Learn more about how to start a business / company in Malaysia and how to operate it properly under the laws of Malaysia. If you're starting up new, the articles are very useful for new business owners too.
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Malaysia has the potential to become the hub for e-commerce and digital services. It is already home to data centres from big global companies such as Alibaba Cloud, Google and Amazon Web. The data centre industry is anticipated to reach USD800 million by 2025.
In Malaysia, data centres are driving the new data economy, on pace to be a data centre leader in Southeast Asia. Boosted connectivity, easily accessible and inexpensive land, as well as competitive electricity pricing, have improved Malaysia’s ranking. Malaysia is also building up its infrastructure and providing more transparent government to attract potential investment!
Now is a good time to ride the momentum into the new digital economy and set up a data centre in Malaysia.
The term “data centre” refers to a physical storage site that contains all of the resources, including software and hardware that make it possible to apply data and share it. A few examples of these are electronic mail, file sharing, big data, CRMs (customer relationship management systems), and other business-related activities.
The workspace of a data centre needs to be large enough to accommodate necessary infrastructure, such as uninterruptible power supply, cooling systems, cabling, and so on. There is a wide range of possible configurations for data centres, and the following are two of the most well-known ones:
It is necessary to register and incorporate your company before you set up a data centre in Malaysia. The Company Commission of Malaysia (CCM) or Suruhanjaya Syarikat Malaysia (SSM) web platform supports company registration. These are the varieties of companies that can be incorporated:
Forming a Sdn. Bhd. or Berhad is recommended to meet one’s goals with regard to a data centre. These have their own distinct legal entities and provide shareholders with liability protection. After a company has been incorporated, it is expected to implement registration with the Inland Revenue Board of Malaysia (LHDN), in particular in order to get a Sales Tax license.
The licensing platform of the Malaysian Government, also known as Pihak Berkuasa Melesen, is where applications for licenses, permits, and approvals could be submitted (PBM). Licenses are region-specific documents that can be obtained from either the federal government or the authorities of a certain state. The following are the three main classifications of licenses:
Some of the licenses might overlap with one another depending on the specific structure and nature of your data centre company. These approvals include the following possible combinations:
Looking to register your very own Sdn. Bhd.? Look no further. Register now with Malaysia’s #1 award-winning Online Company Secretary! Contact us!
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