We discuss how Malaysia’s border reopening will benefit the tourism and palm oil production industries and list the updated entry requirements.
Malaysia will increase the national monthly minimum wage from May 1, 2022, by 25 percent from 1,200 ringgit (US$276) to 1,500 ringgit (US$345).
Malaysia will continue to accept applications for tax incentives from pharmaceutical manufacturers until December 31, 2022.
The reopening of the land border between Singapore and Malaysia hopes to free up supply chain blockages between the two countries.
Mexico and Malaysia have proven to be good investment destinations for US businesses albeit for different industries and depending on the business strategy.
Establishing a branch office can be a quick and cost-effective way for foreign businesses looking to explore the Malaysian market.
Establishing a private limited company (locally known as a Sendirian Berhad – Sdn Bhd) is the most common type of business entity in Malaysia for foreign investors.
Establishing a representative office in Malaysia is often the fastest and most cost-effective way to have a legal entity and study the local market before determining viable opportunities.
Effective from January 1, 2022, Malaysia has imposed a licensing requirement on the provision of cloud services, although it will only be enforced from April 1, 2022.
The Malaysian government has decided to provide a tax exemption on foreign-sourced income for individual taxpayers, backtracking from their earlier proposal made in the 2022 budget.