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Doing Business in Malaysia

home > investor info > doing business in malaysia

 

Introduction

The objective of this section is to enable investors to make a preliminary assessment of the major costs involved in doing business in Malaysia. Investors who require more specific details can contact MIDA headquarters in Kuala Lumpur or the nearest MIDA overseas state offices or further advice and assistance.

 

One Ringgit Malaysia (RM) is divided into 100 sen. The Ringgit was pegged at US$1 to RM3.80 on 2 September 1998 by Malaysia's central bank, Bank Negara Malaysia. However, on 21 July 2005 the Ringgit was unpegged from the US$ and switched to a managed-float system against a basket of key foreign currencies.

 

In this section, costs quoted in US Dollar are conversions based on US$1 = RM3.5445. To view exchange rates of the major foreign currencies, please visit the Bank Negara Malaysia's website.

 

 

Base lending rates:

Commercial banks - 6.72% (as at 31st December 2006)
Finance companies - 7.03% (as at 31st December 2005)
Source: Bank Negara Malaysia

NB: Although every effort has been made to verify the accuracy of the information contained in this section, MIDA will not be held responsible for any damage or loss suffered by any person or company arising from the use of this information.

 

 

Costs of Doing Business

The objective of this section is to enable investors to make a preliminary assessment of the major costs involved in doing business in Malaysia. Investors who require more specific details can contact MIDA headquarters in Kuala Lumpur or the nearest MIDA overseas or state offices for further advice and assistance.

One Ringgit Malaysia (RM) is divided into 100 sen. The Ringgit was pegged at US$1 to RM3.80 on 2 September 1998 by Malaysia's central bank, Bank Negara Malaysia. However, on 21 July 2005 the Ringgit was unpegged from the US$ and switched to a managed-float system against a basket of key foreign currencies.

 

• - Starting a business
  - Taxation
  - Human Resource
  - Utilities
  - Transportation Costs
  - Living in Malaysia
  - Useful Contacts

 

For more information, please visit Malaysian Industrial Development Authority