As neighbouring growth economies strategically located in the heart of Southeast Asia, Singapore and Malaysia have often competed with one another to attract business and investment. Certainly, when it comes to deciding where you should set up your business, Singapore and Malaysia each have their own distinctive strengths, which could potentially be beneficial, depending on your industry and business activities.
Recognised early on by financial analysts as rising stars in the Asian region, Hong Kong and Singapore have been largely successful in attracting foreign investment, with open government policies, good infrastructure and competitive tax rates. Depending on your company’s needs and the nature of your business, there would be different factors that you may wish to consider. In this article, we examine the key considerations of tax obligations, facilities and infrastructure, overall political climate, workforce and pro-business advantages that will be essential knowledge for potential investors.