Currently, Malaysia is considered one of the top four cities in Asia to launch a startup venture. There are a number of exciting reasons for this. For one thing, the law just changed to allow small companies up to twenty foreign employees. This renewed MSC Status now means that business owners can, essentially, transplant their entire team to this thriving location.
Not only that, but the country has a robust and surprisingly advanced infrastructure for a place where jungle still lies right outside the cities. It is a wonderful place to start a company and, even though adapting to the cultural makeup can take time, its diversity is an advantage too. So, if you are on the lookout for a new home, know that Malaysia is a worthy candidate.
This guide to some of the hottest (literally and figuratively) cities to do business will help you decide where to start.
Kuala Lumpur – Best for Financial Technology
The capital city is a real melting pot when it comes to cultures, religions, and business models. In fact, it is quite unlike anywhere else on the planet. So, if it’s a wealth of diversity that you want, this region is perfect. For two decades, a Special Economic Zone in Kuala Lumpur has been playing host to IT companies, technology start-ups, leading financial groups, and insurance providers.
It is called the Multimedia Super Corridor and it is extremely supportive of smaller businesses and flexible working models. Click here to learn about some of the amazing office real estate opportunities in and around the capital city.
Virtual and serviced suites are particularly popular because they provide a stable base without the need for years of commitment. Plus, serviced offices contain everything from basic logistics (cleaning, lighting, heating) to more specialist services like presentation equipment, boardroom spaces, and 24/7 receptionists and PAs.
Port Klang – Best for Logistics
To the west of the capital is Port Klang, the biggest port in Malaysia. It is the epicentr of logistics and transportation for this part of South East Asia. With links to no fewer than 120 nations and over 500 international ports, this is the place to be for companies that want to make their mark in the world.
The Kuala Lumpur airport is nearby, which adds to the reach of this region. It also means that entrepreneurs and small business owners can base their operations in Port Klang, but still use virtual workspaces to network in the capital.
One thing to be aware of is the pace of business here; as it represents a sprawling logistical hub, there are fewer opportunities for leisure and adventure outside work. On the other hand, good transport links mean that the life and vigor of the consumer cities are never far away.
Johor Bahru – Best for Business Services
Johor Bahru is the third biggest city in Malaysia. As it is so close to neighboring Singapore, much of its economy is based on business services and sectors which support the nearby country. The benefit of this for entrepreneurs is that the city provides easy access to two huge consumer markets.
While the journey from Malaysia to Singapore remains frustratingly slow, it can be completed in a single afternoon. So, you’ve got the opportunity to move back and forth between the two countries. With the help of virtual office solutions, this is easier than ever.
You could set up your main base in a serviced office in Johor Bahru, where startup costs are low and spend part of your week telecommuting from virtual offices in Singapore. The point is that flexible working models are possible here. If you want to minimize overheads, you also need to figure out how you can maximize your reach.
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