10 reason why you should invest in Greater KL 01 Strategic Location 01. STRATEGIC LOCATION Central Location with Global Connectivity Whether firms are looking to break into the domestic market of 30 million people or the prosperity promised by the Asian region, Greater KL provides a central location with global connectivity. 6 - 8 Hour Flight Radius to Asia’s Key Business Centres Including Bangalore, Beijing, Dubai, Hong Kong, Seoul, Sydney, Shanghai, Taipei and Tokyo Benefit from Malaysia's Strong Ties and Trade Links Investors can benefit from Malaysia’s strong ties and trade links with the world’s most vibrant nations. In 2013, the country recorded RM1.37 trillion in trade, counting South Korea, China, ASEAN, the EU and the UAE as some of its largest trading partners. It has also established free trade agreements (FTAs), either individually or through ASEAN, with: 02 Business Friendly 02. BUSINESS FRIENDLY Highly Ranked The World Bank’s Doing Business 2014 report ranked Malaysia 6th out of 189 countries, topping developed economies such as South Korea, the UK, Australia and Japan. The country was also rated strongly for: Getting Credit 1 Protecting Investors 2 Starting A Business 3 Government Support The Government Transformation Programme (GTP) and Economic Transformation Programme (ETP), comprising key public sector reforms and a private sector-driven agenda to lead Malaysia to high-income and developed nation status, demonstrate the government’s commitment and support for commercial activity. 03 Political Stability 03. POLITICAL STABILITY Stable Government Malaysia has enjoyed a politically stable environment in the close to 60 years of its independence, led by a democratically-elected government. Accommodative Policies Investors can also rest assured of stability in policy, through which the government has created an environment that is conducive for business and investment. 04 Wealth of Opportunity 04. WEALTH OF OPPORTUNITY Focused Growth The ETP has created a wealth of economic opportunity in Greater KL, resulting from the government's focus on 12 National Key Economic Areas (NKEAs) to drive growth. Encouraging Foreign Investment Among initiatives of the Greater Kuala Lumpur/Klang Valley region, which has also been designated as an NKEA, is to attract 10 MNCs a year to establish operations in the region, facilitating foreign direct investment. Investors are encouraged to leverage on the 12 key economic areas that have been identified by the national government as these viable sectors provide high growth and endless potential for businesses.” 05 Incentives 05. INCENTIVES Broad-based Measures Organisations coming to Greater KL can take advantage of a slew of incentives provided by the government to encourage private sector and foreign investor participation in the economy. These generally range from grants, funds, tax incentives and expatriate employment incentives. Specific Incentives Incentives are also targeted through specific initiatives such as Operational Headquarters (OHQ), International Procurement Centres/Regional Distribution Centres , Global Shared Services/Regional Shared Services and sector incentives including but not limited to: Biotechnology Halal Business Manufacturing Services Agriculture Information and communications technology (ICT) Labuan International Business & Financial Centre (Labuan IBFC) 06 Infrastructure 06. INFRASTRUCTURE Transportation Infrastructure Availability of extensive road and rail networks, along with shipping ports and air cargo terminals. Telecommunications Infrastructure The country is also equipped with advanced telecommunications infrastructure including mobile, Wi-Fi and high-speed broadband services. 07 Availability of Talent 07. AVAILABILITY OF TALENT Educated Workforce School-leavers have at least 11 years of basic education, with many moving on to university locally and abroad. In addition to a high proficiency in English, many Malaysian workers are conversant in Bahasa Malaysia and Bahasa Indonesia, Hindi and Tamil, as well as various Chinese dialects. Proficiency in Multilanguage In addition to a high proficiency in English, many Malaysian workers are conversant in Bahasa Malaysia and Bahasa Indonesia, Hindi and Tamil, as well as various Chinese dialects. Productive Workforce The World Economic Forum ranked Malaysia 2nd in terms of its pay-to-productivity ratio in the Global Competitiveness Report 2013-2014. 08 Competitive Business Costs 08. COMPETITIVE BUSINESS COST Lower Rental According to Knight Frank Research, the average monthly rental for office space in the Kuala Lumpur city centre was just US$16 per square metre (US$/sqm) in the first quarter of 2014, compared with US$83.5/sqm in Singapore, US$37.4/sqm in Melbourne, US$166.3/sqm in Hong Kong and US$44.4/sqm in Shanghai. Competitive Salaries Average annual salaries of employees in the country remain lower than that of its neighbours: Petroleum engineers at the manager level earning an average of around RM300,000 (US$92,329) a year compared to SG$250,000 (US$200,279) in Singapore and CNY400,000 (US$64,260) in China, while finance directors/chief financial officers of multinationals earn an average annual salary of RM420,000 (US$129,30), against up to HK$3 million (US$386,998) in Hong Kong and up to CNY2.5 million (US$401,634) in China. Comparative Tax Rate In 2013, total corporate tax in Malaysia amounted to 25% in 2013, compared to 30% in Australia, 34% in Brazil, 33.99% in India, 38.01% in Japan, 30% in the Philippines and 40% in the US. 09 Robust Legal Framework 09. ROBUST LEGAL FRAMEWORK Established Judicial System Malaysia benefits from an established judicial system that provides robust legal protection for companies. Greater KL is also home to the Kuala Lumpur Regional Centre for Arbitration, which provides settlement for trade, commerce and investment disputes within the region. Strong Investor Protection The World Bank’s se include in the areas of investor protection as well as intellectual property (IP) protection, affirmed by the World Bank’s Doing Business 2014 investor protection index, which ranked the country 4th for its investor protection policies. 10 Liveability 10. LIVEABILITY Availability of Housing and Amenities Greater KL’s lush, tropical setting makes it an inspiring place to live, work and play. The scenic surrounds are complemented by an abundance of choice for housing and world-class facilities such as international schools, healthcare/medical centres. Ease of Getting Around Public transport network including light rail, monorail and by 2016, the Mass Rapid Transit (MRT) system, make getting around quick and easy. Ranked by Mercer in the 2012 Cost of Living report as one of the world’s least expensive cities to live in. Affordable Living Ranked by Mercer in the 2012 Cost of Living report as one of the world’s least expensive cities to live in.