Investors who want to open a company in Malaysia have very good prospects for business purposes in this country, as revealed by a study which puts this state as the top investment destination for 2017. The 2017 Best Countries Report analysed 80 countries based on various business indexes and Malaysia occupied the first position.
There are numerous reasons why foreign investors choose to make money in Malaysia. This country has a great business environment, economic stability, interesting culture and prosperous industries.
Local and foreign businessmen have always been interested in making numerous and fruitful investments in Malaysia, considering the main sectors with excellent financial reports.
Malaysia is an attractive country for both travelers worldwide and foreign entrepreneurs. The tourism is not the main engine of the economy in Malaysia but many other domains are strong enough to produce revenues.
Foreign citizens who legally work in Malaysia are considered important contributors to the country’s economy, a proper mechanism which nowadays represents about 19% of the total population.
The financial policies of the Malaysian government are back on track and predict interesting developments in the country to boost the economy. The 4.5% economy growth seems to be expected in 2017, a great number compared to 2016.
The five-year plan for Malaysia (2016-2020) contains important projects related to the means of transportation in the country. The government plans to unify the transportation system.
The green energy has always been a good bet for numerous investors worldwide, and 2017 comes with the same fruitful opportunities in Malaysia, a country where RM 265 million will be ready to invest in such significant domain.
Financial institutions operating in Malaysia are advised to invest in fintech applications, which are vital in the current business world for both businessmen, as well as for the consumers. Businessmen who are interested in setting up a company in Malaysia in the financial sector should take into account the development of fintech applications.
The e-commerce market in Malaysia will soon develop, as the local authorities have set new targets in order to increase this field. The projections are showing that the e-commerce contribution to the local economy will reach RM 211 million in the following three years.
The Malaysian authorities announced recently that the local economy will remain stable in 2017 as well, due to the fact the Gross Domestic Product (GDP) will maintain a growing trend. The GDP for 2017 is estimated at 4,4%, compared to the predictions for 2016, which set the GDP growth at 4,1%.
The Malaysian business environment offers important opportunities to foreign investors who are seeking for a location to set up a business.
Malaysia is an attractive business location and businessmen are advised to invest on this market, especially in the sectors which have reported very good financial results.