Set Up a Jewelry Business in Malaysia

Updated on Sunday 17th December 2017

Rate this article
based on 2 reviews

Set Up a Jewelry Business in Malaysia Image
A jewelry business can be an ideal business for those passionate about beautiful accessories. Penang is known to be the largest gold and jewelry contributor to this particular business sector in Malaysia. Other areas popular for jewelry manufacturing include Johor Bahru and Kuala Lumpur.

Investors who want to set up a jewelry business in Malaysia can request specialized legal help from our team of attorneys in Malaysia.

The jewelry industry in Malaysia 

The center of jewelry manufacturing in Malaysia has traditionally been located in Penang, on the northwest coast of the country. It is estimated that more than 70 percent of the gold and jewelry is being manufactured in this region and most of the products are destined for export. The largest percentage of jewelry and gold exported from Malaysia is destined to reach the Middle East and the United States.

The jewelry market in Malaysia is suited to the tastes of customers of all ages. Innovative jewelry design attracts the young generation while simple and elegant gold jewelry remains a staple regardless of age. Many jewelry manufacturers have a wide range of products, including entry-level pieces suited for customers with a limited spending power. The jewelry industry is also an important employer in Malaysia, with many artisans and talented craftsmen being present on the market.

Opening a jewelry store in Malaysia

Investors can decide to set up their jewelry business in any area of Malaysia, not only Kuala Lumpur. Tourists, as well as locals, will quickly become clients as long as investors position themselves accordingly on the market and have a good business plan.

Companies in Malaysia need to be registered with the Companies Commission of Malaysia and will be able to conduct their specific business activity based on a retail trade license. Choosing the suitable type of company is the first step and many jewelry businesses are registered as a company limited by shares.

Our team of lawyers in Malaysia can give you additional information if you are a foreign investor looking to open a jewelry store.

Contact us for more information and advice on how to open and run a company according to the Malaysian laws.