Invest in Malaysia Still Viewed as an Attractive Option by Japanese Investors
Malaysia Seen as Affordable and Better Geographically for Businesses
The weaker economic environment globally is not stopping Japanese investors as they continue to view options to invest in Malaysia optimistically.
Among the reasons Japanese firms viewed Malaysia favourably is the affordable cost of doing business. The country’s strategic location and manufacturing are were also contributing factors. However, as other ASEAN countries are now implementing measures to reduce corporate taxes, the cost of doing business in Malaysia is now inching higher.
Reasons to Invest in Malaysia
The manufacturing sector’s robust performance in 2019 is one of the biggest reasons behind Malaysia’s attractiveness. Last year, the investments from manufacturing alone were projected to create more than 41,200 jobs.
Some Japanese food and beverage companies who are keen on acquiring their halal certification are investing in Malaysia. The country is seen as the ideal hub for some of these Japanese firms to penetrate the halal markets.
With the recent covid-19 coronavirus outbreak, some companies are keen to move their China operations too. The issue with the virus has certainly caused supply chain production problems and caused logistics related issues.
Invest in Malaysia
Despite the challenges faced by the global economy, it is clear Malaysia is strong enough to weather the storm. If you’re keen on incorporating a business in Malaysia, 3E Accounting can help. For more information on our company incorporation in Malaysia services, visit our website or contact us today.