholding rights, with an ongoing requirement to keep the details up to date.

Russian citizens can gain Cyprus tax residency by staying only 60 days on island, whats the catch?

Russian citizens can gain Cyprus tax residency by staying only 60 days on island, whats the catch?

Cyprus is once again working to improve its economic desirability and will be able to increase its alternative business base for Russians with good creditworthiness.

Cyprus tax department releases new guidance on CRS deadlines and the online portal

Cyprus tax department releases new guidance on CRS deadlines and the online portal

The Cyprus Tax Department has released a notification to all Cyprus based Financial Institutions & Service Providers of the new guidance notes on the Automatic Exchange of Financial Account Information and other information relating to the Common Reporting Standard (CRS).

Hong Kong establishes AEOI agreement with Indonesia

Hong Kong establishes AEOI agreement with Indonesia

Last week, Hong Kong finalised and signed an agreement with Indonesia to allow for the automatic exchange of financial information (AEOI) regarding all tax matters.