The rapidly developing region of Malaysia, in Southeast Asia, has long been considered a great place to do business. In fact, just a few years ago, it was ranked within the top ten easiest places to start a company. Not only does this warm, friendly country serve as a gateway to the rest of the continent, but its government is also keen to welcome foreign investors.
There are tax breaks for business owners and several funding schemes designed to help start-up companies get off the ground. Currently, there are no limits on the repatriation of dividends, profits, capital, or royalties. So, if you are looking for a home which is built for success, consider one of the big cities like Kuala Lumpur.
As the capital, Kuala Lumpur is the ideal place for entrepreneurs to experiment with new products and ideas. It is also pretty easy to find office real estate, especially if you keep your options open and consider flexible solutions.
A Good Brand Match
The aim should be to find an office space which is compatible with your brand and the image you want to convey to the market. It should represent your values and let customers know what to expect. When operating in an unfamiliar culture, clarity is more important than ever.
People will equate your base (and its address) with your level of value. With a high-end serviced workspace, you can put your mark on the office. Choose a Servcorp office space for rent, for example, and you have the option to move into a furnished or unfurnished suite.
Opportunities to Mingle
Networking in a new country can be tough at first because it takes time to get used to different ways of speaking, negotiating, and recruiting. The good news is that most people (certainly graduates) in Malaysia already speak English.
If you pick an office location which is central, you will put your business in a good spot for networking and connecting with customers. Serviced offices provide the perfect balance between prestige and functionality. Malaysian investors are less wowed by lavishness than those in others parts of the world, but they do look for a solid foundation.
Negotiable Rates and Terms
Serviced office solutions are a valuable asset because they take much of the pressure off the need to find a perfect home immediately. If you do move into one of these suites and it is not quite right – you need a bigger office or different resources – you can tweak your package. It costs nothing, and there are no hidden fees associated with up or downgrading.
Most serviced providers operate on a rolling, month to month basis. It means that tenants can make the changes that matter when they are really needed. The basics are provided in every corporate package (utility, cleaning, maintenance, and broadband costs). Extras like access to boardrooms, IT support, secretaries, receptionists, and more can be tailored to fit you.
The Right Way to Find a Great Serviced Office
The best places to search for serviced office solutions is in the central areas of the major cities like Kuala Lumpur. There are facilities in the NU Tower 2, the Ilham Tower, and the Menara Citibank. If you need assistance with mail sorting or answering calls, most providers can hook you up with high-end administrative resources.
They are available part time, or you can arrange to take on a full-time secretary. Check out the little details when browsing for a new office. Think about how many parking spaces are nearby, how close it is to transport links, and whether or not visitors will be able to find it quickly. All of these seemingly minor details can make a big impression on customers and investors.