Doing Business in Malaysia VS Greece

Doing Business in Malaysia VS Greece – A Comparison

Entrepreneurs and global investors often compare starting a business in Malaysia and Greece as part of their international expansion strategy. Malaysia attracts businesses with its affordable setup costs, business-friendly regulations, and access to ASEAN markets. Greece, located at the crossroads of Europe, Asia, and Africa, has been improving its ease of doing business and serves as a gateway to the EU and Balkan regions.

 

Key Comparison Points

Business Environment

• Malaysia: Malaysia provides a stable and investment-friendly environment with government incentives for company incorporation in Malaysia.
• Greece: Greece continues to implement structural reforms to improve its business climate. While progress has been made, businesses may still face bureaucratic hurdles during setup and operation.

Taxation

• Malaysia: The corporate tax rate is 24%, with incentives for eligible industries through company incorporation services.
• Greece: Greece has a corporate tax rate of 22%. Additional local and solidarity taxes may apply, depending on income brackets and activity sectors.

Ease of Company Incorporation

• Malaysia: Company setup in Malaysia is fast, digital, and handled by the Companies Commission of Malaysia (SSM).
• Greece: Businesses in Greece register through the General Commercial Registry (GEMI). The process typically involves notarized documentation and in-person verification, which can lengthen the timeline.

Cost of Living and Business Operations

• Malaysia: Setting up businesses in Malaysia is cost-effective, especially for startups and SMEs, thanks to lower rents, utilities, and labor costs.
• Greece: Greece has a higher cost of living, particularly in Athens, but operational costs can be competitive in regional cities. Sectors like tourism and shipping are strong contributors to its economy.

Access to Markets

• Malaysia: Malaysia is part of ASEAN and benefits from international trade agreements like RCEP and CPTPP. Companies enjoy market access across Asia-Pacific, supported by 3E Accounting.
• Greece: Greece offers businesses access to the EU single market and benefits from free trade agreements under the European Union framework. Its strategic location also links it to North Africa and the Middle East.

Quick Comparison Overview

Here’s a quick overview of the key differences for easy reference.

Factor	Malaysia	Greece
Business Environment	Stable and pro-investment with government support	Improving regulatory structure; some red tape remains
Corporate Tax Rate	24%	22%
Capital Gains Tax	Applies in most cases	Applies based on asset type and income
Ease of Incorporation	Fast, digital via SSM	Slower process via GEMI, often requires notarization
Business Costs	Low cost of operations	Moderate to high, depending on sector and location
Market Access	ASEAN, RCEP, CPTPP	European Union, Balkans, Middle East

Benefits of Choosing 3E Accounting

Selecting the right partner is crucial when it comes to starting a business in Malaysia. At 3E Accounting, we offer a comprehensive range of solutions designed to simplify the entire process of company incorporation in Malaysia. From ensuring compliance with local regulations to providing expert guidance tailored to your specific needs, we make the journey seamless.

For entrepreneurs looking to navigate Malaysia company registration or explore company setup in Malaysia, our team provides unmatched expertise and support. Additionally, our company incorporation services are tailored to help you succeed in the competitive business environment.

With a deep understanding of the region’s business landscape, we also provide resources for setting up businesses in Malaysia, ensuring that every step is clear and efficient. Whether you need assistance with corporate secretarial or company secretary services, we are here to help.

To explore our services or discuss your business needs, contact 3E Accounting. With our strong presence in Malaysia and a proven track record, we are your trusted partner for success in Asia.

 

Frequently Asked Questions

Is it easier to start a business in Malaysia or Greece?

Answer: Malaysia offers a faster and more digitized process for starting a business in Malaysia, while Greece requires notarized documents and multiple local filings.

Where can I find a guide to Malaysia company registration?

Answer: This Malaysia company registration guide outlines all the steps and legal requirements for entrepreneurs.

How does company incorporation in Malaysia compare with Greece?

Answer: Company incorporation in Malaysia is streamlined via SSM, while Greece uses the General Commercial Registry (GEMI) and often requires in-person verification and notarized paperwork.

Can I hire professionals to help with business setup in Malaysia?

Answer: Yes. 3E Accounting offers comprehensive company incorporation services tailored for both local and foreign businesses.

Is Malaysia more cost-effective than Greece for operating a business?

Answer: Setting up businesses in Malaysia generally costs less, especially for SMEs, while Greece may offer sector-specific advantages in tourism and shipping.

What services does 3E Accounting offer for company owners?

Answer: Our services include company setup in Malaysia, tax advisory, accounting, and corporate secretarial compliance.

Do I need to appoint a company secretary in Malaysia?

Answer: Yes. It is mandatory to appoint a licensed secretary for all Sdn Bhd companies. You can engage company secretary services from 3E Accounting.

How do I get in touch with 3E Accounting to begin the process?

Answer: You can contact 3E Accounting directly to schedule a consultation and receive tailored advice on business incorporation in Malaysia.