{"id":4062,"date":"2017-12-01T09:55:43","date_gmt":"2017-12-01T09:55:43","guid":{"rendered":"https:\/\/www.conferencecall.co.uk\/blog\/?p=4062"},"modified":"2017-12-03T17:55:22","modified_gmt":"2017-12-03T17:55:22","slug":"exporting-to-malaysia-everything-you-need-to-know","status":"publish","type":"post","link":"https:\/\/www.conferencecall.co.uk\/blog\/exporting-to-malaysia-everything-you-need-to-know\/","title":{"rendered":"Exporting to Malaysia &#8211; everything you need to know"},"content":{"rendered":"<p>Malaysia is a multi-ethnic society of 28.4 million and the country\u00a0has remained in a strong economic position in spite of the economic downturn and it aims to achieve Developed Nation status by 2020.\u00a0It&#8217;s also one of the world&#8217;s best spots for offshore manufacturing and service-based ventures.<\/p>\n<p>And, much like <a href=\"https:\/\/www.conferencecall.co.uk\/blog\/how-to-set-up-a-conference-call-between-singapore-and-uk\/\" target=\"_blank\" rel=\"noopener\">Singapore<\/a>, it&#8217;s strategic position between the Indian Ocean and the South China Sea makes it popular with investors.<\/p>\n<p>Trade between the UK and Malaysia is worth around \u00a38 billion, making it the UK&#8217;s second largest trading partner in the\u00a0Association of Southeast Asian Nations (ASEAN). If you&#8217;re interested in doing business in Malaysia, the top five sectors for trade are:<\/p>\n<ul>\n<li>machinery and transport equipment<\/li>\n<li>manufactured goods<\/li>\n<li>chemical and related products<\/li>\n<li>crude and fuel<\/li>\n<li>food, beverages and tobacco<\/li>\n<\/ul>\n<p>Here&#8217;s everything you need to know about exporting to Malaysia&#8230;<\/p>\n<p><!--more--><\/p>\n<h2>Where is Malaysia?<\/h2>\n<p>Malaysia is in southeast Asia and is the only country with territory in both the Malay archipelago and on the Asian mainland. Its capital, Kuala Lumpur, is around 6,500 miles from London with regular flights departing from the UK.<\/p>\n<p>The national language is Malaysian the currency is the Malaysian ringgit, and the dialling code is +370.<\/p>\n<p><iframe style=\"border: 0;\" src=\"https:\/\/www.google.com\/maps\/embed?pb=!1m18!1m12!1m3!1d16300690.430084962!2d100.57057402696853!3d4.089292544186079!2m3!1f0!2f0!3f0!3m2!1i1024!2i768!4f13.1!3m3!1m2!1s0x3034d3975f6730af%3A0x745969328211cd8!2sMalaysia!5e0!3m2!1sen!2suk!4v1512121173949\" width=\"600\" height=\"450\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<h2>The pros and cons of exporting to Malaysia<\/h2>\n<p>More than 5,000 Malaysian businesses benefit from investment from overseas multinational companies, making the country one of the world&#8217;s leading locations for offshore manufacturing.<\/p>\n<p>The Malaysian market has many strengths, notably:<\/p>\n<ul>\n<li>excellent infrastructure and transport connectivity<\/li>\n<li>well developed financial sector<\/li>\n<li>cost-effective gateway into to Asian markets<\/li>\n<\/ul>\n<p>And the benefits to UK businesses trading in Malaysia include:<\/p>\n<ul>\n<li>English speaking, educated workforce<\/li>\n<li>current exchange rate makes UK products and services attractive<\/li>\n<li>strong historical and cultural ties<\/li>\n<li>similar business and legal practices<\/li>\n<li>similar technical standards<\/li>\n<li>close to major Asia Pacific economies<\/li>\n<\/ul>\n<p>It&#8217;s not without its challenges though, and you could encounter the following problems:<\/p>\n<ul>\n<li>public procurement process not transparent<\/li>\n<li>ranked in top third of countries in <a href=\"http:\/\/www.transparency.org\/cpi2014\" rel=\"external\">Corruption Perceptions Index<\/a><\/li>\n<li>a weak competitive environment (including policies that favour Bumiputera, the indigenous Malaysians)<\/li>\n<li>Malaysian talent often moves abroad for work.<\/li>\n<\/ul>\n<div>If you\u2019re doing business in Malaysia, you\u2019ll need a reliable and cost-effective\u00a0<a href=\"https:\/\/www.conferencecall.co.uk\/conference-call\" target=\"_blank\" rel=\"noopener\">teleconference<\/a>\u00a0provider to help keep on top of business matters with overseas colleagues and clients. Here\u2019s\u00a0<em><a href=\"https:\/\/www.conferencecall.co.uk\/blog\/set-conference-call-malaysia-uk\/\" target=\"_blank\" rel=\"noopener\">How to set up a conference call between the UK and Malaysia<\/a>.<\/em><\/div>\n<div>\n<p>And remember, you can now screen share and video conference, using\u00a0<a href=\"https:\/\/www.conferencecall.co.uk\/blog\/now-can-screen-share-conference-calls\/\" target=\"_blank\" rel=\"noopener noreferrer\">Crankwheel<\/a>.<\/p>\n<p><iframe src=\"https:\/\/www.youtube.com\/embed\/S2xZS5zSPxQ\" width=\"560\" height=\"355\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<h2>How does tax work in Malaysia?