Outsourcing to Malaysia especially gives you a huge hand up in your operations. Malaysia is a cheap partner and you get more bang for your buck with this large English speaking workforce.
Malaysia also is know to have vital resources to drastically increase productivity. A special advantage, is that Malaysia has a huge technology base which can advance and direct your business into a bright future minus the huge price tag. Malaysia has a huge product chain tied to multiple industries including healthcare, technology, and oil and gas. Malaysia’s services are more advanced than several other countries.
Why Outsourcing to Malaysia?
Starting out in business, it’s easy to get bogged down with day-to-day tasks. However, when you’re running a successful operation, there are plenty of things that you can outsource to someone else in order to save yourself time and money. Outsourcing to Malaysia can be an excellent choice if you find yourself overloaded with work but don’t have the time or money to hire new employees or move your operations overseas.
There are some cons that come with this as well. Outsourcing to Malaysia, can cause problems such as time related issues, which can cause your product to be developed late, as well as being placed at a lower priority position on the third-party’s list. Malaysia outsources to thousands of companies, so your business may get prioritized behind larger corporations which can be a problem if you need your services to be taken care very quickly. Western standards of security and privacy are also potential challenges in this part of the world. Political factors can also have a dramatic impact on your experience. Your business can either flourish or wilt due to the system of outsourcing to Malaysia.
Affordable, high-quality goods and services
There are a variety of reasons why outsourcing business practice is beneficial. For starters, you receive high-quality goods and services for an affordable price—but that’s not all. Your customers benefit from a vast pool of talented people who are hungry for work. Plus, with so many companies moving to countries like Malaysia, your competition is lower than ever before.
Tax Benefits of Outsourcing To Malaysia
Malaysia allows 100% foreign ownership. There is no tax on dividends. There is no restriction on remittances by foreign employees Income from qualifying service income can be exempted from corporate tax. You are allowed to carry forward losses for up to 10 years Corporate income tax (CIT) and individual income tax (IT) are separate taxes. Resident individuals have special incentives for education, research and development expenses, regional headquarters expenses, donations, etc.
Malaysia Time zone advantage
Malaysia is on GMT +8, which means they have some overlap time with North America and Europe. You can work with your team in Kuala Lumpur from London or New York. Wherever you are, we’re working with your schedule. Your business will be operating 24/7, allowing you to reach more clients across many time zones.
