Malaysia is a great destination to invest among southeast Asian nations. The vibrant economy of Malaysia has attracted many foreign and local entrepreneurs. Many people who are looking for ideas to set up a small business in Malaysia, often seems to get confused about several aspects. For instance, what type of business they should begin with? or, how is the demand of a particular business in Malaysia etc. To deal with those queries, this article schemed out some of the popular and profitable small business ideas in Malaysia.
List of small business ideas in Malaysia
Here is a list of preferred small business ideas that you can easily start in Malaysia.
- Restaurant business
- Child care
- Coffee shop
- Travel Agency
- Fashion company
- Foods and Snacks corner
- Micro-finance services
- Petroleum business
- Internet business
- Professional services
- Smartphone and PC repair
- Real estate materials retailers
We know that Malaysia being tourist country many foreign tourists visit every year. Tourist visit to enjoy vacation and ask after setup business and/ or business meeting. Restaurant is the best business in Malaysia if you may start smartly. Our suggestion is select location where restaurant will be taking place. Business location should be inside or near crowd area, beside school, market, shopping mall, Condo & office area. To reminder, you have to take permission of business license from SSM and Halal. You may hire multiple language knowledgeable staffs to serve customers.
It is noticeable that taking care of child is responsible whether father or mother but most of the family both of them are service holder. Who will take care of child? To keep that in mind, child care turned out to be a good business in Malaysia. When considering business ideas at a limited spectrum, this is relatively a clever concept that can inspire the small business investors to begin with in Malaysia.
Another business that can be run in a brief scale in Malaysia is the Laundry business. So far it seems to be a successful in this nation and has good demands. You may setup business near residence area where demand for laundry is the most.
Coffee shop is another good business in Malaysia. You may open small shop near crowd area, commercial area and shopping mall.
Since Malaysia is a business center, many individuals visit for business purposes. This adds up to opportunities to open doors for travel organizations. And organizations that offer services for travelers indirect or directly. Along these lines, in the event that you are hoping to start a business in Malaysia. it brings idea to begin with travel agency. It requires low capital, it’s anything but difficult to begin, and the profits are immense. This is a common small business idea in Malaysia.
Malaysia plays host to a few a huge number of guests consistently. This leaves tremendous benefits make by investors in the nation’s tourism division. If the investor has prepared a big budget for opening a tourism business, they may build resorts or hotel. And offer their services to the tourist to invest again. Independent companies can likewise tap from the segment by offering products, services. And administrations that will help tourist as well. Along these lines, regardless of whether your financial plan is enormous or little. It can simply bring profit in Malaysia’s tourism division. It’s another small business idea that you can start and generate revenue.
Malaysians, similar to each other individuals, loves fashion. They indicate awesome and it helps them express what their personality is. In spite of the fact there are many form outlets spread everywhere throughout the nation. There is enough space for new investors to make profit Malaysia. If by any chance investors pay interest in opening a fashion retail store, it is the best to sell local design. As so, it is advisable to do a research if you are not a native of Malaysia.
Foods and Snacks corner
Considering small business ideas in Malaysia, Food and snacks sell off pretty good in this country. This means that there are enormous open doors for organizations. It is open who show interest in selling fast foods or snacks such as yogurt, ice cream or cakes. Beginning a nourishment business is simple and requires minimal capital. In this way, you will earn profit from this business whether local or foreigner.
Check out the list of major food companies in Malaysia.
New organizations, particularly private companies are springing up day by day in Malaysia. Furthermore, to continue operating in the long run, these organizations need financing. That aid can get from micro-finance banks or finance institutes. Along these lines, micro-finance business is definitely a good opportunity for businesses. If you have the capital needed to open these types of services, you may start operating this business. Anyway, collect an experience in banking and finance before starting the business.
Daily usage items produced from oil and gas sells out well in Malaysia. Also, setting up this business does not need you to be a millionaire. In fact, it only requires a few thousand dollars to begin this business. With a couple of thousand dollars, you can be a retailer for different oil and gas items. Retailer for example, kerosene and natural gas. What’s more is that, if you have a big capital, you may set up a filling gas station that will give you a huge revenue.
Many people are getting peace to accessible in online business now a day. Most of students of undergrads and graduates are doing different online businesses. For example, of business are web architecture, independent writer and professional blogging.
Many new independent ventures developing every single day. All organizations need the expertise bookkeepers, Engineers etc. to handle jobs. Whereas household demands are for workers such as painter, carpenter, woodworkers, plumbers etc. Expertise guy can set up this business service and start earning profits. As a founder of company at a small scale, you may start it if you are skilled with building tools and household utensils.
Smart phone and PC repair
Almost everyone in this entire world contains a smart phone and a computer. This shows that the opportunity for business in fixing devices is huge. Individuals would prefer to repair their devices rather than discard after damaged. If you have a talent or experience for fixing gadgets, here’s a brilliant open door for you to make profit. Therefore, this can easily be a good small business idea in Malaysia.
Real estate materials retailers
Another great small business can be all round real estate sector. Real estate business itself may ask for a huge capital, but retailing raw materials for such sector is way more convenient to start with. Moreover, the business turnout supposes to be impressive in this country, where infrastructure developments are highly prioritized. Such retail business usually evolves around construction raw materials ranging from bricks, sands, rods, woods steel etc. to heavier machineries and building safety tools and utilities.
Other types of businesses in Malaysia
- Electricians and refrigerator engineers supply.
- Open super shop near busy place or inside of mall area.
- Open fitness training center.
- Gym and bar business.
- Fruit and coffee shop.
- Gents and lady’s parlor.
- Property rent and sale agent.
- Pet foods business.
- Intercontinental food trades.
- Printing, card, signboard & chop business.
Can foreigner open a small business in Malaysia?
Yes! foreigners are allowed to start both small and large size venture in Malaysia.
How can a foreigner start a small business in Malaysia?
As foreigner you should follow the Steps below to register a company in Malaysia:
- Company name approval.
- Registering the business governed by SSM.
- Hiring company secretary.
- Collect business license, signboard license, WRT license and Halal license.
- Arrange premises agreements.
- SOCSO and EPF.
- Export/ import license (if required)
- ESD registration and visa application.
Who is the responsible government body to register a company in Malaysia?
Malaysia Company Commission is better known as Suruhanjaya Syarikat Malaysia (SSM) is the responsible government body to register a company in Malaysia.
What are some most successful businesses?
Malaysian most profitable small businesses are:
- Tourism business
- Catering Services
- IT Business
- Business Consulting
- Cleaning Services
What business is best to start in Malaysia?
There are lots of good business in Malaysia where you can invest. Some of the popular business are: restaurant business, real-estate business, coffee shop, manufacturing industry etc.
Tips will help you to start a business:
For entrepreneur’s in Malaysia:
Topics you might find useful for registering a business: