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EOR Partners in Malaysia
Employ in Malaysia
Malaysia, located in Southeast Asia, is a vibrant country known for its diverse culture, dynamic economy, and strategic position within the ASEAN region. With a well-developed infrastructure, Malaysia offers a conducive environment for businesses looking to expand globally. Its economy is driven by trade, tourism, and manufacturing, making it an attractive destination for investment and employment.
About the Country of Malaysia
Malaysia is a federal constitutional monarchy with a population of over 32 million people. It has a mixed economic system which includes a variety of private freedom, combined with centralized economic planning and government regulation. Malaysia is known for its rich natural resources, robust manufacturing sector, and burgeoning services sector, including Islamic banking. The country's strategic location along major sea lanes contributes to its importance as a regional and international trading hub.
33.57 million
Population
Malaysian ringgit
Currency
373 billion
Global Domestic Product
Why Choose Malaysia For Global Expansion?
Strategic Location: Situated at the heart of Southeast Asia, Malaysia provides easy access to ASEAN markets.
Talented Workforce: Malaysia boasts a well-educated, multilingual workforce, adept in English and Asian languages.
Business-Friendly Environment: The government offers incentives for foreign investment and has simplified the process of business establishment.
Economic Stability: Consistent economic growth, supported by a stable political environment, makes Malaysia a safe choice for investment.
Employment Landscape
The employment landscape in Malaysia is governed by the Employment Act of 1955, which covers the majority of workers. Malaysia's labor laws are designed to protect workers while providing flexibility to employers in sectors such as manufacturing, services, and IT. The country's workforce is highly diverse, with expertise ranging from manufacturing to high technology, finance, and services.
Our Services in Malaysia
EORPartners provides comprehensive employment solutions in Malaysia, including: Talent Acquisition and Recruitment, Employment Contracts Management, Payroll and Tax Administration, Compliance with Local Employment Laws & Visa and Work Permit Processing
Employment Benefits in Malaysia
In Malaysia, employees are entitled to benefits such as social security contributions (EPF and SOCSO), healthcare coverage, and retirement benefits. Employers often provide additional benefits to attract and retain talent, including private healthcare insurance, performance bonuses, and company shares.
Annual Leave
Employees in Malaysia are entitled to a minimum of 8 days of paid annual leave for the first 2 years of service, which increases with the length of service.
Sick Leave
The minimum statutory requirement for sick leave in Malaysia is 14 days per annum for employees with less than 2 years of service, 18 days for 2-5 years of service, and 22 days for more than 5 years of service.
Additional Benefits
Many companies in Malaysia offer additional benefits such as flexible working hours, remote work options, maternity and paternity leave, and childcare support to promote work-life balance.
Work Hours and Breaks
The standard workweek in Malaysia is 48 hours, typically divided into 8-hour days for 6 days a week. Employees are entitled to a rest day each week, and breaks for meals and prayers are common practice, reflecting the country’s cultural diversity.
Salary Tax Table
| Chargeable Income (RM) | Tax (RM) | % on excess |
|---|---|---|
| 0 – 5,000 | 0 | 0 |
| 5,001 – 20,000 | 150 | 1 |
| 20,001 – 35,000 | 600 | 3 |
| 35,001 – 50,000 | 1500 | 6 |
| 50,001 – 70,000 | 3700 | 11 |
| 70,001 – 100,000 | 9400 | 19 |
| 100,001 – 400,000 | 84,400 | 24 |
| 400,001 – 600,000 | 136,400 | 26 |
| 600,001 – 2,000,000 | 528,400 | 28 |
| Exceeding 2,000,000 | + (RM 30 for every RM 1,000) | 30 |
*All figures based on local currency
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