<\/h2>\n<p>The main tax rates in Malaysia are:<\/p>\n<ul>\n<li><strong>VAT<\/strong>\u00a0\u2013 known as Goods and Sales Tax (GST) and charged at a standard rate of 6%. GST replaced Sales and Services tax on April 1, 2015. Foodstuffs remain largely exepmpt from GST<\/li>\n<li><strong>Corporation tax<\/strong>\u00a0\u2013 charged at 24%<\/li>\n<li><strong>Income tax<\/strong>\u00a0\u2013 charged between 0% and 26%, depending upon income.<\/li>\n<\/ul>\n<h2>How will I be affected by customs in Malaysia?<\/h2>\n<p>Tariff duties range from 2% to 60%, with the highest duties levied on \u2018luxury\u2019 items, as well as any that are deemed to be in direct competition with locally produced goods.<\/p>\n<p>Import licences are required for certain controlled items, and there is a\u00a0restrictive import licensing system that will affect the import of heavy construction equipment, electrical household appliances, and iron and steel products.<\/p>\n<p><a href=\"https:\/\/www.conferencecall.co.uk\/conference-call\"><img decoding=\"async\" class=\"alignnone wp-image-1777 size-full\" src=\"https:\/\/www.conferencecall.co.uk\/blog\/wp-content\/uploads\/2015\/05\/conference-call-banner.jpg\" alt=\"\" width=\"650\" height=\"158\" \/><\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Malaysia is a multi-ethnic society of 28.4 million and the country\u00a0has remained in a strong economic position in spite of the economic downturn and it aims to achieve Developed Nation<\/p>\n<div class=\"more-link-wrapper\"><a class=\"more-link\" href=\"https:\/\/www.conferencecall.co.uk\/blog\/exporting-to-malaysia-everything-you-need-to-know\/\">Read More<span class=\"screen-reader-text\">Exporting to Malaysia &#8211; everything you need to know<\/span><\/a><\/div>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[22,2,7],"tags":[23,3,24],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Exporting to Malaysia | ConferenceCall.co.uk Blog<\/title>\n<meta name=\"description\" content=\"Trade between the UK and Malaysia is worth around \u00a38 billion, here&#039;s everything you need to know about exporting to Malaysia.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.conferencecall.co.uk\/blog\/exporting-to-malaysia-everything-you-need-to-know\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Exporting to Malaysia | ConferenceCall.co.uk Blog\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.conferencecall.co.uk\/blog\/exporting-to-malaysia-everything-you-need-to-know\/\" \/>\n<meta property=\"og:site_name\" content=\"ConferenceCall.co.uk blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/pages\/Conference-Call-UK\/178511498997826\" \/>\n<meta property=\"article:published_time\" content=\"2017-12-01T09:55:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-12-03T17:55:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.conferencecall.co.uk\/blog\/wp-content\/uploads\/2017\/12\/Image-of-malaysia-flag-with-blue-cloudy-sky-behind.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"512\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Les Roberts\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@LesRobertsMedia\" \/>\n<meta name=\"twitter:site\" content=\"@ConfCallUK\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Les Roberts\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.conferencecall.co.uk\/blog\/exporting-to-malaysia-everything-you-need-to-know\/\",\"url\":\"https:\/\/www.conferencecall.co.uk\/blog\/exporting-to-malaysia-everything-you-need-to-know\/\",\"name\":\"Exporting to Malaysia | ConferenceCall.co.uk Blog\",\"isPartOf\":{\"@id\":\"https:\/\/www.conferencecall.co.uk\/blog\/#website\"},\"datePublished\":\"2017-12-01T09:55:43+00:00\",\"dateModified\":\"2017-12-03T17:55:22+00:00\",\"author\":{\"@id\":\"https:\/\/www.conferencecall.co.uk\/blog\/#\/schema\/person\/fd51b09e17d75360ba18197c2c1c535b\"},\"description\":\"Trade between the UK and Malaysia is worth around \u00a38 billion, here's everything you need to know about exporting to Malaysia.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.conferencecall.co.uk\/blog\/exporting-to-malaysia-everything-you-need-to-know\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.conferencecall.co.uk\/blog\/exporting-to-malaysia-everything-you-need-to-know\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.conferencecall.co.uk\/blog\/exporting-to-malaysia-everything-you-need-to-know\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.conferencecall.co.uk\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Exporting to Malaysia &#8211; 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