Establish an IT Company in Malaysia

Updated on Monday 21st August 2017

Rate this article
based on 1 reviews

Establish an IT Company in Malaysia Image
The IT industry in Malaysia has a positive outlook, with various options for investors and a general tendency to push further and become a leading business sector. The information and communication technology market is open to foreign investments and so are other sectors like online retail or fintech.

Investors who want to open an IT company in Malaysia need to follow the rules for company incorporation. One of the experts at our law office in Malaysia can provide you with assistance, as needed.

The IT sector in Malaysia

The Government of Malaysia encourages the IT sector and has several long-term initiatives for this purpose. Most notably, Malaysian companies activating in this field benefit from tax incentives.

The Malaysian market relies on foreign investments and foreign imports in the field of IT products and services. This means that international companies are welcomed and outsourcing is a key component in this industry. Kuala Lumpur remains the country’s IT hub but string developments are taking place in other regions.

Some of the most attractive IT sectors in Malaysia include could computing, fintech, e-commerce, creative technology, internet-of-things (IoT) and bog-data-analytics. The mobile sector is another one that has been recording important progress in recent years.

Opportunities for investors in Malaysia also include broadband IT, digital media – a sector that closely related to the ever-growing number of mobile devices and the popularity of mobile gaming and music content.

Foreign investors who are considering entering the market can consider a partnership with a local company. One of our lawyers in Malaysia can give you more information on this topic.

Opening a company in Malaysia

Malaysia has opened most of its business sectors for foreign investors. For some fields, special licensing is needed and investors will need to make the necessary arrangements. High-technology companies in Malaysia can benefit from special investment incentives and several programs are in place for small and medium-sized corporations.

One of our lawyers in Malaysia can give you further details on how to access the tax incentives available for the information technology services.

Contact our law firm in Malaysia for more information on how to open a company and the conditions for investment.