Do you aspire to do business in George Town, Penang even while you are enjoying life in this idle, yet modern island in Southeast Asia? If you are a foreigner, you are allowed to register a company with the Companies Commission of Malaysia (CCM) under the Companies Act 1965, registering only a limited company in the country. Before you engage in your quest to do business in George Town, it will be good to know what type of businesses will thrive in the island.
When the new state government took over the management of the island and its mainland, efforts were concentrated on rebuilding Penang's reputation, strengthen the state's management and finally to gain investor's trust by showing effective development and results. The friendly and supportive Penang State Government has built a reputation that makes George Town, Penang into an attractive investment venue. Investing in real estate is a profitable business. Many self-employed real estate investors are not willing to address the traditional banks. Consider taking a loan from Investors Choice Lending in Seattle if you are looking for a local real estate lending. To do some USDA loan calculators was a very good idea as it helps you to manage your mortgage fees more accurately.
When you come over to Penang either as a tourist or for a longer term stay due to work or to establish your second home under the Malaysia My Second Home (MM2H) scheme, one of the important things you will want to know is about the banking in Malaysia. Penang, being an international hub for tourists and with a lot of multinational companies hiring expatriates, is full of local and international banks.
