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Best Profitable Business Ideas in Malaysia 2020

11th October 2020

Malaysia is one of the best places to invest, awarded as the best investment country in the world for 2019 & 2020 by CEOworld report. The faster growing economy of Malaysia has attracted many foreign and local investors. Many people who want to start business in Malaysia are confused about – what type of business they should start? To help them decide, this article is going to describe some of the best profitable business ideas in Malaysia for the year 2020.

1. Export-Import
Most of the FDI is coming in Export & Import section. From garments to vegetables every thing is being exported & imported from all around the world. With a good office setup, enough capital, storage & licenses you can also start this business for a better invest in Malaysia. We can help you with setup, papers, licenses, ERC & IRC, customs & other all. We also encourage new entrepreneurs to come into this business for a better ROI.

2. Car wash & Automoblie
In Malaysia most of the people use own private car that’s why car wash & auto service workshops have a good profit scope.  You can do branded car wash franchise as we provide advisory for franchises & to do smart profitable invest with our proven successful client histories.
As Malaysian franchise provider we can help our clients to get franchise car wash stores & do full setup.

3. IT Business
From last many years Malaysia Govt. giving a very good chance for IT Engineers, as Prime Minister Tun Dr. Mahathir bin Mohamad started MDEC in 1996 & Cyberjaya facility boosted it most. We are also encouraging for investment in Hardware, Software & CRM sector. We are providing an A to Z facility for our clients to start IT business including Taxation & other facilities.

4. Departmental store
Departmental store or Kedai Runchit, Pasar Mini, etc are very popular & stable investment in Malaysia. Can start in Minimum invest with small size. But for better profit also can do Franchise Departmental Store, such as 7 eleven, MY 168 MART, etc.
We also have running business for sell in Malaysia to buy & invest with legal papers & security.

5. Construction or real estate business
As a multi cultured, populated country, real estate business is a very profitable business to invest. In Malaysia there are lots of land to develop & lots of clients to pay for construction projects. In Malaysia, the construction or real estate business generated RM 16,656 Million of the GDP in the first quarter of 2019. As we have well experience in Malaysian real estate business sector, we are successfully processing construction company setup for clients.

6. Furniture Factory or Show room
Furniture factory is one of the profitable investment & business in Malaysian manufacturing sector. Under the National Timber Industry Policy, the furniture industry is targeted to contribute RM12billion in exports by 2020. The Government will continue to support the development of the furniture industry in Malaysia through various initiatives to ensure its rapid and sustainable growth. So we suggest our investors to check out furniture show room, dealership & factory in Malaysia. It’s less investment but well profitable business in Malaysia for new or foreign entrepreneurs in Malaysia.

7. Restaurant business
We know that Malaysia is a tourist country. Tourists come to enjoy vacation and ask after setup business and/ or business meeting. Restaurant is one of the the best business in Malaysia if you can start smartly with money. Mostly success of restaurant business depends on choosing location. Business location should be 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.

8. Laundry
Now a days in Malaysia auto Laundry business is a successful business. You may setup business near residence area with working & student class residences.

9. Tourism
Malaysia is a tourism dominated economical country, this leaves tremendous benefits make by investors in the nation’s tourism division. In a good budget can open a tourism business, can build hotel, guest house, home stay, tour guide center with car rental, etc.

10. Oil and gas
Setting up oil, gas & related products business does not need you to be a millionaire. With a couple of thousand dollars, you can be a retailer for different oil and gas items. Retailer for example, kerosene and natural gas.

Few more small business ideas in Malaysia

  • Electricians and refrigerator servicing.
  • Open training center.
  • Gym business.
  • Bar & Pub business.
  • Gents and ladies parlor.
  • Property rent and sale agent.
  • Pet store.
  • Chinese, Malay and Indian traditional food item.
  • Printing, card, signboard & stamp business.

 

Looking for Prime and Tenanted Commercial Properties to buy or rent?
Kindly contact Commercial Properties Expert Team at Jasun, Probationary Estate Agent @ 019-9999127.

 

 

Source: mbbusinessjoint.com/bizblog/best-profitable-business-ideas-in-malaysia-2020

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