Business For Sale Malaysia | Business For Sale Listings
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Get to Know About Malaysia
Malaysia is a country in Southeast Asia divided into two similarly sized regions: Peninsular Malaysia and East Malaysia. It covers a land area of 330,803 square kilometers with a population of 32,049,700. The capital is Kuala Lumpur, which is also the largest city. Its national language is Malaysian, while English remains the second language. The majority follow Islam, and they use Ringgit as a medium of exchange. The country has a tropical climate similar to its neighboring countries like Vietnam, Singapore, Brunei, and the Philippines.
The Gross Domestic Product (GDP) in Malaysia is worth 354.35 billion US dollars, and its GDP per capita is $12,109.50. The Corporate Tax Rate in the country stands at 24 percent, which is still good and acceptable.
According to the latest annual ratings of the World Bank, Malaysia is ranked 15 among 190 economies in the ease of doing business index. This will make business owners have peace of mind when doing business in Malaysia. Well-developed countries like Japan, the United States, and the United Kingdom do not require a visa to enter the country. Some foreign nationals can apply for an e-Visa at the comfort of their home (given that all requirements are properly met), but those who are not eligible should get one from the Malaysian embassy or consulate instead. There are various types of visas that the country issues such as Single Entry Visa, Multiple Entry Visa, and Transit Visa.
Foreigners who decided to stay in Malaysia will encounter minimal hardship. They have to be aware as it is a highly multicultural country and they will probably do business with its other citizens like Indians and Chinese. Malaysia is also known for its tallest twin-towers in the world, the Petronas Towers.