Doing Business in Perak
Long term political stability and a business friendly environment creates the ideal opportunity for economy advancement and foreign investment. The Perak State government is proactive in its trade policies, welcoming foreign investors and trade partnerships and provides various incentives and other benefits that would assist investors in the State.
Perak’s multi-ethnic community create a resilient and vibrant society, living and working together in a cosmopolitan society. The official language is Bahasa Malaysia but English is widely used and understood throughout Perak State.
Perak has a stong tradition of excellence in education and this ensures the availability of a quality workforce throughout the State.
The Cost
The cost of starting and running a business in Perak such as securing office space and equipment and employment costs, is lower than other major cities in Malaysia, such as Kuala Lumpur, Johor Bahru or Penang.
Following are details of costs to establish a company in Perak:
Fees to be paid to the Companies Commission of Malaysia.
| |
RM |
USD |
Reservation of a name |
30 |
8.46 |
For registration of a company, fees range according to nominal share capital, e.g.: |
|
- Not exceeding RM100,000 (US$28,213) |
1,000 |
282 |
- Exceeds RM500,000 (US$141,064) but does not
exceed RM1 million (US$282,127) |
5,000 |
1,411 |
- Exceeds RM5 million (US$2.82 million) but does not
exceed RM10 million (US$1.41 million) |
10, 000 |
2,821 |
- Exceeds RM50 million (US$14.10 million) but does
not exceed RM100 million (US$28.21 million) |
50,000
|
14,106 |
- Exceeding RM100 million (US$28.21 million) |
70,000 |
19,749 |
Rental Rates for Office Space (per sq metre per month) for major town in Perak.
| |
RM |
USD |
Ipoh |
13.00 - 19.00 |
3.67 - 5.36 |
Kuala Kangsar |
13.00 - 19.00 |
3.67 - 5.36 |
Taiping |
13.00 - 19.00 |
3.67 - 5.36 |
Cost of Industrial Land
Selling price per sq. feet |
Quit Rent per annum |
Annual assessment rate
(% of property value) |
RM12.20 - 21.00
US$3.44 - 5.92 |
RM10,760 - 12,912 per ha.
US$3,036 - 3,643 per ha. |
10 - 11
|
Cost of Ready Built Factory
Selling price per sq. feet of floor area
|
Rental per sq. feet per month
|
RM97 - 115
US$27.37 - 32.4
|
RM0.50 - 0.70
US$0.14 - 0.20 |
Construction Costs for Factory Buildings
| |
RM |
USD |
Factory with reinforced concrete structure |
65 - 75 |
18.34 - 21.16 |
Steel portal frame on reinforced concrete |
70 - 80 |
19.75 - 22.57 |
Factory with clean room facilities |
120 - 130 |
33.86 - 36.68 |
Human Resources - Wage Rates
| Executive Positions |
Min. |
Max. |
Min. |
Max. |
RM |
USD |
| General Manager |
8,721 |
19,016 |
2,460 |
5,3651 |
| General Manager - Sales & Marketing |
8,459 |
19,599 |
2,387 |
5,529 |
| Factory Manager |
7,569 |
13,962 |
2,008 |
3,703 |
| Senior Research & Development Manager |
7,248 |
13,043 |
2,045 |
3,680 |
| Company Secretary |
6,500 |
15,000 |
1,834 |
4,232 |
| Financial Controller |
5,663 |
14,263 |
1,598 |
4,024 |
| Operations Manager |
5,605 |
10,754 |
1,581 |
3,034 |
| Human Resource Manager |
5,216 |
9,832 |
1,472 |
2,774 |
| Quality Assurance/ Control Manager |
5,184 |
9,140 |
1,463 |
2,579 |
| Business Development Manager |
4,948 |
9,847 |
1,396 |
2,778 |
| Purchasing Manager |
4,826 |
8,581 |
1,362 |
2,421 |
| Production Manager |
4,701 |
8,406 |
1,326 |
2,372 |
| Administration Manager |
4,540 |
8,117 |
1,281 |
2,290 |
| Training Manager |
4,461 |
8,420 |
1,259 |
2,376 |
| Marketing Manager |
4,292 |
8,649 |
1,211 |
2,440 |
| System Analyst |
2,824 |
5,586 |
797 |
1,576 |
| Accountant |
2,744 |
5,548 |
774 |
1,565 |
| Mechanical Engineer |
2,248 |
4,502 |
634 |
1,270 |
| Exec. Secretary/P.A. |
2,075 |
4,768 |
585 |
1,345 |
| Electrical/Electronic Engineer |
2,018 |
4,359 |
569 |
1,230 |
| Marketing Executive |
1,917 |
4,006 |
541 |
1,130 |
| Quality Assurance/Control Executive |
1,806 |
3,587 |
510 |
1,012 |
| Programmer |
1,550 |
3,282 |
437 |
926 |
|
