Malaysia
Business Expansion
made easy.

Why Malaysia?

Malaysia, strategically located in the heart of Southeast Asia, is a land rich in culture, nature, heritage and modernity. As one of Asia’s most vibrant economies, Malaysia offers a dynamic business environment with advanced technologies and well-developed infrastructure – a combination that makes for a compelling business case for companies and investors alike.

Malaysia is an open and newly industrialised market economy. Malaysians generally lead a more affluent lifestyle than peers in other upper middle-income countries (like Mexico, Turkey and Brazil) and this is due to a low national income tax, low cost of local food, transport fuel, readily available household essentials, access to fully subsidised single payer public-healthcare and comprehensive social welfare benefits.

Malaysia serves as the gateway to the ASEAN region, particularly for China, and it has been rolling out business-friendly initiatives and policies to encourage foreign direct investment. More than 1,500 Malaysian companies are operating in other ASEAN countries and its solid manufacturing base, cultural diversity and multilingual talent help to connect it with key markets across the region, cementing its status as a connected gateway and support its gateway endeavours.

Reasons to do business in Malaysia include:

  • Member of ASEAN
  • Attractive tax incentives
  • Advanced infrastructure
  • Competitiveness ranking

 

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Doing Business in Malaysia

Like all markets in Asia, Malaysia has unique business and cultural considerations that shape a company’s experience this vibrant market. To make business expansion easier, here is a list of important aspects about doing business in Malaysia:

  • Tax obligations
  • SOCSO (Social Security Organisation)
  • The Employment Provident Fund (EPF)
  • Expat and local employment considerations
  • Business etiquette

Planning to set up or further expand in Malaysia? Download our Malaysia business expansion guide to learn more.

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How Tricor can help in Malaysia

Tricor Malaysia has corporate offices in Kuala Lumpur, 6 branch offices in Ipoh, Johor Bahru, Labuan, Melaka, Penang and Seremban; and 2 representative offices in Kota Kinabalu and Kuching.

Tricor Malaysia was established through the acquisition of the client accounting, payroll outsourcing, company secretarial and share registration businesses of Total Corporate Compliance Sdn Bhd (TCC Group) and Tenaga Koperat Sdn Bhd (TK), and expanded through the acquisition of the PFA Group, formerly a service arm of Deloitte Touche Tohmatsu. Its predecessor companies had been operating in Malaysia for over 30 years.

Tricor Malaysia aims to provide a comprehensive one-stop solution for our clients. Being Asia’s leading business expansion specialist, we have expanded our solutions to include accounting services; human resources & payroll services; corporate governance & advisory; issuing house services to complement share registration services; internal audit advisory to support risk management; business centre services; tax advisory & compliance; strategic business advisory, technology tools, and business support services to both public listed and non-listed companies, private companies, multi-national corporations and government-linked entities.

Tricor Malaysia has a wealth of regional experience and local intelligence to provide expert advice. We can help accelerate your growth at every stage of the business life cycle in Malaysia, from company incorporation to IPO. Through Tricor’s global network, we also have the capability to extend our services to aid your expansion across Asia and beyond.

The addition of Tricor Roots Consulting Sdn Bhd (TRC) further enriched Tricor Malaysia’s service offering in the areas of governance, risk & compliance (GRC) and performance management in Asia Pacific. TRC provides a wide range of integrated training, advisory services, and software solutions integral to helping organizations dramatically improve strategic and operational performance.

Malaysia’s Tricor Hive is a vibrant business centre catering to the start-up community. With services that go beyond facilities and operational needs, its solutions and resources focus on accelerating the growth and success of entrepreneurial ventures. Features include serviced offices, virtual offices, business set-up solutions, fully equipped meeting rooms and the TwoJ Business Lounge, with a relaxed setting and spectacular views.

Tricor Group recently acquired the Malaysia operations of Axcelasia Inc. to form Tricor Axcelasia, which provides enhanced strategic business advisory, tax advisory and GRC system to public listed companies, private companies, multi-national corporations and government-linked entities.

Whether you want to establish a business in Malaysia or in overseas jurisdictions, our experienced professionals can advise and assist. In Malaysia, Tricor’s team can advise on the type of entity, the appropriate corporate structure and register the entity according to legal requirements.

As the leading business expansion specialist in Asia, Tricor provides the building blocks for, and catalyses every stage of your business growth, from incorporation to IPO.

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Tricor Services in Malaysia

TIIH Online-1 (1)

TIIH Online - The Solution for General Meetings Held Remotely

Due to the recent outbreak of COVID-19, we recommend that your company take advantage of our Remote Participation and voting facilities.

TIIH Online allows your shareholders to exercise their right to attend, participate and vote remotely through live streaming of meeting proceedings with audio and visual.

 

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Client Success Stories with Tricor