|1 EUR||4.64 MYR|
Currency: Malaysian Ringgit (MYR)
GDP: USD 237.8 Billion
Bilateral Trade: USD 4.06 Billion
French exports: USD 1.804 Billion
Malaysia exports: USD 2.252 Billion
Global economy situation, estimated GDP, major market potential
Multinational corporations from more than 40 countries have invested in over 5,000 companies in Malaysia’s manufacturing and related services sectors, encouraged by the country’s pro-business environment.
Malaysia today is one of the world’s top locations for offshore manufacturing and service-based operations. Many of the existing foreign companies have also continued to show their confidence in the country’s potentials as an investment location through their numerous expansions and diversifications over the years, particularly in high-technology projects.
The New Economic Model (NEM) to be achieved through an Economic Transformation Programme (ETP) constitutes a key pillar which will propel Malaysia to being an advanced nation with inclusiveness and sustainability in line with goals set forth in Vision 2020.
Vibrant Business Environment
A market-oriented economy and government policies that provide businesses with the opportunity for growth and profits have made Malaysia a highly competitive manufacturing and export base. Malaysia’s rapid move towards the K-economy allows companies to do business in an environment that is geared towards information technology.
Set up cost for global companies in Malaysia
Starting a business in Malaysia will cost you a price ranged between RM1030 and RM70030 (322 and 22000 US dollars).
Excellent Educated Workforce
Many of Malaysia’s university graduates are trained overseas in fields such as engineering and accountancy, allowing them to adapt easily to an international corporate environment. English is widely used in Malaysia, especially in business thus facilitating the investors’ communication with local personnel and suppliers.
Quality of Life - Cosmopolitan Environment
Malaysia is among the friendliest and most hospitable places in the world to work and live in while Malaysians are warm, friendly people who easily accept foreigners into their circle of friends. In addition, the country’s tropical climate with its uniform temperatures allows light, comfortable clothing throughout the year.
One of the country’s most distinctive features is its rich diversity of cultures, a heritage derived from its racial mix of some of the world’s oldest civilisations - Malay, Chinese and Indian.
The greatest advantage to manufacturers in Malaysia has been the nation’s persistent drive to develop and upgrade its infrastructure. Over the years, these investments have paid off and serious bottlenecks have been avoided. Today, Malaysia can boast of having one of the most well-developed infrastructures among the newly industrialising countries of Asia.