Malaysia, a Target Location for Expanding Singapore Companies
Updated on Tuesday 21st August 2018
Kuala Lumpur is one of the most attractive cities in Asia for companies that want to expand their business. This is confirmed by a large number of Singapore companies that are choosing this city, and others in the country, once they are ready to expand out of the borders of their city-state.
According to a report published by HSBC, one of the largest financial and banking organizations, Malaysia is chosen by companies in Singapore that plan to expand during the following two years. Out of a total of 1,036 companies surveyed for this study, 36 percent, representing a little more than 370 companies, have stated that they plan to expand to Kuala Lumpur.
The main reasons why Malaysia is an attractive destination for expansion include the large potential market for new customers, ease of doing business and consolidating business relations and the overall investment climate. For this last criterion, more than 70 percent of the company representatives believed that the country has a good business climate.
One of the experts at our law firm in Malaysia can give investors complete details about the regulatory regime and the legal provisions that prove to be attractive to foreign entrepreneurs.
More than 37,400 international companies are currently based in Singapore, out of which 7,000 are multinational companies. Kuala Lumpur, along with Labuan tend to remain the preferred business destinations.
Contact our law firm in Malaysia for complete details about the policies for investment and how you can expand your company to Kuala Lumpur.
More and more Singapore companies are looking towards Malaysia as a viable option for their expansion in Asia. The large consumer market, as well as the ease of doing business, are among the top reasons why foreign companies are looking to open branches or subsidiaries here. Based on a report issued by HSBC, 36 percent from a total of more than 1,000 companies in Singapore are including Malaysia at the top of their expansion list. Our team of attorneys in Malaysia is ready to assist any foreign companies looking to open their operations in the country.
Malaysia’s qualities as a business expansion destination
Kuala Lumpur is one of the most attractive cities in Asia for companies that want to expand their business. This is confirmed by a large number of Singapore companies that are choosing this city, and others in the country, once they are ready to expand out of the borders of their city-state.
According to a report published by HSBC, one of the largest financial and banking organizations, Malaysia is chosen by companies in Singapore that plan to expand during the following two years. Out of a total of 1,036 companies surveyed for this study, 36 percent, representing a little more than 370 companies, have stated that they plan to expand to Kuala Lumpur.
The main reasons why Malaysia is an attractive destination for expansion include the large potential market for new customers, ease of doing business and consolidating business relations and the overall investment climate. For this last criterion, more than 70 percent of the company representatives believed that the country has a good business climate.
One of the experts at our law firm in Malaysia can give investors complete details about the regulatory regime and the legal provisions that prove to be attractive to foreign entrepreneurs.
Foreign headquarters in Malaysia
More than 37,400 international companies are currently based in Singapore, out of which 7,000 are multinational companies. Kuala Lumpur, along with Labuan tend to remain the preferred business destinations.
Contact our law firm in Malaysia for complete details about the policies for investment and how you can expand your company to Kuala Lumpur.