Malaysia’s economy is underpinned by a wealth of natural resources, and the nation is becoming a regional hub for finance, information technology and supply logistics. The services sector accounts for over 50% of Malaysia’s GDP, supported by a strong manufacturing sector and mainly young workforce, who are well-educated, motivated, flexible and largely English speaking.
Malaysia has become a launch pad for further expansion among other members of the Association of South East Asian Nations (ASEAN). These are among the opportunities that can benefit the growth of your business.
But each new markets bring new challenges, and these can be worked through efficiently and cost-effectively with the support of an international Professional Employer Organisation (PEO) such as Bradford Jacobs, especially through our Employer of Record (EOR) framework.
This can be best utilised when businesses are just beginning their expansion process and require more information before committing to incorporating an entity and fully establishing themselves in that market.