In 2014, the World Bank ranked Malaysia as the sixth easiest place in the world to start a business. It is one of a number of Asian countries which have become very popular with foreign investors and entrepreneurs over the last five years.
Not only is this friendly region a great gateway to the rest of the continent, there are all kinds of systems in place to make relocation easy. For example, a Malaysian business can sponsor a visa for its director if the share capital is over RM 500,000. Plus, there are no restrictions on the repatriation of capital, royalties, dividends, or profits.
If you are considering a move to Malaysia, the first thing you need to do is find a suitable office. Keep reading to find out what you should be looking for in a workspace.
Your office should reflect the values which are important to the business. It should say something about who you are and what consumers should expect from you. Everything from the physical address to the décor, size, and floorplan are representative of what you believe in. So, make sure that they convey the right message.
With a serviced office, like the ones featured on www.servcorp.com.my/, you have the opportunity to put your stamp on the workspace because there are fewer risks and costs to occupy your time. You don’t have to worry about cleaning, heating, lighting, or other basis logistical expenses. It means that you can invest more time and effort in building your brand.
Chances for Networking
If you’re new to a country and its culture, the best way to learn is to start talking to people. This will allow you to get a feel for the locals and understand what they’re like to do business with. You should also be meeting young graduates and professionals so that you can get to grips with their needs. These are the people that you’ll likely be hiring one day.
Your office should be close to transport links so that employees can make it on time. It shouldn’t be too flashy or ostentatious, though; most Malaysian people aren’t impressed by money. Look for a serviced facility which contains co-working environments. Here, you can chat, ask questions, and network with people who have the connections you need.
Flexible Rates and Terms
Serviced office solutions are often the best step for young companies because they take the pressure off the need to find a permanent home. It is okay if you don’t know the answers right away, particularly when it comes to where you should be based. The beauty of serviced workspaces is that they have flexible terms. They are there for as long or as little as you need.
Most offer fully furnished offices on a rolling (month to month) basis so that you can make the changes that matter when they matter. For a fixed rate flat fee, you’ll get to move into a corporate suite with a host of valuable resources. They start with the basics HVAC, furniture, and IT maintenance to more specialist tools like presentation equipment and boardrooms.
How to Find a Great Serviced Office in Malaysia
The places where you need to look for serviced office solutions are the major corporate and financial districts. In Kuala Lumpur, for example, there are a number of impressive serviced suites located in the NU Tower, the Menara Citibank Building, and the Ilham Tower. These are prestigious addresses and, if you claim them for your own, investors will come running. At the same time, you’ll save on costs, because you’re only paying a single fee each month.