What are the most successful small businesses in Malaysia?

Published by Anaya Cole on

What are the most successful small businesses in Malaysia?

Top business opportunities in Malaysia

  • Tourism. Given that tourism is a major contributor to the GDP of Malaysia, it is one of the most profitable businesses to start in Malaysia.
  • Fashion business.
  • Auto service and car wash.
  • Leasing business.
  • Real estate business.
  • Construction business.
  • Rubber plantation.
  • E-commerce store.

How much does it cost to start a business in Malaysia?

Comparison of costs between sole proprietorship / partnership and Sdn Bhd

Business entities Registration fee
Sole proprietorship / partnership – RM60 for registration using a trade name – RM30 for registration using your personal name as stated on the IC
Sdn Bhd RM1,000 for company incorporation

What business can do in Malaysia 2021?


  • Export-Import. Most of the FDI is coming in the Export & Import section.
  • Car wash & Automobile.
  • IT Business.
  • Departmental store.
  • Construction or real estate business.
  • Laundry.
  • Tourism.
  • Cleaning.

How can I open a small shop in Malaysia?

What Are the Steps to Start a Business?

  1. Decide the business type.
  2. Name your business.
  3. Scout for a business premise.
  4. Registered office address.
  5. Prepare the incorporation documents.
  6. Incorporate your company.
  7. Pay registration fees.
  8. Issuance of a Certificate of Registration.

What Businesses Can I start with 50K?

What Business Can I Start With 50K In Nigeria?

  • Noodle Stand. Starting a noodle stand is a business that is quite profitable in many parts of Nigeria.
  • Soap Production.
  • Perfume Oil Sales.
  • Thrift Shop.
  • Popcorn Production Business.
  • Mini-Importation Business.
  • Become A Used-Car Seller.
  • Start A Printing/Branding Business.

How can I make RM 10000 per month?

Simplistically, there are only 3 steps to it.

  1. Step 1: Work until you earn RM2.4 million.
  2. Step 2: Put it somewhere that gives you 5% annually.
  3. Step 3: Collect RM10,000 per month in passive income.

How do I start a startup in Malaysia?

9 Key Steps to Setting Up Business in Malaysia

  1. #1. Seek Local Professionals & Advice.
  2. #2. Determine Industry Specific Licences & Requirements.
  3. #3. Open a Bank Account.
  4. #4. Incorporate a Company / Business Entity.
  5. #5. Secure a Business Address & Premises.
  6. #6. Secure Immigration Permits & Visas (Only if applicable)
  7. #7.
  8. #8.

How to start a clean water business in Malaysia?

Cleanliness is the basic right of everyone; if you want to do something for community, then you can start your business as clean and mineral water provider in Malaysia. The best way to start as a clean water supplier is to buy a franchise of some already working clean water companies.

What is the best business idea to start in Malaysia?

Clean water in Malaysia is the basic necessity of every individual. If you want to open a business that is beneficial for you and others as well, then this is best business idea to start with. There is enough of water on this planet earth for everyone. Yet, cleanliness of the water is the main issue due to which a lot of people die every year.

How to set up a business in Malaysia as a foreigner?

Foreign investors can setup a sole proprietorship or partnerships in Malaysia with the condition that they have permanent residency (“PR”) in Malaysia.Apart from the options above, foreign investors can also choose to register their business as either the private limited company , or a Labuan company, or a representative office.

Can I start a company in Malaysia without a local director?

No one in Malaysia can start a company without atleast one local director. This director doesn’t need to participate in any business dealing. He/she acts as an anchor between the foreign company and the local financial institutions and banks.

Categories: FAQ