40% of Small Businesses in Malaysia to Hire Staff in 2018

Updated on Monday 19th March 2018

Investors who want to open a company in Malaysia as a small business benefit from good market conditions. Numerous small businesses in Malaysia are currently investing in tehnology and creating new jobs on the local market, as mentioned in a study related to the activities of small companies Asia-Pacific Small Business Survey. A small business in Malaysia can also be set through a sole proprietorship and our team of specialists can assist investors with advice regarding the registration of this business form. 
 

Small businesses in Malaysia in 2018
 

As revealed by the study, small businesses in Malaysia increased their number of employees in 2017 by 27.5%, showing that the business environment provides good economic prospects. Furthermore, the representatives of small businesses operating here declared that (40.1% of such companies) will be expecting to hire more employees during 2018. Our team of specialists in company formation in Malaysia can provide legal assistance on the employment regulations available here. 
 
Those who are interested in starting the procedure of company registration in Malaysia must know that small businesses set up here also invest in tehnology, especially in digital technology
 
A large part of such businesses (53.4%) obtained relevant profits (10%) from sales concluded in the online environment, while more and more companies (80%) invest in social media services to promote their business activities. 
 
Although not many companies in Malaysia provide modern digital payment services, such businesses have invested in consumer loyalty, which is seen as a major contributor to the development of small companies’ activities
 

Characteristics of the Malaysian small businesses
 

Small companies in Malaysia are characterized by numerous positive characteristics, such as:
 
strong focus on innovation;
e-commerce;
technology
 
Due to these characteristics, the companies in Malaysia operating as small businesses are expected to develop at a fast pace, and some of them may even grow into large companies, operating at a global level. 
 
Businessmen are invited to contact our consultants in company formation in Malaysia for advice on how to start a small business on the local market.