Kuala Lumpur is the largest city and national capital of Malaysia. Located in the Malaysian state of Selangor, Kuala Lumpur is one of the fastest growing metros in Asia in terms of population and economic development. The city is renowned for being a preferred tourist destination, and a comfortable place to live owing to its affordable cost of living, world-class healthcare and well-connected transport system. Apart from that, Kuala Lumpur and its surrounding urban areas are highly industrialized and modern. Kuala Lumpur sports the tallest twin towers in the world, the Petronas Towers. It is well connected to the rest of the world through its international airport and has an extensive network of roads and railways. The primary industries in Kuala Lumpur are tourism, retail and finance, and many global multinationals have their offices here.
Kuala Lumpur is especially developed when it comes to finance and banking. Many local and foreign banks and insurance companies are centred here. In addition, the city is also known for its education centres and healthcare services. Kuala Lumpur is also a shoppers’ paradise as it abounds in sprawling malls. As such, this city offers a remarkable business environment in tandem with a luxurious standard of living.
Benefits of Setting Up a Business in Kuala Lumpur
You should choose to start a company in Kuala Lumpur for the following reasons:
The economy of Malaysia is stable and is set to grow tremendously in the coming years. Kuala Lumpur lies at the heart of Malaysia’s economic development.
The workforce in the city is skilled and it is common to find English-speaking populace.
Infrastructurally, Kuala Lumpur is at par with any developed country, having an excellent road and rail network.
Kuala Lumpur is industrially diverse, and as such there are ample opportunities for entrepreneurs to start/expand their business in its progressive environment.
Services
We provide the following services for business setup in Kuala Lumpur:
Company incorporation and registration
Tax consulting
Company secretarial services
Legal consulting
Why Us?
Business Setup Worldwide is a platform to help you expand your company internationally. From incorporation, registration and licensing to legal counselling, we facilitate the formation of your business through thick and thin. Kuala Lumpur is a multicultural city that offers ample scope for business growth and development. Our approach to company formation is centred around your business vision and objectives. We can help you out with the legal and business formalities of company formation in Kuala Lumpur, replete with the most appropriate corporate and income tax structure setup, to usher in a growth story for your business.
What are the profitable business sectors in Kuala Lumpur?
The profitable business sectors in Kuala Lumpur are,TourismFashion businessAuto service and car washLeasing businessReal estate businessConstruction businessRubber plantationE-commerce store
Why do startups prefer Kuala Lumpur?
Startups prefer Kuala Lumpur as an ideal location because of its high quality of living, fast-tracked visa, startup incubation, and robust government support.
Is Kuala Lumpur an ideal place for starting a business?
Yes, Kuala Lumpur is an ideal place for starting a business.
Do we need a business license in Malaysia?
Yes, having a valid business license is essential for starting a business in Malaysia.
List out a few licenses in Malaysia.
The following are the types of business licenses in Kuala LumpurGeneral licensesSector/industry-specific licensesActivity specific licenses