|Local Time (LIVE):||6:18 AM|
|Local Currency:||$1 = RM4.07|
|Business Language(s):||Malaysian (Malay) and English|
|Tax Year Dates:||1st January – 31st December|
Thanks to its sizeable population, robust economy and proximity to Singapore, Malaysia is a popular country to expand into. Many businesses choose to expand their operations to Malaysia because of its low operation costs, and thanks to its multilingual residents, it makes for an easy transition.
That’s not to say expanding to Malaysia is without its difficulties. Despite many Malaysians speaking English, legal compliance and the logistics of expansion can disrupt your processes.
To make sure your employees are paid correctly and on time, you need an international payroll and HR expert by your side. Fortunately, IRIS FMP have a wealth of experience when it comes to international payroll and HR.
We understand a smooth transition can be difficult when you’re trying to maintain regulatory compliance and get your head around new administrative procedures. Get in touch today and discover how we can help.
Details correct at time of publication. You should not rely on these details without first seeking professional international advice.