What You Need to Know About Starting a Sdn Bhd Company in Malaysia

If you have plans to expand your business in Malaysia but do not wish to relocate, setting up a private limited Company (Sdn. Bhd.) is the best option. One major advantage is that foreigners can be the sole owner as long as they have the local residential address.

Here are 4 reasons why entrepreneurs prefer to set up a company in Malaysia as Sdn Bhd in 2021:

1 . Malaysia’s economy is rebounding in 2021

As the vaccination programme has started to roll out in Malaysia since late February 2021, signs of improved economic activities are seen where eateries are full, shopping malls are crowded, and the roads are full with traffic again. The Central Bank of Malaysia (Bank Negara) has recently projected a GDP growth between 6% and 7.5% in 2021, having one of the strongest growth potentials in Southeast Asia. In a nutshell, Malaysians can no longer wait to get out and re-start the pre-MCO lifestyle and these are the signs that the economy is recovering and what better time it is to set up a company in Malaysia to leverage on the recovery.

 2. Availability of various grants and loans

Many grants and loans are also given out to Small-Medium-sized Enterprises (SMEs) as part of the efforts to rejuvenate the economy and many of the grant or loan qualifying terms would require the entity to be anf Sdn Bhd in order to be eligible to apply for these grants and loans.

Read more about the good reasons why you should start a Sdn Bhd Company in Malaysia this 2021 at this WeCorporate blog.