Malaysia has a favorable business climate and has a high degree of openness toward foreign investments. While some business sectors are closed to foreign entrepreneurs, the country encourages certain other industries through significant incentives. Our lawyers in Malaysia describe the tax incentives programme. 

Malaysia’s Second Minister for Finance recently stated that the Government wishes to introduce targeted tax breaks in certain industries. The change would apply starting with this year and it would favor small and medium sized businesses. The goal is to help promote a number of key industries.