Malaysia is a Southeast Asia nation and founder member of the ASEAN. Its territory is divided into two regions by the South China Sea. Malaysia’s Peninsular is located in the Malay peninsula and is bordered to the north by Thailand and to the south by Singapore. East Malaysia is located in the northern part of Borneo and is bordered to the south by Indonesia and to the north by Brunei. It has a population of 30 million inhabitants. Its capital and most populated city is Kuala Lumpur, with 2 million people and more than 7 million in the whole metropolitan area. Its official language is the Malay, although, as a former British colony, English is widely spoken, and around 30% of its population is from Chinese origin. Besides Tamil and other 7 regional languages. Its official currency is the Malaysian Ringgit (MYR).
Malaysia’s economy is the fourth largest of Southeast Asia, and the third on per capita income, after Singapore and Brunei. Malaysia has large reserves of natural resources as tin, petroleum and to a lesser extent natural gas. While, natural rubber, palm oil, cocoa, pepper, pineapple, timber and tobacco are its most exported agricultural and forestry products. Regarding the industrial sector, Malaysia exports high technology products in areas such as electronics, automotive and construction. Tourism, both domestic and international, plays an important role in the economy, with an average of 25-30 million international visitors per year.
The financial sector in Malaysia is considerably large, and mostly concentrated at Kuala Lumpur, and also at the Labuan International Business and Financial Centre, located in the Federal Territory of Labuan. This special economic zone houses more than three hundred financial institutions and thousands of international companies, which benefits from an advantageous tax regime (3% on profits or a RM20,000 flat fee, in addition of several tax exemptions) and business-friendly policies.
Flag Theory is a strategic internationalization process, aiming at diversifying your personal finances and business, to increase your freedom, privacy and wealth. Below, you can find why and how to set up a company in Malaysia and Labuan, banking options and investment opportunities, and how to get residency and citizenship in this Southeast Asia nation.
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