Posted November 23, 2020, 10:06 AMUpdated October 11, 2021 at. 16.42.
A pro-business environment
By 2020, Malaysia reached the 12thand position on the world rankings “Ease of Doing Business” established by the World Bank Group. The country has pursued a business-friendly policy for almost three decades with an open, liberal economy and favorable tax rates. According to the KPMG network, Malaysia is also the fourth most competitive economy among production hubs, ahead of China, Japan, India and Vietnam. Here it is easier to start a business and stay competitive in accordance with international intellectual property law.
2. A policy favorable to French companies
This dream framework for investors and business creators also applies to French investors. In fact, 5,000 companies from more than 50 countries have already established their activities in Malaysia for a cumulative investment of $ 162 billion. Loans from 400 French companies ranging from large entrepreneurs, SMEs, EITs and start-ups have already settled on the spot, such as PSA, Arkema, Airbus, Cetim, Monin, etc. Many of them now use Malaysia as their regional hub and have since expanded and diversified their activities throughout the region.
A strong economy …
With many resources on its land – crude oil, natural gas, timber, rubber… – and an economy geared towards services and industry, Malaysia offers an economic context that is both stable and dynamic. The average growth of its GDP over the last 5 years is 4.84%, while inflation remains under control below the 2% threshold. And according to the 2019 Global Competitiveness Index, it is the second most developed and competitive country in Southeast Asia.
4.… and looking to the future
The Malaysian government is eager to anticipate tomorrow’s challenges and supports and encourages the development of technologies. Its favorable tax measures thus support advanced electronics, biotechnology, logistics and even the design of highly automated devices. MSC Malaysia’s business districts – dedicated to tech companies – represent this ambition alone. In 2020, Malaysia also achieved the French Tech brand, accelerating the emergence of digital talent locally and internationally.
5. An openness to the rest of the world
Malaysia’s financial and banking sector has international reach. The capital Kuala Lumpur has no less than 27 commercial banks, 19 of which are foreign, such as BNP Paribas, Société Générale, Amundi and HSBC, but also 16 Islamic banks and 15 investment banks. English remains the main language in business circles. Kuala Lumpur appears to be well on its way to eventually competing with financial centers in Hong Kong and Singapore.
6. Transport infrastructure
In the heart of Southeast Asia, about 200 km from the equator, Malaysia borders the Strait of Malacca, the world’s leading maritime trade route. Malaysia is a major trading partner and has 7 international ports and 7 bilateral free trade agreements with Turkey, Pakistan, India, Australia, New Zealand, Chile and Japan and 7 regional free trade agreements with ASEAN countries, China, Hong Kong etc. potential market in 2 , 7 billion consumers. Malaysia also has 5 international airports. Headquartered in Kuala Lumpur, low cost airline Air Asia serves more than 165 destinations worldwide.
7. Advanced means of communication
The telecommunications network in Malaysia has been the subject of a comprehensive modernization plan based solely on digital and fiber optics. As a result, Malaysia is now one of the most advanced countries in the Association of Southeast Asian Nations. Sustained efforts that, of course, benefit the companies established in its territory.
8. A highly skilled workforce
With an average age of under 30, Malaysia’s population is extraordinarily young. This is not its only asset. A British colony until 1963, English is still widespread here. And the young people enjoy a high level of qualification as well as a spirit of rigor and openness, enhanced by the country’s multicultural character.
9. An excellent quality of life
Welcoming and attentive, the Malaysians do everything to welcome newcomers. The country’s climate – with temperatures fluctuating year-round between 25 ° C and 32 ° C – promotes a remarkable quality of life. Not to mention the excellent health care, the supply of accommodation, leisure and large natural spaces.
10. An active international community
With all these foreign companies, Malaysia attracts foreigners from all over the world and forms a large international community. The perfect place to expand your professional network. The on-site French-speaking community continues to grow with the presence of the Franco-Malaysian Chamber of Commerce, Team France Export, French Tech Malaysia, Alliance Française and many French and international schools that have emerged in recent years.