Malaysia Country Information flag

Malaysia Country Profile


Malaysia has a relatively open, growing economy with a skilled, generally English speaking labor force. Despite its comparatively small population, Malaysia is an easy country for foreign companies conducting global trade. **Good choice for most businesses**

(+) Consistently strong economic growth over the last decade;
despite COVID challenges
(+) Generally English-speaking population
(+) Ease of doing business and conducting international trade
(-) Productivity growth and domestic market size lags behind larger regional countries
(-) Internal political turmoil and ethnic tensions can create business challenges
(-) Relatively small population


– 5%+ average GDP growth over last 10 years
– Overall strong English language capabilities
– Top 15% of countries on the Global Competitiveness Index
– Pro-trade policies and low taxes

“Malaysia is one of the most open economies in the world with a trade to GDP ratio averaging over 130% since 2010. Robust manufacturing and service sectors have propelled the country to become a leading exporter of electronics.”

Country Facts:


32.6 million; 0.2% growth in 2021


$387.1 billion USD; 6.9 % growth in 2021

GNI per capita:


$10,580 USD; 3.3% Inflation in 2021; upper middle-income

$7.1 billion USD; 10.6% growth in 2021


Rubber and oil palm processing, petroleum and natural gas, pharmaceuticals, medical technology, electronics and semiconductors, and timber processing


26.1M arrivals in 2019; #4 ranked country in Asia

No Data Found




22.7 M

$7.1K USD


39% NYC Prices

Ease of Doing Business

Corruption Perceptions Index

Human Capital Index

Working Age Population

Household Expenditure Per Capita

English Language Capabilities

Cost of Living Plus Rent Index


Per capita expenditure:

$6,700 USD
Internet penetration:
81% (Southeast Asia 63%)

Shop online:

Mobile ownership:

Primary messaging:


Primary website:


Average Labor:

No Data Found


No Data Found

Opening a Business:

Relevant Laws:

Companies Act of 2016, Companies Act (amended) of 2019

Time to Incorporate:

5-10 business days

Fees to Incorporate:

$500 USD ($250 government fee / $250 admin fees) for a standard business

Paid in Capital:

Ownership Dependent: 100% foreign ownership requires minimum $120-$250k depending on industry

Remittance Taxes:

Generally no taxes, depending on business activity and country of remittance


100% foreign ownership is possible, with restrictions on certain industries to include medical, pharmaceutical, textiles, mineral, wood, and foodstuffs


Malaysia has created tax and investment incentives to attract additional foreign investment in manufacturing and services; see www

BBA Services:

BBA has multiple staff resident in Malaysia, plus several experts living in the United States. We can assist companies across multiple sectors.