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Malaysia
TKEG Expat ™ Business Guide

Malaysia

Corporate Services in Malaysia

  • Low Corporate Tax Rate

    Malaysia’s standard corporate tax rate is 24%, with a reduced rate of 17% for SMEs on the first RM600,000 of chargeable income. The government provides additional tax incentives for priority sectors including manufacturing, technology, and green industries, making Malaysia competitive within the ASEAN region.

  • New Companies Act

    The new Companies Act of 2016 has made it easier and more cost-effective to register a company in Malaysia. This law simplifies the registration process and implements other reforms for companies operating in Malaysia, such as allowing the formation of single-member companies and providing audit exemptions for specific types of companies.

  • Education and Low-Cost Labor

    Malaysia has one of the best workforces in Asia, with lower costs compared to other countries in the region. The government supports human resource development across various industries and has increased the number of public training institutions to meet the growing industry demands and qualifications.

  • No Language Barriers

    Malaysia is a multilingual country, with Malay as the official language, but English, Mandarin, and Tamil are also widely used. Especially the younger generation of Malaysians can fluently use multiple languages.

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