It is little wonder that so many businesses decide that expansion into Malaysia is a great idea. The Southeast Asian country has a large population, of which many are multilingual and skilled, awaiting an opportunity to shine with a new company. The environment is business-friendly with a location ideal to tap into the vast ASEAN markets, while relatively low corporate tax rates add to its attraction. Malaysia’s diverse sectors and stable economy, along with an ease of doing business and excellent infrastructure are other factors.
Of course, expanding requires plenty of thorough planning, as it is not as simple as adding a branch in a country of origin. It creates challenges which require overcoming if things are to be successful. This might include dealing with the relocation of an existing employee or making new hires. To do this in a professional manner it is advised to outsource the task to a professional team with expertise as a PEO, as we shall discover.
PEO stands for Professional Employer Organisation. In essence, they provide HR services and lots of things associated with the task so that the business has a reliable local source to assist them in their quest. It can cost a lot of money and take up time trying to get to grips with things in a different country. Malaysia, like many destinations, has different laws and cultures that require research if carrying out everything in-house. The beauty of outsourcing the role is that local knowledge and expertise are instantly available, offering a wide range of services. They are likely to be able to offer a competitive edge when installing business process operations, among their list of skills. Having that professional advantage guarantees that compliance is met and that the local authorities are satisfied that everything meets their immigration requirements.
Potential legal pitfalls are avoided, as the outsourced team as local laws and tax codes are dealt with, meaning that any changes are kept abreast of by knowing who to speak to and where to look, something those without such knowledge can easily fall foul of. Having a seamless employment experience in place makes for a better environment in which to work, boosting morale and productivity, rather than employees feeling any kind of stress. Time is another factor reduced massively by choosing the option of working alongside others, as rather than chasing around trying to ensure regulations are met, other things can be focused on, such as registering a business.
If someone is arriving from a foreign land, they will require support, which those involved in PEO can provide, with everything from the required paperwork and visas being dealt with right through to advice about which areas to live and which are the best schools. They can offer the business who they represent tailored solutions so that whatever they require is covered as well as providing local experience and advice.
A professional Professional Employer Organisation can provide everything a business requires when it comes to employment issues if expanding to Malaysia.
