Are you trying to find a location in Asia to launch your startup? Read on why you should choose Malaysia as your next startup launchpad.
There comes a time when you’re seriously considering of expanding your startup or business in Asia. If you find this article, it’s no accident because your business is destined to be expanded into this region via Malaysia. Here are five of the reasons why.
Like most successful business leaders say – location, location, location. That’s what Malaysia has to offer, a great location for your startup. Malaysia is located in the heart of South East Asia . The population of Malaysia is approximately 30 million, while the population of South East Asia is about xx million. Malaysia is well connected to any country within the region, for instance Beijing is just 6 hours of flight away from Kuala Lumpur. Malaysia can also be a perfect launchpad if you plan to expand your startup in Asia.
Need a good “hardware” for your business? Malaysia has it too. If you don’t already know, Malaysia has been producing many of the world electronics since the late 1980’s. The internet broadband is relatively fast and affordable. Cities are well connected with expressways and modern airports. A Silicon Valley-like city called Cyberjaya that is located 35km South of Kuala Lumpur is already home to many multinational companies such as IBM, Dell, HP, HSBC, DHL, AMD and BMW.
If you run a startup, you need to make sure that your cash flow is healthy and you’re not burning too much cash. Malaysia can help you with that due to relatively low cost of living. A well-furnished apartment (some with swimming pool and gym) around a nice neighbourhood in Kuala Lumpur will only cost you around US$400-500 per month. If you’re willing to pay more, you can opt for better facilities and even classier neighbourhood. Public transportation is well developed within the city limits of Kuala Lumpur and will cost you less than US$1 per ride.
People and Talents
Malaysia is also home to one of the best mixed of talent pools in the region. Due to its multicultural background, most Malaysians are able to speak at least two languages and up to 3-4 different languages and dialects. In general, many Malaysians are fluent in English since they are exposed to the language since little, and many TV programmes are in English and not to mention Malaysia was once under British rule. Malaysians are also friendly and a bulk of the educated groups have spent their time studying in Western countries. If you need to hire a local, it will cost three times less than in Singapore!
Balance of East and West
If you’ve been to Malaysia and particularly Kuala Lumpur, you’ll find yourself in a mixed of Asian and Western world. There are mosques, churches and temples standing side-by-side, plenty of street food places, night markets, modern shopping malls, supermarkets with a lot of imported products from the West and other Western attributes which you are accustomed to.
These are just some of the reasons why you should consider Malaysia as your next startup hub. If you wish to know more or want to get started, please feel free to get in touch with me!