There are so many entrepreneurs who are making some good profits by setting up their companies in Malaysia. Wondering why a lot of people are interested in setting up their business in Malaysia? Look below to know about the reasons.
- Malaysia is one place where you can find people from different countries. Besides, some of the commonly spoken languages here include English, Tamil, and Mandarin in addition to Malay.
- The people in Malaysia are very friendly.
- Malaysia is a safe place to live with your family.
- Malaysia is developing rapidly and both non-residents and residents are doing business here.
- Registering a company in Malaysia is simple. In fact, you can register a company in Malaysia in 3 simple steps.The first step in the registration process is to choose a business entity, the name of your company, and hiring staff. All of this can be simply called registration preparation.The second step involves registering your firm. The final step includes opening a separate bank account for your business, applying for licenses (if applicable), etc.
- The best part about Malaysia is, most workers here are well educated. Moreover, the government here encourages the development of human resources across all industries.Malaysia is one country that gives more importance to education, which is why you can find so many technical schools, skill development centers, and many more. The surprising part about this country is, the labour cost here is very less.
Some of the documents required for a small business to start in Malaysia include
- Forms 79 and 80.
- The copy of SSM approval for your company’s name.
- Form 13A original copy.
- Your company’s registration certified copy.
- Memorandum of association of a company’s certified copy.
For private company formation, you do not have to stress yourself. Companies like 3E Accounting Malaysia are available to help the individuals like you, who want to start a company in Malaysia.