Having a business idea is one of the first things to consider when planning to start a business in Malaysia. You need to have an understanding of the business terrain of Malaysia, starting of a business in Malaysia is not as easy as people talk about it, a lot of foreigners have been frustrated in their quest to establish a business venture in Malaysia.
In this write up we would be looking at the various business ideas you can venture in Malaysia, if you are looking at relocating to Malaysia for the purpose of starting a business or you have been living in Malaysia and looking idea of which business to venture into then you are in the right place because we would be giving you various business idea to start with in Malaysia.
Before we look at the various business ideas in Malaysia, let’s look at factors you need to consider before you venture into any business in Malaysia.
1. The first important factor to doing business in Malaysia is getting the legal permit to do business in the country, the permit would be you obtaining a trade license in the country, this will give you the freedom to do business country.
2. The second thing you need to do is to ensure that all of you employees are legally employed here in Malaysia, before opening your business you should ensure that all of your employees are legally employed here in Malaysia
3.The third factor is your capital and securing a good location to start your business in Malaysia. It is important to find the right space and convince the landlord that you are a worthy tenant.
4.You need to also analyze and evaluate problems that foreigners encounter in the country while doing business
You need to evaluate the problems foreigners encounter when doing business in your country.
Facing the challenges of foreign business, many people always think of new ways to do business. Sadly, there are countless cases where foreigners encounter problems such as language barriers and the difficulty of obtaining permits or licenses for doing business.
5.Your business structure is another important thing you need consider when starting out a business in foreign land.
List of business ideas to start in Malaysia as a foreigner
In the local business world, it is common for a new entrepreneur to have a complicated business structure. Most times it differs from what is found in the home country that is why an entrepreneur has to adopt different business structures in order to get his or her business off the ground.
Salon business is one of fast thriving business you can start in Malaysia
The business of salon is one of the fastest growing businesses in Malaysia. It has its own market in KL & Sepang, Selangor which are the 2 largest cities in Malaysia.
Salon business is one of the fastest growing and one of the most lucrative business in Malaysia. It is a multi-billion dollar industry with many opportunities. To capitalize on this opportunity, we need to understand how it operates and identify its current challenges and opportunities.
Restaurant business is one of the business model you can consider starting in Malaysia. It is a business you can get started with small capital and also as the business grow you can expand it. As you know restaurant business involves food and food business is one of the fastest moving business anywhere in the world, because have to it.
A restaurant in Malaysia can be quite an entrepreneurial undertaking. With over 50% of the population living within 200km of the capital city, it is not surprising that there are restaurants sprouting up all round town. Although most are small family-run establishments, there are some that cater to the over-saturation of Malay food in urban areas.
So starting a food business in Malaysia is a good way to go because you will make a lot of money from it.
Fashion line business
Another business idea you can start with in Malaysia is fashion business that involves selling fashionable unique wears.
Fashion is a part of life, and there are many different types of fashion, ranging from formal wear to casual wear. A lot of people believe that one can buy fashionable clothes at cheap prices for only RM5 each. However, you will find that this concept is not true. Instead, you need to spend significantly more money on buying expensive clothes that will last for years.
As foreigner in Malaysia you can start a clothing line business, all you need to do is to research what kind of wears and fashion choice people make in Malaysia when you are able to know that, all you do is fill the gap by providing nice fashion wears to them.
Laundry and dry cleaning business
Laundry and dry cleaning business is another good business idea you can start with in Malaysia. Laundry and dry cleaning business is a type of business that delivers high quality service at a fraction of the cost. It is a way to earn money in your spare time. You can make money by selling clothes or dry cleaning.
This business is not hard to start with all you need to do is to get a good location where you know there is a lot human traffic and also this business those not require huge capital to start with.
Offer professional service
Offering professional service is another good business model you venture in Malaysia, as such, you should focus on delivering quality services to your customers and organizations.
Once you have a good qualification and certification is areas like engineering, medicine, accounting, commerce and the likes, then you can seek for gainfully employment to offer your service and you will earn money for the service being rendered by you.
Mobile phone and gadget repairs
Starting this business those not require you having huge capital, all you need for this business is for you to have the required skill of fixing and repairing of phones, laptop and other electronic gadgets. T
There are many companies in this market who provide you with software and gadgets to make your life easier. But if you want to start a business then the only thing that you need is the software and its accessories.
his is a business idea you can start with in Malaysia, all you need to do is getting a good location and having your work tools with that you are good to start the business.
In conclusion we have being able to identify few business ideas to start with in Malaysia, any one of these business will surely make you loads of profit in return to the service you offer.
Please leave us a comment below about your thoughts, objections, and contributions.